To help attorneys better understand the trends that affect their business, LawPay has created a new infographic, “Recent Trends in Legal Payments.” Explore this infographic to see how changes in payment preferences could affect your law firm, and what you can do moving forward to improve payments in your practice.
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Solo attorneys sometimes land in an office share setting. And look, I get it. The reasons for doing so can be compelling. There’s the savings on overhead, the presence of others who can provide personal and professional support, and the list goes on. While I have no desire to quash anyone’s desire to work in such a setting, I do feel compelled to share a story; because sometimes it’s just too easy to minimize and even ignore potential problems.
Like the harassment issue many ignored for 40 years, the stigma of leaving a profession to raise a family, start a new business or write a book is often seen by the person who chose to leave the profession as something to be ashamed of, forgotten or ignored. “Me Too.”
That jolly ol’ white-bearded, chubby guy in the red velvet suit with the fur trim is a better Rainmaker than you. While his clients, children, may not be your target market, if you acquire his characteristics and take on some of his abilities to bring in new clients and make them advocates for life, you can become the Rainmaker he is.
As we close in on our 9th birthday in 2018, we are planning changes at Solo Practice University. It’s time to shake the trees, streamline our community, and reconfigure our enrollment options and benefits. Open now so you don’t miss out on time-sensitive opportunities.
Prospective client Diane has a complex legal issue in Illinois. Her matter will likely generate millions of dollars in revenue. She receives two referrals, one for Grace and one for Alan. Diane decides to search for these lawyers on the ARDC website (this is the disciplinary agency that regulates lawyers in Illinois) to learn more about them. Diane learns from the website that Grace does not have legal malpractice insurance; but Alan does. They have both been active Illinois licensed attorneys for 10 years. Who does she pick? Wait! This is not only not a silly question, but read the answer and the changes now being implemented for those who don’t have malpractice insurance. Illinois is leading significant changes. You’ll be glad you read this.
While recorded over the summer, the sentiment remains the same over any stretch of downtime. It is great to plan soft relaunches of your firm during slow periods. Soft relaunches can include the announcement of a new employee, new website design, rebranding, any number of changes in your firm that give you a new marketing opportunity. So, listen and learn. (Oh, and enjoy Jared’s heavy breathing. He gets excited for these podcasts!!)
For the final column of 2017, highlighting attorneys who rezoomed their career, I thought I would update readers on my journey back into the law. It has been an incredibly enlightening, sometimes frustrating, yet joyful journey. Today, I find myself loving what I do and looking forward to going to work every morning. Doing what I am doing now means more to me than all the ups and downs of the last 6 years. Here’s my story.
While crowdfunding models vary, there are primarily two general approaches. One is an investment model where the contributor invests funds in exchange for some kind of benefit. The other model is the donation approach, where the donor has no expectation of a return or benefit, and this is the model I’m going to discuss.
Let’s start with a potential client who has no ability to cover your fees. Would it be ethically permissible to solicit donations through a crowdfunding source as a way to have your fees paid?
Lawyers using email to communicate with clients is the norm. There is usually an expectation and understanding that these communications are privileged. But, can the privilege be lost? Consider the following scenario. Click to post for answer. Good luck!