Contract Drafting And Review Service

Contract Drafting And Review Service Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Need a clear-cut path into the legal world without a law degree? Look into providing a contract drafting and review service. This business revolves around creating and scrutinizing contracts for other businesses and individuals, ensuring legality and clarity.

Your role is to draft contracts tailored to specific needs and meticulously review existing ones to catch potential issues. It’s not just about writing and reviewing; it requires a deep understanding of legal terminology and a keen eye for detail.

Given the complexity of legal documents, businesses are eager for knowledgeable assistance. Imagine helping startups secure their intellectual property rights or aiding freelancers in setting fair terms.

To succeed, you will need to invest in continuous learning and possibly obtain certifications. Setting up a reliable online presence and marketing your legal expertise is key. This business can be run from anywhere, making it a flexible option with room for growth as your reputation strengthens.

In this list, you'll find real-world contract drafting and review service success stories and very profitable examples of starting a contract drafting and review service that makes money.

1. Legislate ($60K/year)

Charles Brecque, the founder of Legislate, came up with the idea for his legal tech company after experiencing the slow and painful process of creating, negotiating, and tracking contracts in his previous startup role. He realized that making contracts machine-readable through knowledge graphs would be a more efficient solution and secured initial funding to start building the platform. Legislate has since gained over 120 paying clients and raised £1M in funding.

How much money it makes: $60K/year
How much did it cost to start: $150K
How many people on the team: 12

How I Raised £1M And Built A Contract Software For Non-Lawyers

A legal tech company, Legislate, founded by Charles Brecque, makes it easy for non-lawyers to safely create lawyer-approved contracts and track the data they contain, with a team of 12 and over 120 paying clients split between property and employment.

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