Law firms tinkering as business model under stress
Law firms continue to grapple with finding new ways to mesh their traditional, if rapidly outmoded, business model with client pressures to control fees.
Most recently, Fasken Martineau DuMoulin LLP came up with a service package for incubators and groups of angel investors. Its startup program gives entrepreneurs two hours of monthly meetings with lawyers to discuss basic business issues for about $2,000 a year. It gives Faskens an early lead on companies with good growth potential with possibly higher fees down the road.