CNBC Exclusive: Robin AI Will Change the Legal Industry

Our very own CEO, Richard Robinson, made a special experience on CNBC. From sharing his passion for Law to detailing how AI is already transforming the legal industry, Richard jumped into it all.
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Interview

‍Fortt Knox (CNBC):

Richard Robinson is a former lawyer whose startup, Robin AI, raised a $26 million Series B. He’s got a personal motivation to try to make legal expertise more accessible. Before his parents immigrated to England from Jamaica, some family members suffered from a lack of good advice.

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Richard Robinson (CEO, Robin AI):

Two of my uncles were in a band called Musical Youth. I didn’t know about this, but I grew up with these uncles and I didn’t realize it until I was a teenager when I was thinking about what I was going to study at university.

My uncle explained the story of how the royalties to his number one hit, Pass the Dutchie, were never given to him. The royalties were always a mystery, and he never really got the financial benefit that they should have had.

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Fortt Knox (CNBC):

Robin AI is starting by applying Large Language Models to contracts, helping customers analyze and generate paperwork more quickly and more accurately. Customers include PepsiCo and Yum Brands.

Richard Robinson says AI can change workflows in document-intense industries, the way that PC did 30 years ago.

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Richard Robinson (CEO, Robin AI):

The reason legal as an industry hasn’t had a lot of innovation precisely because the data is so unstructured. It’s just text, and computers don’t understand text the way they understand numbers.

So generative AI gives us the ability to take text, to add structure, and to make it understandable — more like a database than a page with words on it. It’s equivalent to accountants doing their sums by hand or using paper, then they got tools like Excel.

For the first time ever, we have an equivalent transformation for unstructured text-based data. And it’s going to have a similar impact on the legal industry as Excel had on the accounting industry.

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Interested in more? Catch the full CNBC interview.