Hi and welcome to my Youtube channel. I am a Trainee Solicitor living in London. Today I’m helping you understand how law firms work as businesses, a crucial topic to understand if you want to become a solicitor!

☆ RECOMMENDED BOOK ☆
Tomorrow’s Lawyers: https://amzn.to/3nk195O

☆ TIMESTAMPS ☆
00:00 Intro
00:38 Why we need to understand this
01:37 Disclaimer
01:52 Book recommendation: Tomorrow’s Lawyers
02:26 Law firms as businesses
02:58 Hourly rates
04:46 More for less challenge
05:10 Alternatives to the hourly rate
06:15 Expenses of a firm
07:11 𝗘𝗫𝗔𝗠𝗣𝗟𝗘 𝗔𝗣𝗣𝗟𝗜𝗖𝗔𝗧𝗜𝗢𝗡 𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡
07:39 Covid-19: Reducing costs and investing
10:16 Attracting and retaining talent
14:09 Expand business streams
16:58 Outro

☆ FOLLOW ME ☆
Instagram: https://www.instagram.com/shannontong17/

SONG: Mug – Lukrembo (https://soundcloud.com/lukrembo/mug)

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