2849: PocketLaw: Revolutionizing Legal Workflows with Technology
Tech Talks DailyMarch 31, 2024
2849
36:0020.82 MB

2849: PocketLaw: Revolutionizing Legal Workflows with Technology

In a world where the pace of technological advancement often outstrips the ability of industries to adapt, the legal sector stands on the brink of a transformative era. This episode of Tech Talks Daily features Kira Unger, CEO and co-founder of PocketLaw, a pioneering force in the legal tech space, aiming to redefine how legal teams operate. With a mission to democratize legal services through technology, PocketLaw combines the power of AI, automation, and data to streamline legal workflows, making them more efficient, cost-effective, and accessible.

Kira, alongside her childhood friend and business partner Olga, has embarked on a journey to tackle the legacy industry's resistance to change. Together, they've navigated the challenges of digitizing an industry steeped in tradition, leveraging their complementary skillsets to build a solution that not only meets but exceeds the evolving demands of legal teams worldwide.

The conversation delves into the heart of PocketLaw's vision: to augment human capabilities within the legal industry rather than replace them. Kira underscores the importance of embracing state-of-the-art technologies, including large language models, to ensure the accuracy and reliability of legal tech solutions. By automating repetitive tasks, PocketLaw empowers legal teams to focus on high-value strategic work, transforming them from cost centers into true business partners.

Kira shares insights into the founding and growth of PocketLaw, the impact of AI on the legal industry, and the future of AI and legal experts working together. She also addresses the unique dynamics of starting a SaaS company with a lifelong friend, the challenges of transforming a legacy industry, and how technology is cutting business legal costs in an era of rising inflation.

As we explore the shifting role of legal teams and the adoption of new technology, Kira offers her expertise on digitizing legacy industries, the intersection of AI and law, and the societal impact of these changes. PocketLaw's holistic, user-friendly solution exemplifies the potential for legal tech to make a significant, positive difference in how legal work is done, paving the way for a more efficient, inclusive, and adaptable legal landscape.

Join us in this thought-provoking episode as we uncover how PocketLaw is leading the charge in legal tech innovation, enabling a future where legal services are more accessible, efficient, and aligned with the needs of businesses and individuals alike. How can technology further transform the legal industry and what does the future hold for legal professionals in this evolving digital age? Share your thoughts and join the conversation on the role of innovation in driving legal and societal progress.

[00:00:00] Have you ever wondered what it takes to challenge the status quo of a traditional industry? Well,

[00:00:08] today I want to dive deep into the world of legal tech, an arena that has long been right

[00:00:14] for innovation and yet arguably resistant to change. And I say arguably because I think

[00:00:20] it had that reputation before. But this is changing now. And today I'm joined by Kira Unger.

[00:00:27] She is the co-founder and CEO of a company called Pocket Law. And she's taken on the formidable

[00:00:32] challenge head on and alongside her childhood best friend, she embarked on a journey to digitise

[00:00:38] the legal industry and leveraging AI to transform how legal services are delivered. But how does

[00:00:45] one navigate the unique dynamics of starting a SaaS company with a lifelong friend? What does it

[00:00:51] mean to bring technological innovation to an industry known for its conservatism?

[00:00:56] And most importantly, how is Pocket Law cutting through the noise to reduce legal cost for businesses

[00:01:03] while enhancing efficiency and reliability? Because at a time where so many businesses are looking

[00:01:08] at doing more with less, I think every single tech project now is under close scrutiny for the

[00:01:14] business value and ROI that it delivers. So today I invite you to join me as we uncover the layers

[00:01:21] of digitising legacy industries, the intersection of AI and law. And also of course the evolving

[00:01:28] role of legal teams in the face of technological advancement. But before we get today's guest on

[00:01:34] I need to pay the bills. We've got a huge podcast hosting fee to pay for when we're releasing 30

[00:01:40] episodes a month. And this month I've partnered with a company called Kiteworks. Now legacy

