Any fee-sharing solicitors here?

Any fee-sharing solicitors here?

Author
Discussion

Simbu

Original Poster:

1,848 posts

187 months

Thursday 14th November 2024
quotequote all
My wife is being made redundant from her firm and we're giving serious consideration to a fee sharing arrangement for her next job. It's potentially better pay and flexibility instead of working for a traditional firm.

Our main concern is quality of secretarial support for her niche area of law (public children law) and flexibility around other part-time professional commitments. She will want to work 3.5 days a week on average.

We also need to investigate what costs would fall to her instead of a firm, with this arrangement (practicing certificate, costs draughtsman, etc)

Interested to hear if anyone's worked in or with these types of firms and your experiences!

Thanks!

TownIdiot

3,326 posts

12 months

Thursday 14th November 2024
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Does she have her own source of clients ?

Simbu

Original Poster:

1,848 posts

187 months

Thursday 14th November 2024
quotequote all
TownIdiot said:
Does she have her own source of clients ?
Yes. She's been responsible for sourcing all her own work for years.

TownIdiot

3,326 posts

12 months

Thursday 14th November 2024
quotequote all
Simbu said:
Yes. She's been responsible for sourcing all her own work for years.
I'd expect she'd get roughly 50/50 then


If she has her own source of work it really might be worth getting her own support

SydneyBridge

9,947 posts

171 months

Monday 18th November 2024
quotequote all
Seems bonkers to make her redundant if she brings in her own work

chazd

206 posts

191 months

Thursday 12th December 2024
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I run my firm on a fee sharing basis - all the solicitors are consultants working on a profit sharing basis (agreed with the individual based on some personal circumstances when joining)

The freedom and flexibility is appreciated by all. They do not pay for anything and have no liabilities. If they want admin staff that would be at their cost, but PII, case management, IT, stationery, advertising etc is all covered by my firm.

ShortShift811

558 posts

155 months

Friday 13th December 2024
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Hi Simbu - I work on behalf of lots of law firms and know a few that run fee share businesses. Sure one or two would be happy to have a chat with you / Mrs Simbu without any obligation. Drop me a DM if you want putting in touch.

Jasandjules

70,896 posts

242 months

Sunday 15th December 2024
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I work for one, the owner is a lovely bloke. Let me know if you want to know more....