CAM legal tech semi-incubator selects 3 more start-ups that are ‘ready to scale’ this time

Cyril Amarchand Mangaldas’ Delhi-based legal technology support programme Prarambh, which had been launched in 2019 and had ‘mentored’ four start-ups so far without a direct pecuniary element, has selected another three legal tech startups that it wanted to work with more closely over 16 weeks from today (7 June).

Fundamentally, CAM assists the start-ups with partner and lawyer time to test, improve and market their products and services better, though this time apparently a new calendar for a virtual cohort has been put together.

CAM chief innovation officer Komal Gupta said in a press release: “The program for the second cohort has evolved and includes the feedback, learnings and experiences from the first cohort. The program will have a more tailor - made calendar to cater to the specific needs of each of the startups during the 16 weeks.”

According to a CAM press release, the new start-ups in the second cohort of the programme are:

Conduct is a culture compliance tech solution focused on bringing data at the forefront of diversity & inclusion building and management at the workplaces. The internal committees of a company can manage the complaints, minutes of minutes, identify quorum, prepare conciliation and inquiry reports through this secure system.

Presolv360 is an independent institution that facilitates and administers dispute resolution services via its cloud- based end-to-end online dispute resolution (‘ODR’) platform and specializes in small to mid-value commercial dispute resolution by making it data-driven and inclusive. The disputing parties can avail their services from the comforts of their homes and offices from laptops, desktops or even simple mobile devices

PropertyChek is India’s first Property Legal Process Management (PLPM) SaaS platform that helps banks and financial companies conduct title due diligence and registration before issuing loan mortgages for real estate properties. It provides end to end real estate legal and support services which includes Project finance reports, Title Search Reports, Legal Opinions, vetting, other property documentation services, RERA check, Query report and Notice of Intimation (loan registration), Stamp duty payment, franking, Registration of Title Documents and Document Collection.

In 2019, for its first cohort, CAM had selected three start-ups: JRTC Intern (a talent management platform), Leegality (an electronic signing service) and LegalMind (a deep learning research play).

CAM partner Rishabh Shroff said in the release: “We learnt from our experiences in Cohort 1, and this year focused on chosen areas of interest. We wanted to focus on start-ups in “ready to scale” stage. Besides making it more practical to do an online Cohort this year due to Covid, we are confident we would be able to achieve our goals to expeditiously help develop technology solutions servicing the legal needs of law firm and other companies, the demand for which has extrapolated in the Covid era.”

We have asked what has happened to the four start-ups in that first cohort, and particularly whether these have, indeed, scaled.

Update 14:25: Gupta said that the first cohort’s start-ups were independent, “our alumni” and were “doing well”, and would “continue to participate in parts of the program that interests them and will also be sharing their learnings and experience with the second cohort”.

Managing partner Cyril Shroff added that each of the start-ups were “addressing our chosen areas of interest”. “Addressing these challenges requires an ahead of the curve mindset and approach, with continuous innovation,” he said. “I am sure with that with help the experts at Cyril Amarchand Mangaldas, these start-ups with be able to develop more scalable technology solutions for the legal and corporate sectors, that would help fill a critical void, besides making a positive contribution to economy and society.”

Comments

Scale Up 7 Jun 2021, 13:42
+12 -2
The CAM response suggests the first cohort haven't scaled up.
Guest 7 Jun 2021, 20:48
+15 -0
The first and (now) second cohort members neither look promising or prestigious to trigger good startups to join CAM. I hope they also understand that a pilot with multiple upscaling firms > CAM (with limited flexibility). All the best to them though
Guest 8 Jun 2021, 03:08
+5 -19
Legally India comments section has become Twitter, people only troll and criticise. CAM should be commenced to give these start ups a real life testing and pilot opportunities, for investing their time and efforts into this.
oh plssss 9 Jun 2021, 07:11
+14 -1
CAM does not even "mentor" it's own retainers and partners.It does not even call it's retainers as employees.And when partners leave,it makes snide comments of labelling the hiring firm as "smaller firm",that's just a cheap shot at the hiring firm and the leaving partner.Thats why i don't buy this "mentoring" story by CAM, in start up firms where it has not even made pecuinary investments.Me thinks its probably doing this to look for legal tech investment or to tie up with a firm where they have bargaining power and can offer it to CAM clients for a sky high price or something.It surely stands to gain something and this is ok in business, but its definitely not generosity, giving or benevolency gestures of CAM.
Agree 9 Jun 2021, 10:01
+12 -0
YaI find it hard to digest the whole "mentoring" story. It would shock me that CAMs wasting precious billing hours to allow start ups to use their time, employees ,legal knowledge to test,improve , market their legal tech products & services.Its like hand holding a competitor, these start ups compete with CAM in the legal space in some ways.CAM loves it's Tier1 top position and is too competitive to do something like that.
Guest 8 Jun 2021, 04:00
+18 -1
Gotta hand it to LI , the perfect query -We have asked what has happened to the four start-ups in that first cohort, and particularly whether these have, indeed, scaled.......& that reply - the first cohorts start ups being "independent" sounds like they have had enough of "mentoring" in the first round.
Lassi 8 Jun 2021, 04:51
+1 -7
The associate didnt become partner in a year
Small small 8 Jun 2021, 16:32
+10 -1
CSS And CAM is "mentoring" legal tech start ups,why.How small are start up platforms, according to him? Small platforms are savvy enough for his time?
Guest 11 Jun 2021, 01:30
+6 -0
Legal Tech semi incubator? incubator?These start ups started out on their own,your probably looking for "ready to scale" companies in your "chosen areas of interest" because maybe it serves your future business interests.The "incubator" program depicting a saviour syndrome of sorts of CAM saving or birthing some start up for legal sector,let's just dial it down a bit no matter how much that PR plays it up.Call it mentoring and incubator all you like,but its a business program that benefits the start ups but also aligns with your business interests and opportunities.
Guest 12 Jun 2021, 06:43
+10 -0
This is a sham unless a law firm is actually an investor either as a firm or individual partners. If you don't put in money they you obviously don't believe in technology. This is a mere PR exercise to mimic the west coast US firms and generate press releases.
Guest2 12 Jun 2021, 13:40
+8 -0
Could be worse,maybe it's to scope out the legal tech ideas from market to build indigenous software just for their own law firm and maybe even the clients.I don't believe CAM is doing this to foster start ups, its way too a selfish-cultured firm.
Lassi 14 Jun 2021, 06:01
+0 -3
And Mark Cuban didnt vare for his returns at all?
Lassi 14 Jun 2021, 06:01
+0 -3
Even if so, still with more foresight
No No 14 Jun 2021, 06:50
+3 -0
It's not foresight It's aping the west mindlessly.
Bubate 28 Jun 2021, 13:22
+1 -0
The incubator produces ..andas