[00:01:46] MFT tools are dated and lack the security that today's remote workforce demands. So companies

[00:01:52] that continue relying on outdated technology though, they put their sensitive data at risk. And in

[00:01:57] a world where digital threats evolve daily, the need for a secure modern solution has never been

[00:02:02] more pressing. Well enter Kiteworks, the beacon of security and efficiency in managed file transfer

[00:02:08] and Kiteworks isn't just any MFT solution. With its FedRAMM Modra authorisation awarded by the

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[00:02:21] is not just a badge it's a promise of unparalleled protection for your data offering a fast track

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[00:02:45] that's kiteworks.com to get you started today. So buckle up and hold on tight because no matter

[00:02:52] where you're listening in the world, I invite you to join me in Stockholm, Sweden. Where cure

[00:02:57] is waiting to share her story? So a massively warm welcome to the show. Can you tell everyone

[00:03:04] listening a little about who you are? Add what you do? Absolutely great sphere. Thanks for having me.

[00:03:09] I'm Kiranger and I'm the CEO co-founder of Puk Kitelo. I'm and I'm from Stockholm, Sweden.

[00:03:15] Puk Kitelo is a legal management platform that uses AI to allow teams to manage contract and

[00:03:22] legal workflows in a more efficient scalable and use friendly way by providing them with intuitive

[00:03:29] self-soc tools, automation, data and AI. Well it's a pleasure having you on the podcast.

[00:03:34] One of the things I love doing on here is busting a few myths and I've been doing this for

[00:03:39] nearly nine years now, 3000 interviews almost. I've spoken to some people about legal tech over the

[00:03:45] years but traditionally the legal world has had somewhat of a reputation for being resistant to change.

[00:03:51] So I've got to ask is that still the case? Have things moved on and if we go back in time what would

[00:03:57] you say the most significant challenges that you faced when digitising your sector to

[00:04:02] additionally resistant to change and how are you able to navigate some of those challenges and

[00:04:06] maybe even unlock a few opportunities along the way? Can you share that story with me?

[00:04:12] Yes, absolutely. And Nilear Rhearright of course it's been challenging to disrupt an industry and

[00:04:19] as you said historically has been quite resistant to change. However though with notice that I think

[00:04:26] we've seen a shift and I think we've entered into a new era of legal which is very exciting to

[00:04:32] be part of. Going back to how we first got into the industries that I was used to work as an

[00:04:38] M&A lawyer at one of the Nordics leading business role firms. And at the firm I witnessed how every

[00:04:44] company that we work with in every single transaction all faced the same challenges and made the same

[00:04:49] mistakes and what they all had in common was that they used multiple unconnected legal software

[00:04:54] solutions or they relied entirely on manual processes. And it was a very very painful manual and

[00:05:00] costly for this thing. And meanwhile like Olga my co-founder she was part of a McKinsey digital

[00:05:09] labs so she got exposed to traditional industries going through digital transformations. So when we

[00:05:17] kind of exchange ideas and experiences that's when we dive into the more into the legal thing

[00:05:24] space and some of the challenges that we noticed was that when it comes to legal in business there's

[00:05:31] a prevalence for manual processes and discreet tools used for legal work so many many businesses still

[00:05:37] cling on to outdated processes using email exchange, value workflows, word and so on. And many have

[00:05:46] tried to use some tools to solve parts of the problem. And then the second challenge that we

[00:05:52] note this was that there is a lack of experience both in seeing the benefits of using

[00:05:57] technology in your daily work but also the lack of experience of actually buying the software.

[00:06:03] And this leads to lack of confidence and in some cases we're planning of change management

[00:06:08] resulting in you know failed adoptions or implementations and so on. And the third problem

[00:06:13] with we noticed was that how the problem is being approached. So what we've seen is that both

[00:06:20] lawyers and legal tech vendors often approach the problem in the wrong way. So they think of things

[00:06:26] as legal problems rather than business challenges and business opportunities, right?

