Leegality is a platform for digital business documentation. They provide secure, legally acceptable, tamper-proof, efficient Aadhaar eSign and eStamping facilities to businesses.
It was short-listed as a candidate for the prestigious Agami Prize owing to its innovation in digital documentation.
We, at Lawctopus, dig deeper and ask Shivam Singla, co-founder of Leegality, to shed more light on what sets them apart.
Please introduce yourself to our readers.
My name is Shivam Singla. I graduated from National Law School, Bangalore in 2016. I live and breathe startups, and have been involved with the startup ecosystem in one form or another for more than 5 years now.
Leegality is an eSigning and Documentation Management platform. Leegality aims to transform legal documentation processes across the economy and make them 10 times efficient.
Any kind of formal business transaction implies a formal legal relationship which is normally based out of a legal document. Right now, executing and managing these legal documents is a pain and adds significant overheads- primarily because these processes are highly paper dependent.
We are helping the market eliminate dependence on paper for documentation and digitize, automate and optimize processes around it.
What made you realise that wet signatures are a problem (i.e. Digital signatures are the solution) and when did you realise this?
Leegality was started with the aim of removing the struggles associated with Legal Documentation. We started out as a Do-it-yourself Documents Platform. Within a short period, we realised that the biggest pain point for the market was not document assembly but document execution.
We realised that if we can fix document execution by digitizing it, we can fix the entire documentation chain. This is when we realised the impact Digital Signatures can have on the economy and started working on providing eSigning solutions.
How do you think digital signatures will impact India in the near future?
Digital Signatures are not just much more scalable and convenient but are in fact much more secure than wet signatures.
Considering the move towards a digital India, I am sure implementation of Digital Signatures will be one of the most crucial determinant of how successfully the vision of Digital India is achieved.
Digital Signatures will probably see a boost as recently seen by digital payments in a period of 2-3 years.
How has Leegality’s journey been till now? What have been some of the major successes and major hurdles along the way?
Just like any other start-up, we definitely had a lot of ups and downs, especially in the early days when we were new to the SaaS market.
Over the course of our journey, we have seen tremendous growth and maturity- in terms of our client base, our traction, our product offerings, and obviously our entire team has also personally come a long way.
How do you think you can educate enterprises about the value of digital signatures? Did the recent Aadhar judgement change something for Leegality?
I do not think any sound enterprise doubts the value digital signatures can bring to their processes. Over time, operational and ecosystem maturity will definitely help convince more and more of the market to switch to digital signatures.
Aadhaar eSign is one kind of Digital Signature that can be used in our platform.
Aadhaar eSign removes most of the operational concerns with traditional dongle based digital signatures, and we have always believed in its potential to transform the rate of adoption of digital signatures.
Aadhaar eSign is backed by the Information Technology Act and as such, in our opinion, is completely compliant with the Supreme Court Judgement.
Please tell us about your team.
Our founding team has two developers and two law graduates.
Prakhar Agrawal and Mohd Amir oversee our technology, Sapan Parekh– who is also a graduate of NLS takes care of business, and I handle product and strategy.
Together we have experience of having worked in multiple start-up companies, mature technology companies and law firms.
How can law schools, law students and young lawyers contribute to your initiative? Could you suggest some ways in which they can learn about the problem that Leegality is trying to solve?
Law Students and young lawyers will eventually start noticing the importance of the things we are trying to do.
The market in general definitely needs much more information about digital documentation and digital signatures. We are actively working to create a lot of content and become a thought leader in this segment.
Law students who want to help us out can definitely reach out to us.
What does the expansion plan look like for Leegality – both in terms of people and services?
Our product offerings are expanding at a massive rate. We now have a complete Documentation Platform which can help manage the entire lifecycle of a Legal Document. I
n terms of our team, we are planning to stay lean for a few more months till we feel we have a business machine ready to scale to 100x of where we are right now.
Since many of our readers are college-going young people, tell us something about your college life.
Very early on in my law school life, I was convinced that I wanted to work for start-ups. During my college days itself, I started working part-time with various start-ups in different roles.
I was heavily involved in a food-tech start-up – Bhukkad which was run by a senior of mine- Aruj Garg, and was also actively writing about the start-up ecosystem with Yourstory.com.
I was always willing to work for any kind of event organisation at college. I was also active with the Law and Technology Society at NLS for a few years.
Your advice for future entrepreneurs, innovators or people just looking to start things.
The gyaan generally is to just get out and start doing things. I, however, believe that it is equally, if not more, important to know your domain inside out.
Doing things in the right direction is extremely important for any tangible success. Domain expertise reflects in everything you do- how you build, how you sell, how you communicate.
I would suggest any innovator to actively learn the market practices they are seeking to change, know every part of it, have a good idea of how they want these practices to look once their solution is in place, and then work towards bridging the gap.
How quickly, how well and at what scale you can fix this gap should define success for an innovator.
What book, movie or sport do you draw your inspirations from?
I usually do not rely on fiction for inspiration. I spend a lot of time trying to know life stories and struggles of highly successful innovators. That is what inspires me to keep moving.
The interview was conducted by Ribhu Mukherjee. I like everything start-up.