Should You Join LBRID As an Independent Consultant?
If you are considering joining the Law Society of Lower Claims as an independent consultant, you need to ask yourself a few questions before you begin your work with LBRID. Firstly, is it relevant to me that I am an independent consultant? Will I be paid for this? Once you have answered these questions then you are ready to begin your research into what is needed to become a LBRID consultant.
As an independent consultant you will be responsible for finding ways in which a client’s business can be maximised through the legal system and keeping abreast of all changes to the law. It would be up to you to keep current with all the regulations and rules governing this profession so that you would know when it is appropriate for you to offer your services. Are there any specialties that you could offer? What other skills do I have that would make me useful in this environment?
You should be able to assess a client’s business in a holistic way. This would involve an assessment of the client’s needs, their current position in the market and what they hope to achieve in the future. In order to provide the best service possible, your services would have to be current and comprehensive. You should be able to analyse the client’s business in terms of its complexity and what changes need to be made to the law in order for it to operate more efficiently. You should be able to provide the best possible legal advice on a case by case basis, taking account of the client’s unique circumstances. For instance, if the client is entering into a complex contract, you should be able to advise them on the implications of the contract and advise them as to whether they should opt for a limited or a non-recourse option.
There are many areas where you can specialise within the field of law. You may wish to join LBRID in order to specialise in commercial law. If you specialise in business law, you will have more clients approaching you would therefore be able to earn a larger income from working fewer hours. There are several different ways in which you can make money from working as a LBRID consultant. Some of these include being a member of a business networking company such as the Business Networking International (BNI) who will pay you a percentage of any fees that you earn and also paying you a percentage of any turnover that your firm achieves during a fixed period of time.
Some consultants will receive a payment each month, which would be based on the number of hours they spend working on a case. The LBRID payment would usually depend on the number of hours spent on a client’s case. Another way in which you could make money from a consultancy is to take on one or two clients as a private case, whereby you would only get paid if you win the case and the settlement amount was greater than the initial engagement fee you received.
Another way in which you can make money by working as a LBRID is to work for a larger law firm as an associate attorney. As an associate attorney you will be performing clerical and administrative tasks, but you will not be performing any case work. Therefore, an LBRID will not be required to report to a boss and there will be no requirement for you to wear any type of uniform. You may also be working in a more casual environment, for instance, taking on case jobs through an agency or becoming a freelance writer. If you have a good academic history and some experience working as a legal secretary to attorneys, you may be able to land a position as an associate in a large law firm.