With the legal tech market now valued at $27.6 billion, it was only a matter of time before a company serving lawyers would succumb to the siren’s song of deregulation and launch a DIY service to compete with its own customers directly.
That time has arrived. Back in April 2022, Findlaw debuted a DIY
How Much Do Solos Earn? An Excerpt from Solo by Choice:
Among its expansive topics, Solo by Choice briefly covers what solos earn – a topic I’ve also addressed at MyShingle here and here. Accurate information on solo salaries are hard to come by given the variation in practices, the fact that many solos
Though it seems counter-intuitive, these days, top client service depends more on digital engagement and self-service options than personal human interaction.
At least that’s one of the findings of the 2022 State of Service Report sponsored by Salesforce, reports ZDNet. The report found that not only are companies increasingly engaging customers through digital
In the past, when I embarked on a new venture or needed to find work or referrals quickly, I’d typically make both warm calls (to colleagues I know) as well as cold calls to prospects who I might find in a specialty bar directory or on a law firm website. But as I ramp up
Flat fees make life easy for clients. No lengthy bills to review, no sticker shock about the ultimate cost. Just one price for getting the job done.
But if flat fees are so easy, why aren’t the ethics rules that govern them? In Part I of this post I tried to simplify the principles governing
Some lawyers refuse to experiment with flat fee billing – not because of confusion over how to set prices or concerns over under-charging — but because they believe that flat fees raise ethical red flags. Truth is, the vast majority of jurisdictions allow flat fee billing, but at the same time, they also impose caveats
Back in May 2022, I posted about how solo and small lawyers are using TikTok to share their legal knowledge, opinions and a behind-the-scenes look at their practices. But as I’m learning from my own experimentation on TikTok, it can be difficult to post regularly enough to gain real traction or attract clients.
Even
Part I of this post on Web 3.0 + Engagement Agreements discussed considerations for representing DAOs in lawyer engagement agreements. Here in Part II, we’ll move on to what terms to include in your retainer agreement to ethically accept cryptocurrency or NFTs as payment for legal services.
Accepting Cryptocurrency Payments For Legal Fees
For starters,
Ready or not, Web 3.0 is going mainstream. According to the Gartner Hype Cycle for Blockchain and Web3 published in July 2022, wider consumer and business adoption of Web 3.0 commercial applications like blockchain wallets, cryptocurrency, NFT games and smart contracts are on course to reach a tipping point in the next two to five