SAN FRANCISCO — At the CODEX Future Law Conference earlier this month, there was a lot of talk about the need for legal industry innovation—and the obstacles standing in the way. Speaking at one panel, Raj Abhyanker, CEO and cofounder of LegalForce Trademarkia.com, proposed a $10 million lawyer-run venture fund aimed at helping startups establish themselves and build their patent portfolios, “to help our own profession succeed,” he says. The Recorder caught up with Abhyanker to learn more.

Q: Why do you think launching a venture fund with your fellow lawyers is important?