Laura Toulme's switch from a traditional law firm to an AI startup highlights a trend among law graduates toward tech companies. An American Bar Association survey reveals over 6% of 2024 law graduates have opted for roles outside of law firms, favoring startups in legal tech. Companies like Harvey and Legora are attracting talent with promises of job satisfaction, growth potential, and stock options. This dramatic shift toward technology in the legal industry signifies a changing landscape for legal professionals and a move away from traditional practices.
It felt like this is a train I had to jump on now or I'd miss it, Toulme explains, recalling how a lively call with an early employee convinced her that the future of law had arrived.
As legal-tech fundraising surpassed $2 billion last year, new grads and juniors have unprecedented opportunities to trade in billable hours for stock options and influence the future.
Legora's mission is to automate the drudge work so lawyers could focus on big-picture thinking; it's about streamlining rather than replacing the human element.
With more than 6% of 2024 law school graduates moving to startups, a significant shift is occurring that reflects changing career aspirations in the legal field.
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