The platform aims to simplify contract creation and management through lawyer-vetted templates. The law, they say, is for all, but its finer intricacies and nuances, clearly not. An entrepreneur, most likely, would focus on the big idea, its ability to scale, the target audience, the revenue model and funding avenues. Easy to assume then that writing contracts is not very high on the priority list, also given that it can be time-consuming and even confusing. Harvard Law School alumnus and Wall Street lawyer Shashank Bijapur found contract work intellectually rewarding but the 31-year-old, at times, felt that the task of copying old contracts to make new ones was cumbersome.

Despite being an important part of everyday dealings for most businesses and big-ticket purchases, negotiations and drafting of contracts can be tricky. Moreover, oversights can lead to unnecessary costs or loss of revenue in the long run, and can end up being a drain on company resources. Enter SpotDraft, an artificial intelligence-powered platform that uses advanced machine learning algorithms to automate drafting and negotiating of legal contracts. The Gurgaon-based startup, run by Draft Spotting Technologies Ltd, provides solutions to complex legal dealings, including drafting, managing and storing paperwork online, analysing contracts and automating invoices, besides sending reminders and offering expert advice on legal compliances. Launched by Harvard Law graduate Shashank Bijapur and former Google Classrooms tech lead Madhav Bhagat, SpotDraft not only makes life easy for users, but is also Goods and Services Tax-compliant.

"Ultimately lawyers are like programmers, only difference being, they code/write in legal language, which in most cases is English," says Shashank Bijapur, co-founder of AI driven legaltech startup SpotDraft and a former Wall Street Lawyer. It is this belief which led Shashank, a Harvard Law School graduate, from the echelons of Wall Street to finding a startup in the legaltech space which would be capable of using AI to read through contracts, organise, manage and finally, analyse them. But we are jumping the gun here. Roll back a few years to Shashank's Wall Street days where he saw day in and day out what lawyers did. I have seen upfront what lawyers do and how they work. I realised that the process is too time consuming and riddled with inefficiencies.