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The online legal marketplace is similar to other competitive marketplaces. In general, 20% of the legal players dominate 80% of the market. This occurs because they are able to spend over $20,000-$100,000 per month on legal marketing while others cannot afford this high monthly expense.
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· 90% of all businesses are engaged in lawsuit at some point. - Forbes.com
· over 100 million cases are filed in U. S. courts every year. - Rocket law
· Contract dispute lawsuits makes up about 60% of 20+ million civil cases filed every year.
· As many as 52% of all civil Lawsuits target small businesses each year in the U. S. - Klemm Analysis Group
· 75% of U. S. small business owners are worried that they
may be involved in a frivolous lawsuit. - facesoflawsuitabuse.org
· Small businesses earning $1 million per year spend $20,000 on lawsuits each year. facesoflawsuitabuse.org)
· The median costs for a business lawsuit starts at $54,000 and can reach $91,000 for a liability suit. - courtstatistics.org,
· 4-10 small businesses are likely to experience a property or general liability claim in the next 10 years. - Hartford’s small business claims.
· Small and medium sized U. S. businesses have a 12% chance that they it will be hit with an employment lawsuit. - Hartford’s small business claims.
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Over 1/3 of potential clients start their attorney search online. (Source: iMarc)
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