Tag: business plan

  • Does Focusing on “the Business” Lead to a Decline in Professionalism?

    Two recent events have led me to ponder this ongoing debate of whether focusing on the business aspects of running a law practice in some way threatens the legal profession. Perhaps it’s because my state tends to be more conservative because I don’t read too much about this online. Some of it stems from more traditional attorneys feeling threatened by the use of technology to practice law, but I acknowledge that there are other issues at work here.

    I attended a CLE sponsored by my state bar association where the topic of maintaining professionalism was discussed. The speaker noted with enthusiasm that we attorneys needed to remember that “this is not a business; it is a profession!”

    Well, I think it’s both and it serves our clients as well as ourselves for attorneys to treat the legal profession as a business, a business that maintains high customer service standards.

    I respectfully understand the point that this gentleman CLE presenter was emphasizing. But as a solo virtual law practitioner, I sure wish the bar would sponsor a few more CLEs geared towards the business aspects of running a law practice. After all, this is not exactly something attorneys are taught in law school and it is critical to our success.

    Practicing law from a virtual law office comes with the fun challenge of explaining to other attorneys why you have chosen to offer legal services online. A large part of chosing to run a virtual law office has to do with the fact that it allows me to run a healthy business as a professional. Surprisingly, the public, my clients, do not have any problem “getting it.” My clients see what I see: convenience, low overhead at a time when the economy is floundering, flexibility to provide my clients with services when it’s convenient for them, efficient and secure form of communication, etc.

    Also this past week, I attended a practicum for a bright group of MBA students and had the chance to read through the team’s business plan and critique it as business owner. Just reviewing and critically thinking about their business plan made me want to run home and rewrite and clarify my own business plan for my virtual law practice. I think it benefits our clients as well as our own law practices when we take the time to remind ourselves, through business plans or conversations with legal practice consultants, what our goals are in managing our law practices.

    So that’s my fun project for this weekend: Updating my business plan so that I stay focused on the practical as well as professional aspects of running my virtual law practice.

  • Supporting Virtual Law Practices

    Keeping up with blogging has been impossible between running my online law practice, raising an 18 month old and forming a new software company. I’ll do my best to provide a brief update.

    In June, we filed a patent for the virtual law office software and business method. We formed a company called Virtual Law Office Technology, LLC (VLOTech). The company provides software that connects legal professionals to the online community. To view a beta version of the software, please visit my law practice, Kimbro Legal Services at www.kimbrolaw.com. We have drafted a detailed business plan and are currently seeking angel or other investors to assist in getting the company up and running.

    A handful of attorneys in several states have shown interest in being some of the first attorneys in their states to set up virtual law practices. A couple are interested in integrating them into their existing practices and others are interested in having a completely virtual, homebased law practice. I have about a couple attorneys a month contacting me and that’s with zero marketing effort. I’m very excited about the potential that this has not only to offer a greater work/life balance for attorneys and another way to profit in their businesses, but also that it will offer more affordable and accessible legal services to the public.

    After over two years of research on the virtual law office as a business method for the legal profession, I feel very strongly that it is a great alternative way of providing unbundled legal services. An attorney could combine it with an existing brick & mortar law office and expand their client base to anywhere in the state(s) in which they are licensed to practice law. The software and business method provide for a number of different business applications. When we have more marketing materials ready for the company, I’ll post a link to those and the demo of the software. For now, we are working hard on the website content for VLOTech.

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