In my most recent post, I explained how the pandemic is shining a light on a key differentiator of our firm–geographic arbitrage. The big winners of geographic arbitrage are corporate general counsel, who get access to highly credentialed and experienced lawyers at a bottom-line-friendly price, and the talented law firm attorney who is looking for more buying power in a smaller community while enjoying the lower-stress and higher quality of life that the community has to offer.
Two weeks ago my colleague and firm-founder, Mike Hilgers, published a blog post about geographic arbitrage in the legal services industry. As that post explains, geo-arbitrage is when a business strategically locates its offices and operations in cities with more affordable real estate and lower costs of doing business. Since geo-arbitrage has a lot to do with why I now live and practice in Lincoln, Nebraska, I want to give you one associate’s perspective on the virtues and advantages of this innovative business model.
A sea change is occurring in the world of legal services, driven by technological innovation and accelerated by the scourge of the COVID-19 pandemic.
The good news is that document review can be done remotely. But be careful to make sure your document review provider is equipped to handle this kind of work. Here are four questions to ask your provider.