The Covid-19 crisis is accelerating digitalization for legal professionals. Grégoire Debit, co-founder of the legaltech company Closd - which allows deals to be carried out remotely - explains how some tasks can be simplified and automated in complete safety.
This article was published in Lettre des Juristes d'Affaires (LJA) on September 28, 2020.
Carrying out transactions is mired in inefficiencies from end to end, but many of the pitfalls in the legal transaction process can be avoided. Legal transaction management software aims to mitigate these issues through automation, adding tremendous value to law firms.
The startup Closd, which enables transactions to be carried out remotely, has thrived in the last few months. Its CEO, Grégoire Debit, offers an optimistic view of the French legal tech market for both domestic and foreign legal actors.
Paris-based legaltech company Closd raised 600,000 € from business angels in the legal and tech sectors; it will offer its services for free until the end of April to help law firms and companies get through the crisis.
Legal tech companies started cropping up in the early 2010s, and legal tech soon grew into a sustainable and undoubtedly irreversible trend. With an increasingly large supply, how does one choose the service(s) that best meets their needs? Moreover, what needs are we talking about?