Start A Legal Consulting Business - Business Ideas

Updated: September 15th, 2022
Start A Legal Consulting Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting a legal consulting business, whether for small or large businesses, startups and entrepreneurs, or even individuals, is a rewarding career. It involves significant writing work to establish the business and deal with clients. Make sure to build an online presence, as it will help you get clients by leveraging your reputation by writing high-quality content.

Legal consultants market their legal expertise to corporations, institutions, governments, and individuals. According to experts, the legal industry is witnessing a growth phase that may not slow anytime soon. If you are a registered advocate, you can start your legal services firm.

Starting a legal consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell legal consulting, or selling legal consulting online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$66B
starting costs
$11.7K
gross margin
90%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Successful Businesses

Business URL Rank

LegalZoom

legalzoom.com

5,231

LegalWiz

legalwiz.in

48,674

Modern Legal Services

bizcounsel.com

171,675

Professional Lawyer

professionallawyer.me

258,216

MinterEllison

minterellison.com

359,244

HAYS

hays.com.hk

458,281

Legal Transformation for the Digital Age

unitedlex.com

576,008

Home

deacons.com

1,142,405

Lawyers in Chennai

unimarkslegal.com

1,148,396

Legal Legends

legallegends.co.za

2,292,369

NNC-Members Lounge

nnc-members.com

2,306,516

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a legal consulting business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a legal consulting business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your legal consulting business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Cons Description

Crowded Space

Competition is high when it comes to your legal consulting business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A legal consulting business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a legal consulting business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a legal consulting business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a legal consulting business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a legal consulting business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.