AI Means Improving Legal Practices | by Ridge Ventures | Media Pyro

It’s an open and shut case of unprecedented innovation

The verdict is in: Streamline AI, the first intelligent recruitment platform for in-house legal teams, joins The Ridge Familia!

Streamline announced its launch with a $3 million seed round led by our friends at Oceans Ventures. Led by the co-founders of powerhouses such as Google and DoorDash, Streamline greatly enhances the efficiency of law firms, in relation to other business processes, and has removed technology from the time. Short Pelican days.

But this is just the beginning. Although Streamline was designed with in-house legal teams in mind, its ability to handle turbo operations will translate to many business departments.

Legally bound (if not valid)

A recent Gartner report found that corporate lawyers are burning both ends due to overwork. Ineffective recruitment practices prevent them from controlling “what they do and how they do it.”

Unlike their office counterparts, internal legal teams lack tools that provide visibility, measurement, and automation. As a result, attorneys and corporate governance and administration (G&A) teams are blamed for slow business processes when they use outdated software that can’t properly manage workflows and contributing to data-driven decisions.

This “Black Box” problem, says Streamline co-founder and CEO Kathy Zhu, worsened during the pandemic as headcounts dropped and workloads increased. The increase in manual labor costs businesses 20–30 percent in annual revenue and costs in talent retention, bleeding legal teams, bottom lines, and well-being. heart of the workers. Even stress balls are stressful.

Because the macro-economic situation does not help matters, an automated workflow solution is necessary for tasks such as reviewing sales contracts, managing standard legal forms (NDA, MSA, etc. etc.), and provide case updates. A quick scan of the landscape will reveal one-size-fits-all contract solutions that focus on contract management or billing.

Thanks to Streamline, however, heavy-duty teams can reduce the number of items on their dock.

An unprecedented solution

In the case of Streamline v. Irregular Sentenceswe see in-house legal teams happy to simplify their daily work.

Streamline’s automated platform optimizes business processes and G&A, and maximizes the efficiency of critical input workflows. Its “code-free” tag is no slouch – users can opt out Python for Dummies on the floor and begin to fulfill legal obligations in a short time. Even as users struggle with issues of privacy, data consent, and measurement, Streamline writes notes in the background that increase intelligence over time to speed up future operations.

Streamline doesn’t have competitors, but there are few ticketing solutions that don’t have to deal with legal issues. Unlike Streamline, these solutions reduce workflows with emails and Excel spreadsheets. In addition, they often fail to protect sensitive company information that should be protected under the law, and fail to provide the performance data needed to maximize productivity. reducing the effort of the workers.

Time is on Streamline’s side: more than $1 billion in legal tech companies funded in venture capital by 2021. Legal tech funding is expected to triple in the next four years recently, and 50 percent of domestic law enforcement will be automated by 2024.

Local expert? Yes, please!

It all starts at the top, Streamline’s two co-founders bring an impressive combination of domain expertise and pedigree to the table.

Before co-founding Streamline, Kathy was DoorDash’s first commercial attorney to build the company’s legal arm from the ground up. He handled all the fine print and dotted lines related to agreements, vendor agreements, NDAs, you name it. It was here that Kathy realized the real need for automation as completing the onboarding process manually was time consuming, expensive, and mentally draining. Prior to DoorDash, Kathy served as Director of General Counsel at Medallia and has 10+ years of experience in corporate law.

Co-founder and CTO Julian Wimbush is the technical brains behind the project. He met the challenge of joining the business side as a Product Manager at Google, where he also worked as a Software Engineer. Joining Kathy and Julian, who also holds a Master’s Degree from UC Berkeley, is founder and consultant Ed Cheely, a sales and biz dev who has ended up with Citrix, Yext, and AppBuddy.

You couldn’t ask for a stronger program than Streamline’s, a team that is very capable of leading, expanding, and changing their solution to meet the needs of users.

Streamline is not resting

Streamline is bursting through the gates with great momentum. Its clients include Branch Metrics, VSCO, and a leading computer hardware company.

And it’s not just legal vultures who use Streamline, as many clients are using the product to streamline workflows across human resources, lead generation , department heads, etc. As the company grows, more and more G&A teams — across legal and beyond — will enjoy Streamline’s visibility and automation.

We’re excited to partner with Kathy and Julian, for high-performing legal and business teams who can see the benefits of an automated, comprehensive workflow solution. After years of bureaucratic intransigence, the investigation should be expedited. It should be Streamlined.