5 legaltech startups that are leveraging technology to enable speedy justice
The pandemic accelerated digital adoption not only in the fields of health, catering or travel, but the legal sector has also been forced to change its outlook.
However, while dispute and dispute resolution processes have reportedly undergone fundamental changes, there is still much to be done. As the former Chief Justice of India, SA Bobde, noted in his farewell address,
“Access to justice now depends on access to technology.”
the legaltech sector is becoming a crucial offshoot within the traditional legal industry. Combining technology and legal services, many new era startups have entered the market to make the industry more efficient, more efficient and accessible to everyone who needs it.
These startups offer a range of services to simplify the work of lawyers with technology-driven solutions.
YourStory has compiled a list of five startups that offer fast, quality legal services while leveraging technology:
Founded by Raman Agarwal and Anju Aggarwal in 2019, Based in Chandīgarhhas developed an end-to-end platform for private courts to facilitate Alternative Dispute Resolution (ADR) mechanisms, including assisted negotiations, conciliation, mediation and arbitration – without filing physical documents or attending in-person meetings.
The startup calls itself a marketplace and aims to make receiving justice as easy as any online retail service.
It uses blockchain to store confidential documents and an AI (artificial intelligence) tool to analyze disputes and determine the necessary mechanisms.
In December 2021, Jupitice raised $4 million in funding from ALMAS Capital as part of a pre-Series A round.
Founded by Manish Kaul in 2015, based in Delhiis an online discovery platform that allows users to search for lawyers and law firms for advice.
Manish Kaul, COO, SoOLegal
It enables law firms and lawyers to more broadly align their practices with contemporary needs, both operationally and functionally.
The startup offers reputation management such as publishing professional content, personalized websites, comments and a platform to review and practice management – such as time tracking, CRM, billing/payment systems and document/knowledge management. It also enables professional development through conferences, seminars, e-learning and workshops.
In October 2020, SoOLEGAL raised $4 million from private investors and family offices in India to introduce new solutions for lawyers to improve their legal practice and improve user experience.
Founded in 2017 by Tushar Bhargava and Anshul Gupta, MikeLegal, Gurugram-based legaltech startup is an AI-powered legal assistant that helps legal teams automate tasks, increasing efficiency and reducing time spent.
With an AI algorithm, the startup says teams can make better, data-driven decisions in less than a quarter of the time previously.
The startup claims to work with over 100 companies, starting with various law firms and Tier I companies such as Pidilite, Hero MotoCorp, Bajaj Finance, Reliance Industries, and Sun Pharmaceuticals, among others.
In April 2022, MikeLegal raised a funding round with SOSV and Artesian to strengthen its product and sales team and expand its operations into other legal and geographic areas.
founded in 2017 by Shashank Bijapur, Madhav Bhagat, and Rohith Salimoffers an end-to-end AI-powered legal technology solution that enables organizations of all sizes to review, draft and manage contracts from their platforms.
Madhav Bhagat (left) and Shashank Bijapur
It offers content creation that helps in drafting a contract; contract analysis, which analyzes contracts and helps to understand their elements; and finally, contract management, which helps to understand the business aspect of a legal document and implement it without any human intervention.
The startup aims to simplify the creation and management of contracts through lawyer-approved templates. It helps users put businesses on autopilot.
In 2019, SpotDraft raised $1.5m in a funding round led by 021 Capital, Girish Mathrubootham and Peeyush Ranjan, backed by Binny Bansal, among others, to expand its global footprint.
The startup is backed by venture capital firm 500 Startups, Cube founder Satyen Kothari and Japan’s Spiral Ventures.
Founded in 2019 by Arvind Singhatiya, Partha Sen and Deepak Prajapati, Gurugram-based legal tech startupallows clients seeking legal advice to consult attorneys regarding their legal matters effortlessly and confidentially.
Dr. Arvind Singhatiya, Founder and CEO, Legalkart
Powered by smart technology, the startup offers services like helping lawyers assign tasks and sync calendars. It also provides advanced features such as financial management, client management, document and team management.
Previously, their services were limited to audio consultations only, but LegalKart has also launched a video call feature to ensure superior call quality and provide a smoother user experience.
It also has an instant legal document review feature alongside the video call feature.
The startup has worked with clients such as Zoomcar, Shadowfax, OLA, SpringRole, and Rivigo, among others.
In 2019, LegalKart raised Rs 3.5 crore in seed funding from angel investors.