How do you convince lawyers to embrace digital transformation by using AI in their practices? Lawdify may have the answer.
The company offers AI-driven SaaS solutions tailored specifically for legal professionals. It creates AI agents designed to manage specialised, labour-intensive, and high-stakes tasks in the legal field.
These AI tools intend to significantly reduce the manual effort required for tasks such as document tracking, review, and analysis, thereby addressing a critical pain point that has long plagued the legal profession.
Lawdify CEO and Founder Eliza Jiang, who has over a decade of experience in private legal practice, identifies the inefficiencies in traditional legal workflows. Before entering law, she worked in accounting, where tools like spreadsheets were essential for distilling large volumes of data into actionable insights. However, upon transitioning to law, she found no comparable tools to assist in analysing and synthesising textual data.
This realisation drove her to create a solution that could automate the tedious and time-consuming process of organising case documents into actionable summaries.
Also Read: 7 common legal pitfalls startup founders should avoid
“When we started designing, I knew I wanted the tool to be one I wished I had throughout my 10 years of practice. We are confident that the tool will become indispensable to lawyers worldwide,” she explains.
“With this in mind, I leveraged my expertise in legal workflows (i.e. the way lawyers review documents, summarise data, put together their legal claims, and draft their pleadings) to create a product that can be easily entrenched in these workflows. We then outlined the user journey to distil, analyse, and summarise data from documents in various tables. Involving the engineering team at every step of the process, we wireframed the different front-end and back-end requirements to align with this user journey to deliver the results the users need.”
Lawdify is making significant strides in the legal tech industry, focusing on high-profile and reputable dispute teams across major legal hubs such as Singapore, Hong Kong, London, and Toronto.
The company’s AI-driven tool is jurisdiction-agnostic, making it versatile and applicable across legal systems.
Initially targeting boutique law firms with a dispute practice, Lawdify plans to expand its reach to corporate practice groups in Q4 2024 following the commercial launch of its product.
Tackling barriers to entry
During a panel session at the UNCITRAL Academy Conference 2024, Jiang addresses the concerns surrounding the integration of AI in the legal industry.
Also Read: Why offshoring your data parsing processes could be your legal tech startup’s secret weapon
Built on enterprise-grade versions of large language models, Lawdify’s applications prioritise data security by storing information in isolated instances on major enterprise cloud services such as Google Cloud Platform, Microsoft Azure, and Amazon Cloud Services. This approach guarantees that client data remains secure while providing powerful AI tools tailored for legal professionals.
When asked about the possible barriers of entry for lawyers to use its product, Jiang reveals that apart from trust and data privacy, there are other issues, such as tech products not considering lawyers’ input in their development process and lawyers’ hesitancy to adopt new technology that is deemed too complex.
“That is why when we design our platform, we ensure that Lawdify is built with an intuitive user interface to easily set up summary tables in which content can be generated in seconds. This function is not entirely new, as summarising data in tables is something that lawyers already do with Word and Excel. Lawdify simplifies this process,” Jiang says.
Lawdify operates on a SaaS subscription model, offering its AI-powered tools with a generation limit tailored to the needs of legal professionals.
The company has successfully raised external funding to support its growth and development.
In 2024, its primary focus is on the commercial launch of its product worldwide, scheduled for Q4, marking a significant milestone in its expansion strategy.
—
Image Credit: Lawdify
The post Lawdify revolutionises legal workflows with AI-driven tools to alleviate lawyer workload appeared first on e27.