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In this episode of the Legal Tech Startup Focus podcast, I had the pleasure of speaking with Gary Senga, the CEO of LexCheck. This company has been at the forefront of legal technology for nearly a decade. We delved into Gary's journey as an entrepreneur, including his previous startup, Intelligize, which LexisNexis acquired, and how that experience shaped his approach to LexCheck. Gary provided an insightful overview of LexCheck, emphasizing its evolution from a natural language processing (NLP) development shop to a leader in AI-driven contract review solutions. We discussed their latest offering, LexCheck Insights, which combines NLP with large language models (LLMs) to create a powerful contract review tool. Gary highlighted the unique features of LexCheck Insights, including its ability to generate playbooks in minutes and its best-in-class redlining capabilities. As we explored the competitive landscape, Gary explained how LexCheck distinguishes itself from other players in the market. He pointed out the limitations of traditional LLMs in contract review and how LexCheck's proprietary pre-processing and post-processing technologies enhance the quality and comprehensiveness of contract analysis. This nuanced approach allows LexCheck to address the complexities of legal documents that many competitors overlook. In discussing marketing and sales strategies, Gary candidly shared that there is no secret formula for success. He stressed the importance of hard work and a balanced approach to lead generation, combining both inbound and outbound strategies. He noted that legal tech sales often require a hands-on approach, as the legal industry has historically been slow to adopt new software solutions. Gary offered valuable insights on onboarding for legal tech entrepreneurs. He advised against assuming that users will intuitively understand the software and emphasized the need for a thorough onboarding process. He encouraged startups to invest time and resources into helping users become comfortable with their products to avoid the dreaded "shelfware" phenomenon. As we wrapped up our conversation, Gary reflected on the milestones that have brought him the most pride over the past ten years, particularly the joy of seeing customer renewals and the professional growth of his team members.
Gary Sangha L'03 is a Penn Law grad and serial legal entrepreneur. He sold his first startup, Intelligize, and recently launched his second venture, LexCheck, an AI-powered contract review platform. On this episode, Gary discusses the evolution of legal entrepreneurship over the last decade, skills lawyers who want to build a startup should develop, and why the legal tech landscape is booming and will continue to grow in the years ahead. Law 2030 is produced by The University of Pennsylvania Carey Law School's Future of the Profession Initiative ("FPI"). FPI recognizes a leading law school's role in designing a forward-looking approach to lawyer formation and leading essential interdisciplinary conversations that respond to the fundamental changes that are transforming the legal profession. If you'd like to learn more about the Future of the Profession Initiative at Penn Carey Law School, please visit https://www.law.upenn.edu/futureprofessioninitiative/
I spoke with Gary Sangha, the founder and CEO of LexCheck, an artificial intelligence-powered contract analytics company. He is also the founder of Intelligize, a data analytics company that Lexis Nexis acquired in 2016. We discussed the appetite for AI-driven solutions in the legal industry, the top misconception among those exploring ways to leverage AI at their firms or in their legal departments, and where legal teams are deploying AI most effectively.
I spoke with Gary Sangha, the founder and CEO of LexCheck, an artificial intelligence-powered contract analytics company. He is also the founder of Intelligize, a data analytics company that Lexis Nexis acquired in 2016. We discussed the appetite for AI-driven solutions in the legal industry, the top misconception among those exploring ways to leverage AI at their firms or in their legal departments, and where legal teams are deploying AI most effectively.
The Paycheck Protection Program offered small businesses shelter from the impact of COVID. But, as Marc Butler of Intelligize explains, it's not quite as straightforward as you'd think. Steve and Drew chat chickens. Hit it!
