Re:SimpleLegal (YC S13) Reduces Legal Bills With Machine Lea...
by bhousel on Wednesday August 07, 2013 @11:06AM
(#6173292)
Actually you are right but for the wrong reasons. The general counsel at a F500 company is not the one carefully reviewing the invoices, although his approval authority may be required for only the most significant bills.
But general counsel do want to keep overall legal spend under control, and are decision makers when it comes to purchasing several million dollars worth of legal software. For the purposes of closing enterprise sales, these are the guys you want to be taking out to fancy dinners.
I'd think that the general counsel of such a company is a prime target for this product. Carefully reviewing millions of dollars worth of charges billed six minutes at a time is extremely labor intensive. Having a product that does a first pass to find anomalies is a great way to cut down on the effort required.