Is There Another Law Firm Business Model?
Ever wondered if there is a different way to practice law than a traditional law firm business model? Listen to hear one approach
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.
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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. Click to read more about Darin Klemchuk's practice as an intellectual property lawyer as well as IP mediation services. For more on the latest developments in IP law, see Ideate blog and IP Questions Answered blog.