Norm Ai builds agentic law, embedding law into AI agents that operate in high-stakes, regulated environments. The company's client base represents more than $30 trillion in combined assets under management. Norm Ai also powers Norm Law, the first AI-native law firm built for institutional clients. Norm Ai has raised more than $260 million from Khosla Ventures, Craft Ventures, Bain Capital Ventures, Coatue, Blackstone, Vanguard, Citi, New York Life, TIAA, Henry R. Kravis, and Marc Benioff.
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Norm Ai reposted this
We are excited to share that Norm Law advised Khosla Ventures in connection with the $51 million financing of Asymm Labs, a stealth-stage startup in the defense sector. The Norm Law deal team was led by partners Sam Lipson and Justin Rattigan. Congratulations to Khosla Ventures and Asymm Labs on this milestone. Read more at: https://lnkd.in/gtW-DTtf
Norm Ai reposted this
Excited to have two leaders in Technology Law join Norm. Tech Transactions is an area of law that is growing in importance due to AI related transactions starting to dominate the economy. It's now an area that will also grow in scale and speed, powered by AI.
Norm Law is excited to welcome Rob Parr and Jennifer Coplan as Partners and co-heads of its Technology Transactions practice. Rob and Jen strengthen Norm Law’s technology transactions capabilities, bringing decades of experience to Norm Law’s AI-native model built for institutional clients. Rob joins from Wilson Sonsini, where he led the firm’s information technology transactions practice in Boston. Jen previously served as global co-leader of Sidley Austin's Technology and IP Transactions practice. They join Partner Lindsey Savage, formerly Head of Commercial Contracts at Blackstone. Together, the team advises technology companies, acquirers, and investors across the full lifecycle of their technology and intellectual property investments and transactions. Read the full announcement here. https://lnkd.in/gRWw2cJX
Norm Ai reposted this
Our article, The Phantom Agent: Artificial Intentionality and Legal Responsibility, co-authored with John Nay, has now been published and is available online. Artificial intelligence systems are more and more acting as though they have intentions. They facilitate negotiations, provide advice, adapt to problems and influence human decisions. But they are not legal persons, and do not have a mind in any conventional sense. Does law require AI personhood to address this? We argue that it does not. Legal intent has not been merely a record of inner mental states. In contract, tort, corporate, and criminal law, intent is a normative device that determines legal effect, assigns blame, and manages risk. It is inferred and imputed routinely, and sometimes fictionalized. In this light, artificial intelligence systems are best understood as non-personal agents whose actions can be traced back to known human principals through doctrines we already have: agency, respondeat superior, electronic-agent contracting, and corporate attribution. We propose a three-level framework for differentiating between status, attribution, and governance, and a factor-based test for when AI conduct should be treated as intentional for the purpose of a legal doctrine. We apply it to recent litigation, including wrongful death claims against a chatbot provider, and compare US and EU trajectories. Bottom line: law can treat artificial agency as consequential without granting AI personhood, consciousness, or moral standing. Human responsibility is still there.https://https://lnkd.in/eyWRRkyX
Norm Ai reposted this
Norm Ai and Norm Law uniquely integrate the frontier of legal AI with world-class legal talent, and today's announcement is a perfect demonstration of that. Norm Ai embeds deep knowledge of the relevant laws and regulations into software that drives faster, more consistent outcomes for clients. Blue Sky work involves hundreds of jurisdiction-specific requirements, recurring deadlines, and large volumes of fund and investor data. Our engineers built a platform that turns that complexity into structured workflows and AI agents. Clients submit information in one place, relevant obligations are surfaced automatically, and the legal experts focus on the exceptions and decisions that require judgment.
Norm Law is pleased to welcome Benjamin Nager as a Partner and Shelley S. Azizi as Counsel, alongside paralegal Jack McCann. The team joins from Sidley Austin and will expand the firm’s Private Funds practice with a new Blue Sky filings and state securities regulatory capability led by Ben. Ben brings almost 30 years of securities regulatory experience, including coordinating Form D and state notice filings for investment funds and leading large-scale, 50-state remediation projects. The team will work with Norm Ai technology that incorporates jurisdiction-specific requirements, deadlines, and fees into a central workflow, giving clients greater speed, consistency, and visibility. Welcome to the team, Ben, Shelley, and Jack! We are proud to have you join the firm.
