2 ms·
>Just thoughts. Your comments have been very genuine and insightful. >Even if not your specialty, you could get a lead gen fee. FYI and probably good practic
by will_brown 14y ago
>Just thoughts.
Your comments have been very genuine and insightful.
>Even if not your specialty, you could get a lead gen fee.
FYI and probably good practical knowledge for all founders to know when dealing with lawyers especially those who use lawyer referral services (1-800-*-pain). 1. Lawyers cannot split fees with non-attorneys (whether a lawyer works with a referral marketing service or a professional CPA who works on the case as an expert, the lawyer cannot split fees with them). and 2. In most States, for a lawyer to split a fee with another lawyer a.) the actual % of the fee split must be in writing and approved by the client (this presents switch and bait, or you retaining a partner with 30 years experience and your case getting dumped on a first year, and b.) the fee % must have a relationship to the actual amount of work done on a given matter (this practically prohibits a lead gen fee, because a referral alone does not support a lawyer splitting the fee). Hope this info can help keep some start-up's legal fees down if not just a little.