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EBay meets the Business of Law
The other day, Nick Cronin, CEO of Lawbidding.com emailed me for me to check out his site. In short, allows folks to confidentially post their legal issues for free, and then allows attorneys to search through the cases and place bids on that work, also for free.
The bids can be based on an hourly fee, flat fee, contingent basis or ‘other’ bid. This allows attorneys and clients to easily create alternative fee arrangements. The client can then select their attorney based on the bids and by looking at the profile the attorney has set up. The selected attorney is then sent the clients contact info. The website has attracted thousands of users (attorneys and clients) from all over the U.S.
It’s a relatively new site (and I can’t vouch for it, as I haven’t used it), but it is yet another example of people thinking creatively about the legal profession business model.
Good luck Nick.
It's an interesting concept, but I wonder if it will prove to be different from the "rent a coder" sites: these are now utterly driven by price only, and many times bidders submit ridiculously low prices in order to get the job without fully understanding it.