Hands down 🙌, one of the best parts of starting or owning your own law firm is the ability to create a novel business model that addresses a profound gap in the market, and marries your passion to your legal talent. Below, I highlight three recent examples of lawyers whose unconventional business models caught my
Since this last post summarizing 15 states’ ethics opinions on flat fees as of September 2022, there have been some new developments on the flat fee front.
None of these rulings are particularly helpful.
If anything, they further complicate flat fee billing.
Fortunately, there are workarounds to solve the problem, one of which you can
Most lawyers can methodically recite the ethics rules that govern marketing.
❎ No guaranteed results.
❎ Required labeling as “attorney advertising.”
❎ No unverifiable superlatives.
❎ No misleading copy suggesting that your firm is larger or more experienced than it is.
But that’s just the tip of the iceberg.
Most lawyers forget that when we
[sponsored blog post by LexReception.com] Streamlining, optimizing and automating are key to growing or scaling a practice. According to research by Clio, the average lawyer billed just 2.5 hours of an 8-hour day. That means either they do not take on enough clients, or lawyers across the US are struggling with inefficiency.
Earlier this week, stock prices for Chegg, which provides study materials and outlines for high school and college students, plunged by almost 48 percent reports CNBC. The culprit? ChatGPT which has cut into much of Chegg’s business in just five months.
Chegg’s recent losses are yet another reminder of just how quickly ChatGPT
I get by with a little help from my friends.
The Beatles sure knew what they were talking about when they wrote that line.
Even if you’re starting a law firm alone as many of us do, help from friends, family and colleagues is important. Surrounding yourself with a band of
Can a law firm’s use of artificial intelligence be a selling point for clients? Biglaw firm DLA Piper thinks so.
Last month, DLA Piper publicly announced that it would utilize Casetext’s groundbreaking platform, Co-Counsel which is powered by GPT-4 to perform substantive tasks such as legal research, document review, deposition prep, and contract analysis.
Starting a law firm that operates in multiple jurisdictions can be lucrative, but also confusing with multiple, competing ethics rules. In March 2023, the ABA issued Formal Opinion 540 to provide guidance to lawyers who practice in. more than one jurisdiction.
Model Rule 8.5 Offers Guidance for Lawyers Running a Firm in Multiple Jurisdictions
Formal
Starting a law firm that operates in multiple jurisdictions can be lucrative, but also confusing with multiple, competing ethics rules. In March 2023, the ABA issued Formal Opinion 540 to provide guidance to lawyers who practice in. more than one jurisdiction.
Model Rule 8.5 Offers Guidance for Lawyers Running a Firm in Multiple Jurisdictions
Formal
Starting a law firm that operates in multiple jurisdictions can be lucrative, but also confusing with multiple, competing ethics rules. In March 2023, the ABA issued Formal Opinion 540 to provide guidance to lawyers who practice in. more than one jurisdiction.
Model Rule 8.5 Offers Guidance for Lawyers Running a Firm in Multiple Jurisdictions
Formal