How Stretto Delivers Chapter 11 Bankruptcy Data At Scale
Bankruptcy professionals agree that PACER is full of the most important moments in a restructuring, but those professionals also agree that anyone who has tried to use PACER under deadline and at scale knows the truth: the documents are public, yet the insight is still hard to reach. Your podcast host, Charlie Uniman, joins Randall “Randy” Reese, Managing Director at Stretto (https://www.stretto.com), to unpack how bankruptcy professionals actually find the needle in the haystack and what happens when you turn decades of Chapter 11 dockets into a product. Randy walks us through his path from Skadden’s restructuring practice into building a legal tech company around a simple pain point: meaningful Chapter 11 filings often never show up in traditional legal research, and even elite firms struggle to search docket materials across cases. Randy digs into what it takes for Stretto to curate and tag filings at scale, why the metadata that Stretto provides makes such a difference, and how the cross-case bankruptcy research that Stretto makes possible changes the way lawyers draft motions, negotiate deals, and cite real-world precedent. The discussion "gets practical" about modern AI. Randy explains how Stretto is connecting its bankruptcy docket data into the tools lawyers already use via MCP connectors, so research, citations, and source links can flow directly into AI-assisted drafting workflows. Then the discussion zooms out to "Conductor," Stretto’s RAG-based chatbot designed to answer bankruptcy stakeholder questions from case documents only, To close, Randy shares hard-earned advice for legal tech founders whose startups are possible acquisition targets: what you can document, what you can’t, and why trust and shared expectations often decide whether the deal succeeds long after signing.
