Legal Marketplaces :
Efficiency and Transparency on Online Legal Platforms
Why should one trust a lawyer online rather than work with one in person? Often times the problem arises when we become content with the traditional and customary definition of a legal facility and are unable to step outside of our comfort zones to take advantage of a more innovative and easier-to-use legal service.
A profession should develop side by side with the everyday additions of technological advancements, which is exactly the purpose behind the transformation of the standard law sphere to an online legal platform. Online legal marketplaces mark a novel path to the legal world offering innovative methods in communication, privacy, and case management.
Thus, although one might initially pose such a question upon seeking a lawyer, a careful look at the dimensions and benefits of the tech-savvy legal marketplace will leave a client with amazement and certainty in his or her selection.
Legal Fees
Legal fees are one of the most recognized and determinative factors in the selection of a lawyer. High retainer fees usually result in the loss of clients and as stated by research, “traditional law firms are facing a very large amount of pressure from clients to deliver more at less cost and higher quality.”
Online legal marketplaces have resolved this issue by offering cost-efficient services that meet any budget while still providing quality-level and professional service. How does this work? It’s simple, legal marketplaces are not law firms. This in itself deducts a massive part of a standard legal bill. As it was stated in an article, “legal technology helps the clients by providing access to online software that reduces time, money, and several other costs.”
A legal marketplace allows for legal advice online without one having to lose time searching for a lawyer or even spending time in commute each instance that a meeting is needed to be held. Hence, what is seen on these platforms is higher efficiency yet lower costs.
Outsourcing
Outsourcing is also another common behavior in traditional law firms. A law firm might not have the resources to help a client that seeks assistance in another jurisdiction or a practice area that is not specific to that firm. Unsurprisingly, law firms aspire to secure clients by using resources outside of their own firm.
This outsourcing results in extremely expensive legal fees which are not only unfair to a client’s pocket but might be detrimental to a client’s time. This is no longer a problem on legal platforms, especially those working transnationally such as LegaMart, as a wide array of jurisdictions and practice areas are made available to clients in need of talking to a lawyer. In fact, such marketplaces offer legal advice at all times without any discrepancies.
Legal demand is transitioning to the online sector and as a recently published market research on the United States claims, “The US alternative legal service providers market will grow at a staggering CAGR during the forecast period due to the intense business and regulatory changes driving the need for sweeping, company-wide transformations, and creating expansive hurdles for compliance and legal functions.”
The direction of the legal world is evident as clients search for more transparent, efficient, and budget-friendly services. Online legal platforms such as LegaMart offer direct communication between a lawyer and a client, which imposes no false or faulty exchange in the information. At times, the status of a case is made visible to an online client, which is another aspect of transparency that is missing in the traditional legal world.
Thus, there is no doubt that clients will accommodate to innovate legal services in the booming trend and growth of the online legal industry. Online legal marketplaces are made available to clients across the globe offering high-quality services, easier channels of communication, transparency, and most importantly lower costs. The burden and concern of finding a trustworthy lawyer in a jurisdiction other than your own are long past in the age of legal-tech.
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