Here is a description from New York Legal Hackers, one of the organizers of the event:
Participants will compete to create tech-enabled products that will improve transactional legal practice–tools that aid in counseling businesses through the legal and regulatory hurdles of consummating a sale or purchase. We believe that this is a huge, untapped market for entrepreneurship. Join us as we build some amazing products and compete for generous prizes.
More info at: http://codethedeal.com
Find teammates and projects at: https://www.hackerleague.org/hackathons/code-the-deal
What’s at Stake?
Grand Prize: $2500
Second Prize: $1000
Third Prize: $500