Sentences with phrase «business than a traditional law firm»

As Knights became more of a business than a traditional law firm, overhead went down.

Not exact matches

The standard explanations in the legal community emphasize the fierce competition for business among law firms that began when clients started to shop around for the best deal, rather than maintaining their traditional ties with a single firm.

They can see much further into the future than most lawyers; they endure sleepless nights worrying about the storage and security of big data; and they are typically fascinated by the potential of artificial intelligence to disrupt the traditional law firm business model.

Tamyn Hearne, Associate, Radiant Law: Hearne describes how Radiant's business model speaks directly to her frustrations with a traditional firm and explains that she has learned more with Radiant than she has anywhere else.

The time that may be saved through the use of a VLO may allow the traditional firm to continue to generate revenue while the members may focus more on the actual practice of law rather than dealing with administrative and rote functions of the business of law.

We've seen the futility of traditional law firm business models whose services are simply out of reach for more than 85 % of potential clients.

First, law firms are not inherently different than other businesses that provide professional services and, second, law firms should, therefore, operate as corporations with a traditional corporate capital structure.

ALSPs are investing substantial capital in comprehensive business / legal solutions, including in technology enablement, near - shore and onshore delivery locations, as well as in vertical industry expertise so they may have very different conversations with clients than in a traditional law firm engagement.

A 21st Century development has been the appearance of the virtual law firm, a firm with a virtual business address but no brick & mortar office location open to the public, using modern telecommunications to operate from remote locations and provide its services to international clients, avoiding the costs of maintaining a physical premises with lower overheads than traditional law firms.

This decentralised business model means «virtual» law firms have lower fixed costs, and lawyers therefore tend to be paid a higher proportion of the fees they make than in traditional firms where they are likely to be salaried.