Dear LT investors,
I am pleased to share with you our first update of 2024, marking significant milestones in our journey as we report our first profitable quarter and expansion into a new vertical.
Please like/share the news on X and Linkedin.
Here’s how we performed in Q1 2024:
https://getcabal.com/api/uploads/e33dad26-bdc2-4e77-8b69-712018369aae?cached=1
Work 2.0
In the last few years, we've seen a significant shift in how companies operate, with startups becoming increasingly efficient—capable of generating substantial revenue with minimal staff.
Lawtrades became a testament to this trend by locking in it’s fourth straight month of profitability, and we've used this momentum to expand our scope into finance with our new product called LeanFi.
Much like Lawtrades' disruption of the BigLaw model in the legal sector, technology continues to reshape supply and demand in the finance industry. Big traditional firms like MBB, the Big Four, and hybrids like Accenture – cater mainly to the C-suite for major projects. Now, due to external pressures and talent shortages, demand is expanding throughout organizations, necessitating a shift from the traditional model.
As the industry evolves, there's higher demand for specific expertise, tighter budgets, and shorter engagements. Labor marketplaces like LeanFi modernize engagements with financial services by providing global access to top talent, improving efficiency. Agile, expert teams are created on these platforms to work remotely, cutting costs and multiplying productivity.
Companies were burned by over-hiring in 2021, with the wrong organizational structure for their future needs. Work 2.0 is emerging as the response to a perfect storm of increasing market demand, significant AI advances that enable 10x talent, and a new generation of independent freelancers who want the flexibility and opportunity that a community of experts like LeanFi provides.
Network effects
Lawtrades can effectively launch its new finance vertical, LeanFi, by leveraging it's existing client network. This encourages users to adopt additional services, promoting cost-effective expansion and organic growth. It also enriches collected data, aiding precise AI algorithms and user matching to enhance platform efficiency and user experience.
As our platform expands into various verticals, multi-sided network effects and economies of scope will increase value and decrease costs. This will allow our platform to dominate the corporate services market, attracting top talent, negotiating favorable terms, and offering premium services.
The future