Intelligize CEO Todd Hicks discusses how the evolving work landscape is providing new hurdles — and new solutions for organizations like Intelligize and other organizations in the regulatory and compliance industry. 1:14 Marc and Todd discuss Todd's more than 20 years of experience in compliance research and his start in public accounting and time in the United States Army. 4:30 We first discuss "the Thanksgiving dilemma" — how do you describe what you do for a living? 5:45 Todd discusses how his answer to this question has changed over the years, since he got his start in this industry in 1995. 7:11 Todd shares the advice he would give someone looking to enter the regulatory compliance and research profession. 8:51 We discuss the current global situation and the obstacles and opportunities that have been presented. 13:00 Innovating the way we do work is how Intelligize — and all organizations — can greet the current work environment. 13:40 Todd discusses the biggest challenges that come with his role as CEO — maintaining growth and innovation, and how he works to prioritize that. 18:00 The need to have an organizational vision beyond just the products you're building, including adjacency or underserved areas. 21:15 What are some of the things you research again and again in the compliance industry? Todd discusses the robust role of a 10-K for an organization. 24:10 How do you continue to learn to stay on top of trends and developments? Todd discusses his routine for reading, meetings, networking and alerts so he can consume the most impactful information. 25:20 Todd discusses his new professional development goal now that COVID-19 has decreased the need for an office commute. 27:35 Todd answers quick questions about the SEC industry and his broader professional goals or interests.
Get to know professionals from every corner of the regulatory and compliance industry. Hear their stories, perspectives, and observations about new challenges on the horizon, and the ever-changing regulatory landscape.
Implementation of new revenue recognition standards was always going to be a challenge, no matter the timing. Hopefully, those companies who come later can learn a little bit from those brave souls who are showing the way: the early adopters. Rob Peters, senior director of Intelligize, discusses the findings of his company’s report on revenue recognition early adoption trends, Impact of Revenue Recognition Standards on Private Companies. For a full transcript, click here.
What does it mean to practice data-driven law? On this episode, Bob speaks with Jeff Pfeifer, the LexisNexis vice president charged with driving overall product strategy for LexisNexis Legal and Professional, North America. Over the past several years, Pfeifer has spearheaded a series of acquisitions and product developments, all with the goal of establishing LexisNexis as the leader in legal analytics and enabling what he calls data-driven law. Pfeifer oversaw the company’s 2016 acquisitions of legal analytics companies Lex Machina and Intelligize and the 2017 acquisition of Ravel Law. Most recently, Pfeifer led the roll-out of Lexis Analytics, a suite of tools that organizes all of LexisNexis’s major analytics acquisitions and products (as well as a couple new products) into three categories of analytics – litigation, regulatory and transactional. Bob talks with Jeff about these acquisitions, the launch of Lexis Analytics, and his vision of the data-driven lawyer. Pfeifer is a 29-year veteran of LexisNexis. Before taking on his current role in 2015 as vice president of product management, he was vice president, primary law and Shepard’s, and president and CEO of LexisNexis Puerto Rico. Earlier, he was vice president of marketing. He was recognized this year as among the Fastcase 50, honoring the “smartest, most courageous innovators, techies, visionaries, and leaders in the law.” Comment on this show: Record a voice comment on your mobile phone and send it to info@lawnext.com.
I spoke with Rachel Travers, the vice president of Lexis Practice Advisor® and Analytical Content, responsible for all of the authored content for the US LexisNexis business. We discussed how attorneys use Lexis Practice Advisor, the platform's evolution given the increased focus on productivity, efficiency and workflow, its recent integration with Intelligize‘s search tools, and why practical guidance is such an important element of modern law practice.
I spoke with Rachel Travers, the vice president of Lexis Practice Advisor® and Analytical Content, responsible for all of the authored content for the US LexisNexis business. We discussed how attorneys use Lexis Practice Advisor, the platform’s evolution given the increased focus on productivity, efficiency and workflow, its recent integration with Intelligize‘s search tools, and why practical guidance is such an important element of modern law practice.
I spoke with Rachel Travers, the vice president of Lexis Practice Advisor® and Analytical Content, responsible for all of the authored content for the US LexisNexis business. We discussed how attorneys use Lexis Practice Advisor, the platform’s evolution given the increased focus on productivity, efficiency and workflow, its recent integration with Intelligize‘s search tools, and why practical guidance is such an important element of modern law practice.
I spoke with Rachel Travers, the vice president of Lexis Practice Advisor® and Analytical Content, responsible for all of the authored content for the US LexisNexis business. We discussed how attorneys use Lexis Practice Advisor, the platform’s evolution given the increased focus on productivity, efficiency and workflow, its recent integration with Intelligize‘s search tools, and why practical guidance is such an important element of modern law practice.