Technically Legal - A Legal Technology and Innovation Podcast - How Foundation AI is Harnessing Artificial Intelligence and Computer Vision to Classify and File Documents for Law Firms (Vivek Rao / Co-Founder & CEO)

How Foundation AI is Harnessing Artificial Intelligence and Computer Vision to Classify and File Documents for Law Firms (Vivek Rao / Co-Founder & CEO)

08/31/23 • 37 min

Technically Legal - A Legal Technology and Innovation Podcast

Vivek Rao, talks about his path from workers compensation attorney to co-founder and CEO of Foundation AI, an app that automates the manual process of collecting, categorizing and filing documents and unstructured data. The software is used by law firms and insurance companies and utilizes a combination of artificial intelligence, optical character recognition (OCR) and computer vision to process incoming documents and email by type, time-sensitivity, and matter or claim.

Vivek, a native of Los Angeles, figured he would get into entertainment law, but ended up as a lawyer working in real estate and finance.

Later on, he started helping a workers compensation firm handle case files. In that role, he saw an opportunity to use AI and natural language processing (NLP) to automate the manual work of processing and filing the thousands of documents his firm received every week.

After the acquisition of a medical AI company he represented as corporate counsel, Vivek started wondering if a similar technology could be employed in the legal and insurance industries and after some ideation, Foundation AI was born.

Vivek, a native of Los Angeles, figured he would get into entertainment law, but ended up as a lawyer working in real estate and finance.

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undefined - Why Effective Legal Operations Management is Good for Business and Frees Up Lawyers to Practice Law (Stephanie Corey & Liz Lugones – UpLevel Ops)

Why Effective Legal Operations Management is Good for Business and Frees Up Lawyers to Practice Law (Stephanie Corey & Liz Lugones – UpLevel Ops)

https://tlpodcast.com/why-effective-legal-operations-management-is-good-for-business-and-frees-up-lawyers-to-practice-law-stephanie-corey-liz-lugones-uplevel-ops/UpLevel Ops Founder Stephanie Corey and COO Liz Lugones visit the podcast to tell us why a good legal operations program is a crucial to managing the business side of law, so lawyers can focus on practicing law.

Stephanie and Liz break down what legal ops is and what it entails. They say it boils down to managing the business aspects of law–from the people and processes to the technology used.

Stephanie and Liz also fill us on why the right people in the right roles improves efficiency and productivity and how well-defined processes can help ensure that everyone knows what they need to do and when.

Liz and Stephanie also emphasize that organizations just can’t just throw tech at a problem to fix it. To make any improvement in legal operations, whether it be adding technology or tweaking a process, the first step is understanding the current state of what is being improved, specific legal department needs and the needs of the clients it serves.

They explain why legal ops is not not a one-size-fits-all approach, and that tailoring solutions is crucial. To figure out what their clients need, UpLevel uses thorough assessments to understand the current environment of a legal department and its goals and current processes.

The episode closes out with a discussion about why legal operations is an ongoing process rather than a one-time project and the importance of being ready to adapt and evolve as needs change.https://tlpodcast.com/legal-operations/

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undefined - Why the FTC’s YOLO Antitrust Strategy Against Amazon May Not Actually Be Good for Competition (Adam Kovacevich – CEO Chamber of Progress)

Why the FTC’s YOLO Antitrust Strategy Against Amazon May Not Actually Be Good for Competition (Adam Kovacevich – CEO Chamber of Progress)

tlpodcast.com/why-the-ftcs-yolo-antitrust-strategy-against-amazon-may-not-actually-be-good-for-competition-adam-kovacevich-ceo-chamber-of-progress/Adam Kovacevich, the founder and CEO of the Chamber of Progress, explains why he thinks the United States Federal Trade Commission’s recent efforts to curb what it believes to be anti-competitive activity by large tech companies may not actually foster competition and could impact innovation.

Most recently the FTC has targeted Amazon to reign in what the FTC perceives to be anti-competitive power over online sales and fulfillment.

The Chamber of Progress describes itself as a new tech industry coalition devoted to a progressive society, economy, workforce, and consumer climate. The organization promotes public policies that “build a fairer, more inclusive country in which all people benefit from technological leaps.” The New York Times describes it as “one of the most powerful tech lobby groups”.

Adam and the Chamber of Progress believe that the FTC’s change in philosophy under its current chairperson, Lina Kahn, could stifle technology innovation and actually harm consumers and sellers on the Amazon Marketplace. Under Chairperson Kahn, the FTC’s focus is less on the impact a company’s market power has on the consumer (i.e. pricing) and more on the structural and market power tech companies have over their respective industries.

Prior to founding the Chamber of Progress, Adam worked at Google for many years as a Senior Director for the company’s US Policy strategy. After Google he took a similar role at Lime-the e-bike and scooter company. Right out of college he was a staffer for his local congressman and ultimhttps://tlpodcast.com/?p=6857ately handed press duties for Senator Joe Lieberman.https://tlpodcast.com/?p=6857