Jen Lee: Innovation in the Legal Industry
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In this episode, Steve Fretzin and Jen Lee discuss:
- Breaking the mold of traditional legal molds within ethical guidelines.
- Legal models that are changing the game for attorneys.
- The growing demand for legal services in underserved communities and non-traditional markets.
- How COVID changed the legal landscape.
Key Takeaways:
- The billable hour contributes to lawyer burnout and work-life imbalance as attorneys feel pressure to work long hours to pay off high student loans and meet law firm expectations.
- Some variations for fee models include flat fees, hybrid, unbundled services, subscription models, and passive income (such as a sponsored podcast, a course, a book, etc.).
- Part of your job as a lawyer is helping your clients accurately understand the costs of your services necessary to solve their problems.
- Turn off your lawyer brain when thinking about business development. What do you like solving? Build a business model around that.
"The legal profession itself stands in its own way. We’ve got such a long tradition and history of how things have always been done. It’s almost a stodgy profession. We have a lot of regulations on us, and it's hard to come up with ideas to get around those or to be ethical. Attorneys worry about that a lot. We're very conservative with how we look at things." — Jen Lee
Find out more about the 10 Easy-to-Execute Hacks to Unlock Your Full Potential at: https://fretzin.com/events
Thank you to our Sponsors!
Lawmatics: https://www.lawmatics.com/bethatlawyer/
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Episode References:
- The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy by Jon Gordon
- TV Show: What We Do in the Shadows
About Jen Lee: Jen Lee AKA Rebel Esquire. Once a mild-mannered attorney, now the superhero for lawyers intent on transforming an industry resistant to change. She is redefining the practice of law through innovation, accessibility, and a bold departure from the status quo. Jen is the owner of Lawyer Success Network® and host of the Rebel Esquire™ podcast.
Connect with Jen Lee:
Website: https://www.lawyersuccessnetwork.com/
LinkedIn: https://www.linkedin.com/in/rebelesquire/
Facebook: https://www.facebook.com/groups/lawyersuccessnetwork
Instagram: https://www.instagram.com/rebelesquire
Connect with Steve Fretzin:
LinkedIn: Steve Fretzin
Twitter: @stevefretzin
Instagram: @fretzinsteve
Facebook: Fretzin, Inc.
Website: Fretzin.com
Email: Steve@Fretzin.com
Book: Legal Business Development Isn't Rocket Science and more!
YouTube: Steve Fretzin
Call Steve directly at 847-602-6911
Show notes by Podcastologist Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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