The Polestar Podcast by VELA Wealth: Innovative Legal Systems with Digby Leigh
Welcome to this month's article of Let’s Be Frank, a monthly newsletter series hosted on LinkedIn and authored by our founder Digby. If you are interested in following along pop over to the Let’s Be Frank LinkedIn page here and hit the subscribe button to have these articles sent straight to your inbox.
I recently had the pleasure of speaking on the latest episode of the Polestar Podcast by VELA Wealth, with host Jason Boudreau on the subject of innovative legal systems. We spoke about the challenges in the current legal system and explored solutions we have initiated that put clients first, providing price certainty by switching away from the standard hourly model and implementing an alternative fee structure.
I also had an opportunity to give a shout out to Moores, a law firm in Australia that was inspirational in sending me on the non-billable hour journey.
While talking with Jason, I got to tell the full story of Digby Leigh & Co.’s move away from the hourly billing model; accordingly I wanted to share this podcast with you.
Click here to listen.
Podcast Highlights:
The journey.
The history and quest to revolutionize efficiency and pricing structures in the legal industry.
The creation of the “Frank Fee” model – a step away from the traditional hourly legal pricing model.
How the Frank Fee model has built confidence and transparency for clients that are looking for legal services.
The AltFee platform’s evolution and its transformative impact on digital pricing models in the global legal industry.
AltFee’s victory in the start-up tech award at the Legal Tech Conference, one of the largest conferences in the United States hosted by the American Bar Association, marks a significant milestone for this innovative idea.
Until Next Time,
