Legal Grind Shark Tank Net Worth 2023

Legal Grind, a company that appeared on the television show Shark Tank, was evaluated to be worth $1.3 million.

As of June 2022, the company’s net worth was estimated to be $1.5 million. However, it is currently uncertain what the company’s net worth will be in the year 2023.

What is Legal Grind? Who is the Founder of Legal Grind?

Legal Grind is a firm that offers affordable legal representation for uncontested legal situations, including spousal and child maintenance, divorce, and will drafting.

The legal specialists at Legal Grind assist clients in preparing the necessary documents to represent themselves in court. These professionals can meet with clients at coffee shops, workplaces, or over the phone or remotely.

Legal Grind was founded in 1996 by Jeff Hughes, a certified attorney who graduated from law school in Los Angeles and passed the Bar Exam.

However, due to a sluggish economy, job opportunities were scarce for Jeff.

As a result, Jeff’s mission was to discover a way to provide high-quality legal assistance to as many people as possible. Even though the physical facility has closed, Jeff remains the CEO of Legal Grind.

Jeff introduced the “coffee and counsel” concept when he launched Legal Grind, which aimed to provide low- to middle-income workers with affordable access to an attorney or paralegal from a Santa Monica coffee shop.

This original idea attracted a lot of media attention, enabling thousands of Americans who couldn’t afford an attorney to obtain the legal assistance they needed.

Although Legal Grind has expanded and diversified its services over time, Jeff’s core belief that everyone should have access to the legal protections and rights offered by the US legal system remains the same.

Legal Grind Shark Tank Pitch

Jeff and Annie were contestants on season 1 episode 13 of Shark Tank, seeking a $200,000 investment for a 15% stake in their company, which would value it at $1.3 million.

During their pitch, Jeff explained that their company, Legal Grind, earns around $200,000 annually with a profit of $20,000 to $30,000. However, the Sharks had mixed opinions about investing.

Daymond John was hesitant to invest in a business that involved working with lawyers, while Barbara Corcoran was skeptical of the company’s potential to replicate its success through franchising.

Kevin Harrington emphasized the importance of addressing any issues before expanding through a franchise model and didn’t think Legal Grind was currently a well-oiled machine.

Robert Herjavec disliked the concept of Legal Grind and believed that Jeff and Annie had no intention of franchising until recently.

Kevin O’Leary found no value in the company and dismissed it as “terrible theatre.”

Ultimately, Jeff and Annie chose not to franchise and instead continued to operate their original Legal Grind store. Jeff also maintains a legal blog and serves coffee at the store, although the physical location closed in June 2021. Legal services are still available through their website.

What is the Net Worth of Legal Grind?

Jeff and Annie appeared on Shark Tank in search of a $200,000 investment in exchange for a 15% ownership in their firm. This translates to a $1.3 million valuation. Current net worth is unavailable.

Who are Competitors of Legal Grind?

Legal Grind faces competition in its market space from the firms such as; Calegal1, Bruce Verhoeven Foundation and Petersen Law.

Legal Grind Shark Tank Episode Summary

Company/Product	Legal GrinD
Shark Tank Episode	Shark Tank Season 1 Episode 13
Founder & Entrepreneur	Jeff Hughes
Amount Asked For	$200,000 for a 15% stake in the business
Deal: Accepted Offer	No deaL
The Shark Investor	nON
Business Net Worth	$1.33 million  valuation
Business Status	The business is no longer operations

Legal Grind Shark Tank Updates

Legal Grind is a coffee shop that offers legal advice. The founders, Jeff and Annie Hughes, appeared on Shark Tank in season 1, episode 14, asking for $200,000 for 15% equity, but they did not receive a deal.

Legal Grind was able to stay in business for a few years after Shark Tank, but the physical location in Santa Monica, California, was reported closed by Yelp in 2021. However, legal services are still offered through the website.

