European Scientific Journal, ESJ ISSN: 1857 -7881 (Print ...
Innovating cl esj
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Legal Insurance and “Managed Legal
Care”Opportunities and Threats for
Small Firms and SolosShaun G. Jamison
Shaun G. Jamison
What is “Legal Insurance?”
Monthly $ = Access to Defined Legal Services
Legal Service Plans (LSP)
Typical Included Services
Services Offered at Discount
Brief Consult with Lawyer
Letter Written by Lawyer
Simple Will Contract Review Residential Purchase
Agreement
Bankruptcy Divorce Post Divorce Criminal Defense Complex Estate
Planning
Shaun G. Jamison
Shaun G. Jamison
Who Makes LSPs Available?
Shaun G. Jamison
Survey Says!
Arag27%
Hyatt Legal Plans27%
Legal Club of America8%
Legal Services Network (AARP/ALLSTATE)
4%
Pre-Paid Legal19%
CLC8%
Montgomery Wards4%
American Postal Workers Union4%
Shaun G. Jamison,
Plans MN Attorneys Service
Gain Clients at Low Pay
Shaun G. Jamison,
Bottom Line
Shaun G. Jamison,
Recommend LSP to Attorneys?
Shaun G. Jamison
Recommend Subscribing to a LSP to a Friend?
Shaun G. Jamison,
Where Do I Find Out More?
Differentiate – Personal Relationship Rather Than Random
Subscription Services Free Check Ups Newsletters for Current Clients Client Only Areas on Websites Streamline Client Interaction & Processes
Shaun G. Jamison
How Do I Compete?
Monthly Fee for Property Managers -Friedman & Ranzenhofer: $399 for Gold Plan
(3 Hours) and $599 for Platinum (5 hours)
Monthly Business Retainer - Furnari Scher: 10-20% discount on pre-paid fees.
Shaun G. Jamison,
Examples
No major change based on current practice, however LegalZoom announced a partnership with attorneys which may destabilize…
Shaun G. Jamison,
Prediction
Firms with excess capacity should carefully investigate particular plans and weigh LSPs against other low fee opportunities.
Shaun G. Jamison,
Recommendation