You’re already used to doing things on your own. That does not have to be the way it is.
You can be swamped; maybe you have enough work to employ an associate for a month, or a week, just not on a permanent basis. Whatever the cause, outsourcing research to a professional or contract lawyer will add value to your practice.more Business Law Group – Contract Law Attorney Near Me
Grow your bottom line while cutting costs to your client. As outlined in ABA Formal Opinion 00-420, attorneys are permitted to add a reasonable surcharge when billing clients for the use of freelance lawyers. Because you adopt the work as your own, you review work product just as you would for a full-time associate, and a surcharge for that function is clearly appropriate.
Freelance attorneys generally charge fees smaller than your customers are used to paying. Therefore you not only earn a profit on creative resources, you pass the savings on to the consumer.
2) Deliver more value to your clients.
It’s no secret: clients are looking to cut costs. But don’t suppose this is merely a recession symptom. It follows a far broader trend, with clients looking for greater value. Whether you bill by the hour, flat fee, or some hybrid of the two, your clients need and want to see a solid ROI.
Not only does hiring a freelance attorney increase profitability, it allows you to focus on your core competencies, on your client relationships, and ultimately increase the value you deliver.
3) Utilize your time more strategically.
At least 25 percent of the time will be dedicated to networking and promoting the practice. Let’s be frank: Is this happening? What gets pushed into the back burner when you’re busy? Outsourcing work to a freelance attorney means you spend more time on what you enjoy, whether that’s marketing or developing case strategy.
In addition to the traditional research and case synthesis, freelance attorneys can write blog posts, whitepapers, and other crucial pieces of your marketing efforts. These can be syndicated, ghostwritten, or licensed exclusively to you.
4) Increase flexibility and manage risk.
By using project-based, freelance attorneys, you align your costs directly with revenue generation. This allows you to grow without sacrificing agility, which is a significant advantage for solos and small companies.
5) Supplement your skill sets.
Have you ever had a case presenting unique issues of law or business lying outside your specific expertise? Bringing on a freelance attorney allows you to gain exposure to the area yet still retain focus on your core competencies.