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SoOLEGAL raises $4 million

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Digital Law space is going through a sea change in India

SoOLEGAL a comprehensive online discovery platform, that allows visitors to seek lawyers and law firms for counsel, has successfully raised $4 million. The investment round was led by private investors and family offices in India. Previously, the company has also raised $5 million from private investors and family offices since 2014.

Speaking about the funding, Mr. Manish Kaul, COO SoOLegal said, Although SoOLEGAL was in talks with closed group of Investors since December 2019, the changed world order brought about by COVID19 pandemic also resulted in a quantum jump in revenues and user confidence on the portal, earlier than envisaged. This has prompted the investors to see more value in SoOLEGAL.

The Digital Law space in India is gaining momentum as more and more users are actively seeking online legal counsel. Currently, SoOLEGAL provides its users with instant access to number of services. In a short span of time, SoOLEGAL has acquired over 80,000 active users from 46 countries. The new investment round will enable SoOLEGAL to further capitalize on its position as a leader in digital law space in India. 

The company will use the funds to enhance its existing platform by investing in technology and research to introduce exciting features, such as SAAS based Legal Expert System to manage the entire law practice something like an ERP for Law practice. This will lead to better user experience and introducing innovative new solutions for lawyers to improve their business. 

This round is a huge shot in the arm for SoOLEGAL which will propel us to the next level of service and solution offerings.  After the first round we brought legal professionals and all other relevant stakeholders on to the SoOLEGAL platform to offer their expertise and skill sets, to all legal aid seekers at large.   We will now be able to enhance our research and strengthen our technology stack, to deliver a superior user experience, along with increased depth and breadth of legal tech services. “He added

About SoOLEGAL (https://www.soolegal.com/)

SoOLEGAL is a comprehensive online discovery platform that allows visitors to seek lawyers and law firms for counsel using multiple engagement options for information-sharing, interaction and transaction. With a mission to set standards in the LegalTech, SoOLEGAL is poised to shape the future of delivery of legal services and transform the legal landscape at both, individual and professional level. SoOLEGAL offers progressives lawyers and law firms the ability to align their practice more comprehensively with contemporary needs both, functionally and operationally through Reputation Management (including custom websites and a platform to Review, Comment, and post professional content), Practice Management (including CRM, Document/Knowledge Management, Time Management and Billing/ Payment systems) and Professional Development (including Seminars, Workshops, Conferences, e-Learning). SoOLEGAL recognizes that a lawyer’s greatest asset is his legal mind which has a value in time, money!

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