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  /  Uncategorized  /  White Paper: State of the LegalTech market in Southeast Asia

White Paper: State of the LegalTech market in Southeast Asia

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ASEAN is a heterogeneous group of countries with a combined gross domestic product (GDP) of $2.747 trillion[1] and home to 644.6 million[2] people. Founded in 1967, ASEAN is made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. These countries rank among the most dynamic and fastest growing emerging economies in the world.

 

Our research reveals ASEAN is home to 248,067 lawyers. In a region of 644.6 million people with a lawyer population of only 248,012, this translates to one lawyer for every 2,599 people. This points to opportunities to leverage LegalTech solutions to enable lawyers to better serve the population and help with access to lawyer issue in the region.

 

Our research through ASEAN LegalTech’s founding ambassadors across Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam reveals 88 LegalTech firms at different stages of development. This paper builds the case for a coordinated approach to build and grow the LegalTech ecosystem in Southeast Asia.

 

 

[1] United Nations Conference on Trade and Development. 2019. UNCTAD STAT [ONLINE] Available at: https://unctadstat.unctad.org/wds/TableViewer/tableView.aspx. [Accessed 10 January 2019].

[2] United Nations Conference on Trade and Development. 2019. UNCTAD STAT [ONLINE] Available at: https://unctadstat.unctad.org/wds/TableViewer/tableView.aspx. [Accessed 10 January 2019].

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White Paper: State of the LegalTech market in Southeast Asia

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