The UK launch of Rocket Lawyer in London’s Tech City is an effort to disrupt the expensive and customer-unfriendly legal industry, news that will interest entrepreneurs, startups an SMEs.
The company has introduced straightforward and affordable legal services across the UK plus free legal services for three days in a bid to simplify the law, cut out the jargon and reduce the costs of legal matters.
Its subscription service of £25 per month may make it an attractive alternative to the current model. For this £25 fee, customers gain access to unlimited legal documents, one free 30-minute consultation with an On Call lawyer per month and a pre-negotiated discount of up to 33% off all additional legal fees.
There are significant savings to be made, especially for producing contracts, drawing out agreements or settling disputes. The company claims these ‘make or break’ costs can be reaped from the first month alone. It’s an interesting idea and similar to software accountancy company Crunch’s disruption of the accountancy industry.
Perhaps somebody could do the same with the mortgage industry and its ridiculous approach to lending individuals money when it’s easier to raise money to set up a startup.