Legal Franchise

Virtual Law Firm – Commercial solicitors’ practice.

Are you a top class energetic business lawyer?

• You are a solicitor, legal executive or counsel, with a desire to join a new and innovative virtual business model.
• You are IT literate; this model has technology at its heart.
• You have already made the decision that a traditional law firm does not work for you.
• You attract new clients and are ready to take on the challenge of becoming an expert in your chosen specialism and enjoying the financial rewards.

Simply put, we offer a very different legal virtual business model for lawyers to offer commercial legal advice and support to SMEs.

We are with you from the start

Join us and we supply you with

• a streamlined online office structure and support.
• Plus you get ongoing personal and professional development and assistance, from both our management team and from other like minded lawyers.
  

After the initial interview process, if we’re both certain that the opportunity is right for you, you’ll receive your agreement to operate the business, begin your training and be equipped to start.

We have a countdown process to launch and our team keeps everything ticking and ready for the launch date.

The training is clear, to the point and comes as part of the package. Its web based following initial training and ongoing, each month you access online webinars to improve your business and keep up to date.

Are we right for each other?

You would not expect us to sign an agreement with just anyone.

• You will come from a successful legal background and be able to demonstrate effective self management and communication skills.
• Your background will include specialist commercial law knowledge and a minimum of 3 years post qualification experience.
  

Success with us requires a commitment of at least two to four years as your primary business interest. The model is flexible and hours are your choice, you can balance your work and lifestyle with us.

Our Approach

We show you how and help you to work both in and on your new business.

• That means engaging fully in marketing promotional activity regularly.
• This ensures you retain and attract new clients each month.
• It is completely hands-on.
• You’ll be managing your own workload and ensuring that clients receive the best service at all times and running your area of the business.
• You are in charge of your workload, but supported by us to achieve your business potential.
  

Becoming part of our team means you are in business and not on your own. Independent and supported, you can concentrate on your career.

Like to find out more or look at some case studies?

Here is a rough guide to going it alone:

Start Up costs for an average practice in 2011

Set up costs estimates as follows:

• PII Cover of £5m (the minimum £3m cover is not enough for all types of commercial property work) costs £12,000 per annum;
• A subscription to PLC commercial property section costs £1,200 per annum or £3,000 for the whole suite of 18 sections;
• Annual Accounts and help keeping the them straight during the year will cost around £2,500 per annum;
• An annual SRA Audit is required as most commercial lawyers hold client money, costing a further £1,500;
• The cost of running the office will be minimal as some choose to move into the spare room upstairs thus saving on rent and rates;
• You will need a website and this will cost in the region of £2,000;
• You will need broadband and email and this is likely to cost around £360 per annum;
• You will also need some stationery: business cards, newsletters and letterhead and this she has budgeted conservatively at £500 per annum for design and newsletters sent via email;
• You will need to buy a new computer and printer at a likely cost of around £1,000;
• Setting up a bank account to include a client account will be free of charge in the first 12 months but thereafter you will pay per transaction;
• There will be some miscellaneous set up costs say a modest £500;
• The total cost of the set up is therefore budgeted conservatively at £21,560. With a little margin for error say £24,000 or £2,000 per month excluding any form of promotion or advertising costs.
   

Talk to Chris Slay now on 07930168168, after hours or weekend calls are not a problem

• Case Study 1
• Case Study 2
• Case Study 3
• Case Study 4
• Case Study 5