AI Legal Software with Scott Stevenson

Welcome to the Axial podcast. Axial is an early stage investment firm based in San Francisco. We partner with great founders and inventors investing in early stage life science companies often when they are no more than an idea. Axial is fanatical about helping the right venture who's compelled to build their own and journey business. Okay, Scott. Thanks for joining this podcast. I'm really excited to talk about SvelteBook and also your story of how you got here. But maybe to start off, you can just what does SvelteBook do and, what's the mission? Yep. Thanks thanks for having me, Josh. So Spellbook is, really an AI copilot, for primarily commercial lawyers who are working on, contracts and, contract like documents. And, it enables them to draft and review these types of documents up to 10 times faster, using a variety of kind of, LLM, large language model based tools or generative AI kind of tools. So for example, something you can do is if, a lawyer has a 100 page contract that they're asked to review by their client, we can actually review based on their instructions and, you know, find, a 100 things that need to be changed in that contract to help protect the client or make the deal more preferable for them or, you know, fix issues and oversights and things like that. And so that's, essentially what we do. We service other types of lawyers as well, other family lawyers and and litigators, as well. But, you know, primarily, we work on these sorts of, corporate and commercial transactional docs. And, yeah, that's us. And so so for spell book on this contract review drafting, why has it been a great market for you to grow in? Do you have, like, maybe, I think, 2,000, lawyers using the product? And how has the progress in AI over the last, let's say, two years enabled better features or even new features for your customers? Yeah. Yeah. So we've had, yeah, almost a 100,000 people sign up one way or another to to try out our product. And Wow. You know, to today today, we have almost 2,000 law firms, you know, paying for it active actively using it, in terms of, like, you know, qualified law firms, in many cases with multiple lawyers, at those firms. So there's been a lot of interest in we've kind of been letting letting the interest in, based on, you know, we've only been selling it to, qualified lawyers, licensed lawyers, and things like that. I know. I honestly, I was trying to I was trying to use guys a product, and I couldn't even sign up. I was like, how do I use this product? And it's just that you guys I bet you have more way more interest than what's on the surface. Yeah. It's it's it's it's your product is actually really hard to use unless you're, like, a qualified lawyer. So Yeah. Yeah. That's something …