16-17 June 2027 – London, InterContinental O2 | Magazine

LegalTech Diaries Volume 17

Ed Sohn

Chief Product Officer & General Counsel
Lumio

LegalTech Diaries Volume 17

Ed Sohn

Chief Product Officer & General Counsel
Lumio

You co-founded Lumio on a different bet than most of the market – that AI’s biggest opportunity in law isn’t automating core legal tasks, but scaling the commercial judgement of partners. What convinced you the market was aiming at the wrong target?

I don’t think AI pointed at core legal tasks is a wrong target – I am extremely excited about all of the efforts emerging there! I have friends across legaltech in pursuit of that goal, and I cannot be more excited about that work, especially as a practicing attorney myself.

However, the paradox of legal AI is that the threshold on AI for legal work is really high. AI solutions must prove the consistency and accuracy that clients expect from the best lawyers in the world. Even when those thresholds are met, the impact on a law firm’s business model is still an open question – where does AI go first? We know that “AI Everywhere” was not a feasible or wise strategy.

Compare that journey to a different one, where AI is pointed at a firm’s growth and pricing strategy, the commercial acumen of its partners, and a deeper understanding of its clients. These are areas where AI creates value at a standard of “better than now”, and where the complicated and uncertain ROI conversations are exchanged for a very simple business case: top-line revenue. We founded Lumio to solve business problems and deliver growth outcomes.

As both General Counsel and Chief Product Officer, you sit in a rare seat – both building the product and living with legal and regulatory responsibility for it. How has wearing both hats changed the way you think about building AI for lawyers?

I am our company’s only practicing lawyer at the moment, but I am not the only source of lawyer empathy. Jae has been working with thousands of lawyers for many years, and she brings a different type of lawyer empathy from working with them in close quarters to improve their business outcomes, and our team has significant experience in the legal industry.

It’s true that most legal tech startups don’t have a head of legal at this stage. Because I do wear that hat in this early-stage moment for us, I have a shallow but broad vantage point to think about everything that clients manage on a much bigger scale: corporate formation, tax, procurement and revenue agreements, cap table and investor relations, data governance and security, employment. We are building an AI product, so from a legal perspective, I help us navigate the tip of the spear that customers are looking for in relatively new AI reps and warranties.

With all that said, it’s not easy to point to a set of unique insights I’m granted. If there is one, it is this: lawyers are not to be stereotyped in a uniform psychographic. Notwithstanding the good emerging body of behavioral science around lawyer temperament, lawyers are a diverse bunch. We approach and perform our work in pretty different ways. Our product takes that diversity seriously, as the context and idiosyncrasies around lawyers alter the guidance delivered from our AI commercial coach.

You’ve spoken about legal AI sitting on multiple, overlapping hype cycles, with different buyers talking past each other. With so many competing hype cycles around legal AI, what’s the one thing you’d tell buyers to pay attention to?

Buyers at law firms, like chief innovation officers or CIOs, are getting buried in pilots to make sense of the current state of the art and equally buried in the demands for AI that clients and partners are bringing with urgency. AI is still progressing rapidly, with new breakthroughs and advances on a monthly basis, and the way that inflects how legal tech is racing to keep up creates new crests and valleys across categories of legal AI. Most of all, we observe a convergence of building, buying and using AI in law, a topic we’ll discuss more in the market in coming months.

But the market map is far from mature, and with the convergence comes category blur – buyers are no longer talking about document management, knowledge management, transactional workflow automation, drafting tools for litigation, and legal research as discrete categories. The questions feel more like apples to cheeseburgers: do we choose Harvey, or do we build our own proprietary AI system? Or do we lean into a partnership with OpenAI or Anthropic, or do we utilise the AI being built into our DMS?
And it’s important to remember that it wasn’t always like that. While some solutions always pushed the bounds of categories, a law firm or legal team could put together an RFI and identify a set of leading players that they should consider. A buyer could send someone to a trade show (like LegalTechTalk), have them focus on a single wing of the exhibit hall, collect collateral and see demos of a set of tools, then come back with an impression. Today, that’s a nearly impossible task.

Unlike previous cycles of technology disruption, firms must act – the cost of inaction is the greatest risk. So, the answer will sound obvious: buyers must pay attention to their own users, their clients, their assets against data and talent, and the strategic priorities of their firm. Once that is well understood, they can narrow the scope and shorten the cycle to identifying, piloting and buying.

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