Katya Fisher – AraCor – Artificial Lawyer

The story of our founder this time is about Katya Fisher, who created the Araracor, which enables agreements teams to pass transactions data to get a clear narrative and key knowledge, thus saving time, money and reduced risk. She will be a speaker at the California Legal Innovators Conference, June 11 + 12in San Francisco.

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– First, you once worked in the music business – which has changed a lot since then. What did you do there and what lessons can we learn from this?

When I was a student in NYU, I had a radio show in the morning on Saturday at WNYU AM and was interned at the Universal Music Group. I went to the law school planning to be a fun lawyer and worked for some music business advocates representing some big rock stars. I thought I would be clive Davis or Rick Rubin. But it was over a very shocked time in the industry. It started with napster and ended with Spotify, iTunes and end of MTV.

The departments on record labels were closing, the whole business changed so fast. And there was so much resistance in the industry. The industry did not die – just changed, for better or for worse. The creator’s economy exploded and gave so many artists that would never have a chance before. I have learned the lesson not to expect that things will always be as they are ‘, or accept the status quo, and learn to embrace changes, technology and opportunities.

– How did you find your way in legal technology?

I was tired of the transparency gap-the space between thousands of agreements and fast responses, up to the CFO point, directors, fund managers and other executives waiting on request.

Much of my career is focused on the technology industry. I am the main legal officer of www.constructor.org who is an ecosystem that includes a venture fund, software company, and university and represents its founder, Serg Bell (www.arici.com), who is a serial technology entrepreneur – he founded parallel, Acronis, WebPros, among many others. I have built and scaled a legal team that reports to me and oversees all the relations of the foreign legal firm and projects globally. Working with Serg and all the talent in this ecosystem I have had an extraordinary picture of Zog for the starting industry.

I also encountered the same challenges over and over again:

a) Mountains of legal documents – data rooms are poured with baths, side letters, board minutes, changes, additions, etc.

b) urgent questions, of high interest. Partners, CFOs and Deal teams want to know: What is the real waterfall? Are we fueling any consent? How can I call an emergency board meeting? What is the purpose of the restrictive covenants between these employees?;

C) manual trigy. Even after external tips send a memorandum (and a massive bill), someone inside – usually I – should check double, reconcile versions and explain them all in simple English;

D) time and money lost. Hours accumulate, tariffs climb, and everyone is still worried that we miss something. And then some time passes and we are like a golden fish, we forget everything, all the details of a transaction, and we have to look at these documents and understand these things again.

I saw a massive problem, I wanted to solve it for myself, my legal team and my colleagues and ended up a law -made founder. It makes sense – I am uniquely positioned to build what I am building now, and I am excited to do it, feels like what I am intended to do and an opportunity to bring all my experience to the table.

– Why create aracor and how did you decide to focus on the deficient deals?

As mentioned, I wanted to solve a problem for my companies and made an opportunity to change an entire industry for the better.

In the treatment of noise is great, the small signal, the short institutional memory, and the demand for immediate response, the bullet evidence-so we end up spending a lot of time and money and still worrying that we have lost something.

AraCor Deal’s intelligence allows a team of agreements to go through data chamber documents, corporate governance materials, investment agreements and obtain clear narratives and knowledge with only one button. Our fast library covers M&A’s work and agreements, capital capital transactions, funding and waterfalls, and more. Reporto Report comes with clickable quotes so that a user can verify the answers efficiently.

We have another delightful product, araCor deal verifying. With one click you can compare a term sheet against hundreds of final agreements pages to ensure that the agreement you think is really happening and understand where and how the terms in the closing materials are reflected. Our goal is to empower users by forecasting the agreement.

It is not just about proper care. I always tell people that a deal does not end in closing. Ends at the exit. After the agreement is closed, most of the negotiated provisions continue to run the business, but they disappear in a file no one opens again. AraCor keeps them searchable, so when six months later someone asks ‘Do we need the consent of the X investor for this secondary?’ The answer is a few clicks away.

Last but not least – this makes my life as an easier GC, but it’s just as useful for a PE associate, a CFO, a managing partner, a Corp dev. In short, anyone who has to make decisions with real money on the line. Nutrients. In the Aracor, we are focused on creating a completely new model and standard on how the agreements are made through the AI-Domestic Agreement.

– Looking more broadly, how long is it spent (and paid for it) that it really doesn’t need to be, because lawyers can’t find the information they need?

I can’t even determine how long it has been spent and paid. I think the companies lose not only the money spent for review, but also so many opportunities because they have not possessed their data. Aracor is a brain that deals with an agreement – it is not just about saving time and money, but it is also about making better decisions and creating opportunities.

– We have finally discussed how technology always changes human behavior, where would you like to come to the change of lawyers?

Lawyers who want to move inside or work inside the house often require me advice or mentoring. I listen to the same thing over and over ‘I want to work at home so that I can make a real impact on business, not just be a lawyer.’

Cliché, right? But how can you make an impact on business if you are spending all your time reading and summarizing pieces of paper? If you want to go from good to excellent as a lawyer, you need to understand how to add real value to the company you represent, and that means spending less time to dig documents and more decisions in time formation.

Thank you Katya!

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You can find more about AraCor here.

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Katya and many other excellent speakers will be in Legal Innovators Conference in California, San Francisco, June 11 + 12

If you are interested in the advantage of legal and innovation – and where we are all going – Then come to the legal innovators California, in San Francisco, June 11 and 12, where speakers from the main law firms, inboh teams and technology companies will share their knowledge and experiences about what is really happening.

We already have an extraordinary list of companies to hear. This includes: & He, Legora, Harvey, Structureflow, Ivo, Flation Law Group, Pointton, Centar, Lexisnexis, Ebrevia, Legatics, Knowable, Draftwise, Newcode.ai, Riskaway, SimpleClurse and more.

Cooley, Wilson Sonsini, Baker McKenzie, Gunderson, Ropes & Gray, A&O Shearman and many other major legal firms will also participate.

See you all there!

More information and Tickets here.