Cyril Amarchand Mangaldas to set up India’s first legal tech incubation centre

  • The centre, named ‘Prarambh’, will work with young entrepreneurs to forge new tech-based solutions for the legal industry
  • Cyril Amarchand Mangaldas is looking to build an ecosystem of technology and startups around traditional legal areas

Maulik Vyas, Jayshree P. Upadhyay
Published20 Feb 2019, 12:39 AM IST
(iStockphoto)

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.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:20 Feb 2019, 12:39 AM IST
Business NewsCompaniesNewsCyril Amarchand Mangaldas to set up India’s first legal tech incubation centre

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bandhan Bank share price

    206.20
    02:11 PM | 11 OCT 2024
    18.45 (9.83%)

    Tata Steel share price

    160.80
    02:11 PM | 11 OCT 2024
    1.15 (0.72%)

    Axis Bank share price

    1,169.70
    02:10 PM | 11 OCT 2024
    -14.05 (-1.19%)

    Zee Entertainment Enterprises share price

    130.15
    02:10 PM | 11 OCT 2024
    0.75 (0.58%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    JM Financial share price

    153.60
    01:57 PM | 11 OCT 2024
    8.5 (5.86%)

    Page Industries share price

    45,400.00
    01:54 PM | 11 OCT 2024
    1264.7 (2.87%)

    Divis Laboratories share price

    6,057.00
    01:57 PM | 11 OCT 2024
    116.5 (1.96%)

    HCL Technologies share price

    1,832.95
    01:57 PM | 11 OCT 2024
    22.95 (1.27%)
    More from 52 Week High

    Cummins India share price

    3,587.15
    01:57 PM | 11 OCT 2024
    -194.2 (-5.14%)

    Creditaccess Grameen share price

    1,071.95
    01:57 PM | 11 OCT 2024
    -47.45 (-4.24%)

    Star Health and Allied Insurance share price

    550.00
    01:57 PM | 11 OCT 2024
    -17.2 (-3.03%)

    Jubilant Pharmova share price

    1,149.80
    01:56 PM | 11 OCT 2024
    -34 (-2.87%)
    More from Top Losers

    Bandhan Bank share price

    205.85
    01:57 PM | 11 OCT 2024
    18.1 (9.64%)

    Triveni Turbines share price

    798.00
    01:57 PM | 11 OCT 2024
    53.75 (7.22%)

    Nippon Life share price

    682.25
    01:57 PM | 11 OCT 2024
    40.55 (6.32%)

    Network 18 Media & Investments share price

    80.93
    01:57 PM | 11 OCT 2024
    4.65 (6.1%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      76,645.00-50.00
      Chennai
      76,651.00-50.00
      Delhi
      76,803.00-50.00
      Kolkata
      76,655.00-50.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.76/L0.01
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts