Do your clients consider you
the expert on all matters?
Imagine you're busy drafting a Commercial Service Agreement and a client contacts you about an issue outside of your comfort zone. Although your expertise is within Commercial law, they're considering filing Chapter 11 and want to know the risks associated with doing so. Unfortunately, this isn't something you immediately know the answer to.
How do you respond?
- I don't know.
- Let me refer you to an attorney who specializes in bankruptcy.
- I can help you with that.
Chances are you want to generally be perceived as the "expert" in most areas. Your clients see you that way. You're their main point of contact when it comes to legal issues. You're their lawyer and they're simply looking for legal advice. How do you intelligently respond and retain your expert status without admitting you don't know the answer or having to refer them to someone else?
Practical Law expands your knowledge
"Clients expect 100% perfection from their lawyers and expect everything to be done yesterday." 1 Practical Law allows you to quickly and confidently respond with, "I can help you with that." It gives you immediate access to the most up-to-date material, not just within your Commercial practice, but also within Bankruptcy, Litigation, Corporate, Finance, Labor & Employment, and all other areas that might not be an area you specialize in. Confidence and expanded legal know-how will attract and retain your clients.
85% of Am Law 200 firms, 2,000+ corporate law departments, and countless attorneys in government, midsize, and smaller law practices – use Practical Law know-how to practice more efficiently and add more value for clients.
So what type of information do you get with Practical Law?
Time is money – particularly as a solo or small law firm. Instead of having to take valuable time researching and dissecting information to provide clients with an overview of Chapter 11, you have immediate access to over 230 attorneys who provide plain-English guidance within Practical Law. Practice Notes and standard documents and clauses are considered the top two most useful areas within Practical Law. 94% of Practical Law users access the "core" resources: Practice Notes and document templates.2
So, how do you help your client with their Chapter 11 question?
See an example of what information you'll have at your fingertips with Practical Law. Check out bankruptcy's most downloaded document: Bankruptcy: Overview of the Chapter 11 Process. This Practice Note describes the various types of Chapter 11 cases; the powers, protections, and advantages of Chapter 11; the disadvantages of Chapter 11; and the administrative and business stages of a typical Chapter 11 case. It's more than enough information for you to be able to quickly and intelligently provide your clients with what they need to know to take the next steps – even if you decide it's best to hand it to a proper bankruptcy attorney. After all, as the expert, you should be able to provide them with the guidance they need.
Get the Bankruptcy Practice Note Now!
1 Are Today's Legal Clients More Demanding ... Or Is It Just That Lawyers Haven't Kept Pace?, Carolyn Elefant, Practice of Law, November 1, 2016.
2 Practical Law Subscriber Survey Report, Thomson Reuters, May 2016.