Cyril Amarchand Mangaldas (CAM) has started ‘Prarambh’, India’s first ever legal tech incubator at a law firm.
Through Prarambh, CAM aims to augment the spirit of entrepreneurship and innovation, identify domestic talent and support upcoming technologies in the business and practice of law.
Purpose of CAM’s Prarambh:
- Supporting innovation in the field of legal technology
- Enabling startups with a cosharing workspace and IT infrastructure
- Ensuring the right subject matter expertise is provided to the developer
- Mentoring the startups throughout the lifecycle and guiding them to commercial success
- Nurturing and encouraging domestic talent to be a world leader in legal technology design and development
Prarambh will work with young entrepreneurs to come up with new technology-based solutions for the legal industry. This will include areas related to:
- access to justice
- dispute resolution
- transaction efficiencies
- law firm operations
- legal research
- contract management
- managing legal talent
The submission of applications will open from 8th April and will close on 30th April. The application link will be available on CAM’s website from 8th April, 2019.
Applications will be open to technology start-ups developing products or services for the legal industry.
Initially, 3 to 4 high-potential startups will be selected.
These new businesses will be supported by Prarambh to bring their ideas to fruition, and guided to make them to commercial success. The incubator will also be guided by a board of “mentors” assembled by CAM for this purpose
The list of shortlisted startups will be announced on 31st May 2019.
The candidates would be invited for interview and to make a pitch in June 2019, which will be followed by announcement of successful candidates in the 1st week of July 2019.
The successful startups will move into the firm’s premises at a suitable date in the next 4-6 weeks thereafter.
Full details are here.
Also, read about the Agami Prize which is changing the legal innovation landscape in India.