The cost of legal services is approaching $0. I've mostly seen two ways to monetize this theme: (1) selling tokens to law firms (
@WeAreLegora &
@harvey) who "resell those tokens" to their clients, and (2) providing legal services on your own to businesses or consumers at a much lower cost profile & taking on more clients.
One thing I haven't yet seen is how to express this theme in other industries on the assumption that legal services are trending to $0.
In a world where you have unlimited free lawyers, what are the opportunities to do things that you wouldn't otherwise be able to do? Some ideas:
One idea is flavors of investing that are heavy on interfacing with legal/regulatory challenges i.e. public activism. On an adjacent note, buying B2B receivables and then using AI to collect.
Interesting to think about the others. Especially with the advent of long running agents, opportunity set increases with ability to answer emails and engage with adversarial processes in a way that seemed harder before. Muse & Instinct feel like a first taste into what's possible.