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How do I go Fastlane as an Attorney?

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rhyeal

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Sep 5, 2019
27
35
24
Anchorage, AK
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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Attila77

New Contributor
Dec 8, 2018
13
15
19
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,
My idea is to specialize.

In Hungary there is a guy who calls himself the “Lawyer for Internet businesses”. He speaks on marketing conferences for web entrepreneurs, has a website and shares his free advice for website owners.

As no one else does this, he is considered the No 1. guy when it comes to legal advice for internet business owners. He makes a lot of money with this technique.

If I was a lawyer I would do something similar.
 

Dwight Schrute

Ludicrous Speed
Read Millionaire Fastlane
Speedway Pass
Oct 27, 2014
526
1,440
435
Hyperspace
I always assumed the lawyers who rake in the big bucks are those whose clients are suing for tens, or even hundreds of millions, and they're getting a fat piece of that cake if they win the case. No?

Edit: Just read OP again and saw that you already mentioned that, my bad
 

KenCorigliano

Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Jan 29, 2020
39
38
45
Washington DC area
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,
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
 

KenCorigliano

Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Jan 29, 2020
39
38
45
Washington DC area
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.
 

Boom

Bronze Contributor
Summit Attendee
Dec 8, 2011
18
102
64
Oklahoma City
Partner with an investor.

Leverage your customers.

Offer your services for equity in a residual business.
 

Kepler

Bronze Contributor
Summit Attendee
Mar 4, 2015
73
116
121
23
Scottsdale
Pick a service that you offer, which you could sub out to your fellow lawyers or paralegals.

Offer it at a flat rate and market the service bundle like it’s a product.

Sit back and collect money as referrals
 

Drive2Riches

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 18, 2014
188
332
181
Washington
I'd go full Tai Lopez and start teaching people specific law "bundles" for "cheap"
No. Should not be "cheap." Know your value. You wanna be the Neiman Marcus of law firms, not the Walmart.

Document templates? Any way to productize your service?
Yep. THIS IS HOW.

Automating your practice is also very simple to do and can increase your caseload immensely.
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.
 

Jeff Noel

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 26, 2018
645
1,350
422
Quebec, Canada
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.
 

Rchene4

PARKED
Feb 24, 2020
1
0
1
Louisiana
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.
What’s your sass? Also what’s your automation strategy for firms?
 

DaRK9

Gold Contributor
Speedway Pass
May 23, 2014
746
1,536
496
What’s your sass? Also what’s your automation strategy for firms?
The SaaS is legal automation. Lots of firms are held together by Zapier and/or Integromat which if you have ever used either, aren't the most reliable tools.

We are in early dev but we have worked with firms to automate transcriptions, billing, intake, document storage, review requests, and filing procedures.

We work specifically with law firms that use Clio.
 

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KenCorigliano

Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Jan 29, 2020
39
38
45
Washington DC area
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.
 

Drive2Riches

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 18, 2014
188
332
181
Washington
"I'm the Walmart of the legal profession" sounds much different than "I'm the Nieman Marcus of the law profession"

Walmart is great for buying storage bins or a basketball. Comparing Neiman Marcus to Walmart implies purchasing clothing, which is an important distinction in the analogy with legal advice.

For legal advice, cheap screams risky. Value perception is everything.

Walmart does +$1 billon a day.
offer your services here for free,
The point is to add value and ignore people's irrelevant advice on here.
 

mon_fi

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 3, 2020
70
58
48
Brussels
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?
 
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fastlanedoll

Bronze Contributor
Read Millionaire Fastlane
Aug 21, 2019
119
104
124
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?
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? :p
 

mon_fi

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 3, 2020
70
58
48
Brussels
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? :p
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.
 

fastlanedoll

Bronze Contributor
Read Millionaire Fastlane
Aug 21, 2019
119
104
124
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.
I don't live in the States. Any way to contact them online? :p
 

KenCorigliano

Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Jan 29, 2020
39
38
45
Washington DC area
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? :p
Looks like you're getting your opportunity
 

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