Get Series A Fund, Hukumonline Wants to Develop Technology to Accommodate the Needs of Legal Practitioners

Startups legaltech Hukumonline yesterday (03/2) announced the acquisition of series A funding. The investment was obtained from private equity that focuses on funding media companies Emerging Media Opportunity Fund (EMOF). The amount of funds obtained was not stated, but it was also conveyed that investors in the previous stage participated in this round.

This capital injection will be focused on developing new products and improving existing services.

More details to DailySocial CTO online Arkka Dhiratara said that the new product variant will complement legal content that is relevant to the needs of legal practitioners, both from Indonesia and abroad law firm nor in-house counsel (internal company attorney). The innovation that was released previously was service chatbot named "LIA".

"We will also continue to innovate with a focus on new products that use the latest technology. Some of the products we have worked on and will continue include: document management systems, compliance solutions and litigation tools. We hope that these new products can facilitate legal research and analysis," he said.

Hukumonline was founded in 1999 by a group of legal practitioners including Ibrahim Assegaf. In addition to the information portal, they now have two subsidiaries in the same field with different services.

First there is Justika, a consulting service for various legal issues. Shaped marketplace, they connect the client directly with the attorney of his choice. In Justika's debut get A pre-series funding from Assegaf Hamzah & Partners.

Both exist Easybiz, was developed to help business people take care of various legal related matters. For example creating a new PT, making tourism business permits, establishing foundations and others.

Although operating separately, according to Arkka, each business unit is related to one another. He explained, "For example, one of the pageviews we mostly go to the Legal Clinic page (people who have legal questions), we make a CTA (consultation with experts) for Justika.com on that page."

For Hukumonline itself, the business model applied is freemium. The company claims that in the last two years it has user growth premium subscribers up to 20%. The majority of customers are from law firm, in-house counsel, government agencies and universities.

"We feel lucky that Hukumonline is one of the first media to implement it subscription, where other media still rely advertising. We have been using this business model since 2002 and will continue to do so. As knowledge company, where our main product is dynamic legal content, this business model is the most suitable for now," added Arkka.

In Indonesia, currently startup legaltech already shaded by association, including the Indonesian Regtech and Legaltech Association (IRLA) and ASEAN LegalTech. From research carried out, currently there are about 88 startups legaltech throughout Southeast Asia. Singapore and Indonesia are the most dominant in the region with 25 and 21 startups, respectively.