[00:06:31] So this leads to lack of involving the right stakeholders in the early stages of finding your

[00:06:38] tech solutions and this results in lack of understanding of you know the businesses, the wider

[00:06:44] business as needs and how they can do things better. I mean because legal is not like always

[00:06:50] supposed to be managed in a silo in the country, legally something that should run smoothly across

[00:06:54] the entire organization instead of finance marketing HR and so on. But first legal first

[00:07:00] generation legal solutions were typically bent by legal teams for legal teams. So we saw big

[00:07:07] an opportunity when we looked into the legal tech market back in 2018 to build a pocket law with

[00:07:14] a revolutionary approach to legal software. Recognizing the need for a comprehensive legal tech

[00:07:20] platform that addresses the challenges faced by teams every day and that have that are you know

[00:07:26] incredibly easy to implement a road doubt in any team or in the organization. And yeah also

[00:07:35] I guess when it comes to and this way we were able to enable in-house teams to automate,

[00:07:43] standardize seven and huge amount of time and allowing them to transition from being more of a

[00:07:49] perceived bottleneck and their reactive support function to a team that can facilitate opportunities

[00:07:55] across the organization. And also enabling the legal teams to increase their autonomy in business

[00:08:00] team by providing them with intuitive self-sof tools, essentially eliminating bottlenecks,

[00:08:06] driving productivity, reducing human errors and increasing overall productivity in the team.

[00:08:12] So our mission from the start has always been to transform legal work for the world's teams and

[00:08:18] it's been an incredible exciting journey although of course challenging. But I guess that's also

[00:08:23] the reality right that the bigger the challenge, the bigger the opportunity

[00:08:27] and we can't control what challenges we will face so we must focus on what is within our control

[00:08:33] and recognize the hurdles ahead tackle them practically and make sure that we can turn

[00:08:40] challenges into our advantage. 100% with you and something else we've got to mention of course

[00:08:46] especially with this being a tech podcast is AI I think it was about 12 months ago, AI or

[00:08:52] generative AI was able to outperform lawyers in passing the bar exam and then is that ability to

[00:08:58] shift through thousands and thousands of documents quicker and more accurately than some in the

[00:09:05] legal industry. So in the context of AI's rapid advancements I'm curious you're someone writing

[00:09:10] that the eye of the storm here how do you see reshot taping the legal industry and what steps

[00:09:14] your legal professionals take to yes and race AI but also address foe mo fear of messing up and

[00:09:21] ensuring that accuracy and reliability in their services because that is paramount in this industry

[00:09:27] isn't it it's not something that you can take a gamble on. Yes absolutely and naturally I share

[00:09:33] your excitement with the recent advancements in AI it's been I mean it's been a game changer for

[00:09:39] us as a company and for the industry as a whole I've never believed that AI or technology will

[00:09:45] replace lawyers or in house teams but lawyers and in house teams using AI will replace those that

[00:09:53] don't and we found a pocket loan when we found a pocket loan in 2018 we received actually a grant

[00:10:00] from the from the Swedish government of 200,000 pounds to start an AI first legal tech company

[00:10:06] because of this you know strong conviction that AI can really augment the capabilities

[00:10:13] of of anything and empowering you to do things that just wasn't humanly possible before.

[00:10:19] So by using AI you can do things with a consistent speed and efficiency with higher

[00:10:24] consistency liberating use from you know repetitive and tedious work and essentially you'll see

[00:10:32] a significant increase in productivity in your tie it's in if you adopt the right technology

[00:10:37] and in the right way. So an example is that we we had a customer that had spent the whole morning

[00:10:45] reviewing a contract to figure out some inconsistencies that they found and then they used instead of play

[00:10:52] which is our AI assistant and instead of ours they figured out the problem in three seconds.

[00:11:00] Wow so this is an example of like doing something that used to take hours that can be done

[00:11:06] in seconds and I think it just doesn't make sense to do legal work in any other way.

