To find the first legaltechs, we have to go back some fifteen years and cross the Atlantic to the USA. It was not until the late 2000s and early 2010s that these new-style start-ups appeared in Europe. Today, there is a real rethinking of the legal world, due to the emergence and development of high-quality digital services offered by legaltech.
Following the example of YesMyPatent, legaltechs are attempting to revolutionize the static world of the legal profession by adding modern technology. As its name suggests, a legaltech is a company that combines “legal” and “technological” aspects, bringing together two factors hitherto overlooked by specialized law firms.
This sector, once thought to be protected from digital competition, is seeing the emergence and growth of a new form of legal service available to professionals and private individuals alike. According to Paris innovation review, automation in the legal sector is approaching 20% growth, with no end in sight.
What is legaltech?
Like SaaS software, there are a large number of different legaltechs. These digital solutions offer companies and individuals a 100% digital solution for automating and dematerializing certain legal procedures.
At first, legaltechs were perceived as a threat, a “disruption” of the legal sector. Today, however, this is no longer the case, and many “classic” law firms and notaries are working with a legaltech.
Today, these digital legal solutions democratize legal and administrative procedures. This democratization enables small and medium-sized businesses, as well as private individuals, to simplify legal procedures.
By being transparent about prices, processes and the digital tools they use, they provide their customers with a clear view of legal issues. The expertise provided by these new solutions offers total confidence to small businesses and private individuals alike, who see in them a simple solution at very reasonable rates.
Legaltech in industrial property
It may seem a little pointless to reiterate what industrial property is, but it is essential to emphasize the importance of industrial property protection for the development of your business.
With this in mind, a number of Legaltech companies have specialized in industrial property. Indeed, with a view to simplifying legislative processes and making invention protection accessible to as many people as possible, some companies, such as Touroude & Associates, have launched services like YesMyPatent, specializing in industrial property.
This makes it easy for entrepreneurs to protect their inventions, even on a limited budget, and avoid being copied.
The benefits of YesMyPatent :
- Order patent drafting online in just a few minutes with a simple credit card payment
- Affordable rates for all company sizes
- Clear pricing with all-inclusive packages, including taxes
- Transparent pricing with the ability to simulate costs over 5 years
- Talk online or by telephone with an INPI-accredited patent attorney
- Check that your invention can be patented immediately and free of charge
Democratizing access to industrial property attorneys
The industrial property market has been growing steadily since the 2000s, but while the market has expanded in France, some regions remain totally excluded from the geographical distribution of firms specializing in industrial property.
Turnkey solutions also address some of these problems: all you need is an Internet connection and a credit card to order your patent.
When you launch or have just launched your company or your innovation, it’s imperative to protect it before you even start to exploit or market it. In an increasingly competitive world, where counterfeiting proliferates and making a difference is not always easy, your innovation becomes the keystone of your success.
Industrial property protection and the registration of a patent, trademark or design can make your R&D work profitable very quickly.
This approach gives you a monopoly in your market!
This monopoly is also a way of giving confidence to potential investors, who then see you as the only possible way to market the proposed product/service. Industrial property titles are an undeniable growth gas pedal for your company, whether it’s in the launch phase or has just developed a new innovation.
Finally, if you’re not yet convinced of the value of using industrial property to protect your innovations, you should know that a company that is able to defend its work tooth and nail always earns the professional respect of its peers.
Did you know?
The fees of an industrial property attorney can be financed by your Research Tax Credit!
Find out all there is to know about the CIR in our practical fact sheet“Le CIR ou crédit d’impôt recherche, comment ça marche?“.
