United Arab Emirates: Startups will have access to automated legal services – News

Hub71 partners with Clara, an operating system that digitizes consulting for start-ups



Published: Tue, Jul 26, 2022, 1:31 PM

Hub71, Abu Dhabi’s unique global tech ecosystem, announced a partnership with Clara, a legal tech startup that offers automated legal services for startups.

The partnership will support Hub71-based startups and give them access to Clara’s innovative digital platform, easing the complex legal processes involved in creating, growing and exiting a startup.

Clara is an operating system that digitizes and automates the legal expertise of startups. Clara, led by a team of experienced legal and technology entrepreneurs, educates and empowers founders to perform many of the tasks currently performed by attorneys, including incorporating companies, drafting agreements, creating tables capitalization, the structuring of data rooms and the predictive training of founders on legal notions.

This service will allow startup founders to take control of their legal function and significantly reduce legal costs.

Under the agreement, Hub71 will bear the costs of its startups that incorporate their companies from the Abu Dhabi Global Market through Clara. Startups will be able to access preferential pricing for the platform’s wider range of products.

Hashem Alkaabi, Head of Business Services, Hub71, noted that legal technology has the power to positively impact start-up functions and facilitate costly, complex and time-consuming processes.

“Hub71’s suite of programs, incentives, and partnerships supports startups at all times, making it easier and cheaper for founders to relocate, set up, build, and scale successful startups. Our partnering with Clara complements these efforts and will ensure our founders have the tools and knowledge to make informed legal decisions that can enhance their success.

Patrick Rogers, CEO and co-founder of Clara, pointed out that startups are looking for a new approach to help them overcome the pain and complexity of dealing with legal issues.

“We are delighted to announce this partnership with Hub71. Over 50% of Hub71 companies are already Clara customers and we look forward to continuing to support the growing list of exciting startups who choose Hub71 as their launchpad.

Hub71 is home to startups from 25 countries around the world operating in 18 industries, including artificial intelligence, big data and analytics. Through its partnerships, Hub71 connects entrepreneurs with impact-driven investors and companies and helps them scale their businesses and access global markets.

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