Legal-tech takes wing with new breed of firms revolutionising services

With products such as digital document-filing and automated trademark management, a new breed of firms is revolutionising the legal space

On March 31, the insolvency resolution process of Chennai-based Orchid Chemicals and Pharmaceuticals had to be immediately executed. A nationwide lockdown was in place, and a delay in completing the documentation and executing the transaction would have wrecked the balance sheets of several creditors, including Dhanuka Lab (the resolution applicant), since it was the last day of the financial year.
 

However, thanks to Leegality — a document workflow platform that helps businesses digitise and automate paper-based processes — the Rs 1100-crore resolution plan was executed through the Aadhaar eSign gateway with a set of 22 creditors in a matter of