[00:11:13] However though to your point on accuracy like that's of course incredibly important when it comes

[00:11:18] to legal work. More important than probably in in most other industries to be honest and

[00:11:25] there is a lot of legacy software in the market that really struggles with accuracy.

[00:11:29] There is and for this is primarily like they've developed the solutions on top of their own algorithms

[00:11:35] instead of using large language models which you know has only ever been available in the past

[00:11:42] a little bit more than a year. So if I'd give any like advice to legal professionals or teams

[00:11:50] out there looking for a solution an AI solution that could augment the capabilities of their team

[00:11:55] and spit up their productivity it's really to choose a vendor that uses state-of-the-art technology

[00:12:01] and the large language models with so that you can ensure that they're building products with

[00:12:07] high accuracy and reliability then the second thing would be you know software is really useless

[00:12:13] if no one can adopt it so make sure they use shoes of solution that's very intuitive

[00:12:18] I use it friendly so that anything in your organization can use it with confidence

[00:12:24] and then I guess the last thing would be like we're in this new year of technology

[00:12:28] so embracing AI is a really a choice. It's an opportunity that's too great to miss out on

[00:12:35] so it's time to shed or like a apprehension and just welcome this change and do it together with

[00:12:43] doing a way that can define the next chapter in your career. And if we just take a step back from

[00:12:49] the technology from a moment before you came on the podcast I did a little research on you because

[00:12:54] I always like to find out a little bit more about the origin story of my guest and how they got started

[00:13:00] the world of tech and I know it's that you started a business with a childhood friend which

[00:13:04] films quite unique so can you tell me a little bit more about how that relationship might have

[00:13:09] influenced the foundation and growth of pocket law and any advice you'd give to anybody else out

[00:13:14] there that might be listening considering entering into business with close personal friends

[00:13:18] all family and has your friendships survived over the years working in this eye pressure environment.

[00:13:24] Yeah no I'm not talking about this because I could not imagine doing this year with Olga.

[00:13:31] She's always been you know since I was very young so with knowing each other since I was seven

[00:13:36] years old she's been the source of strength and motivation for me and like I 100% believe that our

[00:13:46] relationship has been a bedrock of populous foundation and growth and we've always had a strong

[00:13:53] relationship she's actually to me she's more of an older sister than a friend and you know our

[00:14:00] shared history and kind of the understanding and trust that we've built up over the years I think

[00:14:05] has been critical in helping us navigate the complexities of building a successful company

[00:14:13] in the way that we've done it and being able to have to maintain the confidence determination

[00:14:20] and resilience over time ask you as if there's different challenges and in the journey and actually

[00:14:28] I think what I'm one of the things that I'm most proud of is that when we when we face some

[00:14:34] additional challenges I think you know you always believe that you you can always believe that

[00:14:40] you have a strong relationship but it's not until you're tested it's tested that you will know for sure

[00:14:45] and last year we had to go through some some really tough decisions and challenges as we scale

[00:14:51] the business and I think handling those and seeing how we handle those together is to me that

[00:14:57] they're a really strong belief or strong testament of our relationship so but for those entering if

[00:15:04] I'd give any advice and you know I get this question a lot actually if I'd you know the advice I'd

[00:15:09] give to to founders or people thinking about starting a business with with their friend or

[00:15:15] partner and I think my my advice would be find someone who really compliments you and that you can

[00:15:23] someone that you can trust and work with over time because the journey that you're that you're

[00:15:29] starting on is probably going to be quite long and full of trenches and then you want someone

[00:15:34] who can be strong support and ally on that journey the one thing to do is to make sure that you

[00:15:40] align on goals and expectations and potential challenges before starting the company so that

[00:15:46] you can make sure that you have the same view of how you're going to build this business before

[00:15:53] actually building it or starting to build it so that's going beyond just starting signing a

[00:15:58] shareholder's agreements would be to actually list down the things that you think are important

[00:16:03] and and and the goals that you have for the business long term then secondly we always make sure

