Gabriela Istriz is an early stage investor, advisor and general partner of Everywhere Ventures, and also makes investments through The Fund XX. She will also be one of the many outstanding speakers at the Legal Innovators California conference, which will be held in San Francisco on June 4th and June 5th. artificial lawyer We caught up with her ahead of the conference to hear her thoughts on various issues related to investing in legal tech in this era of GenAI.
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With the arrival of GenAI, it feels like a truly transformative moment for the legal field. Does it look like that to you?
surely! The advent of generative AI will usher in an era of transformation in the legal field, significantly increasing efficiency and accessibility.
After speaking with law firm MPs, EDs, CFOs, CIOs, and even legal department GCs, it's clear that there is an opportunity to optimize most of your current processes and workflows, and GenAI can help you do it quickly. It's a tool that makes it possible. This allows for faster document processing and broader public access to legal resources.
However, there are challenges to its implementation, such as ensuring the accuracy of AI output and overcoming regulatory hurdles. To fully leverage the potential of AI in legal practice, these barriers must be addressed.
Investing in legal tech has been a roller coaster over the past five years…but it looks like it’s on the rise again in 2024. Why is it so volatile and do you think investment in legal tech will increase in the long term now?
Traditionally, legal tech has been seen as conservative and slow to adopt new technology. However, several factors are currently driving rapid technological change and innovation in this field.
This includes the integration of AI, increased demands from legal departments to streamline operations and reduce costs, and a generational shift in law firm leadership to digital natives. This interplay of factors not only drives demand for robust technology solutions, but also creates significant long-term investment opportunities.
Besides GenAI, what excites you as an investor? Or…maybe GenAI really has the upper hand?
What excites me most is the emergence of a new generation of founders and innovators who are finding opportunities to revolutionize the legal industry. These visionaries target B2B clients as well as B2C customers. With so many resources, advisors, and technologies like AI available to accelerate transformation, there's never been a better time to be a founder and launch a startup.
What is most important to you when considering a startup?
Three things: 1) Your team, 2) Understanding your market, and 3) What's your big vision?
Finally, why are you excited to speak at Legal Innovators California?
I am very excited to be speaking at Legal Innovators California. Because it's a great opportunity to connect with and learn from some of the brightest minds in the industry. It's really inspiring to be on the same stage as these innovative thinkers.
I look forward to making new connections and having meaningful discussions. Legal Innovators provides the perfect platform for this. I can't wait to join.
Thank you Gabby!
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Legal Innovators California Conference, June 4th and 5th – San Francisco
The new wave of legal AI and how it will change our field California Legal Innovator Conference, June 4th and 5th.
The event will be held in San Francisco and will focus on law firms on the first day and internal and legal operations on the second day. The event will feature many outstanding speakers, along with a group of pioneering legal tech companies and service providers. Click here to learn more about our company. speaker here.
for Click here for ticket information. Don't miss this great event in the heart of America's tech world.
