5 Legal Services Business Success Stories [2024]
Cryptocurrency lawyers are professionals who offer sophisticated and knowledgeable legal counsel to clients navigating the rapidly evolving cryptocurrency and blockchain space. They provide clients guidance concerning litigation, money transmission, token offerings, and other crypto-related issues.
To become a cryptocurrency lawyer, you should have in-depth knowledge about token issues. Besides, you should have a certified degree of law from an accredited institution. Lawmakers in Washington D.C. and across the world continue figuring out how to establish laws and guidelines to make crypto safer for investors and less appealing to cybercriminals.
Therefore, this is a great opportunity for crypto lawyers to participate in shaping the future of crypto transactions.
In this list, you'll find real-world legal services business success stories and very profitable examples of starting a legal services business that makes money.
1. Dabdoub Law Firm ($9M/year)
Edward Dabdoub, leveraging his family's legal background, found his calling in disability insurance law during law school. After winning a life-changing case for a client, he launched Dabdoub Law Firm, now generating $500,000-$700,000 monthly.
How much money it makes: $9M/year
How much did it cost to start: $250K
How many people on the team: 22
A disability insurance law firm founder saw sustained growth from $100,000 to $500,000-$700,000 fees per month, serving 200+ clients yearly, through a client-focused model emphasizing quality work and nationwide representation with online reviews, tracking of leads, and a dedicated marketing strategy.
2. HMW Law ($3M/year)
Brandon Henderson, the founder of HMW Law, started the business out of his apartment in 2002 with no money. Through a direct mail campaign, sales skills, and a focus on client satisfaction, he built a strong reputation and grew the business into a multi-million dollar-a-year enterprise. Now, he has his sights set on reaching eight figures by 2025 and expanding the firm to other cities in Ohio.
How much money it makes: $3M/year
How much did it cost to start: $200
How many people on the team: 20
This case study follows the growth from scratch of a Personal Injury and Criminal Defense law firm that started from direct mail campaigns and has now expanded into a multi-million dollar-a-year business with the goal of becoming an 8 figure firm, while maintaining a customer-centric approach and fostering a culture of innovation and excellence.
3. 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.
4. Lygal INC ($960K/year)
Ugur Yuruk's lightbulb moment came when he struggled to set up a .com Amazon account using his Turkish and Chinese bank accounts. Realizing the gap, he launched TheITIN to help 3,000+ non-Americans from 150+ countries establish US entities and access global markets, now generating $80k monthly revenue.
How much money it makes: $960K/year
How much did it cost to start: $500
How many people on the team: 9
Facilitating over 3000 customers from 150+ countries, TheITIN generates $80k in monthly revenue by providing seamless US business incorporation solutions for non-Americans, including setting up entities, tax IDs, business addresses, banking services, and access to selling platforms, all handled by a lean, eleven-member global team.
5. Notary Training Network ($54K/year)
recognize the value you bring, but that doesn't define your worth. Surround yourself with like-minded individuals who believe in your vision and continue to push forward.
How much money it makes: $54K/year
How much did it cost to start: $0
How many people on the team: 1
Notary Training Network, the first state-approved notary education program mandated by law in Maryland, founder Michol Bobb shares her journey of starting the brand and how she achieved full classes of 30-40 students every month through a strong foundation and being hands-on in her business.
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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.
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.
