Litigation Support Services Can Make Alterative Fee Arrangements Profitable
Alternative fee arrangements seem to be the hot new thing in law. When used in tandem with litigation support services, attorneys can save big bucks for their clients without losing out themselves. Potential clients come into an office, guns blazing, ready for trial (before a retainer has even been signed), and refuse to comply with traditional hourly billing practices. Attorneys, and especially those of the litigator variety, have been somewhat forced into at least considering alternative fee arrangements recently. As Attorney Mark Robertson wrote for the American Bar Association here, lawyers
are often smart but can also be aggressive and strong willed—“sometimes in error but never in doubt”—and are trained to look backward—“precedent is king.” So when something new comes along, the first inclination is for lawyers to say no, and then someone has to convince smart, aggressive, argumentative people to change their minds. And because many of us have grown up with billing by the hour, to ask us to change to an alternative method and market it to our clients can be a doubly threatening task—there is little precedent for that!
Stay-at-home-mom Lawyers are A Source of Excellent Outsourced Legal Services
When most people hear the word “outsourcing,” they instinctively conjure up thoughts of huge workrooms in India filled with hundreds of diligent workers typing away or on their headsets, speaking their best English. However, outsourcing legal services can involve an entirely different group of independent contractors: American attorneys. Whether based on US soil or overseas, American attorneys all over are stepping down from big law and enjoying alternative legal career paths.
Typical groups of attorneys who currently work in outsourcing include:
A Man with a Modem Can Steal More Money than Any Man with a Loaded Gun
Is an attorney ethically liable to replace client funds stolen through a cyberattack? According to a recent opinion issued by the North Carolina State Bar, the answer is “yes,” unless the attorney has taken reasonable security precautions. Taking reasonable security precautions, as explained by a previous opinion of the same court, means “Lawyers must educate themselves about the security risks of online banking, implement safety practices such as strong password practices, use encryption and security software, hire a technology consultant for advice, and ensure that staffers assisting with trust-account management receive training and abide by security measures.” Bottom line: reliable legal technology services can help keep your firm safe and ethically compliant. Continue reading
Contract Management Companies Are a Great Alternative to Storing Mountains of Paper in Filing Cabinets
Contract management companies assist professionals in every major industry. From providing a working template to ensuring regulatory compliance and meeting timely deadlines, a reliable contract management company can save businesses, like law firms, significant amounts of time and money. Employing the services of a contract management company is akin to an insurance policy because it adds an extra layer of protection against mismanaging a contract. Since business leaders across America use contract management companies in their work on a third party independent contractor basis, fees are generally determined based on usage. Continue reading
If You’re Traveling, Do Your Due Diligence Before Renting from Amateurs
With the holiday season just around the corner, families everywhere are planning their annual get-togethers. Online rental service companies like Airbnb and HomeAway are becoming more popular each year, and legal issues such as well-written contracts and insurance liability coverage play important roles. These unique websites offer vacationers the ability to book a holiday rental home or apartment in nearly any destination around the globe.
During the planning stage, users can see photos and comprehensive descriptions of the facilities and accommodations. While some homeowners prefer to use a third party, similar to a realtor, to handle all customer communications, many homeowners choose to speak directly with the renters. Most of the time, money is exchanged, the property is returned in more or less the same condition as it was received, and everyone walks away with fond memories of a satisfying vacation. But sometimes, as in the case of the Stone family, the vacation is marked by tragedy. Continue reading