How do I go Fastlane as an Attorney?

[kevcon80]

I think everyone here is missing the point. Just because he's a lawyer doesn't mean that his best bet is to productize his service. He should find an entrepreneurial opportunity that has insane NEED, but no competition due to a high barrier to ENTRY of legal expertise. Most founder types can't compete, and if he needs the technical support it'll be easy to find a technical co-founder.

 

[zblundell]

Kind of like the doctor app they have now how about a lawyer app. Get some licensed lawyers to answer law questions through an app that offers legal advice for a fee. Maybe a face to face possibility.

 

[Raoul Duke]

Snap your fingers...

 

[Bhanu]

Start a Youtube channel and provide information there for free. Build a big enough audience and then give them your services at an affordable cost. Your entire focus should be to provide as much value as possible to the people who really needs your help . This task will be tough but if you keep at it I am sure you will have enough clients to become a fastlaner.

 

[kevcon80]

I've wanted to build a company that manages payroll, taxes, etc. for remote teams (teams with employees in multiple areas). Demand for a product like this is almost guaranteed, but the issue is that I'd need to partner with someone like you who could spend the hours necessary to understand the extensive legal requirements to create the system.

Maybe you can partner with a technical founder like myself to create a service utilizing your ability to handle complex legal issues. If the above sounds like something you'd potentially be interested in, let me know. I'd be willing to re-visit that business idea.

 

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[Everyman]

How can you sell your service/knowledge or whatever you have to offer (what problem do you solve with your lawyer service?) that will constitute fastlane so e.g. sell 1 million units of lawyer service for 1$ ? Or 10 000 units for 1000$ a piece?

What problems do you encounter in your daily lawyer life that could be replicated and applied so possibly impact thousand x 1000$ (1000x1000$ = 1M $)?

 

[bootstrapper]

Hello

I have read Millionaire Fastlane x2.

I am aware that MJ talks about exponentially increasing personal value so that third parties can you pay you large amounts for your service.

He also talks about taking cases that result in large payouts.

Other than these 2, are there any other suggestions from the tribe?

Curious,

There's potentially a very easy way for you to do it-- if you are doing business law, then take payment in equity instead of in cash. If you are doing this for cash-flow producing companies/assets, then this is an easy way to pick up extra cash flow and to FastLane yourself.
If that's not possible now, then look for opportunities like that
Many smaller real estate deals would love to have the services of an attorney in exchange for 1-3% of the deal, as opposed to paying cash (which costs them money, which means more financing...). Find where these people hang out and you will have plenty of opportunity.

 

[Chitown]

Hello

I have read Millionaire Fastlane x2.

I am aware that MJ talks about exponentially increasing personal value so that third parties can you pay you large amounts for your service.

He also talks about taking cases that result in large payouts.

Other than these 2, are there any other suggestions from the tribe?

Curious,

Do your version of LegalZoom but dominate a specific area of law. Tech, biotech, intellectual property, new media, climate, etc. I like the idea that @Bhanu had about starting a YouTube channel. If you provide enough value you'd be surprised how many subscribers you'd gain. Start running ads for a webinar you produce and upsell other services to the folks who optin to your email list.

Check out Valuetainment and Billy Gene on YouTube. Just my two cents. I wish you well.

 

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[biggeemac]

There would be countless ways for an attorney to create a fastlane business. Ask yourself what you could possibly do to put many attorneys out of business. Educating the public would be a good start. I have a buddy that is an attorney that knows financial crimes law. He is considering teaming up with my brother, who is a programmer, and developing software that would be disruptive. A lot of $500 an hour attorneys would suddenly have to work harder, or for less money, if this software is developed.

 

[Conscripted]

Kind of like the doctor app they have now how about a lawyer app. Get some licensed lawyers to answer law questions through an app that offers legal advice for a fee. Maybe a face to face possibility.

I could see this working. A lawyer on demand video conference app. Have a few lawyers on payroll that each specialize in a different area of law.

A customer could pay a nominal fee to have a rental agreement reviewed or a contract evaluated.

