Too Much Money Is Not Enough

Send us Fan MailHorace and Damien record an unedited and unfiltered episode, opening with Horace’s stressful overnight apartment move in New York while planning a two-month summer trip to Australia. We discuss legal tech execution versus announcements, discussing a link about Kirkland & Ellis’s reported $500 million AI commitment and whether it reflects real technology spend or largely lawyer hours, while noting firms and Fortune 100 legal departments are building internal AI teams. They explore AI raising the floor and ceiling of legal work, GPU scarcity, consumption/token pricing versus seat pricing, and proposals like taxing tokens. They discuss the Pope’s AI-focused writing as a warning about tools that can help or diminish humanity, then cover market shifts including Claude for Legal, Microsoft’s legal Word add-in, open source momentum, and agentic “law firm” projects like Lavern AI, emphasizing that data, KM, and practical execution matter more than hype.00:00 Welcome and Moving Trauma03:42 Kirkland AI Spend Debate09:12 AI Floor vs Ceiling12:00 Universal Basic Services13:44 Nvidia Bubble and Pricing16:54 Taxing Tokens and Models18:21 Pope on AI and Humanity21:45 Legal Tech Market Check22:20 Open Source Vibe Coding23:31 Quality Security and Stitching25:21 Linux and Court Tools26:42 Open Source Custom UX27:38 Users Don’t Know Yet28:59 Designers vs Atoms31:12 Agentic Legal Open Source32:25 Humans Still Sell34:41 Jevons and GPU Scarcity38:11 Symbolic AI Saves Tokens42:10 Three Paths to Efficiency46:17 AI Literacy Dunning Kruger49:06 Precision Recall and KM Power52:28 Royalties for Know How