Transitioning from litigation to transactional work
Transitioning from litigation to transactional work

This article is written by Ramanuj Mukherjee, CEO, LawSikho.

You know how people talk about how it is so difficult to build a profitable law practice on your own? 

Bullshit, I say.

I started ClikLawyer in 2015 and shut it down in 2016 March. I ran it with two other co-founders for about 7-8 months. Before I started, another 2-3 months of prep work went into it.

It was a side gig. And still, we reached a revenue of 7-8 lakhs per month by the 7th month. In that month, expenses were 2.2 lakhs, which meant we made a very solid profit. 

Our average revenue over those 7 months was approximately 3 lakhs per month. 

The first month itself we did 1.5 lakhs. 

People who say it takes grey hair and a decade to build a law practice have no clue about what they are talking about.

click above

So why did I shut it down?

In April that year, I moved to Goa. I had fallen sick and decided to move out of Delhi at any cost. My co-founders quit for various personal reasons. And I realised I could not keep things running from Goa, even though I experimented to see if I could.

Anyway, I decided more money wasn’t the goal and I need to make my health my primary concern. I already had a very demanding job of being the CEO of both iPleaders and LawSikho. ClikLawyer was the proverbial straw on the back of the camel which would have broken my back.

I erred in favour of sanity and peace. I went to Goa, set upna team in a co-working space in an idyllic and scenic village in Arambol, and that was that.

However, I really got my hands dirty in the law practice business, and while I love what I do at iPleaders and LawSikho, there are times when I totally miss the rush of ClikLawyer days.

Most of the work we did was money recovery. We used technology, and a lot of out of the box strategies to rapidly grow that business. We got a lot of references and repeat business.

I am now working on a law practice development course and this reminds me a lot of my ClikLawyer days.

Is there any question you would like to ask me about building a new age litigation practice? Just reply in the comment section and ask.

Are you struggling with anything in particular? Do share with me.

Also, never allow the knowledge aspect of litigation stop you from succeeding. Here is litigation library:

Here are some other courses for you to consider:

Diploma

Diploma in Intellectual Property, Media and Entertainment Laws  

Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution 

Diploma in M&A, Institutional Finance and Investment Laws (PE and VC transactions) 

Diploma in Cyber Law, Fintech Regulations and Technology Contracts 

Diploma in Entrepreneurship Administration and Business Laws 

Diploma in Companies Act, Corporate Governance and SEBI Regulations 

Executive Certificate Courses

Certificate in Labour, Employment and Industrial Laws for HR Managers 

Certificate Course in Advanced Criminal Litigation & Trial Advocacy  

Certificate course in Companies Act 

Certificate course in Insolvency and Bankruptcy Code 

Certificate Course in Advanced Corporate Taxation 

Certificate Course in Advanced Civil Litigation: Practice, Procedure and Drafting 

 

Did you find this blog post helpful? Subscribe so that you never miss another post! Just complete this form…

1 COMMENT

  1. There are a lot of informal tricks involved in litigation which people either don’t talk about much and when they do they say it takes Atleast 10 years of experience to learn such informal tricks, ethics, behavior standards. But i have seen 2nd generational lawyers (my friends) being taught such stuff by their fathers. For eg – Things to say or do to please a judge in various situations, What to say and do when ur opponent counsel is a senior you have worked under, various techniques (legal, not so legal) of arranging docs. Being a 1st gen lawyer, these things bother me a lot. If an experienced lawyer can teach these techniques in lectures in an informal way, it would be an icing in the cake.

LEAVE A REPLY