Competition And Investment ChallengesHeavy competition in the space requires hefty sales and marketing and research and development investments to sustain market share, limiting pricing power across LegalZoom’s product suite.
Market Share DeclineLegalZoom's business formations are projected to decline, with a decrease in market share expected in upcoming quarters.
Online Traffic And VisibilityOctober saw a 7% year-over-year decline in LegalZoom’s website visits, reflecting a downward trend in online traffic.