Technically Legal - A Legal Technology and Innovation Podcast

• Revolutionizing Dispute Resolution: AAA's Acquisition of ODR.com; The Future of AI-Powered Arbitration (Best of Replay)

  This episode involves two people with very distinguished careers. Bridget M. McCormack who now heads the American Arbitration Association (AAA) and Colin Rule, the founder of ODR.com just acquired by The AAA. Bridget has served in just about every role you can in the legal industry. She started her legal career in legal aid and as a public defender handling trials and appeals. She then moved to teaching law school, first at Yale and then Michigan. After her stint as an educator, she decided she wanted to help foster even more change and won a seat on the Michigan Supreme Court where she ultimately ascended to the position of Chief Justice. Fast forward to 2023 and she took the helm of the AAA. One of Bridget’s biggest initiatives at AAA is bringing tech into the arbitration process and that is where Colin Rule comes in. He founded an online dispute resolution (ODR) company, about 15 years ago that ultimately became ODR.com which the AAA just announced it was acquiring. To say that Colin is an ODR OG is an understatement. He literally wrote the book on ODR way back in the early days of the internet. Ebay brought him on board in the early 2000s where he headed up the company’s ODR function. In this episode Bridget and Colin discuss:  AAA's acquisition of ODR.com: The strategic partnership between AAA and odr.com to revolutionize dispute resolution. AI's transformative role in dispute resolution: How AAA is using AI internally and through external tools to improve efficiency and accessibility. The future of dispute resolution: A vision for a more accessible, efficient, and user-friendly system that leverages technology and data.   Episode Credits Editing and Production: Grant Blackstock Theme Music: Home Base (Instrumental Version) by TA2MI

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• The Future of Real Estate is Here (and It's on Blockchain) -Daniel Rollingher (GC Fabrica)

  This episode features Daniel Rollingher, co-founder of Fabrica, a company leveraging blockchain technology to revolutionize real estate ownership. Rollingher discusses Fabrica's innovative approach to putting real estate titles on chain, creating a more transparent and efficient system for property transactions. He explains how Fabrica's platform uses NFTs to represent property ownership, simplifying the process of buying, selling, and managing real estate assets. The conversation also explores the legal framework behind Fabrica's blockchain real estate platform, including the use of trusts and smart contracts to ensure secure and verifiable ownership. Additionally, Rollingher touches on the use of blockchain in real estate to address challenges in the traditional real estate market, such as title insurance and liquidity issues. Key Takeaways: Fabrica uses NFTs to represent real estate ownership, streamlining transactions and property management. The platform employs a unique trust model to connect on-chain ownership with real-world legal frameworks. Fabrica aims to improve transparency and efficiency in real estate transactions through blockchain technology. The company is exploring the potential of blockchain and real estate to disrupt traditional processes, such as title insurance and recording deeds. Fabrica's platform offers solutions for unlocking liquidity in land assets and other real estate holdings. The company is actively working on expanding its blockchain real estate platform to new jurisdictions and asset classes. Resources/Links: Fabrica website: fabrica.land Daniel Rollingher on Twitter: @notdroll  

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• From Tractors to Timekeeping: Jack Weinberger’s (CEO Ajax) Legal Tech Journey

  Jack Weinberger, co-founder of Ajax, a legal tech app that handles timekeeping for lawyers, shares his unconventional journey from finance to legal tech. Jack discusses his experiences in investment banking and private equity, and how those roles, while not directly related to law, sparked his interest in entrepreneurship and ultimately led him to the world of legal tech. He details the challenges of building a legal tech company, emphasizing the importance of understanding the specific needs of lawyers and addressing the critical concerns of data security. Jack also provides insight into Ajax's innovative approach to timekeeping, which uses AI to automate the process of generating time entries by analyzing a lawyer's activity on their computer. He explains how Ajax integrates with popular practice management software and highlights the significant time savings and increased accuracy that Ajax offers to legal professionals. Finally, Jack shares some exciting upcoming features that Ajax is developing, including capturing impromptu conversations and further streamlining the user experience. Key Takeaways Career transitions from finance to legal tech are possible, highlighting the transferable skills and entrepreneurial spirit. Building successful legal tech solutions requires a deep understanding of lawyer workflows and pain points, with timekeeping being a major one. Data security is paramount in legal tech, and companies must prioritize client confidentiality. AI is transforming legal practice by automating tasks like timekeeping, allowing lawyers to focus on higher-value work. Additional Information Ajax website: https://www.joinajax.com/ Learn more about Jack.   

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• From Athlete to AI: Summize CEO's Legal Tech Entrepreneurial Journey (Tom Dunlop)

  This episode features Tom Dunlop, founder of Summize, a contract lifecycle management (CLM) platform. Tom discusses his unique path to founding Summize, from his background as a professional athlete and lawyer to his passion for solving real-world problems with technology. Key takeaways: The genesis of Summize: Tom explains how his experience reviewing hundreds of contracts manually led to the idea for Summize. Early challenges and the evolution of AI: Tom describes the initial challenges of summarizing contracts using AI in 2018 and how the advent of generative AI has revolutionized Summize's capabilities. Summize's unique approach: Summize differentiates itself by embedding its functionality within popular workplace tools like Slack, Teams, and Microsoft Word, allowing users to manage contracts without leaving their familiar workflows. How Summize works: Tom explains how Summize uses AI to curate contract data and provide summaries that are relevant and tailored to specific business needs. The future of Summize: Tom shares his vision for the future of Summize, including plans to further leverage AI, enhance native integrations, and incorporate validated content from the legal community.  Resources and Links: Summize Website: summize.com Connect with Tom on LinkedIn Keywords: legal tech, contract lifecycle management (CLM), AI, generative AI, contract summarization, legal technology, Summize, Tom Dunlop, Microsoft Word, Slack, Teams, Outlook, DocuSign

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• Connecting Main Street to Wall Street: How Data Driven Financial Regulation and Emerging Tech Like Crypto Can Help Bridge the Gap (Lucas Moskowitz - GC, Robinhood) (Replay)

  A conversation with Lucas Moskowitz, General Counsel for financial services company Robinhood. Launched in 2013, Robinhood’s stated mission is to "democratize finance for all" by making it easy for investors to start investing with a few bucks rather than having to be a high roller. Key to this effort is the fact that Robinhood offers commission-free trading and also provides access to cryptocurrencies. The discussion covers various topics, including: Robinhood’s Mission: Lucas explains Robinhood's mission to democratize finance by breaking down barriers to investing and making it accessible to everyone, regardless of their financial background. Lucas’s Career Path: Lucas shares his unique career journey, transitioning from big law to the SEC, Capitol Hill, and eventually Robinhood. He emphasizes the importance of diverse experiences in shaping his perspective. Regulation in the Financial Industry: Lucas advocates for a data-driven approach to regulation, striking a balance between investor protection and fostering innovation and access. Crypto & Blockchain: The potential of crypto and blockchain technology is explored, with Lucas highlighting their role in making financial markets more efficient. Education: The importance of educating investors about making sound investment decisions and also educating legal professionals about emerging technologies like blockchain and tokenization of assets. Stay in the know: Want to keep up to date about new episodes? Technically Legal Update List. Want to learn more about Percipient (percipient.co)? Follow Chad on Linkedin: Chad Main | LinkedIn Follow the podcast on LinkedIn: Technically Legal | LinkedIn Follow the podcast on Instagram: Technically Legal | Instagram Follow the podcast on X: Technically Legal | X   Episode Credits Editing and Production: Grant Blackstock Theme Music: Home Base (Instrumental Version) by TA2MI

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