This week, we interview Horace Wu, CEO of Synthiea, a Contract Analytics platform that helps large law firms make sense of their data and improve their work. Horace is one of the top applied legal technologists, and we explore what GenAI can do and what it can’t.
Horace's Transition from Law to Tech [00:01:00]
Horace Wu shares his journey from transactional lawyer to founder of a technology company. He describes his experiences with his initial consumer tech venture and the challenges faced when major companies like Facebook and Google launched similar features.
Discovery of Language Models [00:04:00]
- Wu talks about his discovery of language models in 2017 and his transition to legal tech. He elaborates on how he got involved with a German NLP company and subsequently founded a legal tech firm.
Synthia's Unique Approach [00:06:00]
- Horace outlines what makes Synthia unique in the legal tech space, focusing on boosting a lawyer's knowledge through past documented experiences and creating a reliable database of provisions.
Detailed Workflow and Data Utilization [00:09:00]
- Wu explains Synthia’s complex data handling through a four-tiered pyramid model consisting of expertise, matters, documents, and provisions. He details how data is structured and utilized across these layers.
Enhancing Lawyer's Efficiency and Knowledge [00:12:00]
- The discussion focuses on improving lawyers' efficiency by structuring and querying information. Wu illustrates how Cynthia manages to make data actionable and relevant.
Preparing for Legal Tech Innovations [00:17:00]
- Wu advises on what law firms need to consider technologically and commercially to prepare for implementing AI and data-driven technologies.
Legal Tech and AI Landscape [00:20:00]
- In closing, Horace provides his insights on the current and future state of legal tech and AI, focusing on the application of generative AI and its impacts on the legal industry.
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Podcast #3 What's is Hype in LegalTech with Horace Wu of Syntheia