What Are Trust Accounts And Why Do Lawyers Have Them?
Table of Contents What are Trust Accounts? Who Can Have a Trust Account? Why Must Lawyers Have Trust Accounts? Advantages and Disadvantages of a Trust Account What Would Happen Without Trust Accounts? Things to Be Aware of While Dealing With a Professional That Holds a Trust Account FAQs Conclusion What is a Trust Account? A […]
Work-life balance for the modern lawyer
There are many self-help articles and books for every profession to assist with work-life balance, a trait that has never been more essential to service professionals like lawyers. There are many self-help articles and books for every profession to assist with work-life balance, a trait that has never been more essential to service professionals like […]
The multi-disciplinary lawyer: Why legal expertise isn’t enough
The conventional notion of what makes a successful, valuable lawyer has and continues to undergo a transformation. While it is still important to have legal expertise, this has become just the starting point for the profession as a whole and is in no way guaranteed a successful representation of clients and the community. With the […]
Embracing innovation: Nonlawyers should be allowed to own Ontario law firms
Alternative business structures for law firms were researched and debated back in 2014. Many lawyers were advocating to reform the current structural limitations of law firm ownership. Currently, law firms in Ontario can only be owned 100 per cent by licensed lawyers, but there was hope that the law society of Ontario (LSO) would provide […]
Revisiting the Ontario bar exam
The barrister and solicitor examinations in Ontario are ripe for reform. With the continuous influx and new generation of law students, I have found that the current examinations are not properly testing the competency levels of incoming students.been lawyers for some time looking for a career change. The current exam structure rewards groups of students […]
Salary Realities and Value Propositions for Lawyers
Much has been written about the influx of articling students and lack of requisite positions to fill, and solutions to assist such students with their placements and licensing. The bigger issue that I am seeing plaguing the legal labour market is related to the lack of education of lawyers relating to their salary expectations and […]
Seven Ways Technology is Revolutionizing Legal Practice
In the ever-evolving landscape of legal practice, technology has become a catalyst for change. This blog explores seven transformative ways in which technology is revolutionizing the field of law, from the digitization of documents to the rise of legal tech startups. Join us as we delve into the innovative advancements reshaping the legal industry and […]
Navigating the sale of your legal practice
The Law Society of Ontario has begun to mandate succession planning for lawyers. This makes sense as an initiative to provide clients with certainty for when a lawyer wishes to retire or passes away suddenly. I have heard many stories of clients who have phoned up their prior lawyer who was in possession of their […]
ChatGPT shines light on lawyers falling short of genuine value
In the ever-evolving landscape of artificial intelligence (AI), ChatGPT has emerged as a powerful language model capable of understanding and generating human-like text. While its capabilities are impressive, (I used it to write the opening sentence and title), I don’t believe that it will be replacing legal professionals. It used to be that a lawyer […]