Case Study: Spiketech

Spiketech, a Sydney-based startup founded in September 2021 by Ivan Kladnig, specialises in providing passenger rail reservation systems. With a team of six employees and plans to grow to 10-12 by the end of the year, Spiketech delivers a niche solution for booking long-distance train travel, similar to airline reservations.They currently serve one major customer and aim to acquire a few more to further fuel growth.

Advice covered by Lawpath

Challenge

As a small startup, Spiketech faced the challenge of managing legal aspects efficiently and cost-effectively. Ivan, with a background in sales rather than law, needed assistance with employee contracts, governance, and dealing with complex contracts for enterprise and government clients.

I guess when you're running your own business, you want to be across those legal aspects a lot more. And so it was a pretty steep learning curve for myself.

The Lawpath Solution

Ivan turned to Lawpath for comprehensive legal support. Lawpath provided a range of services, including virtual office support, governance documentation, employee onboarding, and legal services for handling large contracts. Ivan utilised Lawpath's document library and AI capabilities for timely and relevant legal advice, significantly reducing the time and effort required to manage these tasks.

The documents library itself to me has been an incredible time saver. So I would think that anybody in the position of starting a business in some respects, you don't always know what you don't know and you sort of cross that bridge when you come to it. And so having a resource like Lawpath and the documents available is really, really useful.

Impact and Growth

Lawpath's services have been instrumental in Spiketech's success. The legal support allowed Ivan to navigate complex contracts and governance requirements confidently. The document library and AI tools saved considerable time, enabling the company to focus on growth and customer acquisition. As a result, Spiketech has maintained smooth operations and is poised for future expansion.

Lawpath would be a no-brainer as far as they're concerned us right now. The fact that we deal with very large enterprise and government agencies as well as companies overseas, I do consider ourselves a very complex organisation from a compliance and legal standpoint. And we've certainly been able to derive tremendous value out of Lawpath.

Future Aspirations

Looking ahead, Ivan plans to explore new business areas aligned with their current offerings, which will involve hiring more employees and drafting new contracts. Lawpath's resources will continue to be a crucial part of their strategy, providing the necessary legal support to manage these new ventures efficiently.

New areas of business for us, so that means hiring more people, but it also means drafting new contracts, getting different agreements in place. And so we expect to fully utilise more of Lawpath's resources in the near future.

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