Will AI change Legal Work Forever?: Joe Green, Chief Innovation Officer, Gunderson Dettmer
In this episode
Transcript
Introduction: 0:00
- Introducing Joe Green, Chief Innovation Officer at Gunderson Dettmer and Co-founder and Director of the Open Cap Table Coalition.
- Serving as Fund Advisor to the Legal Tech Fund, Board Advisor to Vikk AI and Aumni, and more.
- Debating whether the billable hour is a thing of the past.
Moving into a tech advisor role at Gunderson Dettmer after a career start at Simpson Thacher: 2:11
- Exploring the legal side of personal interests through pro bono work.
- Getting recruited to join Gunderson Dettmer before you were aware New York has a tech scene.
- Drawing interest from first-time entrepreneurs who recognized he had more operational experience to share.
Moving away from the standard legal path at Thomson Reuters: 5:38
- Moving laterally into legal publishing when all of your peers are pursuing partner roles.
- Considering a future in academia, publishing in law reviews, and applying for neuroscience phD programs.
- Using a writing opportunity to explore where you want to take your career.
Taking on side hustles that pull you towards tech and product: 8:43
- Working with a manager who lets you pursue business and product-related projects.
- Stepping into board advisory roles outside of his regular work.
- Finding creative ways of achieving your goals through the flexibility that isn’t available to practicing lawyers.
Founding the Open Cap Table Coalition: 11:59
- Organizing a leading group of law firm reps to develop a standardized cap table for tracking corporate ownership.
- Scaling the organization from ten to more than fifty members and being listed as a trade organization.
- Inviting participation from engineers through open source.
- Aligning stakeholders from competing law firms because everyone shared the pain of a core problem.
Rejoining Gunderson Dettmer and moving into the CIO role: 18:04
- Staying connected with Gunderson peers as he wrote about industry trends at Thomson Reuters and realizing they were tackling the same challenges.
- Finding reassurance that he would be given the leeway to truly innovate in his role.
Challenging the billable hour model: 20:56
- Emphasizing the importance of differentiating quality and delivering services effectively.
- Acknowledging that technology is not quite ready to offer drastic change.
- Leaving behind painful, busy work so lawyers can focus on more compelling tasks.
Leading and launching innovative projects: 30:06
- Adopting a philosophy about when to license software and when to build it internally.
- Launching Chat GD, an AI product that allows his legal staff to update documents using AI.
- Taking a swing at projects that aren’t on your roadmap.
Shifting from a legal to a technical mindset: 33:44
- Forefronting legal process management as their primary product.
- Possessing the experience to know what parts of the legal process are broken.
- Spending time considering legal problems.
Discussing the influx of investment into legal tech: 37:20
- Building legal technology during a time when VCs have turned their attention to the field.
- Seeing every software company as a future AI company.
- Predicting more capital and investment.
Predicting the future of legal services: 41:06
- Looking beyond AI to consider who law firms will expand their services.
- Reframing the expectations of what law firms are capable of.
Book Recommendations: 43:41
- Leading Professionals: Power, Politics, and Prima Donnas by Laura Empson.
- Priceless: The Myth of Fair Value (And How to Take Advantage of It) by William Poundstone.
- Finding Joe’s yet-unpublished writing on the Social Science Resource Network.
What you wish you’d known as a young lawyer: 45:40
- Considering the idea that successful people wake up in the morning happy to go to work.
- Recognizing that people with jobs they love had no idea those roles existed when they were in school.
- Forging a non-linear path as you search for roles that make you happy.