Future & Trends
Unconventional Business Models With Conventional Success for Law Firms
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…
Read MoreHow Soon Before AI Kills the Billable Hour?
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 can…
Read MoreSay Hello to the 7-figure ebook + ChatGPT.
Missed the webinar? You can still access the recording and related materials by registering here. What if you could create a marketing tool in under seven hours that could generate seven figures in revenue? As I discovered accidentally in my own law practice, the e-book is one of the least expensive and most effective marketing…
Read MoreFIndlaw Finds a Way To Compete Head to Head With the Lawyers Who Pay Its Bills
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 Estate…
Read MoreIs Using a PO Box As a Law Firm Address, Penny Wise, Pound Foolish or Passe?Â
A decade ago, Attorney at Work carried this piece penned by then-solo Ruth Carter which evaluated different mailing address options for her virtual law practice: (a) a bare-bones, UPS Store or PO Box option, (b) a mailing address at a corporate space with access to conference rooms or (c) a “faux office” with access to…
Read MoreHello Divorce, Hello PreNup, Hello New Trademark Infringement Issues?
Last week, consumer-facing legal tech enjoyed a moment in the mainstream sun when HelloPreNup and its founders Sarabeth Jaffe and Julia Rodgers appeared as contestants and snagged a deal on the popular television hit, Shark Tank. When I shared news of the win in the popular Lawyer on the Beach Facebook group, several commenters immediately…
Read MoreLaw Firm Ownership and Diversity in the Legal Profession
Via Bob Ambrogi’s Law Sites Blog, I learned of yet another Captain Obvious study on diversity at biglaw. Spoiler alert (NOT): there’s been little progress or improvement over the past seven years. Though the percentage of minority associates at large firms hovers around 26.4 percent – so slightly less than the 30 percent of…
Read MoreABA Opinion on Virtual Offices: Is It Time for the ABA to Step Aside?
Yesterday, the ABA released Opinion 498 on Virtual Law Practice. A year into the pandemic, the ABA opinion attempts to make virtual practice seem like a big scary monster that lawyers should avoid if possible or approach with so much fear that they’re doomed to failure from the start. What a wasted opportunity. Because if…
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