It's common to
see lawyers leveraging their expertise by teaching classes or consulting, and many engage in complementary endeavors such as selling title insurance or providing financial planning services.
Not exact matches
(
See my post «How the Legal Industry's Pursuit of
Leverage Pits the Client's Interests Against Those of the Law Firm» — where I recount my chief financial officer friend's receipt of a bill from an AmLaw 100 highest revenue firm for tax law advice from two of its junior
lawyers whose the AmLaw 100 employer considered them sufficiently incomplete in their qualifications that it charged my CFO friend for their «supervision» by — of all specialties — a partner in the real estate group!)
Stats like these, coupled with the rise of businesses
leveraging SMS — text messaging — functionality for electronic consent, it would not be surprising to
see an influx of focus on mobile technologies among young
lawyers to enhance outdated processes and attract new clients.
Although we've
seen a few
lawyers develop wills kits geared towards the public, this is different because it's targeted to the practitioner,
leveraging the name and experience of the firm.
This ethos, coupled with the
leverage dynamic (with a smaller number of equity partners generating huge fees from supervising and managing junior
lawyers) and chargeable hours model
saw associates happily prepared to work all hours as they strived for partnership.