Your email
smcgarry@peoplepc.com
Your Name & Title
Stephen
McGarry - President
Company Name
Global
Legal Leaders
Product Name
Global
Legal Leaders
Company URL
https://www.globallegalleaders.com
Elevator Pitch Describe
what your company does in 500 characters or less
Global Legal Leaders consolidates 20% of the global B2B legal profession. Users are provided access to 10,000 individually vetted firms with 600,000+ attorneys in 160 countries whose annual revenue is $300 billion. Business users, law and accounting firms and corporate counsel can define precisely the services they require from colleagues. Firms, networks, consultants and ALSPs delineate exactly the services they can provide. All users and firms control their own profiles at no cost. This model eliminates most. operating costs and accurate information is assured.
The website can be translated into 109 languages. It now provides access to ChatGPT.
What makes your company
unique or innovative?
What
is different or innovative about your product or your approach in the legal
market?
1.
Global
– Covers every country, US state and Canadian province and is accessible in 109
languages.
2.
All
large firms are individually vetted by multiple legal publications. The 75 networks have vetted their member firms at a cost of ~$3 billion over 25+ years.
3.
Information
on firms and networks are self-maintained with access codes reducing
administrative costs to a minimum. Users create and manage their own profiles.
4.
The
model is similar to billion-dollar websites: Amazon, Linkedin, Uber, Facebook, etc. Revenue is generated by sale of information.
5.
Direct
contact with managing partners of firms, network executives and consultants assure quality ... the model goes to the source.
6. AI integration information related to matters by user type (legal or accounting), subject matters, and locations. The entire site becomes personalized for each organization and individual user.
7. The entire site can be easily translated into 109 languages.
What problem
does your product solve?
Eliminates
market fragmentation by matching client access to professionals meeting their
exact requirements and individual interests everywhere on earth.
Geometrically
and comprehensively expands choice of firms, consultants and ALPSs because
information goes directly to management individuals with the most information on their organizations.
Creates
database for future projections of both the buyer and seller-side of
transactions.
Facilitates
innovation because of the global, size and range of the firms from the largest
to the smallest.
Incorporates
competitive services and products in one website since it is not promoting its
own services. These products and services can be offered to the public on a larger scale.
Collects
data on each matter, location, and client types, and more for sale to firms,
in-house counsel, and other interested parties.
Who are your competitors?
None
– Only past practice and inertia.
No
firm or legal business has more than .3% market. Global Legal Leaders captures 20%.
No
firm or legal business entity is truly global in every market in every country.
The
website is not a two-dimensional directory or a ranking service but three-dimensional
communications tool defined by the users themselves. It is unique for every listed organization and user.
Demo Video URL (if you
have one)
Global Legal Leaders Schematic
When was the company
founded?
October 2021
Where is the company
located?
Houston,
Texas
How many employees do you
have?
Three
– executive and two contract technology
Who are the key
executives?
Stephen J. McGarry BA,
MA, JD, LLM (Tax) Admitted: TX
LA MN Founded: Lex Mundi and WSG - the world's two largest law
firm networks (Combined 44,000 attorneys in 1,200 offices with annual
revenues of $20+ billion). Created:
HG.org, one of the first 10 legal websites in 1995 (Today monthly 1.3 million
unique users). Met in-person with over 400 law firms in
more than 100 countries and every US state and Canadian province. Published: Numerous
publications including ALM’s Multidisciplinary Practices and Partnerships, the only
treatise on the Big 4 in law. Languages: French, German, Spanish Featured in: Wall Street Journal, American Lawyer, IFLR, National Law
Journal, Legal Business, and other professional publications.
Who is your target
customer
(small firm, large firm, law department, etc.)?
Corporate
legal departments, all businesses, law firms requiring contacts in other
jurisdictions, accounting firms, and consultants.
Please list examples of
paying customers:
Businesses,
law firms, and accounting firms requiring data. Service and product providers
seeking an outlet to market their products or services.
What is the price of your
product or service?
There
is no cost for the RFP referral services whose objective is to generate data to
be sold.
Algorithms
will match user profiles with associated services by state, province and
country, practice area interests and languages. This information is very
valuable.
Vendors
of other services will pay fee based upon their sales through the website.
Comparative
information, received from requests for proposals (RFPs), is consolidated to
predict future product and service demand.
Expected 2022 gross
revenue?
0
Projected 2023 gross
revenue?
$1m
– $5m
How many users do you
have?
1,001
- 10,000
How many paying customers
do you have?
0
Tell us more about your
traction. Please share more details on
your revenue, users and customers.
The site recognizes that the largest firms in every country and state receive the most publicity. They are all on the website.
There is no cost or fee for the listed organizations and users.
Incorporates
other law related businesses similar to Amazon incorporates vendors. This would include their customer base
since the website does not compete with their products or services but promotes
them.
Growth is exponential since every request for a proposal response can generate multiple free user accounts.
Describe your plan for
growing the company over the next five years.
Given its model, relatively little investment is required. The technology is readily available.
The
objective is to sell the website to Amazon, Microsoft, LexisNexis, Thomson Reuters or
Wolters Kluwer. Each has a vested interest in the legal market. This can be done in 12 to 18 months.
Have you received outside
funding?
No
outside funding.
Describe any ways in which
your company is diverse or promotes diversity.
Can
accommodate diverse service and product platforms into the data base.
The
request for proposals (RFP) form contains diversity criteria as part of proposals. It is quantifiable data.
Anything else you'd like us to know?
The Big Four accounting and audit firms have expanded to legal services. The website provides an alternative model. It also incorporates the ALSP's of the Big Four. I wrote a chapter in an ALM treatise on the subject. Multidisciplinary Organizations (MDOs) The Competitive Alternative to the Big 4
A copy of your responses will be emailed to the address you provided.
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