Mumbai: Cyril Amarchand Mangaldas (CAM), one of India’s largest full-service law firms, is setting up the country’s first legal technology incubation centre in its New Delhi office. The centre, named ‘Prarambh’, will work with young entrepreneurs to forge new tech-based solutions for the legal industry.
The firm is looking to build an ecosystem of technology and startups around traditional legal areas such as access to justice, dispute resolution, transaction efficiencies, law firm operations, legal research, compliance and contract management, among others.
“During our initial exploration, we found that a great deal of technology being used in other jurisdictions is not fully suited to the Indian legal market," said Cyril Shroff, managing partner, CAM. “I am confident that ‘Prarambh’ has all the ingredients to radically transform the legal-tech landscape, impacting both transactions and dispute resolution."
The incubation programme will initially select three to four startups that have the potential to meet real-world challenges. It is setting up infrastructure in New Delhi and will later expand to Bengaluru.
“We have seen a huge gap between legal and technology evolution in India. With the firm’s lineage, brand, infrastructure, subject matter expertise across domains and mentorship, we believe that ‘Prarambh’ is the ideal incubation platform," said Komal Gupta, head of artificial intelligence and innovation practice, CAM. She will be leading the initiative.