Is There Another Law Firm Business Model?
Have you ever wondered if there is a different way to practice law than a traditional law firm partnership?
In this podcast interview with John Remsen, Jr. of the Managing Partner Forum, Darin M. Klemchuk discusses law firm business models and making the transition from one model type to another. In particular, he discusses how many firms follow the “barbershop model” – an organizational structure that rewards individual behavior but often results in isolated practice areas (silos) with weak cross-selling activity and short-term focus. He proposes a new business model based on team focus and collaboration.
Listen to the podcast here.
In addition to Thriving Attorney, Darin M. Klemchuk is founder of Klemchuk LLP, a litigation, intellectual property, and transactional law firm located in Dallas, Texas. He also co-founded Project K, a charity devoted to changing the world one random act of kindness at a time. Click to read more about Darin Klemchuk's practice as an intellectual property lawyer.