Re: Unbundled Legal Services

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Profitability is the question. It depends on how you define
your cost. If you mean gross in minus gross out, then I can
provide services dirt cheap. If you mean gross in, plus
capitalized investment, minus gross out, price goes up. In my
mind, I go one step further, I compare what I could make doing
something else with what I am making, and if the alternate
career would have made more money, what I'm doing is not
profitable.

I guess the question I want answered, is what will the market
bear. Has it hit the point where a Lawyer can no longer provide
services to the common man, because the common man can't afford
it unless its provided by the non-lawyer? The biggest problem
I see, is that certain groups can provide legal services under
cost, because the use it as a loss leader to sell a secondary
product, for example, insurance companies will give away a
living trust as a part of a sale of over-price mutual funds. As
an attorney I don't sell mutual funds, so I have to make my
money on the living trust.

I guess the secondary question, is how does the public respond
to Unbundling? Can they grasp the concept well enough? Can
they differentiate between Paralegal Level Work, and Attorney
work, and understand the difference in cost. Or does it just
create an expectation that the attorney will work for paralegal
prices but with lawyer responsibility? (Which, I won't do, and
I don't think any attorney would or could do for long.) So, I
suspose the question is how do you effectively sell the
difference, if at all.

Tom

On 10/28/02, roosta wrote:
> On 10/28/02, RiversideCA Lawyer wrote:
>> RE: Unbundled Legal Service
>> Arrangements/Legal Coaching.

>> Tom, when considering a service to offer, I always ask
> myself, WOULD I pay for this service if I had no knowledge
> of the subject? And, HOW much would I pay??
> (1) Do you have the resources to provide it on hand or will
> you have to obtain them?
> (2) How much will you sell the service for?
> (what will the market bear?)
> (3) How much will it cost you to provide these services?
> (4) What's the difference in the 2 figures?
> (5) Is that a "PROFIT"?
>
> Good Luck I hope this is the "NEXT TRADING CARD FAD"
> Hope you are VERY sucessful in this venture
> Roosta

Re: Unbundled Legal Services, 9/03/03, by rrr.

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