Jim Chiang's guest appearances

Jim Chiang

Fringe Legal

Legal Tech StartUp Focus Podcast

Legal Design Podcast

Giles Thompson

Michele DeStefano

Maya Markovich

Mike Whelan

Peter Buck

David Chan

Ben White

Dale Miller

Laura Collins

Michael Doherty

Michael Levy

Kevin Miller

Matt Waldman

Dan Jackson

Stevie Ghiassi

OwlTail

We kick off the new season with Jim Chiang, the CEO and Founder of My Legal Einstein. Jim is an AI pioneer with over 20 years of experience in big data analytics and AI algorithm development. He walks us through how the Legal Industry could benefit from AI and how it will make law better for lawyers and the end-users of law. His examples are so practical that AI finally makes sense! But do us lawyers have to set our alarm clocks on for tomorrow or are the robots going to take over our jobs overnight? And what about legal designers, will AI and new technologies steal jobs from legal designers too?

We kick off the new season with Jim Chiang, the CEO and Founder of My Legal Einstein. Jim is an AI pioneer with over 20 years of experience in big data analytics and AI algorithm development. He walks us through how the Legal Industry could benefit from AI and how it will make law better for lawyers and the end-users of law. His examples are so practical that AI finally makes sense! But do us lawyers have to set our alarm clocks on for tomorrow or are the robots going to take over our jobs overnight? And what about legal designers, will AI and new technologies steal jobs from legal designers too?

Episode 19: Will AI Cause Lawyer Extinction, Jim Chiang?

In this episode of the Legal Tech StartUp Focus Podcast (www.legaltechstartupfocus.com/podcast), Charlie Uniman, your podcast host, interviews Jim Chiang, founder and CEO of My Legal Einstein (www.mylegaleinstein.com). As My Legal Einstein puts it on its website, the company " . . . is an online software technology company . . . that leverages the latest AI NLP technology to transform the legal contract collaboration and negotiation process." The episode begins with Jim describing his professional journey in founding My Legal Einstein. Jim, with an engineering degree from MIT in hand, started his career by working (outside legal tech) on the application of AI to video streaming. This work expanded into Jim's taking an interest in AI's applicability to data beyond the video streaming space. After exploring AI's application to still images and sound, Jim became intrigued by how AI can be applied commercially to written text. And, from there, it was a short step for Jim to understand how, with the law's everyday involvement with large language data sets, AI was a "natural" when it came to helping lawyers wrangle with contract management issues. Jim next takes listeners on a tour of My Legal Einstein's product offering. Here we learn that My Legal Einstein's mission overall is to make AI, and it application to contract management, readily accessible to lawyers. In fact, making "access to AI" easy and intuitive for lawyers is one of My Legal Einstein's core values. We also learn from Jim how My Legal Einstein assists lawyers' contract review work with contract clause extraction and collaboration tools that can be up and running within five minutes of a law firm's or legal department's signing into My Legal Einstein. As Jim, explains, shortening "time-to-value" for the My Legal Einstein customer is another core value for Jim's company, with the company achieving this time-to-value acceleration by - among other features - flattening the learning curve for putting My Legal Einstein to use. Jim tells tells us that one of My Legal Einstein's features is a built-in messaging service that sends extracted clauses to the client's business people with no need to "switch apps." As a web-based service, hosted by Google Cloud, Jim notes that My Legal Einstein necessarily takes privacy and security needs very seriously and even adds application-level security features to those that Google Cloud itself provides. Jim points out that My Legal Einstein offers a monthly subscription for its services (thereby avoiding long-term customers contract lock-in). And, as Jim notes further, his company also offers a free 30-day trial. The conversation next turns to how My Legal Einstein markets its product. Jim here talks about how the company makes itself known to potential customers by leveraging its AI know-how to provide educational content (in what Jim describes as an almost CLE-style) through various media (including presentations to bar association members) that familiarizes lawyers with AI's use in legal practice and dispels misunderstandings that foster distrust and even "fear" of AI among lawyers. The podcast concludes with Jim describing how he's most proud of My Legal Einstein's fast achievement of product-market fit and the company's respect for its customers when it comes both to avoiding marketing hype about AI and to educating lawyers about AI.

