LegalTech firms are companies that have deployed technology to better fulfil legal services within the legislative framework in which they operate. Technology can be deployed for many purposes, from automated document study, virtual contract deployments, and perform many labour oriented functions quickly with a high degree of accuracy.
Kontrak Hukum -About The Company
Based out of Jakarta and working in Indonesia, Kontrak Hukum is the first-ever smart legal platform in the country. The company was founded in 2017 by law graduate one of the country’s top TV Station anchors and entrepreneur Rieke Caroline. The platform provides access to reliable, straightforward and affordable legal services to business firms varying from MSMEs to Corporate entities. As a modern LegalTech startup, Kontrak Hukum changes the way businesses approach legal tasks by providing them with a credible virtual platform.
Kontrak Hukum is focused on providing legal assistance and services to businesses and entrepreneurs, and educate business owners on the need to be aware of the legalities of their business. Their goal is to increase the legal literacy among business owners to help them safeguard their enterprises and operate well within the country’s legal framework.
They provide a wide range of on-demand legal services for business firms and curate legal to meet the needs of their clients. Their services assist entrepreneurs in various stages and processes of their business development, such as establishing a business entity, registration and protection on intellectual property, legal drafting, notary services, and others. Their smart platform allows clients to avail their services digitally, and the company utilizes tech to streamline the process.
Kontrak Hukum –The Business Model
The company offers various packages to clients, including their startup package starting at Rp 15 Million. They also include free legal consultations within these packages which cost hourly charges in traditional law firms. Some of their most notable clients include banks like BCA, VC firms like Ideosource and Mandiri Capital, Fintech startups like Investree and Pinjam, Telkom Indonesia, and government institutions like Bank Indonesia.
Kontrak Hukum has also performed well under Covid-19, during which Indonesia reportedly faced a deceleration in economic growth while business enthusiasm was still high. Kontrak Hukum has remained committed to their cause of increasing legal literacy for MSMEs and collaborated with Indonesian 2-way learning and upskilling platform Cakap to conduct their Upskill Class Program. This was a Cakap initiative in which they form a forum for sharing knowledge to boost business growth as well as personal skills. This was used to empower businesses with legal know-how during the new normal and shows the utility of their platform as a futuristic legal services solution.
Kontrak Hukum has only had one round of investments collected and is backed by Indonesian multimedia content creation platform Kaskus. The investment was made in November to support Kaskus and its content creators. The company’s business development plan called for the need to empower its hosted content creators with legal knowledge and support provided by Kontrak Hukum. The partnership provides services like legal drafting, company registration, IP rights registration and many other supporting tasks that can help content creators become more stable and independent.
The company continues to support businesses and entrepreneurs in the country, giving them better access and quality of legal assistance that they require to strengthen and safeguard their business.