Why is legal tech so far behind other industries?
by•
Fintech disrupted banking. Healthtech is transforming healthcare. But legal?
We still:
- Sign documents we don't understand
- Pay $300-500/hr for basic contract reviews
- Use templates from 2010
Some theories:
1. Regulation - Bar associations protect the status quo
2. Risk aversion - Nobody wants to be the guinea pig for legal AI
3. Complexity - Legal language is genuinely hard to parse
Yet AI can now summarize documents, flag risks, and explain clauses in plain English.
Question for the community:
- Would you trust AI to review a contract?
- What would it take to change your mind?
- Where's the line between "AI assistant" and "need a real lawyer"?
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