[00:16:09] that we have regular one to once that are you know open honest and transparent and at least one

[00:16:15] a year makes one time per year really make sure that you calibrate because your roles and the job

[00:16:20] changes so fast as you scale the company so it's important to have a checking where you make sure

[00:16:25] that you're still in alignment then the things that you want to do together and then lastly we just

[00:16:31] of course make sure they can be healthy balance between your personal and professional life which

[00:16:36] can be challenging sometimes particularly when you love work and there's so many interesting things

[00:16:41] to talk about and so that's the advice I'd give and really you know recognize and leverage each

[00:16:49] others strength and and different the capabilities and experiences that's really allowed us I think

[00:16:55] to be a quite unique match for building a company is the different backgrounds and experiences

[00:17:01] and personal traits that we also have and share. Wow and I just love the journey that you've been

[00:17:08] on here it's absolutely incredible so much has changed over the years since you started and more

[00:17:15] recently of course we've got things like the rising inflation and escalating business expenses so

[00:17:21] I've got a way how will you put pocket law adapting and positioning yourself as a solution for

[00:17:27] helping to cut legal costs by leveraging technology and but anybody listening on the lookout

[00:17:33] for your services that any examples of of how technology is making legal services more affordable

[00:17:39] and ultimately more efficient for businesses. Yes I think particularly in the legal space there's

[00:17:45] an interesting momentum in the market at the moment because of course legal costs are you know

[00:17:51] notorious and legitives are often unfairly seen as a cost center why adopting technology to avoid

[00:17:58] overhiring and ensuring you know increased productivity and the risk processes has become

[00:18:04] by critical but there's also an increased demand from the legal teams themselves themselves and

[00:18:10] this is really so what is interesting is that currently there is an increase so the legal

[00:18:19] landscape is becoming increasingly complex and at the same time the business demand is increasing

[00:18:25] and there's a pressure to cut costs so legal teams are asked to do essentially

[00:18:31] holds more but with less than ever before why adopting technology is of course one of the

[00:18:38] has become paramount for these teams and I think our approach to cost-cutting goes even further

[00:18:47] than the promise of ROI or return of investment so we believe that this day's you need to prove

[00:18:53] the cost of inaction and real savings of using our technology and I'll give you an example so

[00:19:00] we had a customer that had missed three office list says being renewed last year costing them

[00:19:07] several hundreds of thousands of pounds and we also consistently see customers missing software

[00:19:14] renewals for tens of thousands of pounds as well so if there's only on one occasion it's a mistake

[00:19:21] but if there's a pattern you need to treat it as a real cost and that's a really difficult cost

[00:19:27] to budget for so that's when you have a cost of inaction that you need to deal with so

[00:19:33] with pocket law the way that we tackle this is that you can streamline contract workflows using

[00:19:39] automation you can empower every team and in organization to with intuitive self-so tools so

[00:19:45] allowing them to do work more autonomously eliminating botanics or so on you can review a markup

[00:19:51] contracts using AI driven playbooks for negotiation and cutting time on contract negotiations

[00:19:58] significantly you can use a centralized AI driven repository which is a way to give you

[00:20:04] full visibility of all your contractual obligations risks and deviations you can also use discovery

[00:20:12] solutions so that our AI powered search for problems and discovering solutions to different

[00:20:19] problems that you face so most of these products means that you can do tasks that previously took

[00:20:26] you hours maybe even days in minutes and to me it just doesn't make sense to do legal in any other

[00:20:35] way because this way you'll be able to automate away a lot of the work free up time in your team for

[00:20:41] more high value work you can delegate things more internally but with while maintaining control

[00:20:48] so actually decreasing the risk of human errors and increasing the quality you can also shift

[00:20:54] more legal work in house by increasing the knowledge and autonomy in your in your teams

[00:21:02] and essentially one of the most important points is also to free up capacity of your senior legal

[00:21:08] team so that they're able to drive more strategic business decisions so these are just

