Exhibit A: Impact of Legaltech on Startup Nation

You have heard of the usual suspects: Fintech, Contech, Medtech and Insurtech have largely taken center stage with regard to the innovative sectors of the Startup Nation. However, the field of Legaltech has been mostly ignored or sidelined when we note sectors undergoing digital transformation.

But why? According to 2018 data, Israel has the highest number of lawyers per capita in the world – one in 114 people, or a total of 70,000 people, are registered lawyers. And they deserve to benefit Israeli entrepreneurs as much as their doctors, bankers or insurance professionals.

Here we outline some of the Legaltech companies operating in the country that are helping to digitalize the industry.

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Geex Law

LawGeex helps businesses automatically review and approve contracts. It helps legal teams speed up review time, ensure legal compliance and improve efficiency based on a pre-defined Advocate General checklist. This is achieved through its machine learning algorithms, text analytics, and attorneys’ knowledge to highlight unusual, problematic, or missing clauses in contracts.

Product: AI-powered contract review automation

Founders: Noory Bechor (CEO) and Ilan Admon (CTO)

Foundation year: 2014

Employees: 51-200

Funding: $ 41.75 million

Investors: Aleph, lool Ventures, Corner Ventures, La Maison Partners, LionBird, Rami Lipman, Eilon Tirosh

StraightFlex

Not strictly a startup, LawFlex provides a network of attorneys to help businesses and startups with legal services on a flexible basis. The firm has 600 lawyers who can help with legal process outsourcing, part-time legal advisors, legal operations, etc.

Product: Legal resources for financial institutions, businesses and startups

Founders: Zohar Fisher (Chairman) and Jackie Donner (CEO)

Foundation year: 2015

Employees: 201-500

Funding: N / A

Investors: N / A

Plead

LitiGate is developing a claims analysis solution to help litigants in their daily workload. His solution uses text analysis algorithms to compare the written arguments of opponents with past cases. It does this by structuring commercial and civil litigation from pre-action protocols to the appeals stage by focusing on the “semantic DNA” of the arguments and the nature of the circumstances.

Product: AI-powered litigation platform

Founders: Nimrod Aharon (CEO) and Guy Uziel (CTO)

Foundation year: 2017

Employees: 11-50

Funding: $ 5 million

Investors: Brighteye Ventures, Firstime Venture Capital, Rhodium, Shibolet

Attorney

Attorney’s job is to get rid of the bureaucracy surrounding legal services and help save time and money. It does this by offering a variety of online services and fixed prices for start-ups, small businesses and families with things like incorporating a company, opening a bank account and tax file, registering. trademark, the registration of wills and inheritance and the dissolution of a business.

Product: Automatic preparation of legal documents

Founders: Ron Hadar (CEO)

Foundation year: 2015

Employees: 1-10

Funding: $ 1 million

Investors: AltalR Capital

K-Lawyers

K-Lawyers operates as a marketplace that can help law firms outsource their work nationally to contract lawyers licensed in the United States. This can help businesses take advantage of lower costs compared to internal or temporary hires. Based in Israel, he can also help contract lawyers gain access to the constant flow of assignments and the networking potential of the industry.

Product: Marketplace for independent lawyers

Founders: Aviv Hillo (CEO), Adi Peleg (COO) and formerly Omer Hertz

Foundation year: 2016

Employees: 1-10

Funding: Primed

Investors: N / A

Coretext Technologies

Coretext Technologies is a B2B SaaS company helping businesses run their legal affairs by leveraging natural language processing and machine learning technologies. It provides an auto-start and auto-guidance solution that provides visibility into business data and information.

Product: Self-Guided Legal Business Software

Founders: Ori Rosen (CEO)

Foundation year: 2018

Employees: 1-10

Funding: Primed

Investors: N / A

Put on your outfits

Suitup works as an app to help match legal jobs with applicants based on their qualifications and wants. Candidates are screened using an algorithm that matches job profiles with personal interviews that have taken place. Suitup also allows you to search for a job with complete discretion. Its clients include Firon & Co., KPMG, Monday.com, eToro, and APM & Co.

Product: Job search platform for legal professionals

Founders: Reut Kaplan-Rosenthal (CEO)

Foundation year: 2017

Employees: 1-10

Funding: Primed

Investors: N / A


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