iDisclose, a Legaltech firm that facilitates Reg D and Reg CF filings for issuers in a highly automated process, announced on Monday it has formed a partnership with iDisclose Law to support the legal needs of its users. The company reported that this partnership will pair the legal technology platform with a full-service law firm to provide a cost-effective and complete legal solution for startups and other small businesses.
Formed by G. Alex Araujo, a corporate and securities attorney who also services as a Chief Innovation Officer at iDisclose, iDisclose Law will focus primarily on project-based and fixed fee matters for various legal services to help ensure that clients understand their legal costs and are not subject to the uncertain hourly model of many law firms. The firm will also support companies raising capital and support the legal needs of clients referred to iDisclose by the equity crowdfunding platforms that work with iDisclose. Araujo explained:
“Having a technology-first law firm built on the iDisclose legal technology platform will enable to provide seamless support to our crowdfunding platform clients and other small and startup company clients who need legal assistance.”
iDisclose added that it supports the legal filing and disclosure requirements of companies seeking to raise capital and is currently the legal backbone of several large equity crowdfunding sites with its simple to use technology platform designed to reduce legal costs for startups and small businesses. iDisclose Law will notably support those clients who need additional assistance from an attorney under primarily a fixed cost fee structure.
