I watched an hour long talk by Winston Weinberg, co-founder and CEO of Harvey. Harvey is revolutionizing the legal industry through AI. They are one of the successful examples of LLMs in production. Following are the key points from the talk:
- The legal industry is particularly well-suited for large language models because it is text-based, and the value of a token is incredibly high. This could be a useful heuristic to see if your use case is a right fit for LLMs.
- I like how Winston described his product philosphy – Expand and Contract. The “expand and collapse” design philosophy refers to a strategic approach in product development, particularly in the context of creating workflows and user interfaces. This concept is about building specific, detailed workflows for complex tasks and then integrating them into a cohesive user experience.
- The focus on workflows to automate human work. The investment they are making in hiring domain experts and building repetitive workflows around them. Harvey collaborates closely with law firms to develop workflows that enhance efficiency and profitability, transitioning from a traditional seat-based model to one that also sells completed work.
- Business model evolving from seat based model to one of selling the work. More and more AI/LLMs starts up are offering co-workers which can autonomously get the work done.
- They targetted larger firms to establish their credibility. Their endorsement influence other firms and their clients.
I watch all videos on Videocrawl now as I can watch, read, chat, summarize, take notes etc all from the same web app. You can watch this video on Videocrawl by going to following link https://www.videocrawl.dev/studio?url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DeXK-_yyQDMM
If you are building LLM products I strongly recommend watching this talk.
