> Big flaw in the product: 60 year old partner who still makes hand edits and has the Secretary scan the pages and send them out of order to the associate
> Second big flaw in the product: specialists edits get rejected because they don’t know the deal points and are just swooping in
I took issue with this as step 4 seems to involve an M&A lawyer accepting/rejecting specialist edits piecemeal, to which he responded "Right, but that doesn’t actually save that much time. It’s the same work that an M&A associate is already doing"
> Third big flaw in the product: big law firms are the least innovative organizations on earth
> Fourth big flaw in the product: having junior associates do menial tasks at $800-950/hr is a feature, not a bug, of law firm business model. So you are solving for something that the target customer doesn’t necessarily want solved.
and there it is :/