RISING DEMAND OF LEGAL TECH STARTUPS IN INDIA

By: S Chinmayee

Introduction

Technology is developing faster than ever before and has taken over the globe. Every aspect of life has now become reliant on technology, and the legal profession will be no exception.

Legal innovation, or legal tech as it is more popularly called, is the use of technology and software that can provide legal services, assist prosecutors by making their life easier, aiding them in providing legal assistance in a much speedier way, and making legal material more accessible to the masses.

Legal Technology Firms have sprung up as a result of technological advancements in the legal profession. These businesses use devices and systems to deliver all legal services through an internet site. Legal technology is rapidly transitioning from such a niche market to a key player in the wider legal profession.

The emergence of legal IT businesses in India is mostly due to technological advancements. The goal of these judicial tech businesses is to substitute attorneys' and other judicial practitioners' traditional techniques of legal practice with emerging tech-driven solutions.

As a consequence of today's contemporary technological system, attorneys are able to execute their duties more precisely and effectively, which benefits the general population.

Covid-19 Pandemic

The worldwide industry has been impacted by the Coronavirus pandemic. Because social distance has been the only method to prevent illness from spreading in civilization, the global workplace culture changed to an online system.

The epidemic touched every facet of society, such as the legal system. Covid-19 wreaked havoc on the judicial system, which was based on an outmoded model of dispensing justice and delivering legal assistance.

Originally, the procedure was to attend in person even before courts to have one's case heard. The epidemic, on the other hand, has forced the court system to develop technology, such as online trials or teleconference, where councillors and attorneys may actually appear for their cases while resting in their own homes.

Advocates, too, have the benefit of holding meetings with clients and providing answers to their customers through the internet. The epidemic has changed the way lawyers and other legal experts operate. It has improved chances for legal firms to technologically change.

Children have adapted to online education as law schools have moved online and shifted to an online form of instruction. Technologies has not only been a top priority for large law firms, but it has also maintained a priority for minor law firms, with legal new businesses investing in the same.

The virus has played a significant role in assisting legal tech businesses in offering legal aid in all aspects. As a result of the epidemic, the legal sector has been compelled to modernize and move towards digitalization.

Legal Technologies

Legal technology has grown in popularity in recent years, simplifying labour in the conventional legal business. Technology has undoubtedly altered every element of conventional law, be it online hearings, internet trials, or Artificial intelligence research work.

Legal technology, in the form of contemporary technology, involves coordination of legal professionals and consumers by providing speed, access, openness, effectiveness, adaptability, and comfort. Some legal tech firms aim to assist attorneys, while others want to help practitioners provide better legal services to customers and function more swiftly and effectively.

The main objective of these judicial IT businesses is to make the procedure easier and less time consuming. Artificial Intelligence (AI), Machine Learning (ML), Database Management, and Business Intelligence are all being used by both IT firms and the legal industry.

Few Legal Start Ups In India

Leagalkart

It was created in 2018 by Arvind Singhatiya. It's an app-based digital service that enables legal guidance and paperwork assistance. It has over 8,000 attorneys in 800 locations and has seen customers purchase 20,000 mins each month to discuss legal issues, processes, and for a cost that is less than Rs 500, a person may obtain 15 minutes in total from a professional 24 hours a day, seven days a week via the application.

LawRato

Rohan Mahajan established this judicial IT business. It is an interactive web feature that enables consumers to locate and employ practitioners as well as get elevated, low-cost legal assistance. LawRato has over 50,000 attorneys and has addressed over 1,00,000 legal problems.

Its most notable accomplishment was providing Nirbhaya's family with experienced attorneys who served pro gratis when the case reached the Supreme Court, regardless of the current case economic security.

For women victims of domestic violence and warfare widows, LawRato provides free legal support.

Presolv360

Bhaven Shah, Namita Shah, and Aman Sanghavi originally established it in June 2017 as an internet settlement of disputes judicial startup company Mumbai - Based.

It was founded with the goal of addressing the inadequacies of India's legal grievance resolution system by developing a quick, technology-based process that allows individuals to handle and resolve their issues online in a sustainable, cost-effective, and efficient manner.

Its goal is to relieve the strain on India's already overburdened legal system by allowing individuals to discover a cost-effective way to resolve their legal issues.

Lawyered

Himanshu Gupta established it in 2017 as a judicial IT company. Over 50,000 companies, 10,000 corporations, and over 100,000 people have sent inquiries.

It solves the demand for legal assistance by providing an accessible platform for those needing legal assistance to interact with legal experts and communicate with the advisors.

Aside from that, the legal technology industry assists undergraduates in connecting with large companies for apprenticeships, employment possibilities, training, mentorship, and connecting, among other things.

iPleaders

It was created in 2010 by Ramanuj Mukherjee as well as Abhyudaya Agarwal. It creates and delivers online legal and business courses with the goal of making legal education more accessible via the internet.

The company covers a diverse range of programs that are beneficial to everyone from law school students to attorneys, legal advisors, and government representatives.

The online business aims to gather information and provide tools for businessmen via weblog, instructional resources, seminars, and different coding. They also offer Bar Hacker, an online learning programme for the All-India Bar Exams.

LegalDesk

The Bangalore business was founded in 2014 only with goal of making legal processes more transparent and simplifying the judicial paperwork procedure through digitization. A professional staff of attorneys at LegalDesk draughts the papers with great care.

The firm just introduced eSignDesk, which allows parties to sign papers even if they are not physically present.

Conclusion

Technology has played a big part in the legal community, from utilizing detailed legal processes to offering online professional assistance and expertise, and it is inescapable and indisputable.

Technology has dynamically altered the structure of working of the professions in India, thanks to the growth of judicial tech companies. Because legal tech firms provide cost-effective and consumer-friendly solutions in a timely manner, the average person is more likely to contact them.

It also lessens the stress and strain that legal practitioners endure every day. As it has enormous potential, legal IT businesses have and will bring more effectiveness, safety, and efficiency to the sector.

The legal profession is progressing, trying to adapt technologies to create the legal sector more accessible and made available to the general public. Due to the epidemic, digitalisation has only recently begun to grow in the legal sector, that it is here to remain.

Legal technology has shown to be more dependable and effective, and if properly applied, it will give a readily available system with increased security.