Just over 8 years ago, I made the significant decision to shut down my solo practice and join FisherBroyles, LLP as a partner. Though we ultimately parted ways based on our diverging client bases, I remain a big fan of the distributed law firm model pioneered by Kevin Broyles and James Fisher which I have largely incorporated into Parlatore Law Group with a few tweaks.
The cloud-based or distributed law firm model removes all the unnecessary overhead and expenses associated with traditional brick-and-mortar firms to significantly reduce the cost to clients, while also increasing the percentage of revenue that goes to compensate the individual attorneys. The clients pay less while the attorneys take home more and the only entities who lose out are the commercial landlords.
As discussed in this article, we use a sliding scale compensation structure, which allows our attorneys to keep an even higher percentage of their revenue as they hit certain wickets throughout the year, maxing out at 95%. We also serve an entirely different client base from FisherBroyles, focusing on individual clients, entrepreneurs and growing businesses.