Provide online legal services in Mexico. The purpose is to create an easy to use platform where legal documents can be created and shared instantly. This is a business model proven successful by other Startups like www.rocketlawyer.com and www.legalzoom.com, with more than $100million each in funding. The risk would be applying a foreign business model in a new market, the opportunity would be an untapped market in online legal services and the advantage of knowledge of Mexican Law and secondary regulations required.
The site would provide affordable and accessible legal services by reducing cost and complexity. The main service is a question-prompt fill in the blank forms that create custom legal documents providing simple step-by-step instructions that help you customize documents for your specific needs.
This is a business model that has been validated and proven successful by two large enterprises; rocket lawyers and legal zoom; in 2010, Rocket Lawyer received $7 million in equity financing from Investor Growth Capital and had over 700,000 online visitors each month. In July 2011, Rocket Lawyer raised $18.5 million in financing from August Capital, Google Ventures and Investor Growth Capital. In December 2011 raised an additional $10.79 million from Industry Ventures, bringing its total funding to $43 million.
The opportunity lies in the untapped market of online legal services in Mexico and the knowledge and expertise of Mexican law, judicial system and close relations with notary publics (activities vary from the U.S.).
We are looking for a cofounder willing to help in the design and development of the mvp.