Did you know that you can make money with your retainer contract?
That is, unless you are using any of those outdated, eight-page volumes full of legal entities that customers cannot understand.
Or one of those outdated forms from a retired attorney that still refers to fax machines and secretary billing rates.
Here is the problem. There are many ways lawyers can make more money. They can outsource their work or communicate with customers via a time-saving online portal or accept referral fees or even advise customers who want a third party to pay the bill.
But here’s the sad truth: you can only avail these options if your retention agreement has explicit terms that it will disclose or explain to customers.
You won’t find these clauses in form-bar association templates because many bars don’t care if lawyers make money. And you won’t find such clauses in general online small business template agreements because they fail to address the ethical obligations demanded by lawyers.
The launch of Legal ClauseIt is still ten days away. However, if you’d like a sneak peek in the meantime, register for the Clause A Day offer. If you sign up every day, you will get one of the following clauses to use, plus a huge discount on the Legal ClauseIt product once it is launched. If you sign up today, you might be one of ten lucky attorneys selected to receive a FREE copy of LegalClauseIt in return for an honest review.
Here are the daily clauses you will receive:
Day 1: The clause that refreshes – Update your retention agreement to a 21st century with a clause that customers only need to communicate with you through a customer portal.
Day 2: Do not close the door to a third party payer: Customer can’t pay the bill? Maybe a relative or friend will agree, and that’s fine as long as you include this clause in your agreement with your client.
Day 3: Client termination clause only: You don’t need a reason to quit a customer, but having the foundation for it in a retention agreement can become a lot easier when you get to that point.
Day 4: Clause & Effect: Have you just secured a lucrative transfer fee? Congratulation! As a result, you now need to make sure that the fee is communicated to the customer. Here is a clause to help you ensure that the transfer fee takes effect.
Day 5: Don’t be so close to me: Customers can expect you to do 100 percent of the work on their business once they’ve signed the contract. However, if you want to grow your business and balance the workload, you need to delegate. Here is a clause to use when you want to keep clients from relying only on you.
Fill out the form below to sign up and have a daily clause sent to your email and receive a free copy: