Feesier

🎄Wishing everyone love, joy, happiness and should you need them, attainable legal services 🤓

🤝 We are delighted to welcome a new Feesier partner legal practice! 💼 Cloude Law is a specialist law firm dealing in commercial law, dispute resolution and commercial property law. ✅ We are looking forward to helping them and their clients with payment of legal fees. 📢 More exciting announcements coming soon!

🗞️ A few (of many more) press clippings confirming these simple facts: 1️⃣ There is a long-standing problem of access to legal services in the UK 2️⃣ The BNPL model is here to stay and can be an effective solution for this problem Feesier's mission is to effectively address the two. Image sources: Image 1: https://lnkd.in/eypzNEdr Image 2: https://lnkd.in/esSCawwT Image 3: https://lnkd.in/e-k7xbMz Image 4: https://lnkd.in/efTK6ZYx Image 5: https://lnkd.in/eP7ufHMp

Which Christmas ball catches your eye? 🎄 This week’s newsletter is packed with 9 new opportunities, featuring groundbreaking startups like health tech for migraines, AI-driven sports recruitment, and tools making justice accessible. As we countdown to the holidays, we’re highlighting companies that are making big strides—and with one already 153% overfunded, the future of equity crowdfunding is looking brighter than ever. 🇦🇹🧠 Brightmind.AI is enhancing migraine treatment with personalized rTMS technology, tripling efficacy. Funds will fuel trials, product growth, and scaling. 🇬🇧👨🏻⚖️ Feesier offers cost-free legal fee financing, making legal services more accessible while boosting legal practice operations and expanding market reach. 🇱🇻🥗 Kalé Latvia Organic is redefining healthy snacks with kale-based products. Funds will ramp up production and expand into new markets for sustainable snack options. 🇩🇪🚬 #LunaMedical provides a step-by-step smoking reduction system. Patented globally, it aims to scale and finalize its software for broader impact. 🇷🇴⚽️ Nordensa® allows fans to co-own football talent, earning a share of players’ future income. It seeks funding for global expansion and Series A preparation. 🇫🇷🏃🏿♀️➡️ Sportiw connects athletes, clubs, and recruiters via AI, simplifying global sports recruitment. Strategic partnerships aim to expand features and reach. 🇬🇧👨🏼💻 The Hub uses AI to connect job seekers with employers, optimizing CVs and matching. Rapid growth drives its push for product and market expansion. 🇷🇴📱 #VCash is a decentralized video-sharing app combining content and blockchain rewards. It aims for rapid growth and adoption through new features and marketing. 🇺🇸🍝 yhangry connects private chefs with customers for home dining and short-term rentals. It seeks to expand partnerships and enhance product offerings. Don’t miss the updates in our weekly newsletter! 💡 Subscribe for more: https://lnkd.in/ddgya_WH Follow for more: https://lnkd.in/d6SNFWnq Also featured: Cookaway, EnviraBoard, GoodBrew, Kaldi Financial Technology, Lemonade Dolls, MetalloBio, #PÄRLA , Sixty Kitchen, The Padel Hub, TWOTHIRDS SLU, AYAQ, Inyanga Marine Energy Group, Kipster, Levistor, Odaje - Ex M. Moustache, OurPetsLife, PALLITE® Group, TIPA Solar, WiseAlpha #TheStartupAnalyst #WeeklyShop #StartupTrends #EquityCrowdfunding #Innovation

Interesting list by Sifted and further breakdown by Jenifer Swallow 👇 ➡️ 30% of all start ups are fintech companies and legaltech companies ➡️ 22% of all start ups are London based

📈 Some impressive and interesting statistics on the growth of the UK legal services market just published by the Law Society Gazette: ➡️ the value of legal services in the UK has increased by 50% in the last decade ➡️ nearly half (47%) of UK turnover is derived from London and the majority (53%) coming from outside of London Source: https://lnkd.in/dWs9-X5K

Buy Now Pay Later (BNPL) is commonly associated with retail lifestyle purchases such as clothes, furniture and electrical appliances. 🧥 🛋️ 🖥️ But what about BNPL for essential high-cost services where the availability of a manageable payment option is perhaps even more critical for many? Well, obviously - yes and here is a selection of some high-cost services industries where it is already being used successfully: 🔨 Home repairs 🦷 Dental 📚 Education 🦮 Pet care 🔧 Car repairs ✈️ Travel And, of course, with Feesier now also legal fees! 🧾

ℹ️ Infographics 📊 A few of the statistics-backed CHALLENGES that Feesier is solving for legal practices and for their clients. 👇

The PwC Annual Law Firm survey 2024 results were published earlier this week. Much has already been written on the back of the FT article that the Top 10 law firms have raised their hourly rates by 40% in 5 years. However, the Top 10 law firms are in a world of their own and can be considered somewhat of an outlier when it comes to the trends and realities of the UK legal services market. There were actually quite a few very interesting findings that probably better reflect the reality of many other UK law firms and legal services providers, especially in relation to the “mid-tier" firms (i.e. PwC's Top 51-100 firms): 📈 hourly rates keep increasing across the board, keeping legal services expensive to access - 24% increase over 5 years and 7% increase from 2023 in hourly fees by Top 51-100 firms ⌛️ earned fees still don’t hit the firm's bank account for way too long - average lock up days for Top 51-100 have gone up by 3.6% to 145 (nearly 5 months!) since last year 🔻 sizeable write offs are increasing - the number of Top 51-100 firms posting write-offs of greater than 20% has nearly doubled from 6% in 2023 to 11% in 2024 🚫 AI tools are not reducing costs for most - no firms outside the Top 10 have implemented AI tools and are seeing monetised productivity gains (e.g. through reduced costs) 🫣 Increasing concerns about negative impact of GenAI - 60% of Top 51-100 firms now believe GenAI will have a negative impact on their business, while only 34% expect a positive impact (almost the reverse of the 31% negative to 69% positive expectations ratio just a year ago) 💰‘Improving working capital performance’ remains the number one priority for business support for the second year running for all Top 100 firms So the key challenges for many legal practices are still: 🎯 making their services more attainable 🎯 improving cashflow and reducing the unrealistically long lock up periods 🎯 increasing the volume of new business and client loyalty This is where Feesier Ltd can help 👌 PwC survey: https://lnkd.in/dsHKNK48 

📣 The LegalGeek Conference 2024 took place in the end of last week covering all things legal, including legal innovation, law/legaltech and much more.  🚧 Inevitably, the issue of access to justice featured prominently, including a presentation on the subject by Christina Blacklaws, chair of LawtechUK and former president of the The Law Society. 💷 As interestingly highlighted in this reader’s comment in the Law Society Gazette coverage of Christina’s presentation (link below), in many cases the issue of access to justice (or to legal services more generally) is actually one of affordability. There is certainly no shortage of qualified legal services providers, including alternative and innovative models of delivery of legal services. But legal services (and justice) are inherently expensive and many struggle to access them due to cost. 🤝 Whilst Feesier can’t single-handedly fix the issue of affordability (or even cost) of the legal services, we striving to do the next best thing - making legal services more attainable with manageable gradual cost-free payment options while also commercially benefiting legal practices. A win-win. Find out more on www.feesier.com or get in touch. Law Society Gazette article: https://lnkd.in/gGdBkDh9