With just two days until the closing of its equity crowdfunding listing on Crowdcube, UK-based online barrister service myBarrister surpassed its £150,000 goal standing at £164,320 having captured 73 investors. The service is targeting the UK legal sector by enabling businesses and individuals to find and appoint an attorney to swiftly revolve their legal issues.
According to its campaign website, myBarrister believes its business model is simple yet innovative: to provide people and businesses in need of legal advice a superlative, cost effective service. What makes the myBarrister stand out is that there’s no fee to those seeking advice from the company. The company stated,
“Potential clients can search for and contact a number of suitable barrister in a matter of minutes and we feel conventional methods cannot compete with this technology.”
Sharing his thoughts about the success of the campaign, CEO and founder of the website Ronald DeKoven noted,
“The support provide by the investors on Crowdcube has been overwhelming. To reach our target of 150,000 in just two months is fantastic news and shows that investors believe in the myBarrister business model as much as we do.”
“We were confident we could raise the funds because we believe in the myBarrister proposition. With these additional funds we will be able to accelerate our progress, starting without new and improved website, due to launch this summer. We have ambitions to be the preferred route to market for barristers globally. This vital investment through Crowdcube will allow us to drive the business forward and achieve that goal.”
All funds from this campaign will be used to expand myBarrister’s business by adding more registers barristers. The company also plans to expand to other parts of the Commonwealth. With the thousands of barristers working outside of England and Wales, myBarrister foresees a benefit of providing their service in additional markets. The company states they have received requests from Australian and Irish individuals interested in the service.
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