What Law Firm Owners Can Learn from Startup Founders

Watch the YouTube version of this episode HEREAre you an attorney looking for advice on how to structure your law firm? In this episode of the Maximum Lawyer Podcast, Tyson interviews Jeff Holman, an attorney and entrepreneur. Jeff shares his journey from engineering to law and business, detailing his transition from private practice to in-house counsel and ultimately creating a fractional legal team model. Jeff shares how to set expectations for clients about the legal team model. Some clients are used to working with an attorney who will be with them from intake to the conclusion of all affairs. A legal team model involves collaboration with different individuals within a firm, which can involve other lawyers working on a case. Jeff emphasizes the need to provide clear communication with clients who might not be used to this model so they know what kind of support they are receiving.With AI growing within many firms, Jeff and Tyson provide insights on how AI affects client interactions. Research shows that AI integration might lead to firms hiring less attorneys since there are tools that can do a lot of the work for you. For Jeff, the use of AI is a great tool, but won’t be useful for certain aspects. For example, if the right questions aren't being asked, AI can help with this. It can also help replace a first year associate that might be too green to work in a specific legal environment. Listen in to learn more!02:43 Transition from Private Practice to In-House04:15 Burnout in Fractional Roles06:02 Running a Firm with a Spouse12:01 Team Model and Client Expectations 15:30 Pricing Strategy and Eliminating Billable Hours29:39 Franchise Ownership Experience37:51 Changing the Law Firm Business Model Tune in to today’s episode and checkout the full show notes here. Connect with Jeff:Website Instagram  Facebook Linkedin  Youtube