Law Practice Pros - Pitch DeckLaw Practice Pros, Inc a Deleware Corporation
Jarred Starman-Founder, Owner, CFO and CEO
Saajan Patel-CMO
Richard Pacheco-CTO
Board Members:
Dino Petrakis -Criminal Attorney
James Cannon Huber, Esq. ( General Councel & SaaS contract specialist)
Jarred Starman
Saajan Patel
Our Vision
We aim for Law Practice Pros (LPP) to become the premium SaaS product that Law Firms use for firm management, time-saving productivity, and most importantly revenue generation.
Revenue generation, easy to use UI, many ‘Industry-First’ convenience features, and First-Class customer service and support are the main highlights to help LPP to pierce through the market.
The Opportunities
Blue Ocean Market Landscape
The competition (PracticePanther and Legal CRMs) have generic and lawyers/firms are frustrated with the lack of industry specific features.
LPP has many Competitive & ‘Industry-First’ Features not available in any Legal SaaS product currently.
The Legal Industry is Structured & Non-Volatile so long-term opportunity
Target Customers have a Static Purchasing Nature (if it isn’t broken, don’t fix it). This means compared to other industries, the long-term churn rate will be much less, and Customer LTV much higher.
Systematic Approach
We have an Ideal Prospect (Senior Criminal Defense Lawyer) working side-by-side with our dev team to create our SaaS platform (it is 80% finished)
We have young social-media savvy Lawyers ready to beta-test with their law firms and help promote our platform with testimonials.
We using a Proven Systemic Marketing Campaign Rollout and Testing Approach
Saajan, our CMO, with young lawyers who are ready to Beta Test & promote
LPP >>>>
Our CEO, Ari, with Big Law Firm Clients who are ready to test & promote our product
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Revenue Model
Initial Subscription Packages
Standard $500+/month + cost per user at law firm
Upsells for Leads
Upsells for Payroll and Legal Firm Management Tools
Target of 500+ Subscribers (law firms) by End of 2022 - a conservative goal
6% of Credit Card Processing Fees
This not just a CRM Solution, but Revenue Generation Tool for Law Firms with APIs & plugins to integrate into existing CRMs as well.
What expenses are remaining…
Remaining development expenses
Initial Marketing & Advertising Expenses
Support & On-Boarding Staff
Software is 80% finished… only 30-60 days needed to launch after needed investment is received.
Breakdown Below
Required Expenses and Budget to meet 18-month Burn Rate,
Business will be cash flow positive within 8-12 months,
Remaining Budget is for Accelerated Growth
Software 20%
$300,000
Marketing 20%
$300,000
Sales 33%
$500,000
Team 17%
$250,000
Customer Support 10%
$150,000
Business Growth Drivers 2021-2026
Law Practice Pros
Conversative Performance Projections
Law Practice Pros Churn Rate
50% vs 10%
With the nature of the legal space, our ‘Industry-First’ features, and focus on customer happiness, we expect a much lower churn rate (customers who don’t renew subscriptions) which increases the company’s valuation by over 50% even with the same investment, resources, and growth rate.
Law Practice Pros - Once we’re cash flow positive, the
product can keep growing with only it’s own cash flow
Law Practice Pros - Hockey Stick (i.e. high profit %)
Law Practice Pros - Executive Team
Jarred Starman | Founder
20+ years in Sales & CEO of Companies
Richard Pacheco | CTO
10+ years in CRM and Lead-Gen Development Software
Saajan Patel | CMO
10+ years in tech, Silicon Valley VC world,
and performance marketing for SaaS companies
KiwiTech | Our Outsource & Growth Partner
500+ startup launches and $100M+ raised - more details on next slide
Law Practice Pros - Partner KiwiTech
Law Practice Pros - Partner KiwiTech
KiwiTech is very interested in LPP and have eagerly sent detailed contracts to confirm our partnership by offering us a $250K credit line for development work.
We are finalizing details to have KiwiTech be the tech and outsourcing arm to help accelerate LPP’s growth. This relationship allows us to hire the right dev staff as needed and very quickly.
Saajan & Jarred with KiwiTech Founders at office in NYC.
Law Practice Pros - Our Investor Criteria
We have an experienced team who are ready to take Law Practice Pro to market within a short time frame (60-90 days).
We are looking for a long-term growth partner for this seed round of investment who can also support our team in future rounds.
We are asking for $1.5M to exponentially accelerate LPP (shown in previous sales performance).
Once we reach that milestone, the cash flow by itself will keep the company growing, however we plan to keep accelerating LPP with more investment (Series A, B, C, etc.). KiwiTech has many years of experience supporting SaaS companies throughout these stages and will be our tech partner for this.
We desire our next investor to not only represent us on this journey to positive cash flow and high investor returns but also future rounds for bigger growth potential.