Munich Startup: What does Law me do?
Katrin Stopp von Falkenstein, founder Law me: Law me is an all-in-one app for efficient conflict management in civil law. The platform is aimed at all parties seeking legal assistance and covers all areas of civil law. We are a legal ecosystem, packaged in an app for legal matters. The app can be used by anyone with civil law questions (rental, inheritance, family, labor, or corporate law), whether tenants or landlords, employers or employees, startup founders or freelancers. All parties involved in seeking and finding legal solutions receive a win-win situation from Law me – without anyone being disadvantaged.
We are a complete solution for conflict management in one app, designed to provide mediators, lawyers, legal protection insurance companies, and legal seekers with a strong starting position. We have therefore addressed all the needs of these parties and developed the Law me ecosystem.
A platform for justice and out-of-court settlements
Munich Startup: But that already exists!
Katrin Stopp von Falkenstein: There are already solutions that answer legal questions in B2B, but no complete solution in legal research or a legal ecosystem in this framework. A second unique selling point and USP: We promote out-of-court settlements and mediation, initiating a new procedural approach that the judiciary has been intending to implement for years to avoid unnecessary lawsuits. Moreover, as an ambassador for out-of-court solutions, I see the core of this in achieving greater justice in our dealings with one another.
Munich Startup: What is your founding story?
Katrin Stopp von Falkenstein: In 2022, I came up with the idea of automating all of this. When ChatGPT came to market, it was clear, and all we needed was a really good business model behind it. So we were also among the first to focus on AI-powered legal advice in 2023.
Munich Startup: What was your biggest challenge?
Katrin Stopp von Falkenstein: The biggest challenge was bootstrapping the product, that is, without investors or business angels. In general, I see bootstrapping in the software sector as easier than if I had hardware. However, you also have to consider that banks are much more willing to finance hardware than software. So if no money is available, you need at least a team that has all the skills like app development and AI development. Finding and motivating this team to work without money took the longest. Since I started alone and didn’t found from a university, all public funding was out from the beginning. So I paid for everything out of my own pocket.
Partnerships and licensing
Munich Startup: How is business going?
Katrin Stopp von Falkenstein: Currently, we already have numerous partnerships, downloads, and first subscribers as well as interested parties who want to invest in our product or license it for international markets.
Munich Startup: How have you experienced Munich as a startup location so far?
Katrin Stopp von Falkenstein: Munich as a startup location is fantastic. The government is committed to providing many opportunities. And large corporations are setting up innovation departments to digitize their processes and support startups. Apart from the many great startup funding programs in Bavaria. I would recommend it to everyone to start here.
Munich Startup: Risk or security?
Katrin Stopp von Falkenstein: Through us, users have a lower risk of being terminated without good reason, whether in rental law or labor law. The opportunity for greater justice through increased transparency also gives people more security in their everyday dealings.
