It’s true. I heard from an authoritative source in Sony that a couple of NLU alumni had applied (for different pitches). The feedback given by the producers was apparently that companies catering to the law/LPO space will not be of interest. It’s very unfortunate and biased. Shows discrimination against lawyers by toxic engineer/MBA guys.

Because those are products that sell and make profits. Law is a service and only the few 10 firms own the market and undercut among themselves, and don't delivery the large profits. I know that LegalPay and some companies have approached the Tank, but the whole plan is not sustainable compared to even sale of Pani puri. The costs are too high, the market isn't too large and it's an advisory service which isn't that work heavy and therefore revenue generating compared to accounting and investment banking. Why do u think even large law firms don't hire so many people? A good revenue generating business expands with more manpower. The navel business when bigger probably employs more people that all the top law firms.

Further, such product and revenue generating businesses like software, have a higher scale and are sold abroad as well, where maximum profits are made considering the PPP. In 10 years any large fashion brand like Aditya Birla or any conglomerate may acquire them at a huge premium, even if they aren't doing that well. If they are, they cud be like a billion dollar startup. If they are loss making, they could go IPO or go debt and then maybe turn profits later.

All of this is not possible in a law based business because it is based on professional expertise specifically in Indian Laws. Expertise needs high costs but doesn't scale all too much. Also none of the shares can contribute with their expertise in sales etc., because the legal market is not very globalized and organised and the dynamics are very very different. Maybe if the Trilegal founder were to be a shark, there cud be a chance.