Long working hours are a way of life for veteran lawyers and a way of life for new recruits. But those hours don’t always translate into revenue.
Indeed, while large firms absorb research and other labour intensive work by delegating to junior associates, smaller practices don’t have that luxury. Lawyers in small firms and sole practice often can’t justify charging full rates for such tasks. Hours of research simply gets written off.
Stephen Taran, president of Taran Virtual Associates, offers these firms a creative solution. Though his legal outsourcing network, he matches project lawyers with firms on a flexible assignment-by-assignment basis.
Written by Alison Huges
Published in Business London Magazine – May 2004