Q1

Dear Lawtrades Investors,

The past quarter has been exciting.  We broke over $400k in revenue in March, paid out nearly $8M to lawyers since 2017, and are leading the way for a new category of flexible work within the legal industry.

We are here for the long haul.

Lawtrades is doing better than we've ever done before.

It's growing faster than we've ever grown.

We've onboarded more lawyers than we've ever onboarded.

We're sending more money to lawyers than we've ever sent before—in the history of the company.

As we kick off 2021, I am happy to report that I am as enthusiastic as ever about this business.  There is more innovation ahead of us than behind us, we're close to demonstrating the operating leverage of our business model, and we continue to create differentiation that customers care about. Here's how we did last quarter:

• Sales grew to $1.19M in Q1 2021, from $605k in Q1 2020, up 97%.
• Revenue is up to $956k last quarter, from $460k in Q1 2020, up 107%.
• Gross profit grew to $282k last quarter, from $179k in Q1 2020, up 58%.
• Lawtrades lawyers logged in 8,437 work hours on the platform, up 112% compared to Q1 2020.
• Finally, we put $661k directly in the pockets of independent lawyers choosing the entrepreneurial route.