Results 1 to 8 of 8

Thread: Legal Retainer

  1. #1

    Default Legal Retainer

    I am a 19-year-old student who is thinking about starting a legal business after law school.

    I have a few extra things I want to add, but here is a majority of the plan:

    Business attorney retainer fee for $1,000 per month. On-call 24/7. No time limit. Unlimited phone advice, unlimited number of contract write-up/review, legal audit, employment law and employee discipline/termination, bankruptcy, business litigation, business formation, and myriad smaller services for new and growing businesses.
    Would you be kind enough to critique? Thanks. Any input is appreciated.

  2. #2
    Post Impressionist
    Array
    vangogh's Avatar

    Join Date
    Aug 2008
    Location
    Boulder, Colorado
    Posts
    15,061
    Blog Entries
    1

    Default

    My first thought is that's a pretty short plan. I think it's a start, but there are probably many more things you'd want to consider.

    I would think that during law school you'd specialize in one or a few aspects of the law and then open a legal practice based on your specialty. I guess I'm not entirely sure what you're asking now.
    l Join me as I share my creative process and journey as a writer | StevenBradley.me
    l Design, Development, Marketing, and SEO Tutorials | Steven Bradley's Notebook
    l Get my book about Design Fundamentals

  3. #3

    Default

    Quote Originally Posted by vangogh View Post
    there are probably many more things you'd want to consider.
    Could you elaborate?

    I guess I'm not entirely sure what you're asking now.
    I guess I'm asking is $1,000 per month retainer for a complete legal service asking too much cash, and how many businesses do you think I could sign?

  4. #4
    Registered User
    Array
    Steve B's Avatar

    Join Date
    Aug 2008
    Location
    Louisville Kentucky
    Posts
    2,024

    Default

    It would be WAY too much for me. If I had to spend $500 a YEAR on legal stuff I'd have to reevaluate what I'm doing.

    From the other side of the coin - I'd be careful using the term "unlimited".
    Steve B

  5. #5

    Default

    Quote Originally Posted by Steve B View Post
    It would be WAY too much for me. If I had to spend $500 a YEAR on legal stuff I'd have to reevaluate what I'm doing.

    From the other side of the coin - I'd be careful using the term "unlimited".
    How about legal/accounting/tax service all-in-one for $1,000 per month? Would you consider that?

  6. #6
    Registered User
    Array
    Patrysha's Avatar

    Join Date
    Aug 2008
    Location
    Whitecourt
    Posts
    1,682

    Default

    If I could afford a service of that magnitude...I wouldn't be choosing one based on a classified ad like that one. To really make an impact you'd likely want to look at what Alexis Neely has been doing.

  7. #7

    Default

    Could you afford legal/accounting/tax service all-in-one for $1,000 per month?

  8. #8
    Registered User
    Array
    Patrysha's Avatar

    Join Date
    Aug 2008
    Location
    Whitecourt
    Posts
    1,682

    Default

    Afford is a nebulous term really. I don't think there's a reason I would place that high a value on those sorts of services to budget $1000 a month for it. And if I did see the value in it...I wouldn't do it based on a text ad like the one posted.

    What will you be offering that's appreciably different from pre-paid legal?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •