With the rise of AI-driven solutions, the LegalTech sector is evolving rapidly. These innovations enable legal practitioners to enhance efficiency in research, compliance, and decision-making while making legal services more accessible and cost-effective. The Catalyst speaks with Hitesh Jirawla, Founder and CEO of Cubictree Technology Solutions, about the tech-driven solutions and its visible impact. His company is notably the first LegalTech and largest litigation data aggregator in India that provides real-time DEEP litigation data analytics and risk identification solutions to the Indian Legal Fraternity.
How is AI transforming traditional legal processes, and what are the key challenges Cubictree is addressing?
The potential advantages of AI in legal space are real. It not only automates routine manual tasks but also brainstorms ideas that help to improve efficiency. Cubictree AI is implemented to summarize legal judgements and orders from Pan-India courts and provide a ready playbook for legal actions to concerned teams. Our AI assists legal teams’ activities to boost productivity by bucketing the default accounts with the recovery action to be adopted on them considering the various parameters and history of the defaulting customers till complete recovery is made from the customers.
India has 10 Million+ case hearings per day, 10 Million+ new cases are filed and equal number of cases are disposed of, with multiple issues.Eg : Variation of Finance can be mistakenly written as Finance, Fenance, Phayans and 25 more, hence, the ability to still identify the correct legal case in spite of such errors is the most critical part of the journey. We believe we are bringing some of the key technologies to the BFSI sector, while our competition is playing catch up.
How does the Cubictree Legal & Recovery platform help BFSI institutions manage defaults and streamline recovery processes?
Cubictree Legal & Recovery platform is an Industry leading platform across BFSI customers; it aggregates and manages data across customers to provide actionable inputs. It efficiently handles 2.5 crore default accounts every month. On a monthly basis we generate 10 lakh notices monthly. Our platform has assisted 1 billion legal actions to date. We have reduced recovery time by 20 days and ensured a 100% paperless process, streamlining the journey from early delinquency (1+ DPD) to complete recovery.
What are the primary benefits clients experience when using Cubictree’s AI-backed solutions for managing legal cases?
We believe our AI models stand out because we understand the responsibilities and trust our clients place in us. At the same time, we acknowledge that it is challenging for a single AI model to fully grasp the complexities of the entire legal ecosystem. Hence, by keeping all these in mind, we have developed 4 Proprietary AI models for enterprises and have the capabilities for multiple use cases.
Also, with our Deep & Predictive AI that needs a combination of Clean-Organised data, Cubictree is organising Banks data by providing an AI enabled technology platform to organise data and layer with AI models to bring Prediction and risk analysis. Our customers have been able to identify fraud, implement strategy changes based on insights, and recognize litigious behaviour patterns.
How customizable are Cubictree’s offerings to suit the specific needs of BFSI clients, corporates, and law firms?
Cubictree understands that every client has different requirements for how they analyse/report data. Our platform is highly configurable and we have stored the data with tagging in small chunks which are services. We can configure as many services as we need based on the requirements. Hence, in less than a day we can begin working on any customized data requirements.
What specific legal processes have been most significantly impacted by AI-driven automation solutions offered by Cubictree?
At Cubictree, we have made significant impacts in the areas of legal case discovery, legal case outcome prediction, and legal document drafting. With relevant tools, we can streamline the discovery process swiftly. Additionally, our predictive tools help legal teams forecast case outcomes, enabling better decision-making. We also assist in drafting legal documents with greater efficiency, ensuring accuracy and compliance.
What factors should clients consider when choosing between on-premises and cloud-based solutions?
Before deciding between an on-premises or cloud offering, clients need to consider
- Experience with enterprise implementations.
- Platform’s capacity to handle the required workload
- Existing scale of its implementation in terms of users, cases, and notices.
- Data protection and compliance
- The out-of-the-box features of the platform <> meeting business requirements.
- Integration with multiple enterprise applications.
With increasing concerns about data privacy, how do you ensure compliance with regulations while handling sensitive legal data?
Cubictree has an internal legal and risk team who keeps a tab on updates of data regulation and compliance required to be implemented, along with this we constantly incorporate client requirements as well and update the securities and compliance for management of data privacy.
What trends do you foresee in the Indian legal tech space, and how is Cubictree positioning itself to lead in this area?
We see ourselves as an innovator in the legaltech space with our AI-driven digital transformation platforms and data analytics products which are specifically designed for BFSI and legaltech sectors. We have also expanded into corporate and larger consulting segments. The scale of our platform is unmatched, making it the first and largest legaltech company in India.
Cubictree holds the world’s largest litigation data lake comprising over 4.5 billion records, with an additional 1 million records daily. We assist enterprises by managing INR 3.8 lakh crore worth of default accounts annually. Cubictree also provides predictive risk assessments for loans worth INR 2 lakh crore through property and litigation risk reports. We have over 2,00,000 active users spending a total of 2 crore minutes annually on our platform. More than 5,000 lawyers and law firms actively rely on Cubictree, demonstrating widespread trust and user satisfaction in the LegalTech space.
Hitesh Jirawla’s deep expertise in business strategy and technology has enabled him to drive innovation in the legal space. With Cubictree’s AI-powered solutions transforming legal case discovery, outcome prediction, and documentation, law firms and legal professionals can work more efficiently, make data-driven decisions, and streamline their workflows. As technology reshapes the future of LegalTech, Cubictree remains at the forefront, empowering organizations with tech tools to navigate legal complexities with ease.
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