For those who have sought legal representation in the past, the need for change is difficult to ignore.
Since most ordinary people don’t have a cadre of lawyers on stand-by, they must (following an often-times tragic, traumatic, and/or stressful event) begin what is a frustratingly haphazard search for effective legal representation; one that is frequently informed by no more than a quick Internet search, a chance encounter with a billboard, or the lingering effects of a catchy jingle/slogan.
After calling a number of local lawyers and taking time off from work/school, clients must schedule and attend in-person, weekday meetings with the identified lawyers (at least those who have not yet identified a conflict of interest or another reason to decline) and try to evaluate whether the proposed costs of representation meet their unique needs.
Naturally, given the time and energy each potential client has already invested in booking this meeting, their limited ability to collect data on what the market has to offer, and the building stress from the event that caused the search in the first place, clients will often feel pressured to simply accept any proposed terms in order to just ‘get on with’ the process of pursuing justice.
Meanwhile, lawyers are practically forced to dump cash into high-saturation marketing campaigns as a means of attracting these same clients to their respective firms. Without flashy advertisements, gleaming office buildings, and professional photographers, many competent (yet smaller) firms never even get the chance to make an offer.
Through contingentSee, potential clients may anonymously post information about their claimed cause of action and have it reviewed by lawyers in the marketplace. Lawyers who are interested may anonymously bid on cases of interest by offering a competitive fee arrangement and other terms. Clients may then review the anonymous bids and select the most competitive offer. Once a bid has been accepted, the case, bid, and contact information are automatically exchanged by e-mail. It’s that easy! “contingentSee will revolutionize the marketplace for legal services,” said Tarek Moharram, Founder & President of Moharram Ventures. “We’re already seeing promising pre-release demand from both service providers and the public because of the value our platform provides.”
The basic functionality of the existing legal marketplace has frequently been called into question as of late, with even industry leaders lamenting an environment that now mimics the “wild west”. Change is urgently needed.
“Successfully bringing an idea to market requires not only a great idea, but also perfect timing to capitalize upon an existing need. With an exceptional product and a marketplace that has been yearning for innovation, we have our work cut out for us.”
contingentSee is set to officially launch in spring of 2019.