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.
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:
Executive Certificate Courses