Biglaw Late to the Law Template Party
Via the LawSites website, I realized that biglaw organization Wilson Sonsini’s subsidiary SixFifty just released a market wherever corporations can buy document templates on an ala carte foundation. If the strategy appears familiar, which is due to the fact it is: solo and modest law corporations have been promoting templates for decades now as a 2nd stream of income to, relying on out of the box platforms like Kajabi, Gumroad or Shopify to create an online stage of sale.
Here are just a quick sampling of lawyers who sell templates online:
And of course, yours definitely, with http://www.myshingle.com/the-lawful-clauseit (templates for law firms).
Here’s the magic of the template product: it’s a authorized info merchandise and not lawful assistance/observe of law. So Abracadabra – no UPL! No IOLTA. Attorneys can use referral and affiliate service fees to promote and provide their goods subject to FTC disclosures! And whilst a authorized template prices fewer than a bespoke document, you can promote them at scale, producing a source of passive profits.
It stays to be witnessed whether other large companies will be a part of 650 in this marketplace journey. But with today’s engineering, solos and smalls can carry on to compete in this house with biglaw as we constantly have.
