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©2019 by Richard S. Granat

LegalZoom Has a New Business Model

LegalZoom® which started as a legal document web site based on individual transactions is gradually shifting towards a new business model based upon recurring revenue. Under the guidance of Premira, a private equity fund and now the majority shareholder of LegalZoom®, the company has launched a legal plan that adds legal advice to the purchase of its documents. Premira, is a specialist in helping companies create recurring revenue streams, it’s most recent success being Ancestry.com. The Legal Service Plan business model is the future for LegalZoom®. A network of lawyers in every state has been created with capability of providing legal advice both for personal documents and business documen

Software Substitutes for Lawyers

Marc Andreessen quipped in 2011: “Software is eating the world”. The legal profession is not immune from this development. Law has a high information component. In a large sense, law is information or as Bill Palin, the young lawyer who won the ABA’s Legal Hackathon at last year’s ABA Annual Meeting, says, Law is Code. We are already seeing how Andreesen’s prediction is working its way through the legal profession. If you want to learn more about an impending tsunami of legal disruption read John O. McGinnis and Russell G. Pearces’ law review article in Fordham Law Review, titled, The Great Disruption: How Machine Intelligence Will Transform the Role of Lawyers in the Delivery of Legal Serv