In the September edition of Law Technology Now, attorney Monica Bay, editor-in-chief of ALM’s Law Technology News, interviews Robert Siegel, general partner at Xseed Capital about how Silicon Valley is becoming a hot bed of legal technology startups. With two major Bay Area universities — Stanford and the University of California Berkeley, both with strong synergies among their law schools and computer, engineering, and design departments — innovative law firms and venture capitalists are ready to collaborate, and the sky is the limit, says Siegel.
He explains how these dynamics combine to create opportunities for legal technology lawyers and vendors, and financiers, and how collaborations can result in companies like Lex Machina. They are creating technology products that ultimately help not just the legal community (lawyers, government, academia, and business) do better, faster, and cheaper work, but benefit consumers and businesses, as well. And for innovators and entrepreneurs, he offers concrete advice about how to best approach venture capitalists to successfully get them to yes.
In the Law Technology News June cover story, “Silicon Startups,” reporter Tam Harbert describes how Stanford University’s Law School has become the “vortex” for entrepreneurship in legal technology. The law school has joined forces with the University’s engineering and computer science departments to create the Center for Legal Informatics laboratory — dubbed Code X. Among the results is Lex Machina, a startup offering a rich database of intellectual property litigation information that helps law firms, corporate counsel, and the government refine their trial and settlement strategies. The company just completed a second round of funding, infusing $4.8 million into its war chest. Law Technology News Editor-in-Chief Monica Bay welcomes attorney Roland Vogl, executive director of Code X, to discuss this exciting project on the June edition of Law Technology Now.