[EDRM Editor’s Note: This article was first published here on July 6, 2023 and EDRM is grateful to Rob Robinson, editor and managing director of ComplexDiscovery, for permission to republish.]
Complex Discovery Background Note: As part of its commitment to serving cybersecurity, information governance, and legal discovery professionals, ComplexDiscovery regularly provides curated reading suggestions to keep professionals informed about developments in the ever-evolving eDiscovery ecosystem. In today’s reading recommendations, the spotlight is on eDiscovery provider DISCO and its CEO, Kiwi Camara. These curated readings offer unique insights into Camara’s achievements and contributions to the legal technology industry, as well as DISCO’s technological differentiators and disruptive potential in the eDiscovery and legal software market.
Curated Reading Suggestions
Additional Reading: DISCO and Disruption in the eDiscovery Ecosystem
ComplexDiscovery
Kiwi Camara, CEO of CS Disco, Earns Over $100 Million in Total Compensation, Surpassing Apple’s Tim Cook (Fortune) – July 5, 2023
Reading Suggestion: “A 39-year-old CEO who was Harvard Law’s youngest-ever grad earned over $100 million in pay last year—more than Apple’s Tim Cook”
In a recent Fortune article authored by Nicholas Gordon, the focus is on the remarkable total compensation of CEOs, particularly Kiwi Camara, the CEO of CS Disco, a leading legal technology firm. Titled “A 39-year-old CEO who was Harvard Law’s youngest-ever grad earned over $100 million in pay last year—more than Apple’s Tim Cook,” the article highlights Camara’s achievement of earning more than $100 million in total compensation, surpassing the earnings of Apple’s renowned CEO Tim Cook. While CS Disco, which Camara founded in 2013, is valued at just over $500 million, his compensation package comprises a $500,000 salary and $109 million in stock options.
Read the complete article by Nick Gordon on Fortune at Youngest-ever HLS grad paid more than Tim Cook in 2022 | Fortune
Cite: Gordon, N. (2023) A 39-year-old CEO was paid more than Apple’s Tim Cook Last Year, Fortune. Available at: https://fortune.com/2023/07/05/ceo-pay-kim-camara-more-than-tim-cook-cs-disco-harvard-law/ (Accessed: 05 July 2023).
CS Disco: Disrupting the E-Discovery and Legal Software Market with Technological Innovations and a Vast Addressable Market (Seeking Alpha) – May 25, 2023
Reading Suggestion: “CS Disco: Transforming The E-Discovery And Legal Software Market”
According to a Seeking Alpha article titled “CS Disco: Transforming The E-Discovery And Legal Software Market” by Arbab Shahzeb, CS Disco, Inc. is making significant waves in the industry. The article highlights how CS Disco combines the strengths of a vertical software company with deep domain expertise and disruptive technological potential. The company’s technological differentiators, including multitenancy, artificial intelligence, and serverless compute, set it apart in the eDiscovery and legal software market.
Read the complete article by Arbab Shahzeb on Seeking Alpha at CS Disco: Transforming The E-Discovery And Legal Software Market (NYSE:LAW) | Seeking Alpha
Cite: Shahzeb, A. (2023) CS Disco: Transforming the E-discovery and Legal Software Market (NYSE:law), Seeking Alpha. Available at: https://seekingalpha.com/article/4607336-cs-disco-transforming-e-discovery-legal-software-market (Accessed: 05 July 2023).
Time to Question Cecilia? DISCO Announces First Quarter 2023 Financial Results (ComplexDiscovery) – May 10, 2023
Reading Suggestion: “DISCO Announces First Quarter 2023 Financial Results”
CS Disco, Inc., also known as DISCO, reported a year-over-year decrease of 4% in its total revenue for Q1 2023, which amounted to $33.1 million. The company’s GAAP net loss was $20.4 million, compared to $11.8 million in Q1 2022, and the Adjusted EBITDA was ($13.0) million, compared to ($7.8) million in the same period last year. Despite the financial decrease, the company experienced several milestones during this quarter, including the expansion into India and the announcement of new products and features. One significant development is the upcoming launch of Cecilia, an AI chatbot designed to assist lawyers in legal queries, further demonstrating DISCO’s commitment to leading AI advancement in the legal industry.
Read the complete article at Time to Question Cecilia? DISCO Announces First Quarter 2023 Financial Results | ComplexDiscovery
Cite: Robinson, R. (2023) Time to question Cecilia? Disco announces First Quarter 2023 financial results, ComplexDiscovery. Available at: https://complexdiscovery.com/time-to-question-cecilia-disco-announces-first-quarter-2023-financial-results/ (Accessed: 06 July 2023).
From Lady J and Cecilia to Timelines? DISCO Legalweek 2023 Announcements and Launches (ComplexDiscovery) – March 24, 2023
Reading Suggestion: “From Lady J and Cecilia to Timelines? DISCO Legalweek 2023 Announcements and Launches”
This article discusses the recent launch of DISCO’s Timelines in Case Builder, a cloud-based solution that enables legal professionals to build stronger cases faster. Timelines allows users to quickly identify important evidence and testimony to create compelling narratives. By linking evidence and securely storing critical case information in one centralized platform, Timelines streamlines case organization and collaboration. DISCO aims to become the go-to platform for legal professionals, offering a comprehensive ecosystem for case management. In addition, the article introduces DISCO Cecilia, an upcoming AI chatbot designed to help lawyers find evidence more efficiently. Cecilia will provide AI-generated direct answers with citations to supporting evidence, eliminating the need for extensive searches and document review. These advancements in legal technology aim to increase efficiency, reduce risk, and control costs for legal professionals.
Read the complete article at From Lady J and Cecilia to Timelines? DISCO Legalweek 2023 Announcements and Launches | ComplexDiscovery
Cite: Robinson, R. (2023) From Lady J and Cecilia to timelines? Disco Legalweek 2023 announcements and launches, ComplexDiscovery. Available at: https://complexdiscovery.com/from-lady-j-and-cecilia-to-timelines-disco-legalweek-2023-announcements-and-launches/ (Accessed: 06 July 2023).
Side-Hustling? DISCO Announces Fourth Quarter and Fiscal Year 2022 Financial Results (ComplexDiscovery) – February 24, 2023
Reading Suggestion: “DISCO Announces Fourth Quarter and Fiscal Year 2022 Financial Results”
The following announcement shares the 4Q and FY 2022 financial results for eDiscovery provider DISCO and may be of interest to legal, business, and information technology professionals operating or investing in the eDiscovery ecosystem. Additionally, a recent post (August 2022) by Tomasz Tunguz, a venture capitalist with Redpoint, provides an interesting consideration that may be of relevance regarding the value of public software companies. The post, titled Growth is No Longer the Best Predictor of a Software Company’s Value, notes that profitability has surged as the most significant correlate and predictor of a public software company’s value.
Read the complete article at Side-Hustling? DISCO Announces Fourth Quarter and Fiscal Year 2022 Financial Results | ComplexDiscovery
Cite: Robinson, R. (2023) Side-hustling? Disco announces fourth quarter and fiscal year 2022 financial results, ComplexDiscovery. Available at: https://complexdiscovery.com/side-hustling-disco-announces-fourth-quarter-and-fiscal-year-2022-financial-results/ (Accessed: 06 July 2023).
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Additional Reading
- eDisclosure Systems Buyers Guide – Online Knowledge Base
- A Running List: Top 100+ eDiscovery Providers
Source: ComplexDiscovery
