Cracks in the traditional law firm business model are making - TopicsExpress



          

Cracks in the traditional law firm business model are making clients and profit scarcer and scarcer, prompting lawyers like Michael Van of Shumway Van and Associates to follow a recent trend of startup lawyers in Utah who are rethinking their business model from the bare bones. Building your own business from the ground up in the American dream. But the legal industry is not necessarily known for its innovation and forward thinking in terms of growing business. It has seen skyrocketing rates for clients represented by private firms, essentially alienating significant portions of their potential client base. On the flip side, public defenders are overworked and not paid enough to see their student loans paid off within a reasonable timeframe. “Storied firms” have been going under, merging and laying off staff and lawyers at “unprecedented rates.” However, the response to these statistics has been interesting as law firms turn to the use of technology to increase business, building a different firm model to encourage more efficient and productive practices. #lawyersinutah #utahlawyers
Posted on: Wed, 28 May 2014 14:02:44 +0000

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