But by building a program with "guardrails," a new legal tech company is working to bring all of the benefits of artificial intelligence to companies' in-house legal teams without the risks.
Based in Chicago, Responsiv is an AI assistant for in-house legal teams.
With Responsiv, in-house counsel can quickly get answers to legal questions that are easily verifiable, saving companies time and money.
"There's a noticeable gap in innovation tailored specifically to in-house legal teams," Domash said.
Funding for legal tech has fallen in 2023, according to Crunchbase, but many startups in the space focus on law firms.
Persons:
ChatGPT, Mike Duboe, Nikita Solilov, Jordan Domash, Jordan, Nikita, Duboe, Domash, Responsiv, We'll, Darrow
Organizations:
Greylock Partners
Locations:
Chicago, Silver, Greylock