We recognise that the consultant solicitor role is a major and pivotal initiative that will allow firms and individuals to practice law in a more flexible and responsive way.
The new practice model is a rewarding yet challenging experience, giving the individual the opportunity to expand their professional and personal horizons
It is a route to a better life balance for lawyers, and an opportunity to become specialised and focused on delivering better solutions and service to the end clients.
For many law firm owners, the new model is a way to increase turnover and growth, so their focus is on attracting senior lawyers with a following to generate income.
This short-term action precludes those bright and enthusiastic younger professionals without a following.
The pandemic showed us is that the provision of legal services can be delivered through a variety of solutions to all size of firms. The consultant solicitor model presents an array of alternative workable solutions to existing business practices.
The recent and ongoing skills shortage has been felt by all businesses and has damaged a lot of smaller firms who can no longer service their clients. Here is a real opportunity for ambitious lawyers to develop their own businesses in their own way whilst bringing agility and modern skills to the legal sector.
For small firms the consultant model presents exceptional opportunities to remedy the scenario of stagnation, it just takes an acceptance to adjust and accept.
The cost savings are significant and, even better, fixed overheads are significantly reduced.In essence as a firm you pay for what is delivered in an agreed split fee arrangement.
Individuals can choose how they set up and work; some will be apprehensive about moving from a dependable salary with lots of restrictions to a more entrepreneurial role that rewards them with a bigger slice of the fees that they have earnt.
Perhaps the biggest challenge is understanding how to build your consultancy and generate consistent fees. We support you.
To help firms to adopt this new model, we have designed a fee structure that works on a Pay as you Earn basis, so no big fees and no risk to existing funds.
For individuals, we can help you make the transition by providing a plethora of support and guidance, to ensure those first 6 months and beyond are as smooth as possible and thereafter involvement with our Consultant Solicitor Community with training available will provide on-going practical support.