 

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[classichouse]

Youtube is the power. We in germany have a guy his name is christian solmecke. He has a big youtube channel (>500.000 subs). He talks about general questions in law and in special media law related topics (make sense @ youtube). In an interview he told the reporter that he has hired more then hunderd lawyers to do the leads from youtube. He makes a shitton of money.

Here is his youtube channel:

Kanzlei WBS

Hier findst du immer die aktuellste Rechtsprechung aus dem Internetrecht, Berichte über neuste Gesetze, Gesetzesvorhaben und Urteile und Tipps und Rat bei Ab...

www.youtube.com

 

[bootstrapper]

FYI in most states that's against BAR regulations.

To OP I'm building a SaaS in the legal field if you have any questions or want to know more just let me know. Automating your practice is also very simple to do and can increase your caseload immensely.

can you tell i'm not a lawyer ?

 

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[rhyeal]

A local lawyer went fastlane with his practice by switching to pay for access, not pay per hour. It's a 24 month, $100 / mo commitment. He targets people starting companies. It's the 1-4 person company that needs their basic operating agreement and LLC filing.

His sales cycle is:
- Give a presentation (it's actually just available online now)
- Send them a book that he wrote
- Get them signed up
- Clients contact him as needed, which is usually once or twice a year for a contract dispute or billing dispute...aka easy lawyer stuff

He's had to tell business incubators around here to stop sending him people because his practice has hit it's upper limit for just him.

Now, the better fastlane version would be to scale up the number of lawyers OR franchise the model out to other lawyers.

 

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[InfinityStones]

Hello

I have read Millionaire Fastlane x2.

I am aware that MJ talks about exponentially increasing personal value so that third parties can you pay you large amounts for your service.

He also talks about taking cases that result in large payouts.

Other than these 2, are there any other suggestions from the tribe?

Curious,

 

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[alexkuzmov]

Hello

I have read Millionaire Fastlane x2.

I am aware that MJ talks about exponentially increasing personal value so that third parties can you pay you large amounts for your service.

He also talks about taking cases that result in large payouts.

Other than these 2, are there any other suggestions from the tribe?

Curious,

Do you specialize in something?
Trade law? Divorce law? Criminal law? ...

 

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[BellaPippin]

How about a guide/ebook for all those difficult tests you guys have in university, for students. I mean there probably are some out there but I’m just throwing a digital product idea, you might know how to give it your own twist.

 

[SEBASTlAN]

Document templates? Any way to productize your service?

 

[SEBASTlAN]

If you provide enough value you'd be surprised how many subscribers you'd gain.

That just reminded me of Legal Eagle, a YT channel with a lawyer who provides tons of great free content. I believe he sells master classes on how to ace your legal exams.

 

[DaRK9]

There's potentially a very easy way for you to do it-- if you are doing business law, then take payment in equity instead of in cash. If you are doing this for cash-flow producing companies/assets, then this is an easy way to pick up extra cash flow and to FastLane yourself.
If that's not possible now, then look for opportunities like that
Many smaller real estate deals would love to have the services of an attorney in exchange for 1-3% of the deal, as opposed to paying cash (which costs them money, which means more financing...). Find where these people hang out and you will have plenty of opportunity.

FYI in most states that's against BAR regulations.

To OP I'm building a SaaS in the legal field if you have any questions or want to know more just let me know. Automating your practice is also very simple to do and can increase your caseload immensely.

 

[TheWriter]

Hello

I have read Millionaire Fastlane x2.

I am aware that MJ talks about exponentially increasing personal value so that third parties can you pay you large amounts for your service.

He also talks about taking cases that result in large payouts.

Other than these 2, are there any other suggestions from the tribe?

Curious,

A lawyer who doesn't know how to make money

 

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[Martin.G]

Can you share the link of that video?

The truth is the video is not so good, she doesn't give any detail about her business, but here it is:

View: https://www.youtube.com/watch?v=hHNUoW37oZk&t=503s

 

[rollerskates]

What’s the need/market demand in your space?

What I learnt from watching shark tank is that there is an industry of lawyers making money from taking copyrights infringement cases.

There are people who gets patents on every horse sheet and sue unsuspecting business owners for money. Like an “extortion” racket. Lol

There's a reverse side of this for an attorney who knows IP law: writing an e-guide on avoiding IP violations. Trust me, there's TONS of Etsy sellers who could use it. Then again, like a lot of things, the market that needs it will probably ignore it.

