Cyril Amarchand Mangaldas' LegalTech incubator Prarambh invites startups to the 2nd cohort

India’s leading law firm, Cyril Amarchand Mangaldas, today announced the launch of the second cohort of India’s first LegalTech incubator – Prarambh.

The applications are invited from startups that are in the ‘development and/or ready to scale stage’ for the virtual incubation programme. 3-4 high potential startups will be selected basis a comprehensive evaluation process, and they will be mentored by a panel of leading international innovators, industry experts, and lawyers from Cyril Amarchand Mangaldas.

Launched in February 2019 as a part of Cyril Amarchand Mangaldas’ focus on innovation and technology, Prarambh is recognised for supporting the domestic talent in developing quality LegalTech products, and significantly enhancing the interest in adoption of technology amongst the legal fraternity.

Prarambh Cohort 2 is designed as a 10-weeks virtual incubation programme, with focus on mentoring existing startups in the LegalTech space, to develop solutions that align with the practical requirements of law firms, corporate legal departments, judiciary and independent practitioners.  The experts will work closely with the startups in enhancing and testing their products and will also focus on other skills which will help them sharpen their business acumen.

Cyril Shroff, Managing Partner, CAM, said, “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 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, and enable smooth functioning of remote workforce.

“With remote working emerging as the new normal, it has become integral for legal industry along with other industries to take a step towards technological upgradation and innovation. After implementing methods that use artificial intelligence and machine learning, we are already halfway through and will only go forward from here,” added he.

Leegality, LegalMind, and JRTC Intern formed a part of Prarambh’ s first cohort that concluded on April 30, 2020.