Cyril Amarchand Mangaldas (CAM) on Friday announced the launch of the second cohort of India’s first legal tech incubator, Prarambh.
Prarambh was launched on February, 2019, with a view to support innovation in the field of legal technology and to aid young entrepreneurs in coming up with new technology-based solutions for the legal industry.
Announcing the launch of the Prarambh Cohort 2 CAM Managing Partner Cyril Shroff stated in a press release,
"Extraordinary times call for great innovations. For businesses, this year is a story to tell, partly because how businesses have realised the need for transformation, especially with respect to use of technology. Riding on this learning is the second innings of Prarambh. The first cohort of Prarambh concluded on a high note and we believe second edition of Prarambh will lay foundation for development of LegalTech solutions for India’s legal sector that is set for a huge technology led transformation."Cyril Shroff
The release further points out that the focus of this cohort is to build technology-driven business solutions that are relevant for the post-COVID world and will improve access to justice, law firm operations, litigation competencies, increase transactional efficiencies, access to government programs and reforms.
Applications for selection to the second edition of Prarambh will remain open from October 12 to October 25. Applications are invited from startups that are in the ‘development and/or ready to scale stage’.
Prarambh Cohort 2 is designed as a 10-week virtual incubation programme, with a focus on mentoring existing startups in the legal tech space, to develop solutions that align with the practical requirements of law firms, corporate legal departments, the judiciary, and independent practitioners.
Earlier, Leegality, LegalMind, and JRTC Intern were announced as the winners of Prarambh’ s first cohort, which concluded on April 30, 2020. These startups were housed at CAM’s Delhi office.
Speaking on the second edition of Prarambh, CAM Partner Rishabh Shroff said,
“Covid was a wake-up call for many law firms and corporations. With the courts themselves going online, the Indian legal sector is realising the need to embrace technology to improve how law firms and corporate legal teams operate. With our detailed program, vision, and expertise, we hope to mentor these startups to become problem solvers for the Industry. It makes us proud to be leading this revolution to transform the law industry for better.”
[Read Press release here]