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Starbucks, Square, Uber and…Legalshield?

Let me ask you a question: what if you had been in front of the bottled water industry? Or Amazon? Kindle? Perhaps Starbucks? What if you had just a very small piece of those revolutions? Yes, you would be rich, or at least very well off, and you would have complete time freedom.

Most companies that run from a few hundred million to multi-billions quickly, most often revolutionized an old, existing industry. They did not create a new concept that required a great deal of education. Kindle, Amazon and Starbucks took an old product and changed the way the consumer got access.

What is the next big, old industry to be revolutionized? How would you position yourself to benefit from that revolution?

You’d be hard-pressed to find an industry larger and more in need of a revolution than the legal industry.  It dates back to the fourth century Greece; it’s old and it’s big; over $300 billion in the U.S. alone. Unfortunately, it is also broken. The average American has no real access at $300 an hour. Ironically, engraved on the west side of the Supreme Court building are the words, “Equal Justice under Law.”  The reality is that you get about as much justice as you can pay for regardless of your race, color, creed, sex or age. Think of the number of times in a given year that an individual or family experiences a legal issue. Adoption, alimony, financial concerns, collections, medical disputes, home foreclosures, mortgage or refinancing or perhaps an IRS issue. All too often, these issues are ignored or not dealt with properly because of the associated expenses.

LegalShield gives people access to attorneys without having to check their pocketbook. This little company quietly got to a valuation of $450 million on the New York Stock Exchange. And then, recently, was purchased by  a private equity firm, one of three separate firms that were bidding. The sale was finalized at over $200 million more than the valuation! Why?

They understood the potential of this business, and the quiet value of this industry. They understood that with 40 years of experience and a proprietary system of networked attorneys, LegalShield was positioned to fulfill a significant need, providing a service that people both desired and could afford.

Legal Shield can disrupt an old model and revolutionize how legal services are provided in the same manner that the industries of books, coffee and water were revolutionized.

Take a visionary CEO, a dynamic executive management team and 21st century marketing principles and put them in front of an old industry that is begging to be overhauled and what you have is a perfect storm.

Nearly 90% of Americans say they do not have any form of legal insurance or legal protection service.  Nine out of ten people would use attorneys if they were more affordable. Sixty percent of families state they would be interested in a service like ours if they knew it existed.

There is a great opportunity for anyone who can solve this inadequacy. LegalShield has a system and a model that not only fills this need, but allows you to partner on a part- or full-time basis. Please feel free to contact me at the “Ask Patrick” link above for more information.

-Patrick