The Role Of Startups In India In Providing Legal Services Has Multiplied

Nandini Mukherjee, Managing EditorThe Indian legal market has seen a dynamic change in the past decade. The ever-increasing interplay of legality and commerce has lead to the sector making enormous strides in an attempt to capitalize on this swiftly developing corporate landscape, both within the nation and beyond. The sector is experiencing continuous growth because of the rise in international trade. Technological advancements are increasingly affecting every aspect of business, including the business of law. Keeping pace with this technology and the demands of clients in an increasingly complex
environment requires a different approach; one that recognizes today's realities. Also, consumers are demanding more efficient, transparent and affordable legal services and lawyers are looking for cutting-edge ways to compete in an over saturated market.

In last few years, new-age legal startups are changing the face of an otherwise known-to-be orthodox and traditional field. These startups primarily engage and specialize in designing equity and loan instruments, writing infrastructural contracts, power contracts, drafting of project finance contracts, finalizing transnational investments, joint ventures and technology transfer contracts. Startups that provide an online marketplace for services of legal professionals, including lawyers and chartered accountants; have realized that there is a lot of untapped potential in the sector.

In our current edition, we have listed "10 Best Legal Startups" that are helping entrepreneurs and small business owners start, manage and grow their business with peace of mind at an affordable price. The list features start-ups that aim to educate entrepreneurs on the legal and regulatory requirements and be a partner throughout the entire business lifecycle, offering support.