In October 2020, legal industry veterans Joe Borstein and Paul Stroka set out to change the legal tech sales paradigm by founding LexFusion as a go-to-market representative of a curated collection of companies across major categories of legal technology. As the company nears its third anniversary, Borstein joins LawNext to reflect on its successes and failures and to share where it is today.

In addition, Borstein shares his perspective on the recent acquisition of Casetext by legal tech behemoth Thomson Reuters for $650 million in cash. As it happens, not only was Casetext one of the companies that LexFusion represented, but Borstein is a former executive of Thomson Reuters, where he worked as global director of Thomson Reuters Legal Managed Services (the former Pangea3). 

Given that the Casetext deal was driven by its development of CoCounsel, an AI legal assistant powered by GPT-4 and developed in cooperation with GPT’s developer OpenAI, Borstein also offers his views on the impact he sees generative AI having on the legal industry broadly and on the conversations he is having with law firm and corporate legal leaders.  

This is Borstein’s fourth appearance on LawNext. His previous episodes were:

• On LawNext Podcast: LexFusion’s Joe Borstein and Casey Flaherty on the 2022 Legal Market in Review.

• On LawNext: Joe Borstein and Basha Rubin on the Launch of LexFusion.

• LawNext Episode 38: EY’s Purchase of Pangea3, with Pangea3’s Joe Borstein and Ed Sohn.

 

Thank You To Our Sponsors

This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out. 

 

• Nota, the online business banking platform designed specifically for solo and small law firms. 

• Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.

• Sage Timeslips, trusted by solo and small firms for nearly four decades, offers robust functionality, customizable reports, and the ability to capture time and expenses on the go.

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