[00:21:14] a six-ampusable the benefits that you'll see which will increase productivity efficiency happiness

[00:21:21] in the teams but also cost and one of our customers secret skips and said that popular provided

[00:21:30] their business with by provided their business with the self-sort tools that allows the legal team

[00:21:36] to have capacity for more high value work so is that a question yes yeah yeah

[00:21:43] and during the conversations all the many conversations that I've had on this podcast with people

[00:21:48] throughout the industry are one of the things that I've seen as well is the role of general councils

[00:21:52] and legal teams he's rapidly evolving often driven by the increasing demands to do more with less

[00:22:00] of course that's something that a lot of businesses are focusing on now so again how would you

[00:22:05] see technology particularly solutions like pocket law empowering these teams to make these

[00:22:11] meet these new expectations and drive digitization within their organization because

[00:22:16] it's quite a tricky balance isn't it everyone wants to adopt it I don't want to adopt the latest

[00:22:21] technologies be more efficient but equally they've got budget constraints at the same time so

[00:22:25] what are you seeing here no absolutely oh it's it's an incredibly exciting time for

[00:22:31] for legal teams and for general councils and as you said the experience I think they're going

[00:22:37] through a big shift at the moment and I have been doing so for a while and I think it's a it's

[00:22:43] a huge opportunity for these teams to become like a real business partner for the company that they

[00:22:51] work for because it's an interesting time for for legal teams across the world really where the

[00:22:58] regulatory landscape is becoming more complex business demand is increasing in all

[00:23:03] while you need to consistently cut costs so this is why making sure that your teams are really

[00:23:10] taking able that the driven in a power for it becomes paramount and because the things that you

[00:23:18] the only way to truly to truly cut costs whilst making sure that you can actively defend

[00:23:23] the company will be able to is to adopt technology and I think that's why we've seen this incredible

[00:23:30] momentum in legal technology solutions like pocket law enable in house teams to ultimate most of

[00:23:35] their standardized workflows including everything from creating negotiating and signing your contracts

[00:23:42] as well as having one centralized place for legal intelligence saving them huge amounts of

[00:23:49] time and allowing them to transition from the perceived being a pursuit of center and support

[00:23:56] function to an opportunity facility to that practically defense the company and they can also

[00:24:03] use technology to enable teams to increase to an and legal platforms is also way for

[00:24:10] legal teams to increase autonomy in businesses by empowering them with intuitive self-sortual

[00:24:16] automation data and AI and this way they can eliminate friction in the business they can

[00:24:22] eliminate bottlenecks drive productivity reduce human errors and making collaborations across

[00:24:28] organizations more seamless than ever before so this way you can avoid unknown costs from

[00:24:39] legal risks that you have in the company you can also avoid mistakes that happen by using

[00:24:47] ticklons you can avoid mistakes that happen regularly that will be very costly and as I said earlier

[00:24:53] you've been on an incredible journey and I love how you've developed a SaaS platform specifically

[00:24:57] designed for the legal industry and I'm curious any unique advantages or challenges that you've

[00:25:02] experienced along the way and ultimately how is it enabled you at pocket law to make yourself stand

[00:25:08] out in this highly competitive space anything you can share around that and what makes you different

[00:25:13] from other solutions out there yeah so organ i brought a law a big amount of first-hand experiences

[00:25:19] from our respective careers so all got with background as managed by consultant focusing on

[00:25:24] digital strategies and being an m&a lawyer and being exposed to many teams dealing with legal

[00:25:31] challenges so I think we we really understood both the impact of digital transformation as well

[00:25:39] as the nuances of the legal world which gave us fairly unique advantage I think to to tell your

[00:25:45] popular to address specific pain points and our vision with popular has always been to build the one

[00:25:52] system for legal leveraging AI and large language models and design for every user and how we are

[00:25:58] different is that we are the only truly end-to-end legal platform in the market offering a complete

