Law Firm Fastlane?

[off-line77]

Hey everyone, Im Kairos.
Im new to this thread and Ive started a degree in Laws; Ive also read Millionaire Fastlane . Ive got an idea to start a law firm, issue is, its a highly saturated market here in Australia, so I would have to differentiate myself very effectively.

I dont believe that many firms here in Australia actually have a strong intention to serve their clients, and if I start a firm providing LegalAid (providing legal services to economically disadvantaged, and numerous small crimes) I would be different if I reframed the business strategy to compassionately serve the client.

I know if this differentiation is done correctly, the business would excel. However, Im not sure if this is ‘Fastlane’.
Should I pursue this goal after I’ve made a fastlane business? Or is this a viable fastlane option?

Feedback on this would be much appreciated.

 

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[Jerma]

Do you believe that this business model is going to be profitable? I'm not in the industry, but if your target demographic is the economically disadvantaged ($), and you want to actually help them ($$$).. It doesn't sound like the most balanced plan.

I think you have great intentions with your plan, but

“Money isn’t everything...but it ranks right up there with oxygen.” - Zig Ziglar

A business can't survive without money.

Maybe if you innovate and drive the cost down a lot via automation? Something like fixed.

 

[off-line77]

Do you believe that this business model is going to be profitable? I'm not in the industry, but if your target demographic is the economically disadvantaged ($), and you want to actually help them ($$$).. It doesn't sound like the most balanced plan.

I think you have great intentions with your plan, but

A business can't survive without money.

Maybe if you innovate and drive the cost down a lot via automation? Something like fixed.

I see what you mean. Im definitely going to go ahead with this, but by your response, its wiser to push it back to after Ive acquired wealth.

 

[Boogie]

I'm not a lawyer.
In the USA, law can be extremely profitable, especially for the partners in the business.

Here are some examples of sites from a couple of law firms that seem to do a good amount of business. The first deals with credit repair and the second has a whole list of services that it performs:

https://www.lexingtonlaw.com/ -- Their site shows that they've had over 500,000 clients

Personal Injury Attorney Brooklyn, NY | WeSettle

Tanya Gendelman is an experienced personal injury attorney in Brooklyn, NY specializing in automobile accidents, workplace accidents, and wrongful deaths!

wesettle.com

You can see what they offer and how they offer their services to prospective clients.

 

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