Episode 214 of The Business Development Podcast features Brett Colvin, CEO and co-founder of GoodLawyer, who is on a mission to fix what’s broken in the legal industry. Brett shares his journey from corporate lawyer at one of Canada’s largest firms to disrupting the status quo with a smarter, more accessible legal model. He explains how traditional law firms operate on outdated structures that leave both businesses and lawyers frustrated—leading to a staggering statistic that half of all lawyers leave the profession within five years. With GoodLawyer, Brett is pioneering fractional legal services, offering businesses high-quality, in-house-style legal support without the overwhelming costs of big firms.
In this episode, Brett and I dive into why the current legal system doesn’t work for most entrepreneurs, the biggest legal blind spots that hurt growing businesses, and how his company is giving both lawyers and clients more flexibility and value. We discuss the power of transparent pricing, the challenges of building a legal tech startup, and why Brett believes the future of legal is changing fast. If you’re a business owner, startup founder, or just someone who has struggled with legal services, this episode will give you insights into a better way forward.
Key Takeaways:
1. The traditional legal model is outdated and doesn’t serve entrepreneurs effectively.
2. Half of all lawyers leave the profession within five years due to burnout and lack of fulfillment.
3. Law firms take 80% of the value from billable hours, leaving both lawyers and clients frustrated.
4. Fractional legal services provide businesses with in-house-style legal support at a fraction of the cost.
5. Transparent, upfront pricing removes friction and helps businesses make smarter legal decisions.
6. Lawyers can make more money and have better work-life balance outside of traditional law firms.
7. A strong legal foundation early on prevents costly mistakes for startups and small businesses.
8. Innovation in the legal industry is possible but requires breaking away from outdated structures.
9. Business owners often don’t realize they need legal help until it’s too late.
10. The future of law is changing fast, and entrepreneurs need flexible legal solutions to keep up.
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