Franchise Spotlight: Legal
The rising demand for legal advice means this is an industry offering many diverse franchise opportunities.
Legal businesses provide support with law-related matters to both companies and individuals. In Canada there are two roles that come under the umbrella of ‘lawyer’ - solicitors who provide legal advice, prepare cases and appear in lower court and barristers who specialize in higher court appearances.
Law is an expensive and complicated area to navigate. Many people look to outsource this section of their business and in some cases it will be a necessity to do so, to ensure compliance with regulations.
The legal sector includes solicitors and paralegals as well as people who manage estates, patents and dispute resolution. There is a wide range of specialized legal firms and franchisees have many options when entering this market.
With a market size of over CA$17billion and figures predicted to continue rising (Ibis World), the legal sector is a lucrative one to invest in. Whether you are interested in criminal, property, tax or commercial law there will be a franchise option available.
Legal Industry Analysis
The legal sector is a highly competitive and fast-changing market. Consumers expect excellence and are willing to pay for expertise and quality service when they invest in a law firm. The legal sector can be highly demanding and franchisees will benefit from the ongoing support, as well as a reliable brand name, of an established company.
Most franchisees will be required to have experience and qualifications in law-related roles. This is a high-paced industry where communication, organisation and the ability to work well under pressure will be invaluable skills. For franchisees looking to run their own business in an area they are qualified in and passionate about, the legal franchise sector is an exciting and lucrative one in which to invest.