As I walked through the happiest place in the UK and observed all the wannabees queueing up to sing in a tent it made me think about what makes a solicitor or costs lawyer stand out from the crowd.
In a solicitor’s case, it maybe the ability to make sense of the most complicated case and win. The ability to build a relationship with clients. I was interested to read that firms are not automatically recruiting trainees with the highest grades, but are looking at graduates with business acumen and other qualities such as marketing, client care and those able to generate new business for instance.
So what makes us stand out from the crowd? Traditionally, costs draftsmen only became involved at the end of the case to draft the bill of costs and negotiate settlement. However, we prefer to start off earlier than that. By drafting the retainer, being involved in file management and in-house training we go further to maximising your firm’s profitability. By identifying alternative business opportunities and working in conjunction with business consultants, we help your business grow – not just survive. By highlighting changes in law as soon as they come out, we help your firm react and where necessary adjust to the new opportunities that we can create.
In the current climate, doing what you did last year, does not keep you ahead of the game. Give us a call and see what difference we can make. Call 01228 63 55 45 now.
As the Legal Aid Sentencing & Punishment of Offenders bill aka LASPO makes its way through The House Of Lords various amendments have been proposed that have caused great alarm.
Either unwittingly, unknowingly or quite possibly deliberately, the bill has been amended such that success fees will no longer be recoverable with the application being retrospective. This means that it will not just apply to CFAs entered into after some date in April 2013, but will be for all cases where judgement has not been entered. So that long running dispute started a few years ago and heading to trial in June 2013, from which you were expecting a handsome reward – possibly for your pension or nest egg that you richly deserve given the risk taken – will disappear. Ouch.
As always, here at Carlisle Legal Costing, we will try to keep you up to date, but this is potentially devastating news for your firms’ business model. Over the next few weeks we will be working hard to bring you alternative business models for your firm
There are a number of elephants in the room at present:
1) Alternative Business Structures
2) Mergers & Acquisitions
3) Jackson / LASPO
Law firms, whether you are a sole practitioner, small high street practice or even regional & national firm will be affected.
Solicitors and law firms, both traditional and modern will need to adapt and take any advantage or opportunity that may help them rise above the new entrants in the market and the storms rumbling on due to LASPO, and and adopt best possible working practices.
One of which would be to ensure your fee earners are employed in the most costs effective way – fee earning. The second thing would be to employ the services of experts in the field of costs and profitability – namely a costs lawyer.
Why would you do that?
The main one is that they are the most up to date on costs law, CFAs, ATE disputes, third party costs orders etc. But another point often overlooked is that the costs lawyer has the added benefit of comparing what other firms are doing with what you are doing and helping in an advisory capacity to improve best working practices.
Contact Carlisle Legal Costing on 01228 63 55 45 to discuss how we can help you further.
We will be happy to attend your offices to host costs seminars and training, or visit us for our next one coming next month.