APRIL 20174Legal technology is booming, with companies attempting to disrupt the legal space at every level and from every angle; and with good reason. Some estimates value the market size at as much as $400 billion. While legal still hasn't caught up with other industries -- either in terms of funding or widespread adoption, the future is bright and coming at us fast. Legal has been a tough nut to crack because there is significant non-uniform regulation and risk-averse, disaggregated stakeholders. These factors have slowed disruption. But change is high: consumers are demanding more efficient, transparent and affordable legal services and lawyers are looking for cutting-edge ways to compete in an oversaturated market.In last few years, the role of startups in India in providing legal services in corporate sector has multiplied. These startups primarily engage and specialize in designing equity and loan instruments, writing infrastructural contracts, power contracts, drafting of project finance contracts, finalizing transnational investments, joint ventures and technology transfer contracts. Globalization has thus expanded the internal and external demand for legal services.Startups that provide an online marketplace for services of legal professionals, including lawyers and chartered accountants; have realized that there is a lot of untapped potential in the sector. In the bargain, they are driving down the price of such services in the virtual world. Thousands of professionals, especially those in small cities and towns, are increasingly becoming part of these marketplaces and find that they gain access to a new market opportunity that is being made possible by the power of aggregation on the internet. In our current edition, we have listed "10 Best Startups in Legal & Advisory" that are helping entrepreneurs and small business owners start, manage and grow their business with peace of mind at an affordable price. Their aim is to educate the entrepreneur on the legal and regulatory requirements and be a partner throughout the entire business lifecycle, offering support to the company at every stage to make sure they are compliant and continually growing. We also recommend you read our cover story on kaanoon.com, an online legal marketplace that makes highly quality legal solutions accessible and affordable to all.Do let us know your thoughts.Nandini MukherjeeManaging EditorLegal Startups - Transforming the Delivery of Legal ServicesEDITOR'S NOTE Vol 2 · Issue 11-1 · April 2017 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Ananth. V Pooja Devi Pushpita Das Sales & Marketing Ashu Sethi Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2017 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran Perumal Sr .Visualiser Maitreyee Visualiser Manjunath Sr. Manager Sales & Marketing Amrit Singhsiliconindia
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