Congratulations @jojohnny As we've discussed from the early days, NormAI and NormLaw have the right tech platform and business model to transform the legal market
We just raised a $120 million Series C at a $1.2 billion valuation, led by @khoslaventures, to pursue the full-stack approach to legal AI.
Blackstone, Bain Capital, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, and Jeff Hammes (former Chairman of Kirkland & ElliNorm Ai (@normativeai ) has now raised more than $260 million since I founded the company less than three years ago to build agentic law. We’ve built a team of more than 200, primarily engineers and attorneys, to embed law into AI agents.
Norm Law, an affiliated AI-native law firm running on the Norm Ai platform, uses those AI agents to serve clients like Blackstone as outside counsel, with attorneys supervising and improving the agents.
Because Norm Law runs natively on Norm Ai’s agentic law technology and prices based on outcomes rather than hours, benefits of AI can now flow directly to the client. This creates a client-aligned incentive structure, unlike model providers, whose revenue is driven by token usage, and traditional law firms, whose revenue is driven by billing hours of human labor.
The key distinction is the integration of the pricing model, the technology, and the people. Norm Law is chaired by Mike Schmidtberger, the former Chair of the Executive Committee of Sidley Austin. Other Partners include the former Global Head of Real Estate at Sidley Austin, a senior M&A Partner from Ropes & Gray, the General Counsel from Bain Capital Ventures, and key attorneys from Kirkland & Ellis, Simpson Thacher, Paul Weiss, Davis Polk, Skadden, Cleary Gottlieb, Latham & Watkins, Paul Hastings, Proskauer, and Pillsbury.
Clients representing more than $30 trillion in assets under management use Norm Ai software, deploying legal AI agents directly for their in-house legal teams. Norm Ai’s technology is increasingly deployed to supervise other AI agents operating in regulated environments. When companies deploy their own AI agents in high-stakes roles like communicating directly with clients about investment products, Norm Ai's agents check that those agents are in compliance.
The Series C will accelerate expanding practice area coverage and advance our supervisory agents.
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Jeff, congratulations. I’ve gotten to know you as an investee-founder and as a co-investor. Any founder would be lucky to have you on his/her cap table and, more importantly, as wise counsel to help scale the company.
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After founding a gaming company and spending more than a decade in venture, one thing has become very clear to me:
I love early-stage investing.
Today, I’m excited to share that I’ve started @entropyVC.
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It is a blessing his mother did not live to see this: “FIRST HE WAS a prince. Then he was simply Andrew Mountbatten-Windsor. Today he was described by Thames Valley Police, in a statement announcing his arrest, as “a man in his sixties from Norfolk”.
In one sense, his arrest is a sign of a healthy polity. Britain’s justice system at least appears to be doing its job. The monarchy may nevertheless suffer—and there could be more damaging reports to come economist.com/britain/2026/0…
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Diversity is still good business open.substack.com/pub/tomglocer/…
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I have moved my blog to Substack. open.substack.com/pub/tomglocer/…
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Completely agree Jim. See my take open.substack.com/pub/tomglocer/…
A call for a ‘NATO for News,” from today’s @PhillyInquirer. “An attack on one of us is an attack on all of us.”
inquirer.com/opinion/commen…
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Thanks to @washingtonpost ‘s AI agent for making it easy to cancel Whatever your politics don’t muzzle your editors/journalists. If you want to curry favor and endorse TFG just do it - don’t pretend you decided a few days before the election to let the readers decide.
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A second Trump term comes with unacceptable risks economist.com/leaders/2024/1… from @TheEconomist I reach a similar risk management conclusion at bit.ly/3S1Lb0H
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If you can’t get excited about voting for @KamalaHarris, I argue that prudent risk management requires a vote against The Donald bit.ly/48dfqIU
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“The republican party today isn’t incidentally grotesque; like the man who leads it, Donald Trump, it is grotesque at its core. It is the Island of Misfit Toys, though in this case there’s a maliciousness to the misfits, starting with Trump, that makes them uniquely dangerous to the republic” theatlantic.com/politics/archi…
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I have often compared the MAGA show to the fakery of professional wrestling, but never as elegantly as this: “Wrestling is to sport what Republican politics is to morality, falsification in the interests of entertainment.” The Hard Zone lrb.co.uk/the-paper/v46/…
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In pursuit of decency in this year of important elections around the world bit.ly/3S1Lb0H
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Perhaps #TFG is not so dumb after all - he’s figured out a way to receive tax deductible campaign contributions. Would-be donors just need to buy $DJT shares and when these worthless securities eventually fall to earth they can take a capital loss for tax purposes while the #OrangeStain harvests their cash.
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Trump “is a miserable human who cheated on his wives, cheats at golf, cheats at politics, incites violence, targets judges and their families and looked on, pleased, as thugs threatened to hang his actually pious vice president.” nytimes.com/2024/03/30/opi…
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It’s always nice to see my favorite news agency cover a successful financing for a very promising young company. Congratulations to the founders of @draftwiselegal; I’m excited to support you. @Reuters @IndexVentures reuters.com/legal/transact…
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In addition to being a business legend in France, Bernard was wickedly funny and a very good tennis player
Bernard Bourigeaud, the chairman of Worldline and founder of Atos Origin, dies at age 79 trib.al/USMNStJ
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tom glocer retweeted
Dear #MAGA and #Trump2024
Watch me take apart your cult leader and his lifetime of lies like a lego set in 4 minutes.
Watch #DonaldTrumpLifetimeofLies
Watch me take apart your cult leader and his lifetime of lies like a lego set in 4 minutes.
Watch #DonaldTrumpLifetimeofLies
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