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Trevor Lowenthal
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With emphasis on the biopharmaceutical industry, I focus my current portfolio on undervalued opportunities. Through my position with Seeking Alpha, I hope to elucidate undervalued companies that are exploring revolutionary treatment modalities for a wide spectrum of rare and devastating medical... More
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  • Quicklegal -- An Emerging Tech With A Compelling Value Proposition

    In a world where just about anyone with an idea and a couple of bucks can attempt to create the "next big thing," it is rare to come across a startup that genuinely has a compelling value proposition. Nevertheless, I believe Quicklegal is one such opportunity, and I encourage readers to visit the company's website, www.quicklegal.com, to learn more about its services.

    The legal technology industry is growing rapidly. Just last year, law firms in the U.S. earned $266 billion in revenue, but with more and more clients becoming computer-savvy and depending on the use of modern technology, the traditional law firm model is breaking. Clients are demanding affordable legal advice on demand and most law firms aren't equipped to provide it. Quicklegal is designed to be fast, efficient and easy to use for both the consumer and the attorney. When something happens or a question arises, many consumers wish they had an attorney to chat with for few minutes to ease their concern and help them contemplate the next step. Attorneys, who are often looking for ways to service more clients and bring in new streams of income, need a way to assist these consumers - but not at the risk of nonpayment or unnecessary liability risks.

    Quicklegal is a company leveraging the growing demand for both immediate and efficient communications between attorneys and prospective clients. On the one hand, the company provides clients immediate access to attorneys on demand through the Quicklegal application (which will soon be available for download on Google Play and the AppStore). In doing so, Quicklegal makes a portion of its revenue by assessing a small fee to the attorney. At any time, the client can opt to extend the dialogue to his satisfaction, whether that time is required for the transferring of legal documents or simply to discuss additional legal matters.

    On the other hand, Quicklegal provides attorneys with immediate access to prospective clients unlike any other platform on the market today. Specifically, the service allows attorneys to council prospective clients, and, in turn, promote their personal practice. The obvious incentive here for attorneys is to retain clients through Quicklegal. Of course, this luxury comes with a subscription fee, but given the enormous value potential of retaining legal clients, I believe that Quicklegal will likely receive an influx in subscriptions going forward.

    Granted, Quicklegal is currently private, so investors shouldn't expect to see the equity being traded on a major exchange anytime soon. As for the long-term, investors should be on the look out for Quicklegal, for its superior communications platform technology could very well take the legal world by storm.

    For more information, visit the company's website, www.quicklegal.com.

    Also check out its marketing campaign on indiegogo if you are looking to support the company and/or looking to pre-purchase minutes to speak with an attorney on Quicklegal, or if you are an attorney interested in pre-purchasing a subscription package.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: The information contained in the article above should not be construed as investment advice. This information is for entertainment purposes only. The author has made a best effort to verify the facts presented. As such, any inaccuracies should be identified and addressed accordingly. The author is related to the company's Vice President of Operations, Justin Lowenthal, but has not written this article at his direction or at the direction of any third party.

    Sep 17 2:02 PM | Link | Comment!
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