Tony Lai and Pieter Gunst, cofounders of Legal.io, practiced and studied law for about two decades between them. Their experiences on the ground led them to realize that the legal industry suffered from a major shortcoming – it was failing to keep up with a quickly-evolving world.
While emerging technologies opened up brand new economies and individuals became more interconnected than ever before, the legal landscape remained a tangled maze of sluggish bureaucracies. Few firms or legal service organizations were taking advantage of digital age resources, and as a result, clients seeking help often encountered long wait times and overpriced, poorly-matched providers.
The two were in the midst of receiving a Master's Degree at Stanford University's Law, Science & Technology program in 2010, when they had an idea: why not use such fast-evolving systems to directly benefit the legal field? If no tools existed to help the legal industry succeed in the 21st century, they would build one themselves. They could use technology to democratize the industry on a massive scale, ensuring legal access for all.