The Franchise UmbrellaA modern way for Independent Lawyers to work together
The Mechanics• It is a hybrid (umbrella) structure• Borrowing from the franchise world• Using tools from standard consultancies• We help you grow your business within ours• We will support your growth ambitions• We will help you address your weaker skills• We want you to succeed and grow your business because it will help us grow our business
The Model• It is essentially a fee sharing model• You engage at any level - the choice is yours• The key driver is billed and paid hours• When your clients have paid – so do you• Active debtor management is essential• The more you bill and collect the more you earn• It really is that simple.
Our package – the benefits• Training in sales and basic marketing• Training in our office systems• We help you to set yourself up to trade• SOS case management and accounts software• Branded email address and stationery• Access to a full range of precedents• Access to Law League’s benchmarking tool• Access to common search and similar facilities
……….more benefits• Land Registry online• Central finance and cashier support• SRA compliance with our supervision – so you don’t have to worry• PI insurance – to £10 million• Telephone answering from 9am to 5.30pm• PR and marketing assistance• Meeting rooms available in South West• Lexcel compliant office manual
How much will I make?• Fees on a sliding scale from 50% to 80% of what you bill can be yours• It is up to you - it is your business after all….• To be successful you will need to: – actively market – network – support our Social Media presence – add articles to your web pages – have a following You need to help us help you – it’s a team game
Sales & Marketing• If you don’t know about CRM we will help you learn how to organise and use your contact and client data• We will seek local and regional press coverage• We will support your personal launch event• You will learn to market easily with our help• 3rd party sales and marketing packages are available at your cost
Want to leave?• We hope not• However this is a lifestyle business and you choose your own pace• Your clients are yours• If we or other consultants introduce you to clients they are ours• Our approach is business-like and commercial• There are no restrictive covenants
Supervision• A necessary professional business precaution – you will not be alone• The directors are responsible for you• Regular visits are the normal routine• Weekly 1-2-1’s are available and can be useful• 6 monthly social gatherings• Support can be made available at other times to suit you .
Referrals• We will not spoon feed you - it is your business• We have lead generation techniques and we prioritise referrals to new joiners• Referrals are not guaranteed; you need to be sure of your following before you join us• Engage with us at the level at which you feel comfortable
What Lawyers are we interested in?• Our preference is 3-5 years PQE or more• Corporate/Commercial, IP, (Renewable) Energy, Agriculture, Employment and Commercial Property• And anyone, save for PI solicitors and residential conveyancers, will be considered• If you are a parent balancing childcare with work, want to reduce your hours, retiring, returning or redundant, why not try us if you have supportive clients? ..
Technology• Technology lies at the centre of our offering• You need to be able to use technology or outsource to others – you choose• If you can operate a smart phone, you have the skills we need• Working smarter, faster and cost effectively is the name of the game for law in the future
Joining Fees• Again we have choices• Early joiners will get soft terms• The joining fee will increase as we grow - this is a ground floor opportunity• We can discuss the detail when we meet – call us now on 020 798 90754 or email us at Enquiries@lawontap.co.uk