6 Business Law Consultant Success Stories [2024]
Navigating the complexities of business law can be daunting for many companies. Enter the business law consultant. In simple terms, a business law consultant provides expert legal advice to businesses, ensuring they comply with laws and regulations while protecting their interests.
By offering services such as contract reviews, compliance auditing, and legal risk assessments, you can help businesses steer clear of costly legal pitfalls. For those with a background in law, this is an enriching avenue to utilize specialized knowledge and skills.
There is a significant and growing demand for such services as the regulatory environment becomes increasingly complex. Starting a business law consultancy allows you to offer critical support to businesses, helping them thrive in a legally sound manner. Itβs a chance to build a reputation as an indispensable advisor, ensuring companies stay ahead of legal challenges confidently.
In this list, you'll find real-world business law consultant success stories and very profitable examples of starting a business law consultant that makes money.
1. Dezan Shira & Associates ($18M/year)
Chris Devonshire-Ellis started Dezan Shira & Associates in Hong Kong in 1992 with very little capital. Despite warnings not to go to China, he saw its potential and moved there to explore business opportunities. Through hard work, strategic networking, and innovative marketing techniques such as distributing pamphlets and utilizing the internet, the business grew to become one of the most influential consulting practices in Asia with 28 offices across the region and a turnover of approximately $20 million per annum.
How much money it makes: $18M/year
How much did it cost to start: $2K
How many people on the team: 300
Asian-focused consulting firm Dezan Shira & Associates, founded in Hong Kong in 1992, has expanded to include 28 offices and a client base of several thousand companies with US$20 million in annual turnover, handling about US$8 billion in foreign investment into Asia, by determined hard work and creativity in marketing, billing structure and hiring equity-dependent staff.
2. Rankings.io ($8.4M/year)
Chris Dreyer, the CEO/Founder of Rankings.io, came up with the idea for his SEO agency while working as a detention room supervisor. Bored at work, he Googled "how to make money online" and discovered digital marketing. He found success in affiliate marketing and eventually transitioned into the hyper-competitive field of legal marketing, opening his own agency.
How much money it makes: $8.4M/year
How many people on the team: 20
Rankings.io is a hyper-focused SEO agency that helps elite personal injury law firms dominate first page rankings and was ranked #858 in the Inc. 5000 list of the fastest-growing companies in America for 2018, with a current revenue just under $300,000 per month, with plans for a record-breaking year.
3. SeedLegals ($4.5M/year)
Anthony Rose, the founder of SeedLegals, came up with the idea for his business after getting tired of paying lawyers during his own startup ventures. He met his business partner, Laurent Laffy, and together they decided to transform the way funding rounds are done by creating an always-on platform that allows startups to raise funding more efficiently and cost-effectively. With SeedLegals now being the largest, fastest, and most reliable way to close a funding round in the UK, investors and founders alike have embraced the platform's ability to streamline and automate the legal process.
How much money it makes: $4.5M/year
How many people on the team: 40
SeedLegals is a UK-based startup that provides a platform allowing startups to conduct funding rounds dramatically more efficiently and cost-effectively, and has been named Rising Star Legal Team for Early Stage Deals by the UKBAA.
4. New Law Business Model ($3.6M/year)
Ali Katz, a former attorney, came up with the idea for her business, the New Law Business Model, after realizing the flaws in the traditional transactional approach to law. After building her own million-dollar law practice and online training company, she decided to walk away and file bankruptcy but later realized that it wasn't being a lawyer that she hated, but rather the mindset and broken dynamics that came with it. She created a new business model and systems that allow lawyers to be counselors and trusted advisors while making the marketing and administrative aspects of the business easier.
How much money it makes: $3.6M/year
How many people on the team: 10
How a former attorney created a lucrative business model and system for re-training lawyers to transition from a traditional, transactional approach to law to a more relational one, resulting in high six- and seven-figure law practices, as well as more meaningful and fulfilling work for lawyers and better outcomes for clients.
5. Albers & Associates ($1.8M/year)
Ross Albers, the CEO of Albers & Associates, came up with the idea for his personal and professional development law firm after getting fired from his job two weeks before his wedding. He started his own firm from his dining room table and focused on acquiring new clients through referrals from chiropractors. Today, the firm has grown to include six attorneys and multiple locations, with a vision to become a $150 million business with offices nationwide.
How much money it makes: $1.8M/year
How much did it cost to start: $2.5K
How many people on the team: 12
Albers & Associates, a personal and professional development company that deals with criminal, family, and injury matters, aims to become a $150 million business with offices across the United States through acquiring firms whose attorneys want to focus on practicing law and not managing the business.
6. Parr Business Law ($960K/year)
Steve Parr, burdened with $250,000 in student debt, pivoted from a reluctant lawyer to entrepreneur after struggling with the complexity of legal contracts for his Airbnb property management firm. He saw a gap in the small business legal market and launched Parr Business Law in 2017, now generating $80-90K/month.
How much money it makes: $960K/year
How much did it cost to start: $1.5K
How many people on the team: 5
This case study article follows the journey of Steve Parr, founder of Parr Business Law, a boutique small business law firm in Vancouver that started from scratch and now generates $80-90k/month in revenue, with a projected net profit of $300k in 2023, offering unique services in corporate law and estate planning law.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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