J.D. Houvener, founder of of Bold IP, shares insight into how adding specialized Of Counsel attorneys can transform your law practice.
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He founded Bold IP with the mission to enable innovators to improve our world. It has grown to over 40 offices with world-class patent attorneys nationwide, ready to enable visionaries with top-quality patents, trade secrets, and more.
Adopting an Entrepreneurial Mindset
J.D. saw a need, and that gave him a very clear vision for the business he wanted to build
- Get out of the old way of thinking of your law firm that is a profession, rather than a business
- Be open to offering new areas of practice to better serve your clients
- Utilize technology to minimize overhead
- Referrals are the best marketing because they are highly qualified and have the best conversion rates
- Be curious and ask clients what projects they are working on as a way to spot opportunities for expanded legal services
Benefits of Adding Specialized Of Counsel to Your Law Practice
- Do more business
- Make more money
- Serve more people and make more of an impact
- You can have fun with it
- Fee split
- No overhead attached to it
- Value add for the client
- Gives you a multidisciplinary practice where you are seen as the expert
