Many people ask us how the poor economy is affecting our young legal saas business. The answer is we’re doing quite well. Why?
One of the reasons is that many people are now starting their own law firms. And, newer firms are looking for online legal practice management and a way to do time and billing on the web. Online tools save overhead expenses and are easier to use (that’s the idea, anyhow).
Here’s an interesting article from the ABA Journal that discusses this trend. The following is a brief snippet.
Despite the struggling economy, lawyers are opening new firms—some voluntarily, and others as an alternative to unemployment.
In both cases, many of the fledgling law partnerships are doing well, reports the National Law Journal.
In addition to finding plenty of work despite the struggling national economy, partners of many start-up law firms are also noting that current conditions can actually benefit a small business like theirs.
At Rocket Matter, we see a lot of firms starting out and getting up and running. Feel free to contact us for resources and best practices – we’re happy to help!