Lawyers could have enjoyed attractive margins in the past providing the services that clients value most: expert legal advice. The ability to create increasingly complicated legal work eventually exceeded the complexity level that the majority of clients would pay for. This has shifted the source of profit away from law firms and forced changes to the manner in which legal services are delivered.
Legal experts can be hired by companies to help in addressing legal issues. This includes negotiating contracts and managing employee claims and securing intellectual rights. Their expertise can also be used to reduce legal risks and ensure that businesses are in compliance with federal and local laws. This kind of specialist can be found online and in person and can be billed on an hourly or a flat basis.
Many lawyers have a talent for writing and could turn this skill into a profitable side hustle by creating a blog about legal issues. This is a great method to keep up with the latest legal trends and share your knowledge with others. There are several platforms where you can publish your legal content, including Amazon’s Kindle marketplace and Payhip.
You can earn money by creating videos on sites like YouTube and Vimeo. This is a great opportunity to improve your presentation skills and earn an additional income. Video content is highly sought-after and is a great way to establish your reputation and keep up-to-date in the legal realm.
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