Making Solo Practice Sustainable
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This document summarizes the agenda and key topics for the Clio Cloud Conference 2014 held in Chicago, Illinois from September 22-23, 2014. The conference focused on how technology has transformed and disrupted the legal profession, moving practices to the cloud and lowering costs. Specific sessions examined how solo and small law firms can become more sustainable and profitable through structural changes like subscription services, diversifying services, and changing outdated ethics rules around client trust accounts and advertising.
Making Solo Practice Sustainable
- 1. Clio Cloud Conference 2014 SEPTEMBER 22 23, 2014 揃 CHICAGO, ILLINOIS
- 5. Mid-1990s Rent Office $750/mth Computer LegRes WEXIS $600/mth Phone Lines Landline $200/mth Cell Phone (limited) $200/mth Support Staff (onsite) $1500/mth Ads YP or MH$200+/mth TOTAL $3500/month *plus $2000 desktop PC;$1000 LPM tools
- 6. 2014 Rent CoWork $200/mth Computer LegRes FC, Goog FREE! Phone Lines Hosted PBX $30+/mth Cell Phone unlimited $200/mth Support (VA/Vir Rec) $300/mth LPM cloud based $40/mth+ Ads Website/SM FREE TOTAL $770/month
- 7. We can be a one- man band... (isnt that what we wanted?)
- 11. #ALTLAW IS THE THREAT THAT LAWYERS DONT SEE COMING...
- 12. DOLLARS + DATA = DISASTER FOR SMALLAW?
- 14. What can we do to make solos & smalls sustainable?
- 16. 1. Micro-Changes: to indvidual solo/small practices 2. Macro-Change: Legal Ethics Rules
- 17. STRUCTURAL CHANGES Cash Flow - #1 Threat to Small Business Sustainability
- 18. 3 Prongs of Sustainability STRUCTURAL CHANGES
- 22. Diversify: Same hourly rate = all eggs in one basket
- 25. Is your firm built to last?
- 28. Systemic Changes To Ethics Rules for Sustainability
- 30. NNo more trust accounts! Equal advertising rules for #oldlaw and #newlaw
- 31. Mandatory Cloud Everyone into the cloud!
- 33. Hello, this is Kelly from Legal Loom where weve been sewing disruption in the legal profession since 2022. And what is your name?
- 34. My name is Tom. Tom Robinson. I need a lawyer to represent me in an assault case.
- 35. I see you are a subscriber to the Legal Loom Stitch in Time plan with complimentary forms. Have you tried our small claims court forms?
- 36. Oh, you did? And the judge told you to get a lawyer. Hmm...lets see if I can find one under your plan. What about this one...
- 37. Oh, you did? And the judge told you to get a lawyer. Hmm...lets see who is on your plan. What about this one... Atticus Finch COMMUNITY RATING: F
- 38. No, that wont work. Lets see why he has such negative reviews...
- 40. Well, Mr. Finch will have to be removed from our program. I may be able to bump you up to a GoldWeave lawyer but I need to crunch some numbers. OK- so you are located in Maycomb County, Alabama? You are African American, and the complainant is Caucasian? Just a moment please...
- 42. I am terribly sorry, but we are coming up with a .0001 percent chance of you winning the case. I am very sorry but we wont be able to help you with a lawyer today. But if you would like, I can put you in touch with one of our Plea Bargain Technicians who may be able to help you. And is there anything else I can assist you with today?
- 44. Clio Cloud Conference 2014 #ClioCloud9 Thank you for listening! mmm
Editor's Notes
- #5: We celebrate birthdays and weddings, arrival of new babies, launches and inaugurations and grand openings....
- #6: Cost a lot to open law firms and solos and smalls still struggled
- #7: Cost a lot to open law firms and solos and smalls still struggled
- #8: Cost a lot to open law firms and solos and smalls still struggled
- #10: Same advantages makes it easy to start
- #12: Cost a lot to open law firms and solos and smalls still struggled
- #13: Dollars and data. Dollars gives them money to market and promote services, data gives a feedback loop to refine?
- #14: Cost a lot to open law firms and solos and smalls still struggled
- #15: Cost a lot to open law firms and solos and smalls still struggled
- #16: Cost a lot to open law firms and solos and smalls still struggled
- #17: Same advantages makes it easy to start
- #29: Same advantages makes it easy to start