By using the LawSites site, I realized that biglaw company Wilson Sonsini’s subsidiary SixFifty just introduced a market the place businesses can invest in document templates on an ala carte foundation. If the idea appears familiar, that is simply because it is: solo and little law companies have been advertising templates for several years now as a second stream of earnings to, relying on out of the box platforms like Kajabi, Gumroad or Shopify to make an on line level of sale.
In this article are just a quick sampling of lawyers who provide templates online:
And of course, yours definitely, with http://www.myshingle.com/the-lawful-clauseit (templates for legislation companies).
Here’s the magic of the template design: it is a authorized details product and not authorized assistance/practice of regulation. So Abracadabra – no UPL! No IOLTA. Attorneys can use referral and affiliate costs to boost and market their solutions subject to FTC disclosures! And whilst a authorized template expenses fewer than a bespoke doc, you can sell them at scale, making a supply of passive earnings.
It stays to be found irrespective of whether other massive corporations will join 650 in this market experience. But with today’s technological know-how, solos and smalls can carry on to compete in this room with biglaw as we usually have.