In 2020, Jay Madheswaran, Matt Noe and David Zeng, all veterans of the tech industry, had a vision to harness the power of large language models (a la OpenAI's ChatGPT) to shake up the legal profession. To Madheswaran's point, one survey albeit a quite dated one, from 2012 found that "information workers" in the legal profession, including lawyers and paralegals, spend over 11 hours a week dealing with challenges related to document creation and management, at least six hours of which is wasted time. All told, time wasted in document creation and management activities cost firms $9,071 per lawyer a year, amounting to nearly $1 million for a firm with 100 lawyers, the study found.
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