Monday, February 3, 2020

LegalTech Startup TeleLaw Of India Is Emerging As Global Leader In Techno Legal Fields

Law and technology are never compatible and law is always behind the technology. Even if the lawmakers try to bridge this gap still world over law and technology are not good companions. This problem has escalated at the legal and judicial sides too and till the beginning of February 2020 we are still discussing whether we should use online dispute resolution (ODR), e-courts, etc in our respective jurisdictions. 

This is where the role of LegalTech industry becomes crucial. The LegalTech industry can infuse technological innovations into the almost stagnant legal and judicial systems of the world. But we are facing few problems in this regard. The first one is that there is a resistance from the legal fraternity and governments of various nations to use technology for legal and judicial purposes. The second problem is that most of the stakeholders are themselves not aware what LegalTech is and how to use it. For instance, a vast majority of stakeholders believe that LegalTech means forcing artificial intelligence and automation upon selective few aspects. This is the main reason why LegalTech industry is not growing as these tech hypes would be over sooner than we expect. With this we would witness a series of failures and closing of LegalTech projects world over.

We must accept the truth that LegalTech is neither AI/automation nor it means purchase of expensive hardware and software. Many beautiful LegalTech projects have been implemented by use of simple open source tools. In fact, a single tool can be used by different stakeholders differently and one may create a wonderful product or service while the other may create a total mess with the same tool. 

One such LegalTech pioneer is Perry4Law Organisation (P4LO) that has launched the world's first ever techno legal LegalTech project named TeleLaw. The TeleLaw is a techno legal and LegalTech startup recognised by the DPIIT, Govt of India. TeleLaw is a unique LegalTech project that is working to bridge the gap of access to justice and legal aid. It is also the exclusive techno legal startups in the world that is providing techno legal services in fields like artificial intelligence, quantum computing, machine learning, big data, cyber security, cyber forensics, e-discovery, international trade, e-commerce, privacy and data protection, etc. The list is just illustrative as TeleLaw covers almost all types of legal services.

TeleLaw is using open source tools to strengthen what matters most i.e. the process, expertise and deep understanding of and commitment to the end users. Most of the LegalTech stakeholders are not only suffering from over reliance upon AI but they have limited area of operation too. For instance, they are targeting lawyers/law firms only with no focus upon the process, team and end user. But TeleLaw is covering Business to Business (B2B) (like lawyers, law firms, companies etc), Business to Consumer (B2C) (like end users directly), Business to Government (B2G) (like PSUs, govt departments, etc) and many more national and international stakeholders. TeleLaw is also helping national and international organisation working in the fields of international trade, intellectual property rights, international trade, etc.

Clearly, TeleLaw is fast emerging as a global leader in techno legal fields and what is more important is that it is seeking like minded collaborators and investors who can provide seed funding/angel investment to it on a non stake basis. This is a project that must not be ignored by the Indian government as it has great potential to make India a global hub for techno legal services. This would generate wealth, employment and technological innovations for Indian economy too. Let us hope that Indian government would support the TeleLaw project to become a jewel of India and a global leader in techno legal fields.