Dear small business/start up that will soon go bankrupt, your prayers have been answered:
Legal Hero is a New York-based on-demand legal services provider for startups and small businesses that want to find quality lawyers at reasonable and fixed prices. The startup announced this week it is launching its services in Miami.Good, bad, indifferent?
The founder and CEO, Annie Webber, grew up in Coral Gables and went to Harvard for her undergrad and JD-MBA degrees. But she said the seed of Legal Hero was planted much earlier, talking business around the dinner table with her parents about their family's flower importing business. "I was really cognizant of how difficult it was to get good legal help at reasonable prices, but most importantly at fixed prices. It is just so hard for small businesses to manage their legal budget when they are billed by the hour," said Webber, who spent a couple years as a lawyer before launching Legal Hero.
Founded in November, Legal Hero offers services in New York, Massachusetts and now Florida. So far, the network has 60 attorneys; 15 of them are in Florida with most of them in South Florida, Webber said. They handle issues from entity formation, business contracts and employment agreements, to immigration and intellectual property concerns, she said.
Unlike most legal services providers that rely on retainers and hourly billing, Legal Hero shows the full price of 30 common projects on the website. After a customer chooses a project, the customer is provided a selection of vetted lawyers to complete the project at that price. Legal Hero will manage a bidding process for other services; the prices may vary lawyer to lawyer, but the fee will be fixed.
Who suffers from this type of competition -- seems to me it is competing not with other lawyers but more with Legal Zoom?