From legal startups to big-shot law firms

the first step that a legal startup should take is to position itself in the market as a tool rather than a competitor in this area . Positioning yourself as an aid and tool first, will provide an opportunity to test the market with real clients. We, as entrepreneurs, must aim to develop new technology law and processes to make it easier for lawyers to fulfill their clients’ needs . It is also important to notice the likelihood of disruption taking place in all the areas of law. Today we are seeing the most disruptive changes in litigation, specifically with common law jurisdictions and M&A and contracts in continental law . If your service is successful and receives support from ranked legal advisors, you can start scaling up your startup while simultaneously continuing to develop new products and technology. This is very important to keep in mind when building a startup in the legaltech industry; it’s a key element to success.