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walshemj 628 days ago link
6ren 628 days ago link
For the kind of simple contracts that could be handled by software, people already use form contracts. Paying lawyers fees is not good. Creating conflict with someone you want to cooperate with is not good. Because it was pay for performance I could quantify how much delays cost the company versus what I will get paid. Their lawyers' delays Jordans 13 For Sale
The legal industry is perfectly suited to be utterly destroyed by startups. Just do most of the stuff on the computer and let Mr. cheap young JD sign off on the last mile work on his phone. Each contract he goes through knocks another $100 off his student loan bill. Putting lawyers out of work will mean they will try to rewrite the law to ban you. Depending on how you structure it, you might want to ally with a few firms in each vertical to rain fire upon their competitors. Today, half of law graduates don't get a job, and 90% can't get a job at a big firm. Yet, big firms are still paying $160k+bonus to people fresh out of school, because that's what they have to pay to get kids out of the top 15 20 schools or the tippy top kids from the lower ranked schools. Why do they continue to do this when lowering their standards for pedigree could cut their costs massively?You can say that it's because law firms are stupid and invested in the status quo, but corporate clients surely aren't. Why do firms persist in putting so much stock in hiring Harvard/Yale/etc graduates, and why do clients keep hiring such firms? If there was really an opening in the market you could drive a truck through, what has stopped anyone from taking advantage of it thus far?
cost them several times what I will get paid. On my side I did not let my Jordans 13 Retro Blue
lawyers negotiate. I told them to identify everything in the drafts that I should object to. Then I negotiated without them. Once there was nothing that made me unhappy, I signed. If the company had limited theirs, they would have saved thousands of dollars. Sometimes things just don't work out. Regardless of how, litigation often ensues. That's when the value of a lawyer becomes apparent. It's easy to complain about lawyers during the negotiation they often needlessly inject themselves into the process but it would be worth considering that a good lawyer is trying to protect you in case things go wrong. I think it would be stupid to sign any moderately complex agreement without a lawyer having been through it, and having informed you about what you are signing. (I certainly wouldn't sign that.) I also think it would be stupid to have a moderately complex agreement that was not drafted very Jordans Low 6 clearly. Yet people use them almost universally in contract negotiations. Is it for irrational reasons? I like to think not, but who knows.
Realy? you think some start up is going to produce some software or that you could represent you effectively in court for non trivial cases?
rayiner 628 days ago link
Yes. and is. The fact situation is not pre recorded according to a grammar and the semantics of the law are not precisely defined. Both aspects and their connection are far more flexible and ambiguous and uncertain than any IT integration. Hollow out everything else, replace it by software, and use this army as scalable last mile reviewers with the thinking done by code. Kind of a TaskRabbit for law. By giving jobs to (a) young tech savvy jobless students and (b) a few top attorneys from the very best law firms to write the contracts, you can do a pincer attack and massively reduce legal costs.
Peter Thiel on The Future of Legal Technology
There are very rational reasons to use lawyers. If the other side is using lawyers, you can be sure that they have tried to slip in terrible terms that you really don't want. They won't look that bad, but they will be bad. The next time you are part of a negotiation and want to redraft the agreement, ask yourself who you are doing it for. Are you serving your client's best interests? Or your interests?Here is another exercise. The next time you see the need to mediate between "big egos on the business side", think carefully about how those egos got unhappy in the first place. I'll give you even odds that the issue they got upset over is one that was introduced by a lawyer. Or find a lawyer that you trust to not run up the clock. There are a lot of things you can do as the client to guard against that sort of behavior. Here is another exercise. The next time you see the need to mediate between "big egos on the business side", think carefully about how those egos got Air Jordan 4 Premium Obsidian White 819139-030
unhappy in the first place. The business people on a deal are optimistic they think the deal will go well and is a good idea, otherwise they wouldn't be doing it. Lawyers are pessimists. They want to hedge against all the ways the deal can go wrong. They don't have a personal investment in the deal that can cloud their judgment of all of the ways it could blow up.
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