Why AI Could Turn Small Law Firms Into Billion-Dollar Businesses
a16z partner Alex Rampel talks with Jay Madheswaran, co-founder and CEO of Eve, about how AI can help plaintiff law firms take on far more clients by easing their labor shortage rather than cutting staff.
The gist
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Madheswaran says plaintiff lawyers usually reject cases earning under about $5,000 in fees, which is why 96% of employment cases get turned down.
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Eve answers intake calls, qualifies cases and drafts early work, and Madheswaran says one LA firm went from about 100 to 500 clients per attorney.
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Madheswaran says Eve never trains on privileged client data, and its Auditor tool reviews every case page overnight for information a perfect attorney would catch.
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Rampel says he used Codex to sue Wells Fargo in four hours, including finding a process server, after four hours of failed customer service.
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Madheswaran says a case involves roughly 10,000 back and forths, no case is fully autonomous yet, and engineering talent is Eve's main limit.
a16z uses it
"I was having some trouble with Wells Fargo and I'm like, you know what, I've tried for four hours to do this. I'm just going to sue them. So I went to Codex, you know, ChatGPT. I was like, sue Wells Fargo. Four hours later, it had sued Wells Fargo. It actually found a process ..."
▶ Play at 33:1497 creators recommend it, including Riley Brown, Claire Vo, and Dan Shipper.
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"I was having some trouble with Wells Fargo and I'm like, you know what, I've tried for four hours to do this. I'm just going to sue them. So I went to Codex, you know, ChatGPT. ..."
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