We speak to Rob Feigenbaum, co-founder, president and CEO of Prevail Legal, which is a newly launched digital testimony management platform designed to capture accurate testimony easily in real-time.
Put simply, Prevail leverages speech to text technology to immediately transcribe live depositions, and the Prevail platform integrates those depositions within your work product.
Speaking with Legal IT Insider editor in chief Caroline Hill, Prevail’s co-founder and president Rob Feigenbaum began by introducing the philosophy behind the company: “Our whole approach is that with a testimony, the end-product has always just been the transcript. Our approach is that the testimony is the product, and if organised properly you can get so much extra value out of how you work with that testimony.”
Feigenbaum explained that while real time court transcription has existed for decades, this has been in the form of a stenographer, and only around 9% of all stenographers in the US are certified to work in real time. With a very limited pool of people, there is a natural inflation of prices and something that he considers should not be a luxury item is in fact something that a relative few can afford.
Talking about the adoption of Prevail, Feigenbaum observed that COVID has broken down many of the existing barriers to technology adoption and said: “What is really interesting is that the attorneys that are taking to it the fastest are the ones that you would expect the least, which are the more senior partners.”
Feigenbaum sold his eDiscovery consultancy CLT Ventures to FTI Consulting in 2010, followed by six-year role at Nuix, and is a well-known figure in the eDiscovery world. When it comes to wider recent eDiscovery trends, he says one of the most interesting shifts has been the move to remote eDiscovery. “Remote collection has been available for years, but has now become far more essential. Using vendors that have the capability and software products that can do remote collection, has become key within the space,” explained Feigenbaum.
Despite overall advances in eDiscovery, Feigenbaum says that the AI revolution that many were anticipating has not materialised. “It’s not a revolution, I think that the number of stories about AI is less than it was three years ago, for many in the legal tech space, it feels like we have talked about it, but where is it? I think that there are places where it is helping and adding new value, but I don’t think that it is what people expected.”
You can watch the interview on Litera TV here: https://www.youtube.com/watch?time_continue=1761&v=U2mjAdHb3Xk&feature=emb_logo