Lawyers could have earned good margins previously by providing the services that clients value most: expert legal advice. The ability to produce increasingly complicated legal work eventually exceeded the complexity level that most clients were willing to pay for. This changed the source of profit away from law firms, and forced changes to the manner in which legal services are offered.
A legal expert can be hired to help businesses handle their legal issues, like the negotiation of contracts, managing claims from employees, and defending intellectual property rights. Their expertise can be used to limit legal risks and ensure compliance with federal and local law. They are available on the internet and in person, and they are paid on an hourly or flat rate basis.
Many legal professionals are gifted at writing and they can make this talent into an income-producing side hustle by creating a blog about legal issues. This is a great way to keep up with the latest legal trends and share your knowledge with others. You can publish legal content on several platforms including Amazon’s Kindle Marketplace and Payhip.
In addition to writing a legal blog you can also earn money by making videos for the general public on sites like Youtube and Vimeo. This is a great way to develop your presentation skills and make an extra income from your knowledge. The demand for video content is increasing and it’s a fantastic opportunity to establish a name and stay relevant in the legal world.