Chad Dudley and Gabriel Stiritz, CEO of
Lexamica, discuss the importance of referral partnerships for law firms. They
discuss how law firms often receive a high volume of calls for cases they don't
handle, and by referring these cases to trusted attorneys, they can provide a
better client experience and generate additional revenue. Stiritz emphasizes
the need for effective communication and evaluation of referral partners to
ensure successful and ethical co-counsel relationships. The conversation also highlights
the potential for firms to recover a significant portion of their advertising
budget through referral fees.