Consolidation Is Slowly Killing Legal Tech Innovation

Apr 26, 2023

In an enlightening interview with Level Legal CEO Joey Seeber, Steven Lerner from Law360 Pulse discusses the detrimental impact of legal consolidation on innovation in the legal tech industry.

Steven Lerner from Law360 Pulse interviews Level Legal CEO Joey Seeber under the eye-opening headline Consolidation Is Slowly Killing Legal Tech Innovation. Seeber sheds light on the current state of legal tech, highlighting the lack of innovation and drawing a contrast with the short-term profit-driven strategies employed by private equity firms involved in many of these acquisitions.

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Understand.

During this phase, we work to step away from any assumptions and guesses about what our customers needs, and let our research findings inform our decision-making. We learn more about our customers, their problems, wants, and needs, and the environment or context in which they will use the solution we offer.

Our Framework

Define.

During the Define phase, we analyze our research findings from the Understand phase and determine what is the most important problem to solve — and why. This step defines the goal. Then we can give a clear problem statement, describing what our customers’ needs are that we are trying to solve, making sure that we heard and defined their problem correctly.

Our Framework

Solve.

This phase is an important part of the discipline in our process. People often settle for the first solution, but the most obvious solution is often not the right one. During the Solve phase, we brainstorm collaboratively with multiple stakeholders to generate many unique solutions. We then analyze our potential solutions and make choices about which are the best to pursue based on learnings in the Understand phase.

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Build & Test.

This phase is critical in developing the right solution to our customers’ problem. An organized approach to testing can help avoid rework and create exceptional outcomes. Starting small and testing the solution, we iterate quickly, before deploying solutions across the entire project.

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Act.

During this phase, the hard work of prior phases comes to life in our customers’ best solution. The research, collaboration, and testing performed prior to project kick-off ensure optimal results.

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Feedback.

At the project completion, we convene all stakeholders to discuss what went well, what could have been better, and how we might improve going forward. We call these meetings “Retrospectives,” and we perform them internally as a project team, and with our external customers. The Retrospective is one of the most powerful, meaningful tools in our framework.

Consolidation Is Slowly Killing Legal Tech Innovation

Legaltech Rundown: Level Legal Hires Onit Co-Founder, Nextpoint Brings on AI Expert Dr. Dave Lewis, and More

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Our Framework

Understand.

Our Framework

Define.

Our Framework

Solve.

Our Framework

Build & Test.

Our Framework

Act.

Our Framework

Feedback.