After making a big splash last year at Legal Tech NY, the CodeX/ALM partnership brought 10 new legal startups to the seminal legal tech conference. Excitement and lots of wonderful creative energy flowed along the CodeX isle.
On the last day, the startups were put through a series of fast-paced demos/talks. During the Shark Tank style session, presenters got the opportunity to “pitch” their products to and receive feedback from a panel of judges that included Ralph Baxter, Advisor, Writer & Speaker on the Legal Profession; Monica Bay, Fellow, CodeX; and Joe Borstein, Global Director, Pangea3, Thomson Reuters Legal
Check out David Horrigan’s Twitter recap of the lightning round.
See below, a summary of the 10 Codex startups at 2016 LegalTech NY along with video interviews Larry and I had with a few of the young geniuses seeking to improve the delivery of, and access to, legal services.
ArbiClaims – An online small claims court alternative. If someone owes you money ($10K or less if you’re an individual, $5K or less if you’re a business), you can take them to small claims court or use ArbiClaims.
Founder: Stephen Kane
Casetext – A legal research company where lawyers can read cases, statutes, and regulations that are annotated by the entire legal community.
CEO & Founder: Jake Heller
**ClearstoneIP LLC ** – A new platform for conducting product clearance, freedom to operate, and patent infringement-based analyses.
CEO: Gabe Sukman
Concord – A free cloud-based contract lifecycle management tool that provides a new way to create, negotiate, sign, and manage contracts.
CEO: Matt Lhoumeau
[Legal.io]12 – Provides a robust platform for legal service organizations to support greater access to justice by managing workflow to their member networks and by fostering collaboration.
Co-Founder and CEO: Tony Lai
Legal Robot – Provides automated legal document review using machine learning. Lauded in Venture Beat as a startup that’s changing the face of AI:
“Reading through and understanding legal documents can be a huge hassle for many. With an increasing number of small businesses and individuals trying to navigate the field, Legal Robot helps with understanding complex legal language using AI without the cost associated with it. The company’s goal is to empower consumers, save businesses money, and let lawyers focus on what matters.”
Founder & CEO: Dan Rubins
Lit IQ – Uses computational linguistics to detect drafting oversights ahead of time, limiting risk and the potential for disputes.
CEO: Gurinder Sangha
SmartContract – Provides programmable contracts that are secured in the blockchain as self-executing contractual states.
CEO: Sergey Nazarov
[123recht.net]17 and frag-einen-anwalt.de (123law and ask-a-lawyer) – Get legal advice online. Based in Germany with plans for expansion in the U.S.
CTO: Daniel Friedmann
Managing Director: Michael Friedmann
About CodeX – The Stanford Center for Legal Informatics – A place where researchers and entrepreneurs design technologies for a better legal system. CodeX’s broad mission is to create legal technologies that empower all parties in our legal system and not solely the legal profession. These legal technologies help individuals find, understand, and comply with legal rules that govern their lives; they help law-making bodies analyze proposed laws for cost, overlap, and inconsistency; and they help enforcement authorities ensure compliance with the law. All of these advancements lead to the next frontier of legal technology, bringing new levels of legal transparency and individual empowerment.