JOIN FOUNDERS LEGAL ®
Advance Your Legal Career on Your Own Terms with Founders Legal
YOU ARE A TRAILBLAZER.
You have worked hard to establish yourself as a top-tier legal professional. You are well-respected by colleagues. Your clients acclaim you because you meet their needs at every turn.
You know you have much more potential, but where do you go from here? If you are in an unaligned environment with the way you want to practice, you may find your growth trajectory stifled. Isn’t it time to take your practice to the next level and realize the fruits of your labor?
We know first-hand that the atmosphere and structure of a law firm can play into the barriers of professional growth. That is why we started Founders Legal. We are a tech-forward, like-minded team of attorneys who think differently.
Setup for success
We have thought this through and spent years building out what attorneys really need, so you don’t have to. At a glance, see what Founders Legal can provide you that others cannot.
|
|
Founders Legal |
Large
|
Solo/Small
|
|---|---|---|---|
|
Transparent Compensation Model
|
✔️ | ✔️ | |
|
Low Overhead
|
✔️ | ||
|
Sophisticated, Powerful Back-end Technology
|
✔️ | ✔️ | |
|
Matter Ownership, Origination, and Delegation Rights
|
✔️ | ✔️ | |
|
Efficient Processes for Serving Clients
|
✔️ | ||
|
Top-notch Administrative and Back-Office Support
|
✔️ | ✔️ | |
|
Control Over Your Work Style and Work Hours
|
✔️ | ✔️ | |
|
Control Over the Clients Your Work With
|
✔️ | ✔️ | |
|
Ability to Delegate Projects to Trained Professionals
|
✔️ | ✔️ | |
|
Ability to Set Your Hourly & Project Rates
|
✔️ | ✔️ | |
|
Flexibility in Location and Environment
|
✔️ | ✔️ | |
|
On-call IT Support
|
✔️ | ✔️ |
YOU CAN RELY ON THE RESOURCES CULTIVATED BY FOUNDERS LEGAL®
ADMINISTRATIVE SUPPORT
Communication, attention-to-detail, and responsiveness are just a few of the top qualities that make up our top-notch administrative team.
EFFICIENT BILLING AND COLLECTIONS
Spend your time practicing law and less on chasing payments. Our top-notch administrative team takes over the billings and collections processes so that your invoices and collections are streamlined and paid in a timely fashion.
DEDICATED IN-HOUSE MARKETING
We will help you spread your message and gain new clients. From ads to articles and video production, our in-house marketing can help you share your message through various channels and formats.
HUMAN RESOURCES SUPPORT
When you are ready to expand your team, we can help you source and manage your staff.
Keep More of What You Earn
We have fine-tuned our system and knocked back the bulky overhead. Our attorneys keep more of what they earn, spend less time managing the administrative tasks, and get to stay focused on what is most important in their business.
Below is a breakdown of the average industry rates and key components that directly affect your take-home.
GET TO THE NUMBER YOU CARE ABOUT
Potential take home earnings based on a $450 hourly rate and industry data. Click “View the Full Financial Breakdown” below for details.
Founders Legal |
Large
Firms |
Solo/Small
Practices |
|
|---|---|---|---|
|
Take Home:
|
$458,423
|
$295,195
|
$98,233
|
Founders Legal data based on internal records for 2020 and 2021. Solo/Small Practice and Large Firm data based on available industry trends and reports.
Founders Legal |
Large
Firms |
Solo/Small
Practices |
|
|---|---|---|---|
|
Average Hours (weekly):
|
50
|
50
|
50
|
|
Average Billable Hours (weekly):
|
39
|
4413
|
12.512
|
|
Work Weeks:
|
49
|
49
|
49
|
|
Billable Hours (annually):
|
1,911
|
2,156
|
612.5
|
|
Hourly Rate:
|
$450
|
$450
|
$450
|
|
Average Billed Realization Rate:
|
90.2%
|
84.8%10
|
81%12
|
|
Amount Billed:
|
$859,950
|
$970,200
|
$275,625
|
|
Average Collection Rate:
|
98.5%
|
92%17
|
88%1
|
|
Amount Collected:
|
$775,675
|
$822,730
|
$23,256
|
|
Overhead:
|
40% Maximum
|
61%21
|
45 – 55%2
|
|
Take Home:
|
$458,424
|
$295,195
|
$98,233
|
Consider the ACTUAL costs of going solo…
In a recent study, 66% of solo practitioners indicated concern regarding the success of their practice, while 47% indicated concern about making a living. If you are weighing the options of staying or going solo, consider the costs and opportunity costs involved.11
Click below to see our findings of the estimated costs involved in running a solo practice.
