Kyle
Law firms spend millions of dollars a year contracting legal work out to third parties. Whether it be research, document reviews, investigative work or any of the hundreds of tasks that can be handled by third parties, there is an entire industry of service providers for law firms.
Typically law firms contract with one or two service providers for each type of outsourced work. Sometimes they spend more than they could on this legal work whether it be out of the convenience of using the same provider over and over again or there just aren’t enough service providers in their immediate local area to offer competitive pricing.
Also, as busy as legal firms are these days it’s hard to find the time to evaluate and outsource other service providers.
Now, a new Chicago startup called Justice Bid allows law firms to anonymously bid out projects to service providers and get the best quotes. Everyone knows that legal fees aren’t cheap but hopefully if law firms turn to this new service, and new way to bid out jobs, they could save their clients some money as well.
When the law firm is just billing the client back for this third party work anyway, as a client you would be happy to know they are looking to save you some money.
Justice Bid was founded by Omar Sweiss. Omar is an attorney himself and he founded Justice Bid by solving a problem that even his firm was experiencing.
We got the opportunity to talk with Justice Bid’s Chief Operating Officer Justin Strane about this new startup, in virtually its own space.
Check out the interview, after the break
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