In this episode of the Legal Tech StartUp Focus Podcast (<a href="http://www.legaltechstartupfocus.com/podcast" rel="nofollow" target="_blank">www.legaltechstartupfocus.com/podcast</a>), Charlie Uniman, your podcast host, interviews Jim Chiang, founder and CEO of My Legal Einstein (<a href="http://www.mylegaleinstein.com" rel="nofollow" target="_blank">www.mylegaleinstein.com</a>). As My Legal Einstein puts it on its website, the company " . . . is an online software technology company . . . that leverages the latest AI NLP technology to transform the legal contract collaboration and negotiation process." The episode begins with Jim describing his professional journey in founding My Legal Einstein. Jim, with an engineering degree from MIT in hand, started his career by working (outside legal tech) on the application of AI to video streaming. This work expanded into Jim's taking an interest in AI's applicability to data beyond the video streaming space. After exploring AI's application to still images and sound, Jim became intrigued by how AI can be applied commercially to written text. And, from there, it was a short step for Jim to understand how, with the law's everyday involvement with large language data sets, AI was a "natural" when it came to helping lawyers wrangle with contract management issues. Jim next takes listeners on a tour of My Legal Einstein's product offering. Here we learn that My Legal Einstein's mission overall is to make AI, and it application to contract management, readily accessible to lawyers. In fact, making "access to AI" easy and intuitive for lawyers is one of My Legal Einstein's core values. We also learn from Jim how My Legal Einstein assists lawyers' contract review work with contract clause extraction and collaboration tools that can be up and running within five minutes of a law firm's or legal department's signing into My Legal Einstein. As Jim, explains, shortening "time-to-value" for the My Legal Einstein customer is another core value for Jim's company, with the company achieving this time-to-value acceleration by - among other features - flattening the learning curve for putting My Legal Einstein to use. Jim tells tells us that one of My Legal Einstein's features is a built-in messaging service that sends extracted clauses to the client's business people with no need to "switch apps." As a web-based service, hosted by Google Cloud, Jim notes that My Legal Einstein necessarily takes privacy and security needs very seriously and even adds application-level security features to those that Google Cloud itself provides. Jim points out that My Legal Einstein offers a monthly subscription for its services (thereby avoiding long-term customers contract lock-in). And, as Jim notes further, his company also offers a free 30-day trial. The conversation next turns to how My Legal Einstein markets its product. Jim here talks about how the company makes itself known to potential customers by leveraging its AI know-how to provide educational content (in what Jim describes as an almost CLE-style) through various media (including presentations to bar association members) that familiarizes lawyers with AI's use in legal practice and dispels misunderstandings that foster distrust and even "fear" of AI among lawyers. The podcast concludes with Jim describing how he's most proud of My Legal Einstein's fast achievement of product-market fit and the company's respect for its customers when it comes both to avoiding marketing hype about AI and to educating lawyers about AI.

Ep 028 Interview with Jim Chiang Founder and CEO of My Legal Einstein

Jim Chiang is the founder of My Legal Einstein, an AI-powered legal contract review tool. “So when you think about a time the value of that to actually have that much of a limiting factor in terms of getting to some point of value, you could have done a stand why Legal AI hasn't really gained a huge amount of adoption. So My Legal Einstein really is intended to have a user who never actually has heard of My Legal Einstein.They actually go onto a site, they register, they log in and then they get you to try our algorithms against any of their contracts that they actually see. And our proof of value is very instantaneous and assess that as soon as they actually find ways to navigate their own contracts, to try it on their own contracts and be able to gain value from it when things that they actually might've missed come up very much in an instant.And when you talk to you about time to value for AI solutions, you really want to make sure that they get to the aha moment where they say, ‘Oh, I miss something’. And that light bulb goes on. And that basically means that the AI has helped them to find something that they have missed before and that's a huge moment for us.”You can subscribe to the newsletter for free at FringeLegal.com/newsletter.Show notes Jim’s background and introduction to My Legal Einstein (01:33) How is My Legal Einstein different from other AI contract review tools (04:18) The challenges with delivery value, and how Jim approaches it (09:30) Algorithmic differentiation (12:08) Why focus on third party document (15:03) Future plans (18:28) “So my Legal Einstein really caught, differentiates a lot of punch for the pre-execution space because we're not really trying to be a better attorney. I would not try to tell the attorney what to do, but we actually tried to augment the attorney’s intelligence in terms of being able to address a lot of the intelligence and aspects of the mundane aspects”.  The full transcript for the episode is included below. If it is cut by your podcast player, you can find it at www.FringeLegal.com

<a href="https://www.linkedin.com/in/jichiang/" rel="nofollow" target="_blank">Jim Chiang</a> is the founder of <a href="https://www.mylegaleinstein.com/" rel="nofollow" target="_blank">My Legal Einstein</a>, an AI-powered legal contract review tool.  “So when you think about a time the value of that to actually have that much of a limiting factor in terms of getting to some point of value, you could have done a stand why Legal AI hasn't really gained a huge amount of adoption. So My Legal Einstein really is intended to have a user who never actually has heard of My Legal Einstein.They actually go onto a site, they register, they log in and then they get you to try our algorithms against any of their contracts that they actually see. And our proof of value is very instantaneous and assess that as soon as they actually find ways to navigate their own contracts, to try it on their own contracts and be able to gain value from it when things that they actually might've missed come up very much in an instant.And when you talk to you about time to value for AI solutions, you really want to make sure that they get to the aha moment where they say, ‘Oh, I miss something’. And that light bulb goes on. And that basically means that the AI has helped them to find something that they have missed before and that's a huge moment for us.” You can subscribe to the newsletter for free at <a href="http://www.fringelegal.com/newsletter" rel="nofollow" target="_blank">FringeLegal.com/newsletter</a>. Show notes <ul> <li>Jim’s background and introduction to My Legal Einstein (01:33)</li> <li>How is My Legal Einstein different from other AI contract review tools (04:18)</li> <li>The challenges with delivery value, and how Jim approaches it (09:30)</li> <li>Algorithmic differentiation (12:08)</li> <li>Why focus on third party document (15:03)</li> <li>Future plans (18:28)</li> </ul> “So my Legal Einstein really caught, differentiates a lot of punch for the pre-execution space because we're not really trying to be a better attorney. I would not try to tell the attorney what to do, but we actually tried to augment the attorney’s intelligence in terms of being able to address a lot of the intelligence and aspects of the mundane aspects”.  The full transcript for the episode is included below. If it is cut by your podcast player, you can find it at <a href="https://www.fringelegal.com/" rel="nofollow" target="_blank">www.FringeLegal.com</a>

Delivering quick time to value using AI tools with Jim Chiang of My Legal Einstein