By Julie Bort | Tech Crunch
The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth with a $5.8 million seed round led by Sequoia, is perhaps the most extreme example of what’s coming that we’ve seen to date.
Crosby isn’t just making AI software for lawyers — although it is doing that. Crosby is an actual law firm using AI to provide legal services at a speed never before possible.
Rather than selling tech to lawyers, Crosby has hired lawyers who use its internally developed AI software. It sells contract-review legal services, largely to startups. The company is currently promising that its AI software, with human overseers, can review a new client contract in under an hour. And it hopes to get that down even faster — perhaps to just minutes, according to its co-founder CTO John Sarihan, who spoke with TechCrunch.
Rose Law Group Director of Corporate Transactions Shruti Gurudanti had this to say to RLGR:
“Crosby’s model is interesting, but when the law firm and the tech platform are separate entities, clients should be asking: Who’s really representing me? The lawyer or the software company?”
