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31 May 2019
Cyril Amarchand Mangaldas (CAM), has set up India’s first legal tech incubator, Prarambh. Prarambh will work with young entrepreneurs to come up with new technology-based solutions for the legal industry. This will include areas related to access to justice, dispute resolution, transaction efficiencies, law firm operations, legal research, compliance, contract management, managing legal talent and others. The incubator will initially be housed at the firm’s New Delhi office, and later extended to other locations.
“The potential is enormous,” said Cyril Shroff, the firm’s managing partner. “During our initial exploration, we found that a great deal of legal technology being used in other jurisdictions is not fully suited to the Indian legal market. This means there is both ‘need gap’ and an ‘adjustment gap’ that we are seeking to fill. CAM also believes that there is a deep pool of undiscovered and undersupported legal and technology skills in India that can be fostered to fill this gap. I am extremely confident that Prarambh has all the ingredients to radically transform legal-tech landscape impacting both transactions and dispute resolution, CAM is setting the ball rolling for emergence of India as an important player in this legal technology domain.”
The list of shortlisted startups will be announced on May 31; candidates will be invited for interviews and to make a pitch in June.
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