CS Disco (LAW) investor relations material

Company overview and market positioning

• Focuses on AI-native legal technology for high-stakes litigation, leveraging over a decade of innovation in eDiscovery and legal workflows.

• Built by litigators for litigators, addressing the shift from manual to technology-driven discovery as data has become electronic.

• Targets large law firms (Am Law 100, Magic Circle) and highly litigious corporations, refining its ideal customer and matter profiles for growth.

• Achieved three consecutive quarters of re-accelerated growth, with 14% growth last quarter and a focus on expanding wallet share among top customers.

• On track to achieve EBITDA positivity in Q4, emphasizing sustainable profitability and operational maturity.

Product innovation and AI integration

• Cecilia AI is deeply integrated into the platform, providing context-aware, defensible, and auditable AI capabilities throughout the litigation lifecycle.

• Cecilia Advanced Research acts as an autonomous agent, enabling multi-step reasoning, context extraction, and advanced case analysis within a secure environment.

• Integration of primary law (case law, statutes, regulations) with eDiscovery data creates a unified, semantic understanding of facts and law for litigation teams.

• The platform's specialization in litigation differentiates it from general legal AI tools, offering end-to-end solutions tailored for high-stakes cases.

• Customers report strong preference for Cecilia, citing its ability to keep sensitive data secure and context-rich without moving between tools.

Competitive landscape and differentiation

• Does not compete directly with vendors like Harvey, Lagora, or Anthropic, which focus on transactional law; instead, benefits from their efforts to increase AI adoption in legal markets.

• Specializes in litigation, addressing unique needs of litigators who require accuracy and defensibility, unlike general-purpose legal AI tools.

• Provides a unified environment for facts and law, reducing risk and complexity compared to using multiple platforms.