Alexei Gogolev
JPMorgan Chase & Co, Research Division

Okay. Hello, everyone, and welcome to JPMorgan Boston TMC Conference. My name is Alexei Gogolev, Head of Vertical SaaS Research. And today, I'm delighted to be hosting Intapp management. We've got John Hall, Company CEO; and Dave Morton, Company CFO. John, Dave, welcome. And if I may begin the conversation framing the story and kind of discussing what to watch out for.

Alexei Gogolev
JPMorgan Chase & Co, Research Division

So first of all, there is a debate, obviously, whether AI reduces demand for professional services. So John, what are you seeing that suggests AI is actually a tailwind for your customers, things like project matters and faster turnarounds? And do you agree that it's actually less of a headwind for your business?

John Hall
Chairman & CEO

Thanks for having us, Alexei. So Intapp focuses on the large financial professional services firms. We were a bootstrapped company focused on this specialized, highly regulated end market for many years, and we've built the company through multiple technology generations. And through that time, these firms have grown. The industries that we serve, the law firms, the accounting firms, the consulting firms, the investment banks, private capital investors, real assets investors, basically the large partnership segment of the economy, which is about 3% of the global economy.

It historically was very overlooked as a sector, but it's quite significant. And it sits at the center of capitalism. These people do incredibly important things to facilitate fundraisings and financings and