As of June 2022, Legal Grind’s net worth was estimated to be $1.5 million. Legal Grind offers affordable legal representation for uncontested legal situations, including spousal and child maintenance.

Legal Grind FAQS

What Is Legal Grind And How Does It Work?

Legal Grind is a coffee-house that offers low-priced legal advice in a relaxed café setting1. The café was founded by Jeff and Annie Hughes, who are both lawyers.

Customers can pay for legal advice, and if a lawyer is retained, the café earns a percentage of the fee. Legal Grind’s website offers legal services, including document preparation, legal research, and attorney consultations.

The website also provides a list of legal topics that the café can assist with, such as small claims court, landlord-tenant disputes, and wills. Legal Grind’s unique concept of combining coffee and legal advice has garnered media attention.

Who is the founder of Legal Grind?

The founder of Legal Grind is Jeff Hughes.

What Was The Outcome Of The Legal Grind Shark Tank Pitch?

Legal Grind appeared on Shark Tank in season 1, where the founders, Jeff and Annie Hughes, asked for $200,000 for 15% equity in their coffee-house that offers legal advice.

However, none of the Sharks made a deal with them. Despite this, the company was able to stay in business for a few years after the show. It is unclear if the franchising deal mentioned in one update was successful.

As of June 2021, the physical location in Santa Monica, California, was reported closed by Yelp. However, legal services are still offered through their website. The net worth of Legal Grind was estimated to be $1.5 million as of June 2022.

Did Legal Grind Receive Any Investment From The Sharks?

Legal Grind did not receive any investment from the Sharks during their appearance on Shark Tank. They asked for $200,000 for 15% equity in their coffee-house that offers legal advice, but none of the Sharks made a deal with them.

What Happened To Legal Grind After Its Appearance At The Shark Tank?

Legal Grind was able to stay in business for a few years after their appearance on Shark Tank. However, as of June 2021, the physical location in Santa Monica, California, was reported closed by Yelp.

Despite the closure of the physical location, legal services are still offered through their website. Legal Grind offers low-cost legal representation for uncontested legal situations, such as spousal maintenance and child support, divorce, and will draft.

The attorneys at Legal Grind can help clients put together the documents they need to represent themselves in court. Legal Grind was founded by attorney Jeff Hughes in 1996, and the “Coffee and Counsel” model was established.

The valuation of Legal Grind was pitched at $1.3 million during the Shark Tank pitch, and as of June 2022, the company’s net worth was estimated to be $1.5 million.

How much were they seeking in the Shark Tank?

The Sharks wanted a $200,000 investment in exchange for 15% of their company.

Is Legal Grind still in business?

The physical location is no longer open as of June 20, 2021. Legal services are still offered through the website, and Jeff maintains a frequent blog regarding legal topics.

Where is Legal Grind located?

The physical location is located at Santa Monica, California.

When was Legal Grind established?

Legal Grind was established in 1996.

What services does Legal Grind provide?

Legal grind provides legal representation for uncontested family court matters such as spousal and child maintenance, divorce, will drafting and bankruptcy filing.

How much does it cost to represent themselves?

The cost of legal representation depends on the type of case they are involved with.

What is the business model for Legal Grind?

Attorney Jeff Hughes started Legal Grind in 1996 employing a “Coffee and Counsel” model — combining a coffee shop on Lincoln Boulevard in Santa Monica with access to attorneys delivering casual, face-to-face legal counsel available at the tables for a small fees.

When was Legal Grind aired on Shark Tank?

Legal Grind was aired on Shark Tank Season 1 Episode 13 on January 29th, 2010.

Does Legal Grind have a physical location?

No, the physical location was shut down in June 2021.

What is net worth of Jeff Hughes?

Jeff Hughes’s net worth is unavailable.

What is the target market for Legal Grind?

The target market for legal services is low-income individuals and families, who are otherwise unable to afford a lawyer.

What is Legal Grind mission?

Legal Grind’s mission is to provide middle-income Americans and small companies with inexpensive, skilled legal services in novel ways.