AI-powered bill collector program takes top spot at ABA Techshow’s Startup Alley
Summary
CollBox, an AI-powered program designed to help lawyers collect unpaid invoices, secured first place at the 10th annual Startup Alley pitch competition at ABA Techshow. Co-founder Matt Darner highlighted that law firms typically wait 97 days for payment, often because lawyers prefer practicing law to bill collection. CollBox integrates with practice management systems, automating reminders and utilizing accounts receivable experts to recover payments, having already recovered over $100 million for law firms.
Candle AI, a legal email assistant aimed at improving client experience by reducing email processing time, finished second. It integrates with Outlook or Gmail and leverages practice management systems to provide smart templates and context-aware responses, saving users one to two hours daily. Lawdify, focusing on AI-native evidence analysis for construction disputes, placed third.
The event showcased a strong trend towards generative AI in legal tech, with startups like LegalBridge and Litmas offering AI-powered solutions for case management and litigation workflows. Damien Riehl of Clio noted the increasing prominence of AI in both the business and practice of law, while host Bob Ambrogi emphasized the competition’s history of launching successful legal tech companies like Paladin and Paxton AI.
(Source:Aba Journal)