Norm Ai reposted this
AI agents are getting legal form, making them legible to the legal system thanks in part to Norm Ai !
In a 2023 Science essay, John Nay proposed the question, when autonomous software begins to contract, pay suppliers, and transact on its own, what should we do? Today, the Artificial Intelligence Company (AIC) initiative, a public-private partnership led by Norm Ai in Delaware, looks to answer that question. Built on the premise that democratically determined law is the ultimate framework of AI alignment, the AIC sandbox makes an autonomous system legible to the law, creating a defined target for responsibility and damages while ensuring the agent’s conduct remains visible, traceable, and accountable. We’re excited to partner with Delaware to invite the world’s most sophisticated companies building agentic systems to help develop the AIC framework. Read the full story from FinTech Global here: https://lnkd.in/e_5ATXPF
Norm Ai reposted this
Norm Law advised Coatue Management in Cadence, Inc.'s $100 million Series C financing. Cadence is the clinical AI company automating the treatment of chronic disease. The new capital will support the company's expansion across new health systems, advancement of its AI agents, and growth in value-based care models. The Norm Law deal team was led by partner Bill Mone, including senior associate Brandon Joseph. Congratulations to Coatue, Cadence, and the teams whose work made this milestone possible. https://lnkd.in/eYQBTdmz
Norm Ai reposted this
New York-based Norm Law has landed mandates from private capital heavyweights Blackstone and Coatue in the space of a week. It’s still early days, but the AI-native law firm is starting to show what a serious challenger to traditional Big Law could look like. The model is compelling: outside capital to fund technology, senior Big Law talent bringing relationships and judgement and AI doing the work traditionally carried out by junior lawyers. Could something similar work in the City? More here: https://lnkd.in/enJ_Q5B8
Bloomberg Law highlighted why firms like Blackstone, Coatue Management, Khosla Ventures, and Bain Capital work with Norm Ai and Norm Law. Norm Law's approach pairs partners from AmLaw 20 firms like Kirkland & Ellis, Sidley Austin, and Skadden directly with Norm Ai's software engineers and legal engineers to build AI agents. "The investment management ecosystem has needed a law firm built for the benefit of its clients," said Matt Harris, Partner at Bain Capital Ventures (BCV). https://lnkd.in/ei2pdhct Follow the latest from Norm Ai and Norm Law here: https://lnkd.in/es98cu6c & https://lnkd.in/efU5t9EZ
Big Law’s most important clients are funding its would-be replacement: Norm Ai. The NY-based startup valued at $1.2 billion has raised $260 million from Blackstone, Bain Capital Ventures (BCV), Khosla Ventures, Coatue Management and others. We spoke with those investors about what work Norm is already doing for their legal departments, and how they want Big Law firms to adapt as the new competition ramps up. “There is this race: How quickly can they retrofit themselves to compete with these new models? Not all firms are going to make it,” Bain’s Matt Harris told me. Some Big Law firms see an opportunity to beat Norm at its own game. “My goal is that Debevoise gets there first and we are able to provide everything all under one roof including the commoditizable stuff through AI,” said Avi Gesser. With Eric Killelea and thanks to Michael Domine for the artwork.
Norm Ai reposted this
Norm Law’s approach differs from other hybrid law firms, in ways that make it more of a potential threat to Big Law. Many hybrid firms primarily target small and early-stage companies and consumers, which they find more open to new technologies and novel business models. Norm Law, conversely, works primarily with large financial institutions, which Mike Schmidtberger credits in part to Norm Ai’s relationships with in-house teams and the existing reputations of the lawyers it has hired. “Part of the reason that those clients are coming to Norm Law is they've had good experiences with Norm Ai and the software that Norm Ai has built,” he said. “They're seeing the same lawyers that they've seen in the market, and they're seeing them empowered by a revolutionary technology that allows them to be as capable as they were before in terms of quality, but faster and more economical.” 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗿𝘆 𝗳𝗿𝗼𝗺 Dan Roe and Benjamin Joyner: https://lnkd.in/gDEPfYN7
Norm Ai reposted this
Norm Law advised Blackstone on its investment in Etched as part of the company’s $700 million financing at a $21 billion valuation. Etched is building frontier inference clusters to power the next generation of AI. The Norm Law deal team was led by Sam Lipson and included Justin Rattigan and Brandon Joseph. Congratulations to Blackstone, Etched, and everyone involved in this milestone. https://lnkd.in/gRV4vv37