Give it away
FEATURES
Two years in, employee ownership (EO) at Hedges Law has increased workforce engagement, profits and reduced recruitment challenges. Nicola Poole, managing director, shares how the firm underwent the transition and the outcomes experienced since.
Lindsay Healy is behind Aria Grace Law, an award-winning fee-share firm that pays lawyers 90% of the fees they bill and donates all its profits to charity. The firm is growing and expanding internationally. How was Aria Grace conceived, and how does it operate? Healy tells LPM in this Q and A.
Find out how Miller prevented a firm from closure, helped another find alternative cover and made sure a third firm benefitted from premium savings.
GIVE IT AWAY
Over the summer, many of you might have travelled on holiday overseas or domestically, exploring new territories or revisiting old favourites. Undoubtedly, your holiday destination offered a learning experience — perhaps you experienced a novel culture, new laws, a unique way of life or you simply swam in a new sea and enriched your worldview.
You might have noticed that in some countries citizens enjoy more liberties, whereas in others, they enjoy more wealth shared by their governments. In much the same away, LPM offers you the opportunity to learn from your peers as they share how they run their law firms and in LPM September, they talk about how by giving more away they’ve been able to attract and retain talent and business.
Nicola Poole, managing director at Hedges Law, is a self-proclaimed evangelist of employee-ownership. In her piece, she mentions the far-reaching benefits it has had on her firm, such as enhanced performance and increased profits (p3).
John Hayes, managing partner at the fee-share firm Constantine Law, thinks to improve talent retention be prepared to give more away (p11) and Lindsay Healy, founder and partner at Aria Grace law says the firm gives all the money it generates away and shuns the pyramid structure in a Q and A with LPM (p6).
BARBRI shares tips on retaining paralegals by offering the Solicitors Qualifying Exam route (p4), LexisNexis Enterprise Solutions offers insights into how automation can soften the blow of the cost of living crisis (p9), Quiss provides guidance on shifting to the cloud as nowadays costs are spiralling (p7) and PracticeEvolve details how cloud solutions are reshaping the legal landscape by helping firms overcome obstacles and achieve growth (p10).
The case studies in this edition cover how Miller prevented a firm’s closure and provided premium savings (p5) and Schofield Sweeney used Advanced’s software to transform processes, mitigate risk and collect data (p8).