|
Operational & Administrative
|
|
|
Bookkeeper
|
Part-time: $400 – $800 / month
Full-time: $3,000 – $4,500 / month
Outsourced: $500 – $2,500 / month8
|
|
Administrator/Paralegal
|
15 Hours: $635 / month
30 Hours: $1,180 / month
50 Hours: $1,880 / month19
Fulltime: $54,44014
|
|
IT Support
|
Self-managed IT Services: $40,000 / year
Outsourced IT Services: $1,000 – $1,500 / month20
|
|
Marketing and Brand Awareness
|
|
|
Web Development
|
$6 – $50 / month4
|
|
Advertising
|
5% of Sales Revenue9
|
|
Social Media Management
|
$300 – $500 / month3
|
|
Insurance
|
|
|
BOP/CGLI
|
$2,000 / year (estimated)
|
|
Professional E&O
|
$3,000 – $10,000 / year (estimated)
|
|
Cyber Liability
|
$1,000 – $2,000 / year (estimated)
|
|
Technology & IT Infrastructure
|
|
|
CRM & Matter Management
|
$35 – $125 / month per user5
|
|
Document Management
|
$15 / month per user15
|
|
Email Provider
|
$6 – $18 / month per user6
|
|
Phone System/VOIP
|
$20 / month per user18
|
|
Call Receptionist Service
|
$94 – $684 / month16
|
|
E-Signature Service
|
$10 – $40 / month7
|
|
Estimated Actual Costs
(Estimate does not include 5% revenue budgeted for marketing and advertising) |
$36,252 – $155,424
|
|
Opportunity Costs
|
|
|
Business Development, Networking, Building and Implementing Processes and Procedures, Administrative Tasks
|
37.5 non-billable hours / week
|
|
Estimated Opportunity Costs
|
$694,575 lost revenue
|
Enjoy the work you do
Enjoy who you work with
Our team members are genuinely awesome people and we want to keep it that way. We take pride in having some of the best and brightest attorneys, but they’re also amazing people. As a part of our firm, you will be surrounded by interesting people that you genuinely enjoy working with.
Our attorneys are passionate about their clients, and their diverse skill sets bring out the best in any project they touch. We welcome and encourage all manner of diversity in our midst because we truly believe that different backgrounds, views, and experiences enhance the quality of our team and the quality of the work we do.
BE PROUD OF THE CLIENTS YOU REPRESENT
Working with clients you like makes a difference. Representing good people who you connect with is more fulfilling and leads to better results for you and your clients in the long term. At Founders Legal, you have the ultimate choice over the clients you engage, the projects you undertake, and the relationships you maintain.
BENEFIT FROM YOUR COLLEAGUES’ SPECIALIZED KNOWLEDGE
One of the key benefits of working with a team is access to specialized knowledge, support, and help with your projects when you need it. At Founders Legal, you have access to highly-specialized and knowledgeable attorneys while maintaining full control over how you enlist various team members to help service your clients’ projects.
TAKE CONTROL OF HOW YOU WORK
One size does not fit all. People have different career goals, work styles, family obligations, and personal situations. Unlike many firms in the industry, at Founders Legal we do not force attorneys who work with us into a cookie-cutter mold. We believe that a flexible work environment and workload allows for the most success in balancing and fulfilling your projects and obligations.
STAY AT THE FOREFRONT OF YOUR INDUSTRY
If you are fascinated by new technology and are passionate about spearheading the direction of the legal industry, you will fit right in. At Founders Legal, we are not held back by the old ways of thinking and do not believe you should be either. We pride ourselves on being a progressive firm that embraces innovation – from the unique clients we serve to the technologies and processes we develop and implement to stay ahead of the legal industry. Join us on this journey.
THE IMPORTANT DETAILS
If you identify with these traits, you will fit right in:
- Motivation: You are driven, entrepreneurial, and have a desire to build something of your own in a big, bold way.
- Attitude: You have a positive, forward-thinking attitude.
- Leadership: You stand out in your area of expertise as a thought leader and a doer.
- Adaptability: You like new technology and embrace change in what you do.
- Delegation: You bring people together to get the job done while cultivating a positive, respectful, and efficient team environment.
We value our brand and the quality of work we offer our clients. While we always welcome new opportunities for expansion outside of our current areas of expertise, it has to be done the right way and under the right circumstances.
- Grow an existing firm practice: Expand upon one of our established practices within Intellectual Property, Corporate Transactional Law, or Data Privacy.
- Offer a specialized approach: Offer a specialized focus in patents, trademarks, copyrights, entertainment law, mergers & acquisitions, general business transactions, software and technology law.
- Trailblaze a complementary practice: Create value and spearhead a new, complementary practice area to our firm. Potential practice areas may include, for example: commercial real estate, construction law, labor and employment, commercial litigation, IP litigation, and tax law.
Consider this your chance to take the reigns. You may be a senior associate at a medium or large firm, with your own clients, but without the respect and independence that you deserve. You may be a senior associate or a partner at a smaller firm, looking for a forward-thinking team to take you to the next level. You may be a solo practitioner who is tired of the crushing administrative burden and could benefit from the right support to build upon what you have already created.
