Know How Prepaid Legal Services Provide Chances to Make Money Online

The growth in legal services displays the high demand associated with finding legal assistance. The growth of the demand for legal action in resolving a variety of circumstances has placed a huge strain on the legal system. As a result of this strain the court system is looking for quick results found in attorney supported clients over the self representation methods of the past.

For those individuals who seek legal representation in cases against those who do not, the odds are in favor of the attorney supported client. It is because of this advantage that the importance of locating a legal representative to perform in court is even more important.

An opportunity in the legal industry exists for it to advance due to the increasing costs associated with retaining an attorney to represent you in legal proceedings. It represent the newest cost effective method of finding legal services for an individual. It act in the same way that prepaid insurance does in that you are not purchasing it for now but as a preventative measure for future events. Like with the medical field the simplest of legal procedures can cost thousands of dollars and this fee is removed when you utilize the monthly fees associated with prepaid legal.

Many individuals may not feel they require legal services but the fact is that all individuals require legal advice at one time or another and chose to do it on their own rather than pay for professional legal advice. Legal proceedings often involve long and complicated procedures that do not benefit the inexperience of an individual looking to represent themselves.

The affordable rates associated with it can provide you with all the legal services you will ever need. If you desire to take the preventative measures associated with prepaid legal then they can help with simple preventative procedures like legal advice and the preparation of a Will.

If you get in a car accident or ticket trouble your prepaid legal services cover legal assistance from experts in the field of vehicle law. The low prepaid legal fee also covers trial defense, a service that most individuals never feel they will ever need but are grateful to have when the occasion arises.

In addition to capturing the services of it there also exists an opportunity to make money. As you have seen the power of prepaid legal services is very marketable since every individual can benefit from this low monthly expense.

A commission is available to any individual who would like to make money by offering this fantastic opportunity to others. Depending on your desire to make money this opportunity can be a small source of additional income or represent your new home business, escaping the pressures of the various business industries.

Do You Measure Up? Proving That Legal Departments Are More Than a Cost Center

General Counsel (GC) across most industries remain under pressure to operate efficiently, cut costs and maximize existing resources. In order to properly measure just how successful a Lawyer is operating today under these mandates, it is vital that in-house legal teams have a system of metrics and measurements in place. By measuring efficiencies, GCs can demonstrate their value to the organization and can provide proof points that help their legal department gain the trust and respect of company executives.

Are GCs on board?

In a recent survey, GCs were asked, “Do Metrics Provide a Useful and Accurate Measure of the Legal Department’s Value to the Business?” In response, 66% of General Counsel (GC) said that metrics do not provide a good measure of the legal department’s value. Additionally, most GCs reported that they do not use metrics to assess the legal department’s performance (58%), and they do not believe that metrics assist in analyzing the legal department’s value (66%).

Measuring cost vs. value

Why? When considering Conferences metrics generally, they are most often designed to measure only the legal department’s cost to the organization, rather than the department’s value. For example, the most common metrics in legal departments are:

* Legal expenses as a percentage of corporate revenue

* The cost of outside counsel

* Internal Legal Process Outsourcing department costs

* Cost per matter

* Average billing rate

It’s easy to see that these metrics are more about cost than value. To accurately capture value, a legal department needs to tell a complete and balanced story and show not simply the dollars being spent by a Lawyer, but how much that department has saved the organization from spending or losing. There are a number of methods to measure both the tangible and intangible value of a legal department. Here are a few:

* Feedback from client surveys that focus on quality of service, efficiency, commerciality and communication

* Assessing matter success rates

* Calculating dollars saved by negotiating better rates or AFAs with outside counsel

* Documentation of the where the LPO team added commercial value in a matter

* Tracking of the actual risks that were avoided

* Tracking the cost of internal legal resource against external hourly spend

* Regular reports to the business and/or board of directors

Going back to the aforementioned survey, most GCs believed their in-house legal teams were viewed as both legal counsel and strategic business partner. In fact only 19% reported that their in-house teams were seen purely as legal counsel. This demonstrates that GCs are being asked to play a greater strategic role in their organizations. It also reinforces the need for GCs to use metrics to prove value. As we approach mid-year, GCs will likely continue to search for new ways to heighten the efficiency of their departments, while working steadily to provide more value to their organizations as strategic partners.

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Measuring the Quality of Your Legal Team

When a new car rolls off the assembly line, every part on it has been checked, double-checked and checked again to make sure it meets the exact specifications and tolerances established by the automotive engineers who designed it. Car manufacturers know that in order to sell more cars, and remain profitable and competitive, they have to keep their quality up.

Now, measuring quality on your legal team isn’t quite as straightforward or engineering-oriented as measuring the specs and tolerances on engines and transmissions. After all, the legal profession is a service, not a product business. And the quality of service businesses is sometimes difficult to measure accurately.

The legal profession has always measured its value based on billable hours, rather than bottom-line results, and this also makes the quality of legal services difficult to determine. But even though it’s more difficult to determine – more ambiguous and subjective – art rather than science – nevertheless, it can be done.

So how do you evaluate the quality of your legal team? It’s not much different than those automotive engineers who sit down and design plans for how they want their cars to look when they finally roll off the assembly line.

You start by outlining the results or outcomes that you hope to achieve from a particular legal engagement, and then clearly communicating those outcomes to your legal team. You want good value for your money, so by defining your expectations and outcomes beforehand, you let your team know what you think is important and valuable in a legal engagement. So define what a successful engagement would look like to you. What results are you hoping to achieve? What are your expectations regarding your legal team? Try to be as specific as possible.

Rather than thinking in terms of win or lose, you may want to consider a range of possible outcomes, from best to worst case. Once you’ve decided on the results you’re looking for, break down the engagement by tasks, and try to estimate the number of hours required for each. You may want to assign areas of task accountability to specific members of the legal team.

On larger projects, you’ll want to set milestones, either in percentage of hours billed or engagement tasks completed, where you can measure ongoing engagement progress. Schedule periodic progress reports and reviews and build them into your engagement contract. When reviewing engagement progress, you’ll need to note any variances from original estimates and expectations and update your progress reports as needed to reflect any changes.

Review all monthly billing statements for accuracy, and you may want to enlist the help of an outside firm that specializes in managing legal financial reporting to assist you with all of the paperwork.

You should also insist on good customer service including:

 Timely notification of any engagement status changes

 Discussion of fees and scope of work before engagement is awarded

 Return phone calls and emails in a timely manner

 Accurate and timely monthly statements

 Specifying lawyers that you want handling your case

Follow these guidelines and you’ll not only have a cost-effective, low-maintenance and smooth-running legal engagement, but you’ll also have a high-powered legal team that’s firing on all cylinders for years to come.