Technological adoption and innovations have changed the way most industries operate across countries. Many sectors that were hesitant to change have also been forced to leapfrog to advanced technologies because of the pandemic. One such industry is India's legal sector. Facilitating this change are some of the legal tech startups. There are around 30 - 50 startups in the country today that are operating in the space, with offerings ranging from information for users, legal consultancy, e-registration, introduction to lawyers, case tracking, and software for legal firms, among many others. While tech intervention was forced into the industry, what is making tech stay?
LEGALTECH IN THE NEW NORMAL
Legaltech continues to find more takers for several reasons. The primary reason is that the clients have understood that it reduces cost and firms have understood that it reduces time and effort.
Technology has democratized access to many things, including access to justice, by bringing down the cost. "Legaltech can help increase access to justice by making legal services more affordable and accessible to individuals and businesses that may not have been able to afford them previously," said Roma Priya, founder, Burgeon Law.
Legaltech is also saving time and money for law firms. For instance, it can automate time-consuming tasks, such as document review and contract management. Also, legaltech helps the industry stay updated with client expectations. "Clients are increasingly demanding more efficient and transparent legal services, and legaltech can help meet these expectations," she added.
Bu hikaye Entrepreneur magazine dergisinin Startups May 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin Startups May 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
