Prarambh, the legal technology incubator founded by Cyril Amarchand Mangaldas, has announced the winners of its first batch. JRTC Intern, Leegality and LegalMind have been selected from amongst 51 applications.
These applications were thoroughly evaluated by a distinguished jury on 12 pre-defined parameters, after which three startups were selected. Starting October 9, the winning startups will move into Prarambh, housed at the Delhi office of Cyril Amarchand Mangaldas.
The winning startups are working on a diverse range of products including talent management, workflow for eStamping and eSignature, and AI-based legal research.
Launched with a view to supporting innovation in the field of legal technology, the Prarambh initiative will aid young entrepreneurs in coming up with new technology-based solutions for the legal industry.
Managing Partner of Cyril Amarchand Mangaldas, Cyril Shroff said at the launch of Prarambh in February this year,
“Our Firm has a proud tradition of innovating in the Indian legal market. We have been first to adopt a number of new technologies in the legal space, such as artificial intelligence based machine learning, and we are now the first to support and incubate technology start-ups.”
The areas covered by the initiative will include access to justice, dispute resolution, law firm operations, legal research, compliance, and managing legal talent, among others.
Applications for selection to Prarambh opened in April this year.
Prarambh is an initiative fostered by the CAM Innovation Lab, which was set up in May 2017. The team is headed by Komal Gupta, who has over fourteen years of experience in the fields of legal operations management, business development, and regulatory compliance. In a press release, Gupta stated,
“We received a stellar response from across the country. The quality of ideas reflect that Prarambh will be a major contributor to driving innovation in the Indian legal sector. As we look forward to inducting the first cohort, we will make sure that these ideas get quality mentorship, and the final products serve the legal community at large by maximizing functional efficiencies. We have laid down a detailed mentorship program bearing in mind the needs of a startup. This program will not only help them develop their product but will also strengthen their business acumen and make them future ready. We look forward to making a difference!”