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Future Is Here: Meet Peter, Your AI-Based Business Lawyer

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Nov 29, 2015

Couple of months ago I was speaking on a panel arranged by SA TV for a TV show on social entrepreneurship. One of the attendees, an ungrad law student, asked what she could do to contribute to the society, my instant hunch was, why not build something that improves our inconceivably slow and inefficient legal service industry. I never considered artificial intelligence (AI) to fix this problem but definitely something enabled by technology.

Peter, an AI-based business lawyer, goes way beyond what I thought. Peter is your business lawyer in-the-cloud. Peter does signatures, generate contracts and notarize documents and assist you when you need it most. Next time when you need to manage a signature or create an NDA or notarize something or forget an important information about your company, ask Peter.

Technology has changed many industries in past years. Legal services is one of the few industries that largely remained unscathed by technological advancement except few minor advancements. However, technologies like Peter, probably, is the beginning of something interesting in this space.

Law is an interesting profession. Unfortunately, the system is utterly inefficient. It is equally true for the system as whole and for individual lawyers. Lawyers often have to spend too much time doing unnecessary things and charging more for wrong things than for what's important. Due to inefficiency everything takes longer time than expected. Technologies like Peter will empower lawyers to become more productive and spend more time in doing important things.

In Bangladesh, we badly need something to fix our legal service industry and with Peter, I hope, we will see interesting ideas in no time!

Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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