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Aug 24, 2016 8:28 EST

87% of SME’s currently believe they don’t receive value from lawyers: LawyerFair’s marketplace helps companies save legal fees by getting a panel of lawyers to compete for their business by entering fixed fee bids.

iCrowdNewswire - Aug 24, 2016

LawyerFair

 

LawyerFair’s marketplace helps companies save legal fees by getting a panel of lawyers to compete for their business by entering fixed fee bids. 87% of SME’s currently believe they don’t receive value from lawyers. New funds will be used to rapidly scale the business that’s been trading since 2014..
 

Idea

LawyerFair provide a curated marketplace for the buying and selling of commercial legal services, matching the legal needs of businesses with pre-approved commercial lawyers, who compete for the work. It’s an efficient, competitive legal procurement process, helping businesses find the right fit for their legal requirements and saving in the region of 40-60% on legal fees for some clients.

We believe legal services are an inefficient, low innovation marketplace where suppliers measure success by the growth in their hourly rate and our research illustrates clear market paina recent survey by the Legal Services Board showed that approximately 1 in 8 SMEs believe they receive value from lawyers.LawyerFair helps business owners find the right legal expert (from a pre-approved panel),

We’ve had over 1200 requests for legal advice from individuals, businesses, start ups to SMEs to asset management companies, with everything from T&Cs to litigation and legal tenders. Since an initial round of funding in April 2015, all metrics have increased inc. quality of work and size of business. This year we’ve focused on driving visibility, credibility and trust within the SME market, including a growing network of collaborations (The IOD, Croner Solutions and Cavendish Network). We feel we have proven market appetite for change. We contribute thought leadership pieces on legal tech, business issues and were described as an ‘inspiring’ pitch in a national business competition.

Contact Information:

LawyerFair

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