• 34 posts
    December 7, 2022 7:40 AM EST

    The concept of providing Virtual Legal Services has increased by leaps and bounds in the last decade. With the world becoming a global yet local market due to the high-speed internet services and various calling and video conferencing applications, this growing trend has influenced the business models of the law firm to a great extent.

    Profitability, cost-effectiveness, and product efficiency are the three main pillars of opting for virtual legal outsourcing. The traditional business models based on hourly billing rates and the pyramidal structure with many associates and few partners must be reconsidered when product efficiency is the primary goal to be attained in the course of a company. As a result of one such attempt to alter the conventional business paradigm, virtual law firms emerged. A virtual law firm typically serves clients remotely. 

  • December 7, 2022 8:46 AM EST

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