EJ: I don't typically think of lawyers as entrepreneurial. I assume that people who
want post-graduate education who are entrepreneurial get an MBA. How did you
go about validating your idea as you were thinking about this and seeing the
demand for people to start their own practices?
Raad: When I was graduating law school, I was entering one of the worst legal
job markets in history. I realized I might not get hired by anybody. It was affecting
hundreds of thousands, if not millions of lawyers all around the world.
What do we do about that? I looked at the law firms that were laying people off,
and others that were simply not hiring. The demand for legal work was still increasing.
People needed lawyers, companies needed lawyers. The demand was there. There
was just this imbalance of supply and demand from a high overview, macro perspective.
What if we got a bunch of these lawyers that are willing to offer up their services
connected to people or companies that are actually looking to hire them. What if
we built out different tools to make them more efficient instead of everything
happening offline, which was my experience working at different law firms and
public interest organizations.
It was very routine, very manual. There was no dashboard. It was all phone calls
and sometimes faxes. I thought it would be a fun idea to bring a lot of that information
online and do something useful with it. Why is it only creatives that can be independent,
like designers or writers. Why not white collar professionals?
What we're working on is specifically the legal vertical. But, I see this trend of people
building out these hyper-vertical labor marketplaces across anything from management
consulting to finance. They're disrupting the McKinsey, and the Ernst & Young models.
We’re disrupting the BigLaw model.