Franchise Spotlight: Legal
Franchising offers a robust business model in the ever-important legal sector.
The legal industry is a diverse one and with that comes a host of franchise brands - from companies who support with tax, real-estate, finances, wills, power of attorney and more.
Legal franchises are varied so research will be important when working out which section of the market you would like to specialize in. Franchises such as Liberty Tax Services offer low-start up costs and an easy-to-follow business model where you will learn how to support consumers with completing tax returns and managing tax refunds.
X-Press Legal work to provide regulated property searches as well as reporting to conveyancing professionals and solicitors. Franchisees can expect comprehensive training in HR and Law, marketing, business planning and more.
For franchisees who can stay calm under pressure and have excellent people skills, a business such as Pacific Divorce Management, which offers divorcing couples financial advice, can offer an interesting challenge.
Legal Industry Analysis
Strong managerial skills, business acumen as well as sound interpersonal and communication skills will all be important if you’re interested in franchising in the legal sector. A background and experience in this industry is certainly an advantage, but depending on which area you specialize, many franchises will offer comprehensive and on-going training.
This is a sector which can offer low-start up costs and a favorable option for those interested in working from home and keen to manage their work-life balance. The legal sector recovered quickly from the 2020 global health pandemic and need for these services is predicted to continue to rise, making franchising in this industry an exciting option for those who are interested in the legal sector.