Startup Ideas AI

The idea is to develop a platform that uses smart contracts to automate legal contract creation, execution, and enforcement. This would reduce the need for expensive lawyers and streamline the contract process, eliminating frustrations and saving time and costs. Market size: The global legal tech market size was valued at $17.85 billion in 2019 and is expected to grow at a CAGR of 22.6% from 2020 to 2027. Tags: Legal tech, smart contracts, contract automation, legal industry. Country: United States, United Kingdom, Germany, Australia, Canada. Category: Legal Technology