Also, in my experience with what I've paid them, much of lawyering is fast lane. I remember that all one lawyer had to do for me was write a letter and they got 25% of my PI award.

But I do think some kind of legal-stuff-you-can-do-yourself might be a good idea.

 

[KenCorigliano]

I say you call yourself the "Fastlane Lawfirm" and offer your services here for free, at least initially. The buzz that will ensue will bring clients banging down your door and only second to the exposure you will get to those living the Fastlane already.

My useless two cents.

Ken

I just checked and fastlane.law is available and really cheap. So is fastlanelawfirm.com. I'll get it for you if you don't have the ways.

This would be pretty cool and think of all the help you would be giving people on here. I know I'd love you.

 

[Jeff Noel]

No. Should not be "cheap." Know your value. You wanna be the Neiman Marcus of law firms, not the Walmart.


Yep. THIS IS HOW.



This guy I recently heard of - Sam Molleai. He never meets his clients one-on-one. He is tech savvy and puts everything into packages. Recorded all his stuff already, and knows what the top five most popular questions from clients are, and they gladly pay for his video about a specific topic. Plus he does Zoom calls and email correspondence.

He has a funnel where he asks clients to put out a review and they love to do it, and he has a thousand 5star reviews.

legalfunnel.com

Business Entrepreneur Law is his focus.

I put cheap in between quotation marks for a reason. Cheap can be a $5000 bundle. It's all about perceived value. 5 grand is cheap if the customer believes it's worth $20k.

 

[KenCorigliano]

No. Should not be "cheap." Know your value. You wanna be the Neiman Marcus of law firms, not the Walmart.


Yep. THIS IS HOW.



This guy I recently heard of - Sam Molleai. He never meets his clients one-on-one. He is tech savvy and puts everything into packages. Recorded all his stuff already, and knows what the top five most popular questions from clients are, and they gladly pay for his video about a specific topic. Plus he does Zoom calls and email correspondence.

He has a funnel where he asks clients to put out a review and they love to do it, and he has a thousand 5star reviews.

legalfunnel.com

Business Entrepreneur Law is his focus.

Walmart does +$1 billon a day. Bigger than Amazon and Neiman Marcus together, even including Alibaba or two Amazons together or 100 Neiman Marcus'. The point is to add value and ignore people's irrelevant advice on here. Only you have the complete details of your life and business.

 

[Deleted78083]

I know a lawyer which created a website to let random people ask legal questions for a smaller fee. It grew exponentially and he started hiring more lawyers to answer people. Lawyer services are rather expensive, how could you decrease that?

 

[Deleted78083]

I'm trying to do the same as a doctor. But I'd imagine I'd be less successful, as:

1) Doctor fees are less $$ to begin with
2) You can't do physical exams online
3) There are competing platforms that lets you ask questions for free though I don't know how good they are

Is it possible to have the link to the lawyer's site to have a look?

Where do you live? I heard there is a company in the US specialized in digital consultancy, you could see what needs to be improved in the concept or ask people that use it what misses.

 

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[Deleted78083]

I don't live in the States. Any way to contact them online?

They're called Teladoc Health, good luck!

 

[Guest-5ty5s4]

Pursue literally any business where being a lawyer is advantageous. Real estate, oil and gas, patents and inventions (new technologies) all fit the bill. Anything healthcare related would fit the bill. Investment-related? You get the idea.

You're a lawyer, so you should be able to figure out tougher legal issues than your average entrepreneur. Look at Charlie Munger. You don't need to practice law - you need to go into business, and use your skills and knowledge.

I know that 100 years ago, many of the biggest industrialists and oil men were actually lawyers. They knew how to get the contracts and mineral rights for the drilling, how to structure big deals, information and knowledge most people had zero access to. (Look up Howard Hughes' father)

Be creative.

 

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[100k]

Becoming a lawyer is a costly and long process.

Could you fast-track that process and lower the chances of failing, and increase the chances of succeeding. i.e create a online course that helps you prepare to become a lawyer/pass the bar, pass exams etc.

 

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