We're Solving Law

Business Roadmap (BETA)

This timeline shows schematically how we will grow and increase our revenue over the next 12 months. It's a sneak-peek of the official roadmap and business plan we will release leading up to the ICO.

Q4 2017

Products


In the fourth quarter of 2017, all three products will be fully developed and launched on the market. The three products are the lead generation tool for law firms, the corporate analytics products, and the bespoke consumer analytics.

Clients


In the fourth quarter of 2017, we will have clients for all of our products. We currently have clients for the lead generation tool and for the corporate analytics product. We are considering different strategic partners for the bespoke consumer analytics product.

Financials


We will spend 12.5% of our available capital on fixed costs and marketing in Q4 2017. Our expected EBIT for this quarter are 50% of our available capital. Our profit margin on our revenue in this quarter is 50%. Our available capital will increase by 12.5%.

Operations


There are 4 permanent employees and 7 interns employed for specific projects in Q4 2018.

Elexirr Lawyer Challenge


We will host the Elexirr Lawyer Challenge in the middle of October. All details about the challenge will be published around that time. We will publish a number of reasearch papers alongside the challenge.

Initial Coin Offering


In early December, we will run our ICO. Our goal is to raise £5,000,000 GBP. Our minimum threshold is £1,000,000 GBP. You can purchase our tokens with Bitcoin and Ether. No additional tokens will be issued to prevent inflation. You can trade our tokens openly on the market and use them to purchase services from us.

Q1 2018

Products


Independently of the success of the ICO, one new product will be released in Q1 2018. This product will be called "Insurance Analytics" and is designed to automate the assessment of consumer and corporate insurance claims. All other products will be maintained and improved, based on client feedback.

Clients


If the ICO is successful, we will add up to 10 new clients to our existing products and one strategic partner for our new "Inusrance Analytics" product. We will draw these clients from our existing pool of interested law firms, consultancies, banks, and corporations. There are around 150 interested parties in our current pool.

If the ICO is unsuccessful, we will add up to 3 new clients to our existing products and one strategic partner for our InsuranceTech product.

Financials


If the ICO is successful, we will have available capital of at least £ 1.000.000,- GBP. Our expected EBIT in this quarter is £ 125.000,- GBP. We expect to spend £ 100.000,- GBP on fixed costs and marketing in this quarter.

If the ICO is unsuccessful, we will continue to spend 12.5 % of our available capital on fixed costs and marketing. Our revenue in this quarter will grow by 75 % as we increase our client base. Our profit margin will remain at 50% and our available capital will increase by 38%.

Operations


If the ICO is successful, we will hire three new permanent employees, leading to a total of 7 permanent employees. We will continue to employ two interns for specific projects.

If the ICO is unsuccessful, we will hire one new permanent employee, leading to a total of 5 permanent employees. We will continue to employ two interns for specific projects.

Q2 2018

Products


We will not release any new products in the second quarter of 2018. We will update our existing products based on our clients' feedback.

If the ICO is successful, we will launch all of our existing products on the US market in this quarter. If the ICO is unsuccessful, we will continue to focus on the UK market.

Clients


If the ICO is successful, we will add up to 10 UK clients and up to 5 US clients in this quarter. We will draw these clients from our pool of interested parties. We will focus on the Corporate Analytics and Insurance Analytics products in the US.

If the ICO is unsuccessful, we will add two US-based strategic partners to our clients. One partnership will concern the Corporate Analytics product, the other will concern the insurance analytics product.

Financials


If the ICO is successful, we will have £ 975.000,- GBP in available capital. Our EBIT will double to £ 250.000,- GBP as we double our client base. Our profit margin will remain at around 50%. We will spend £ 150.000,- on fixed costs and marketing during this quarter. Our available capital will thus decrease by £ 25.000,- GBP.

If the ICO is unsuccessful, we will spend 12.5% of our available capital on fixed costs and marketing. Our revenue will grow by 25%, as we add more clients. With a profit margin of 50%, our available capital will increase by 22.5% during this time.

Operations


If the ICO is successful, we will hire one additional permanent employee and will continue to employ all current employees. This puts the total team size at 8 permanent employees and two interns.

If the ICO is unsuccessful, we will not add any new employees during this quarter. The total team size will remain at 5 permanent employees and two interns.

Q3 2018

Products


Independently from the success of the ICO, we will launch one new product in the third quarter of 2018. It will be called "Judicial Intelligence Product". This product is a predictive analytics tool embedded in a case management system and is tailored for the screening of applicants to courts. It will allow the judiciary to streamline and automate the management of its docket.

Clients


If the ICO is successful, we will add up to 5 new clients in the UK and up to 10 new clients in the US for our existing products. We will also add two strategic partners for our new "Judicial Intelligence Product". We will draw the new clients from our existing pool of interested parties and we will draw the government partners from our current pool of interested governments. We currently have three interested judiciaries in the second pool.

If the ICO is unsuccessful, we will add up to three new clients in the US and up to two new clients in the UK. We will also start a pilot project with one interested government for our new product.

Financials


If the ICO is successful, we will have £ 950.000,- GBP available capital in this quarter. Our EBIT will increase by 50% as we add 15 new clients. We will spend £ 200.000,- GBP in fixed costs and marketing during this quarter. This means that our available capital will decrease by £ 12.500,- GBP at a constant profit rate of 50% during this period.

If the ICO is unsuccessful, we will continue to spend 12.5% of our available capital on fixed costs and marketing. Our revenue will increase by around 50% as we add new clients. This means that at a constant profit margin of 50%, our available capital will increase by 30.3% during this period.

Operations


If the ICO is successful, we will add two new permanent employees during this period - putting the total to 10 permanent employees and two interns.

If the ICO is unsuccessful, we will add one new permanent employee during this time, putting the total figure to 6 permanent employees and two interns.

Q4 2018

Products


We will not release any new products during this period. We will update and maintain our existing offering based on our clients' feedback.

If the ICO is successful, we will launch all of our products in France and Germany during this period. If the ICO is unsuccessful, we will continue to focus on the UK and US markets.

Clients


If the ICO is successful, we will add up to 10 new clients in the UK and up to 10 new clients in the US from our existing pool of interested parties. We will also add 5 new clients from the European Union. We will not add any new clients to our "Judiciary Intelligence Product".

If the ICO is unsuccessful, we will add up to 2 new clients in the UK and up to 2 new clients in the US. We will not add any new clients to our "Judiciary Intelligence Product".

Financials


If the ICO is successful, we will have £ 937.500,- GBP available capital for this period. Our EBIT will increase to £ 562.000,- GBP as we increase our client base. Given a constant profit margin of 50%, we will increase our available capital by £ 31.250,- GBP in Q4 2018. The company will become profitable during this quarter.

If the ICO is unsuccessful, we will spend 15% of our available capital on fixed costs and marketing during this time. Our EBIT will increase by 33% as we add new clients. Given a constant profit margin of 50%, our available capital will increase by 25% during this quarter.

Operations


We will not add any new employees or interns during this period.

If the ICO is successful, the total will be at 10 permanent employees and two interns. If the ICO is unsuccessful, the total will be at 6 permanent employees and two interns.