Interview sessions with Savvas Skordellis.
There are many exciting innovations shaking up the legal market. Perhaps one of the most exciting is Legal Connection, a unique product that mixes the connective user experience of tools like WhatsApp and Slack with the CRM-like functionality of a more traditional case management system.
When I was working at Cosmonauts, I had the pleasure of working with the CEO and co-founder of Legal Connection, Guy Stern.
In November 2019, the Solicitors Regulation Authority announced a set of guidelines for freelance solicitors. Lawyers in the UK have many options for how they practice both within and outside of the traditional law firm structure. Legal Connection is a unique product that allows lawyers to easily run their solo practices as well as connect with lawyers from within their networks to create virtual firms.
Guy Stern:
“I spent a year chatting with lawyers and learning about the interesting ways in which they work. Many solo practitioners will collaborate with peers from outside their law firms to win high paying work. The lawyers I spoke to all told me that there was no one product that facilitated this way of working. So, I built Legal Connection to solve their various pain points”
In 2019, Legal Connection was selected for pre-seed funding by a top VC firm, Antler for their first London cohort. Antler invested £120k for 10% of the business and this money was used to develop the product for the UK market and achieve first traction.
When it came to raising their seed round, Legal Connection opted for crowdfunding.
Guy Stern told us his reason for going this route:
“Legal Connection is a product that grows through network effects and so when it came to fundraising, we wanted to make sure we included as many people as possible. With Crowdcube, anyone that has an interest in legal innovation and believes in what we’re building can join in our success.”
Legal Connection produced a fun and engaging video for the campaign which you can see here.
The crowdfunding campaign went live on Crowdcube just 4 days ago and the round is already 89% complete, at the time of this writing. The way crowdcube works, you can invest any amount and since Legal Connection is SEIS compliant, many investors will enjoy a tax-benefit when investing. Still, it’s important to remember that there is always a risk when investing in early-stage companies so proceed with caution.
https://www.crowdcube.com/legalconnection
We wish Legal Connection the best of luck on their crowdfunding campaign and will track their success both in the round and as the product grows into the market.
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