[00:26:05] suite of products and while many second-list I want many legacy tools to struggle with accuracy

[00:26:12] under their products the accuracy of ours are industry leading and finally I think we have the

[00:26:21] by far most intuitive and user friendly solution in the market which make it possible for anything

[00:26:27] to dot pocket law really really fast and we have customers saying that you know it feels like this

[00:26:32] product has been built for us so I think this like holistic approach and the deep understanding for

[00:26:38] the of the pins of our users has allowed us to to build pocket law in a revolutionary way and

[00:26:46] benefiting teams in which that's quite unique. As we look towards the future one of the things

[00:26:54] that attracted me to you is this collaboration between AI and human legal experts because I always

[00:26:59] say on this app it this podcast every day that technology works best when it brings people together

[00:27:04] I also think in your situation here I think AI works best when it complements rather than

[00:27:10] competes with those legal teams so if I was tasked you to look into a virtual crystal ball how do

[00:27:16] you envision that future collaboration between AI technologies and human legal experts and

[00:27:22] and also of course what measures do you think are necessary to ensure that this new synergy

[00:27:27] enhances the quality of legal services while also maintaining things like ethical standards and

[00:27:33] trust it's the less exciting things but it's equally so important isn't it to the industry.

[00:27:38] Definitely Neil and I agree with you I see AI as a powerful technology to augment human

[00:27:45] capabilities rather than them replacing it and when I look into the future I think it's never been

[00:27:52] harder than it's never been as hard as it is now to predict what will happen given the speed

[00:27:58] of the development I think has taken everyone by surprise so I think there's a huge responsibility

[00:28:04] on both workplaces as well as universities to ensure that we have a human-centered approach to AI

[00:28:11] and apply critical thinking of potential you know societal changes as a result of this

[00:28:18] technological advancements and I think when it comes to the legal world it's important to

[00:28:25] choose a software that ensures that your teams can meddle those ethical standards and trust

[00:28:34] in an efficient way because I don't think there is a way of stopping people from using this

[00:28:40] technology so you're rather have them using it in in a controlled environment.

[00:28:46] Given the regulatory complexities of the legal industry for any founders or business leaders

[00:28:52] listening to our conversation out there I've got to ask how do you personally in your partner here

[00:28:59] had you balanced innovation with compliance particularly it's so many different legal

[00:29:04] jurisdictions again I would imagine it is a huge nightmare and a real balancing act but anything

[00:29:09] could share on how you manage this. Absolutely so in the legal landscape like compliance is of

[00:29:15] course like no like all possible and it's complex to maintain that standard when you're

[00:29:25] operating across multiple jurisdictions and territories and so how we've and that's one of the

[00:29:33] many reasons why we started popular as well to provide businesses with a solution that makes it

[00:29:41] easier to scale legal services across across the the markets that you do operate as a business

[00:29:48] so how we've navigated this personally as we've built the product we have thought about the ways

[00:29:55] that we could make this more streamlined and efficient and then we have provided those tools

[00:30:02] and those solutions to tool for our customers so I think it's it's been a big responsibility for us

[00:30:08] and our team to find the right partners in local markets so that we could ensure compliance across

[00:30:14] the markets in jurisdictions that we do operate and when it comes so again never compromising on

[00:30:21] compliance when it comes to innovation however I think currently in Europe there is there is almost

[00:30:28] an obsessive lawmaking and what we need to also consider is the risks that we will fall behind

[00:30:35] other countries in the world if we restrict businesses too much when it comes to innovation so

[00:30:43] for example with AI as an example when it comes to AI legislations AI is treated quite generally

[00:30:50] whereas there are of course many subdominance to AI so I think that's an important thing to

[00:30:57] consider for Europe as we continue to see technological developments and breakthroughs

[00:31:04] and I think that has incredibly powerful moment to end on so thank you so much for sharing your

[00:31:09] insights today but before I let you go this is the point of the podcast where I ask you to leave

[00:31:14] one final gift to everyone listening and that is a book that means something to you that we can

[00:31:19] add to our Amazon wishlist or a song that maybe it's your power song whatever it is all I'm

[00:31:24] going to ask is what would you like to leave everyone listening with today and why?

