What Happened to Legal Grind after the Shark Tank Pitch?
What is Legal Grind?
Legal Grind is a business that offers low-cost legal counsel for uncontested legal matters such as spousal and child support, divorce, and will preparation.
Legal Grind’s legal consultants assist consumers in compiling the documents needed to represent themselves in court.
Customers are met by Legal Grind specialists at coffee shops, offices, over the phone, or remotely.
Who is the Inventor of Legal Grind?
Legal Grind was founded in 1996 by Jeff Hughes. Jeff had recently graduated from law school in Los Angeles and had passed the Bar Exam; the only problem was that the economy was in a downturn, and there were few job options for him.
Jeff is a licensed attorney whose purpose is to find a way to deliver high-quality legal services to as many people as possible. Despite the fact that the real factory is closed, Jeff is still the CEO of Legal Grind.
Jeff Hughes founded Legal Grind on the premise of “coffee and counsel,” offering low- to middle-income employees with low-cost access to an attorney or paralegal from a Santa Monica coffee shop.
Jeff’s first plan received a lot of media attention, allowing thousands of Americans who couldn’t otherwise afford an attorney to get the legal aid they needed.
Despite the fact that Jeff’s organization has evolved and expanded its services over time, his fundamental concept of ensuring that the safeguards and rights offered by the US legal system are available to everybody remains intact.
What Happened to Legal Grind on Shark Tank?
Jeff and Annie appeared on Shark Tank season 1 episode 13 looking for a $200,000 investment in exchange for a 15% stake in their company. This works out to a $1.3 million valuation.
Jeff tells his side of the company’s story.
Legal Grind, according to Jeff Hughes, makes roughly $200,000 each year, with a profit of $20,000 to $30,000.
Daymond John says he doesn’t think Legal Grind is a bad idea, but he’s afraid of establishing a business with a bunch of lawyers, so he’s out.
Barbara Corcoran thinks Legal Grind is a brilliant marketing ploy, but she questions Jeff and Annie Hughes’ ability to replicate it through a franchise network. In addition, Barbara Corcoran has said that she would not be investing in Legal Grind.
A franchise, according to Kevin Harrington, is built on success, which implies that any “bugs” must be cleaned out and handled.
When they have a well-oiled machine, they may desire to reproduce it a hundred times. Kevin Harrington has remarked that he does not feel Legal Grind is a well-oiled machine at the moment, which is why he is also out.
Legal Grind, according to Robert Herjavec, is a terrible concept since Jeff and Annie Hughes had been doing it for years and one day they awakened with the idea of franchising it out of nowhere. Robert Herjavec states that he will leave the firm since he does not want to invest.
Kevin O’Leary argues that the only thing of value he saw today was some bad theatre, and that he does not consider Legal Grind to be a corporation. Kevin O’Leary has also departed from the show.
What Happened to Legal Grind Following the Shark Tank Pitch?
Following their appearance on Shark Tank, Jeff and Annie Hughes appear to have decided to continue working at their own Legal Grind location rather than franchise it.
Jeff, on the other hand, is active in the community and continues to blog about legal topics on a regular basis – in addition to making a mean cup of coffee.
The actual location will be demolished in June 2021. Legal services are still available through the website, and Jeff blogs on legal subjects on a regular basis.
What is Legal Grind’s Net Worth?
Jeff and Annie went on Shark Tank in quest of a $200,000 investment in exchange for a 15% stake in their company. This works out to a $1.3 million valuation. The current net worth is unknown.
Who are Legal Grind’s Competitors?
Legal Grind competes in its market sector with companies such as Calegal1, the Bruce Verhoeven Foundation, and Petersen Law.
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Legal Grind FAQS
1. What is Legal Grind’s website?
Legal Grind’s website is www.legalgrind.com
2. What is the street address for Legal Grind?
The physical location is located at Santa Monica, California.
3. Who is the CEO of Legal Grind?
Jeff Hughes is the Chief Executive Officer of this organization.
4. How much was Jeff Hughes looking in the Tank?
He was looking for $200,000 for in exchange for a 15% stake in their company. This works out to a $1.3 million valuation.
5. Did Jeff Hughes secure a deal from the Sharks?
No, Jeff Hughes left the Tank without a deal.
6. Is Legal Grind still in business?
Yes, Legal Grind is still in business, the physical site was closed in June 2021. Legal services are still offered through the website, and Jeff maintains a frequent blog regarding legal topics.
7. How can they contact Legal Grind?
The email address is listed on the official website. The Social media information can be found on the business’s social profile pages.
8. When was Legal Grind aired on Shark Tank?
Legal Grind was aired on Shark Tank Season 1 Episode 13 on January 29th, 2010.
9. What happened to Legal Grind after the Shark Tank?
Following their appearance on Shark Tank, Jeff and Annie Hughes appear to have decided to continue working at their own Legal Grind location rather than franchise it.
Jeff, on the other hand, is active in the community and continues to blog about legal topics on a regular basis – in addition to making a mean cup of coffee.
10. What is Legal Grind’s net worth?
Jeff and Annie went on Shark Tank in quest of a $200,000 investment in exchange for a 15% stake in their company. This works out to a $1.3 million valuation. The current net worth is unknown.
11. Who are Legal Grind’s Competitors?
Legal Grind competes in its market sector with companies such as Calegal1, the Bruce Verhoeven Foundation, and Petersen Law.