Eudia bought Alsp Johnson Hana, bringing more than 300 legal employees to the company focused on AI burial. They said that “ creates a whole new type of business, which merges human expertise and artificial intelligence to fundamentally reinvent the way in which legal work is done ‘… .. even if it could be said that it is not so different from something like Elevate, which also combines AI products and major human teams focused on processes. And we could say that we have seen similar combos with legal AI companies working in close collaboration with other Alsps. So maybe not so much a new decision, but still an important step. (See the analysis al below).
EUDIA works in close collaboration with Inhouse teams to develop workflows focused on AI, including aging systems. While Johnson Hana was founded by Dan Fox, a former lawyer, and works with Citibank, Morgan Stanley, Stripe, Tesco, Airbnb, Coca-Cola, X and Tiktok.
Omar Haroun, co-founder and CEO of Eudia, said: “We have built the first technological platform for agental IA solutions, as evidenced by our fortune clientele 500 rapidly growing. But we have learned that the construction of truly transformer systems requires deep human expertise integrated into technology itself.
‘Johnson hana [are] Aligned by the mission with our vision of creating something completely different – not a better version of the status quo, but a new class of products that breaks the dependence of internal teams with regard to slow and costly traditional companies.
Marc BhargavaManaging Director of General Catalyst, who directed the recent A series A of $ 100 million in EUDIA, added: “We have financed several companies operating from the same thesis and we are delighted to see this next wave of innovation settle. We are convinced that this can be the first of many advances of this type of the EDIA team.
And Dan de Johnson Hana, concluded: “It is a big leap forward. By merging our base of elite talents and our expertise from the services managed with the IAD platform of Eudia, we do not only strengthen how the work is done – we redefine what is possible. It’s the right model and the right time.
Pic above: EUDIA team with Omar Haroun in the center.
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AL analysis: I’m here before … in a way …
The addition of legal AI tools to an ALSP is now standard. From antegreon to be raised and many others, including the alsps linked to law firms, this ship sailed some time ago. So, to say that ‘Creates a whole new type of businesswhich merges human expertise and artificial intelligence to fundamentally reinvent the way in which legal work is done ‘is a bit exaggerated and not really precise.
But…. In favor of Eudia is a key difference: it is generally the ALSP which brings an AI product to help its work, not the company of AI which buys an alsp. Although perhaps a very distant relationship with this could be when Thomson Reuters bought Alsp / LPO Pangea3 in 2010 – although we would not have called TR at the time. In addition, more recently, the creation of Robin AI, which combines AI and the legal services managed has already done so before – but has grown in a organic manner.
Why is the EUDIA agreement then unusual?
Software companies generally want to evolve by selling software alone. The services are delicate and more difficult to evolve. The prices are also very different between a license for certain AI tools and a room full of contract revisers.
However, after having spoken to Haroun d’Eudia – and many others on the market since then – it is clear that the company has developed a strong advisory approach, and not that different from what you see in groups of consultations / consultants of the law firm, or also the four large.
But, as indicated, those who sell software and have tonnes of venture capital tends not to want to develop the human side, they rather seek to make alliances with those who can help sell their software, for example the news of today on pixe masons and their agreement with CLM Company ContractPodai to serve customers on the advice and needs of ALSP A-BACKED.
So, this is a very interesting decision – not because of the combination of talents, it’s very normal now – but The direction in which the money went, that is to say VC in Ai Co. in Alsp.
What does that mean more broadly? He will force businesses such as Harvey and Legora will note. For what? Because they clearly seek to win teams from Inhouse with their IA skills. Meanwhile, CLM players – in particular those who also offer a certain type of contract exam / the provision of managed services, will see a direct competitor here. And Robin Ai, who combined AI and the services managed from the start, will also see a direct rival here.
In short, the market is more shaken. And this wave of activity will probably continue for a while.
***** PS on this note: artificial lawyer takes summer vacation from Friday July 11 to July 28.
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Conferences of legal innovators in New York and London – both in November 2000
If you want to stay ahead of the legal AI curve … then come to New York Legal InnovatorsNovember 19 + 20, where the brightest minds will share their ideas on where we are now and where we are heading.
And also, UK legal innovators – November 4 + 5 + 6
The two events, as always, are organized by the Awesome Cosmonauts team!
Please get in touch with them if you want to participate.
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