The ideal person to join our team has a book of business that they are looking to grow and expand. We can help you grow your legal career on your own terms.
Anywhere.
As long as you have an active bar license in the states (where you may need one), we provide you the freedom to work wherever you can succeed. Our firm’s cloud-based technology platform and distributed team can support you from any office location, city, or state.
Start A conversation with us
Schedule a call below with one of our partners to learn more about
how this opportunity can take your practice to the next level.
how this opportunity can take your practice to the next level.
Where did we compile our industry data from?
Here are the Resources:
-
2020 Legal Trends Report. Clio. (2020, August). Retrieved November 3, 2021, from https://www.clio.com/wp-content/uploads/2020/08/2020-Legal-Trends-Report.pdf.
-
Barnes, H. (2021, May 20). Overhead ratios of a law firm. LawCrossing.com. Retrieved November 3, 2021, from https://www.lawcrossing.com/article/900010148/Overhead-Ratios-of-a-Law-Firm/.
-
Barraclough, D. (2021, July 29). Social Media Management Pricing 2021: What are the costs? Expert Market US. Retrieved November 3, 2021, from https://www.expertmarket.com/social-media-marketing/social-media-management-pricing.
-
Carney, L. (2021, October 4). How much does a website cost in 2021? (full breakdown). Website Builder Expert. Retrieved November 3, 2021, from https://www.websitebuilderexpert.com/building-websites/how-much-should-a-website-cost/.
-
Clio Cost & Pricing. Clio. (2021, October 26). Retrieved November 3, 2021, from https://www.clio.com/pricing/.
-
Compare flexible pricing | google workspace (formerly G Suite). Google. (n.d.). Retrieved November 3, 2021, from https://workspace.google.com/pricing.html.
-
ESIGNATURE plans and pricing. DocuSign. (2021, October 4). Retrieved November 3, 2021, from https://www.docusign.com/products-and-pricing.
-
How much do bookkeeping services for small businesses cost? Bookkeeping, Accounting & Controllers for Businesses and Nonprofits. (n.d.). Retrieved November 3, 2021, from https://www.growthforce.com/blog/how-much-bookkeeping-services-cost-small-businesses.
-
How much should you be spending on marketing? Nuphoriq. (2019, December 12). Retrieved November 3, 2021, from https://nuphoriq.com/create-a-marketing-budget/.
-
Josten, W. (2021, August 4). Law firm billing in a crisis: No time for a free-for-all. Thomson Reuters Institute. Retrieved November 3, 2021, from https://www.thomsonreuters.com/en-us/posts/legal/crisis-billing-no-free-for-all/.
-
Legal Trends for Solo Law Firms. Clio. (2021, February 22). Retrieved November 3, 2021, from https://www.clio.com/resources/legal-trends/2021-solo-report/read-online/.
-
Miki, S. (2021, October 4). 10 tips to improve law firm profitability. Clio. Retrieved November 3, 2021, from https://www.clio.com/blog/law-firm-profitability/.
-
Palmer, J., & Ouyang, L. (2021, June 28). Analysis: Survey finds lawyer burnout rising, well-being falling. news.bloomberglaw.com. Retrieved November 3, 2021, from https://news.bloomberglaw.com/business-and-practice/analysis-survey-finds-lawyer-burnout-rising-well-being-falling.
-
Paralegal salary by state: All Criminal Justices Schools. All Criminal Justice Schools. (2021, July 1). Retrieved November 3, 2021, from https://www.allcriminaljusticeschools.com/legal-and-paralegal/paralegal-salary-by-state/.
-
Plans and pricing. Box. (2016, March 21). Retrieved November 3, 2021, from https://www.box.com/pricing.
-
Posh virtual receptionist pricing: Cost of a virtual receptionist. Posh Virtual Receptionists. (2021, August 10). Retrieved November 3, 2021, from https://posh.com/pricing/#pricing-section.
-
Strom, R. (2019, September 19). Big law is humming, but collections keep tumbling. news.bloomberglaw.com. Retrieved November 3, 2021, from https://news.bloomberglaw.com/us-law-week/big-law-is-humming-but-collections-keep-tumbling.
-
Turner, J. (2021, July 27). How much does VoIP cost?: Compare pricing plans. Tech.co. Retrieved November 3, 2021, from https://tech.co/business-phone-systems/voip-cost-price-breakdown.
-
Virtual paralegals and legal secretaries plans and pricing … (n.d.). Retrieved November 3, 2021, from https://www.equivityva.com/paralegal-pricing/.
-
What does tech support for small business needs cost? The AME Group. (2020, December 22). Retrieved November 3, 2021, from https://www.theamegroup.com/what-does-tech-support-for-small-business-needs-cost/.
-
Why your law firm isn’t anywhere near as profitable as you think. Yahoo! Finance. (2017, October 7). Retrieved November 3, 2021, from https://finance.yahoo.com/news/why-law-firm-isn-apos-051405311.html.
