Leveraging Legal Tech Solutions In E-Commerce For Reduced Cost & Efficiency

Published on 16 May 2020 by Akshat

As per a study- “E-commerce has transformed the way business is done in India. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much growth of the industry has been triggered by increasing internet and smartphone penetration.  India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, one of the highest in the world.”

With the growing internet penetration and the advent of Covid-19 the space is expected to grow leaps and bounds. However, general counsels and legal teams of various e-commerce companies look at this time to strengthen their legal processes. On top of all challenges that generally come with rapid scaling, the new consumer protection act is also on its way. While there is still some clarity required on its implications for the space, there is still a lot of streamlining required at the organisation’s end. The ecommerce platform with a large number of vendors and customers needs a very functional legal department to maintain the right balance in the organization. Maintaining contracts, litigations and other objectives for such a huge platform and extracting information at the nick of time is no easy task for the Legal Department

Legistify after gaining valuable insights from in-house counsels of some of India’s largest ecommerce companies, have developed offerings to enhance efficacy in the entire legal process management. Our simple, intuitive and integrated solution provides a platform to completely automate working of the entire legal department. 

Here are some of the things you could benefit from-

With major developments happening every single day, the e-commerce industry could see a lot of imposed compliances alongside exponential growth. Legistify is committed to providing a 360 degree solution to take care of your entire legal portfolio and protect your organisation’s business interests.

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