[00:31:30] So what I'd like to leave everyone with is my number one favorite book seven habits of highly

[00:31:36] effective people by Stephen Colvey so this is a book that's been had a huge impact only personally

[00:31:45] and professionally and it's a book that goes through the seven habits for sustained and lasting

[00:31:50] success in both your personal and professional life and it includes stories examples or practical

[00:31:58] exercises that you can use to empower and this spire you to effectively lead yourself,

[00:32:06] influence, engage and collaborate with others and continuously work on your fundamental characteristics

[00:32:13] and bring you your capabilities and if I may instead of a song I would like to also name my second

[00:32:22] favorite book which is Outliers. Yes all right book isn't it yes.

[00:32:27] I'm glad to welcome glad to have you. But instead of naming my favorite song I will name my

[00:32:34] second favorite book and it's a book called Outliers by Malcolm Gladwell and it's an incredible

[00:32:43] incredibly powerful book that lives you with many thoughts and insights so highly recommend both

[00:32:49] of them. Yeah, it is a cracking book I've recently read that one myself well I will get them

[00:32:54] both added to our Amazon wishlist and for people listening just wanting to find out more

[00:32:59] information about Pocket Law maybe they want to ask your team a question or even connect with

[00:33:04] you online. Where would you like to point everyone listening? I'm you best your this is where to

[00:33:09] reach me is probably on LinkedIn where my handle is just Kira Unger. Fantastic well I will add a link

[00:33:17] to your LinkedIn and also to the Pocket Law website so people listening can find you nice and

[00:33:22] easily today and we've covered so much in a short amount of time from starting a SaaS company with

[00:33:27] your childhood friend transforming the legacy industry with technology and also discussing AI

[00:33:34] is impact on the legal industry and putting business legal costs with tech and new tech along

[00:33:40] the way as well. Fantastic journey you've been on and I know he's going to continue to evolve so

[00:33:45] I'm looking forward to seeing how things continue to reshape the industry over the next few years

[00:33:50] but more than anything just thank you for sharing your story today. Thank you so much Nellan,

[00:33:55] thank you for having me. So as we wrap up today's conversation with Kira I think it's clear that the

[00:34:00] journey of transforming a legacy industry is both challenging and rewarding and Pocket Law for me

[00:34:07] stands at the forefront of this transformation and I love how they're redefining the legal landscape

[00:34:12] through automation data and AI and I think it was Kira's insights though into founding a company with

[00:34:20] childhood friend overcoming that fear of messing up and leveraging technology to empower legal teams

[00:34:27] truly inspiring stuff and as we do look forward to the future where AI augments human capabilities

[00:34:34] compliments teams. I think it's evident that solutions like Pocket Law are not just about

[00:34:40] efficiency though they're also about enabling a more strategic proactive legal function so

[00:34:46] huge thank you to Kira for showing her vision, her experiences with us today and to each and

[00:34:51] every one of you listening how do you see technology reshaping industries that may have previously

[00:34:58] had a reputation for being resistant to change and have you experienced the direct impact of legal

[00:35:05] tech in your professional world please invite you to share your thoughts and join the conversation

[00:35:12] by emailing me tech blog writer outlook.com twitter linked in instagram just and nil see us nice

[00:35:18] and easy to connect with connect with me tell you what you thought of today's episode if you've

[00:35:22] got any questions if you want to come on the show all that stuff some year quick dear and of course

[00:35:27] our return again tomorrow will tackle a completely different industry a completely different

[00:35:32] technology and I invite you to join me again tomorrow but until next time this is Neil Hughes

[00:35:38] signing off from tech talks daily remember stay curious stay informed and keep pushing the boundaries

[00:35:45] of what's possible speak with you all tomorrow