"That realization planted the seed for TermScout, a platform focused on reviewing, benchmarking, and certifying contracts. But it didn't stop there. With the rise of GPT-4 and generative AI, Otto and his team launched a second platform, Screens, which lets legal teams build and share AI-powered contract playbooks. "It's about letting lawyers craft AI to think like them," Otto explained. "The goal is to turn knowledge into scalable, defensible legal products.""
"One of the most dangerous defaults in legal departments is choosing vendors and reviewing contracts based on familiarity. "There's this belief that big firms are always the safest choice," Otto noted. "But that's no longer true for low to medium-risk work. There are better, faster, more specialized options and most legal teams are leaving value on the table by not exploring them.""
""I was a corporate attorney at Davis Graham and Stubbs, and I loved helping clients," he said. "But so much of the work I did was tedious, menial, and didn't justify the billable hour. It wasn't a good use of my time or theirs.""
Otto Hanson left Biglaw after finding much corporate work tedious and not justifying billable hours, which led to founding TermScout to review, benchmark, and certify contracts. The rise of GPT-4 and generative AI prompted a second product, Screens, enabling legal teams to build and share AI-powered contract playbooks so lawyers can encode judgment into scalable tools. Many legal departments default to familiar outside counsel, assuming big firms are safest, even for low- to medium-risk work. That instinctual outsourcing creates inefficiencies, longer deal cycles, and missed value that strategy, data, and technology can address.
Read at Above the Law
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