As far as I understand, they are mostly displacing paralegals and assistants, not lawyers. Lawyer still will have to do bunch of supervision, but software will do the drafting work instead of paralegal, and manage workflow instead of assistant.
Congrats to Jason and Cai! I don't know how much their product/service has changed, but I remember it making my life so much easier when I was raising money for my company.
Good for them. But can anyone tell me how this is different than BPM plus Hellosign? Helloworks is heading in this direction and my company does similar workflow internally.
How is this software doing anything other than displacing lawyers? Now, it isn't displacing senior lawyers, but associates?
I don't blame them for the messaging but anyone coming out of law school should be aware of this.
The other factor is when you make something cheaper (drafting and signing of contracts) you get more of it. I wonder how that will appear.