New Zealand Legal AI Startup McCarthyFinch Brings Its Battle to TechCrunch Disrupt
McCarthyFinch, a joint venture between a boutique venture capital firm and a leading Kiwi law firm, is the latest legal startup to use artificial intelligence in an effort to simplify legal services.
September 11, 2018 at 01:00 AM
4 minute read
The original version of this story was published on The Recorder
McCarthyFinch, a 15-month-old legal technology startup from New Zealand, was one of 21 companies chosen to compete at this year's TechCrunch Disrupt Battlefield in San Francisco.
The company, the latest upstart seeking to use artificial intelligence in an effort to simplify legal services, was formed in 2017 as a joint venture between leading New Zealand law firm MinterEllisonRuddWatts and Auckland-based boutique venture capital firm Goat Ventures. The two sponsors gave McCarthyFinch about $2.5 million in pre-seed money to get started.
“We are now at a point in time where we are kind of getting into a conventional phase,” said Nick Whitehouse, a former chief digital officer at MinterEllisonRuddWatts who now serves as co-founder and CEO of McCarthyFinch. “We thought that TechCrunch would be a great place to show our technology.”
Since founding McCarthyFinch last year, Whitehouse has brought together a group of more than 30 lawyers and data scientists to develop an AI-powered platform that claims to be able to simplify certain tasks for the legal profession.
The McCarthyFinch team has been looking at how to use AI and other technologies to automate labor-intensive tasks such as document review and discovery, Whitehouse said. As of now, the startup's platform is able to perform four main functions, including automating document review processes, drafting and approving contracts, providing insight into trending legal decisions such as settlements and M&A deals, and using conversational AI to address legal questions for clients.
“Billable hours have been disrupted for a really long time. The Big Four, all the [major] accounting firms, have really done a good job moving on from that and [Big Law] has been slow to do that,” Whitehouse said. “I think we are offering a solution to help and transition in a really valuable way.”
Although McCarthyFinch did not get the $100,000 cash award that comes with winning the coveted Disrupt Cup, the TechCrunch event has helped the company gain more exposure in the United States as it seeks to start raising its next found of funding. (TechCrunch is a technology news publisher founded by former O'Melveny & Myers and Wilson Sonsini Goodrich & Rosati associate J. Michael Arrington, who sold the business in September 2010 to AOL Inc., now part of Verizon Communications Inc.)
McCarthyFinch currently has 10 ongoing trials, including with three U.S.-based law firms. While the startup itself is based in Auckland, McCarthyFinch opened a second office in Los Angeles about four months ago as it seeks to extend its presence into the U.S. legal services market. Richard DeFrancisco, a Los Angeles-based business executive, has been hired as president of McCarthyFinch.
Related Stories:
A Big Four-Branded New Law Competitor Could Be a 'Safe Disruptor'
Law Firms Uneasy as the Big Four Make Their Big Push Into Asia
Making Sense of Legal AI: What It Means for Your Practice and What's Ahead
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrending Stories
- 1New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 2No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 3Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 4Meet the New President of NY's Association of Trial Court Jurists
- 5Lawyers' Phones Are Ringing: What Should Employers Do If ICE Raids Their Business?
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250