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Defining NewLaw Solutions

As part of the NewLaw ecosystem, KorumLegal’s solutions use models and tools not found in the traditional law environment. Its client-centric legal solutions are flexible, innovative, smart and tech-enabled.

Founded with an aim of providing a wide range of innovative legal solutions, KorumLegal offers services ranging from on-demand legal consultants, legal process management to LegalTech solutions, whether it is a startup client or an established MNC. The law company brings a fresh approach to the delivery of legal solutions.

Traditionally, the legal services industry might be seen as expensive, inaccessible and complex. At KorumLegal, they seek to present their clients with flexible, innovative, smart and value-driven solutions. The law company focuses on legal solutions delivery across its three business pillars of People, Process and Technology.

KorumLegal consultants come from experience in reputable international firms, in-house legal teams of Fortune 500 companies, listed MNC’s as well as fast-growing startups. They sit with the client teams or work remotely, depending on client’s needs or budget. For example, a KorumLegal senior consultant from Hong Kong worked remotely in Canada for a few months for a London-based client, supporting the client with its Asia legal operations. This was enabled by technology and a flexible mindset of both client and legal consultant.

Titus Rahiri, Founder & Director believes that technology is the key enabler to growth but people are still at the heart of the business.  While technology in the legal realm is still in its relative infancy compared to other industries “at KorumLegal, we see technology as a key pillar to our business as it matures and starts solving some of the major pain points of our clients,” he added, “We can tailor legal solutions to a wide range of clients, and this obviously includes startups with smaller budget.”

Innovative legal solutions growth in Asia 
Identifying Asia as being a competitive hub in innovation and entrepreneurship, especially with the startup community growing in exponential rate, Rahiri explained why the law company chose Hong Kong as their operation headquarters. “Hong Kong was our starting base because it is a dynamic and entrepreneurial city with tremendous opportunities. Also, the city has a strong and exceptional talent pool, and an innovation-friendly environment which made it a perfect spot for us to take off. The ease to establish a startup here is a plus.” 

At the moment, the law company has 12 staff in their Hong Kong headquarters and over 50 legal consultants in Asia. Looking ahead, Rahiri believes that the legal industry will be completely different in 10 years’ time with NewLaw models becoming an integral part of the legal ecosystem. Data analytics, AI, blockchain and people in the gig economy will be key to the future of law. 

InvestHK has been assisting the firm by providing update on relevant industry events and introduction of contacts through networking activities. 
 

23.10.2018

Fast Facts

  • KorumLegal provides legal solutions across People, Process and Technology
  • The Hong Kong headquarters has a team of 12 and over 50 legal consultants in Asia.
  • Clients include law firms, financial institutions, Fortune 500 companies as well as SME’s and startups.

Lecture supplémentaire

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