At first glance, Fulton Jeang's trademark "THE MATH IS MATHING" might sound puzzling for legal services, but for a modern business law firm, it provides an insight into Fulton Jeang's business model and operating philosophy. This slogan underscores the benefits for both clients and attorneys within this virtual law firm platform, focusing on two key areas: flexible billing arrangements for clients and financial empowerment for lawyers.
Flexible Billing Models for Clients
In the traditional legal world, clients are often billed by the hour, leading to unpredictable and sometimes exorbitant costs. Fulton Jeang, however, flips the script by offering alternative fee structures that make the "math" work for clients. Whether through fixed fees, flat fees, subscription services, or lower billing rates facilitated by a virtual platform, clients benefit from transparency and flexibility in their legal costs. This flexibility means that they can budget more effectively, knowing their costs upfront without the surprises of hourly billing.
Financial Incentives for Attorneys
The second way "the math is mathing" is internal to the firm's business model. Unlike traditional law firms where attorneys may only pocket a small portion of their billings, this firm’s compensation structure allows its lawyers to keep a significantly larger share of the revenue they generate. Thanks to the virtual model, overhead costs are minimized, leading to higher earnings for each firm member. Additionally, attorneys receive financial incentives for business development efforts and origination, further boosting their income. This model not only rewards productivity but also fosters a culture of entrepreneurial spirit within the firm.
In essence, the sentiment behind “THE MATH IS MATHING” reflects a win-win approach that champions the firm's clients and attorneys. Clients get more predictable and often lower fees, while attorneys enjoy higher financial returns for their work. The result is a modern, efficient, and financially savvy legal practice.
Contact us at wjeang@fultonjeang.com to inquire more about our firm.
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