Magic AI: How a Series A Generative AI Company Saved On Legal

Company

Magic AI offers a generative AI tool that assists software developers with creating and editing code. Its code completion function works across the entire code repository of the company. This company is at the forefront of AI technology and poised for explosive growth.

Challenge

When we met the team they had just closed their Series A. They had been working with a big law firm and felt like they were paying way too much for basic legal work. Nearly every month they were getting a hefty legal bill to cover basic work like equity grants, contract reviews and calls/emails with lawyers.

Solution

Magic AI chose our General Counsel – Grow plan. For flat monthly fee they get their day-to-day legal needs handled, plus unlimited calls/emails with attorneys.

Impact

General Counsel both saved them a significant amount every month and gave them cost certainty to help their financial planning. No more surprise legal bills.

We've worked with 3 firms before we met Kyle. Kyle is the one we stayed with. 5/5 - extremely fast, happy and able to dig into complex matters, and consistent.

Eric Steinberger, CEO of Magic AI

Let's talk about your next big project.

WESTAWAY

WEEKEND BRIEFING

A Saturday morning briefing on innovation and society. Join 150,000+ intelligent subscribers.

FOUNDER FRIDAYS

A Friday morning briefing helping founders scale smarter. Join 25,000+ savvy founders.

Manifesto

We see the world as it could be. We resolve to make change happen. Not content to wait for better times, we strive to lay foundations now. We know that a brighter future is built by the adventurers, people like you and me, who are on the ground charting new territory, motivated by passion and committed to execution.

We believe in the power of the marketplace to generate positive social and environmental change. We believe that the best solutions to complex challenges create long-term prosperity, not only financial but also social and environmental.

We are in this together.

10 Rookie Startup Legal Mistakes

Download this FREE guide today to learn how to avoid these common legal mistakes. These basic tips will save your startup time and money.

All case studies