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Nexus Law Group: And now for something completely different … (ep 20)
One of the things I enjoy most about my work is taking
complex ideas and processes and making them simple. Simplicity is exactly what
Marcus McCarthy has achieved with his business, Nexus Law Group. An elegantly
simple, yet entirely unique business model that is shaking up the legal profession.
Nexus
is one of the Australia’s most recognised and awarded NewLaw firms. It isn’t
just another lawyer network or chambers practice, but a tech-enabled business
ecosystem built on the concept of ‘collaboration as a business model’.
Nexus
taps into the challenges of isolation and inability to scale faced by sole
practitioners and enables lawyers to preserve independence as a mode of
practice while also connecting practitioners as an integrated and collaborative
collective. They do this by licencing the
Nexus brand to practitioners and providing all the backbone support needed to
practice law, enabling them to scale and leverage off others in the system.
Marcus
joins me on the Doing Law Differently podcast to give us an insider look at how
Nexus operates, including:
Here are the highlights:
3:17 Skip intro
3:38 How does Nexus work?
5:10 Finding the common ground between preserving the independence of lawyers but also connecting them together for a common aim
6:12 How to wash out competitive tension
8:40 I “connect specialists in their fields to other specialists in an ecosystem where they can effectively collaborate.”
9:55 How to break the silo mentality
12:30 Responding to the industry trend towards sole practice
14:10 Nexus’ open and transparent renumeration system, including metrics that capture referrals within the group
18:41 Practitioners get to choose their own pricing
19:41 Nexus’ custom-designed technology
21:46 Expert technology systems need to be connected to real world experts
The importance of multi-disciplinary advice with his business strategy
How do people join Nexus
Marcus’ advice for people who want to do law differently – get clear on why
Links
Life Club Retreat
The post Nexus Law Group: And now for something completely different … (ep 20) appeared first on Lucy Dickens.
View all episodes
By Lucy Dickens
5
55 ratings
One of the things I enjoy most about my work is taking
complex ideas and processes and making them simple. Simplicity is exactly what
Marcus McCarthy has achieved with his business, Nexus Law Group. An elegantly
simple, yet entirely unique business model that is shaking up the legal profession.
Nexus
is one of the Australia’s most recognised and awarded NewLaw firms. It isn’t
just another lawyer network or chambers practice, but a tech-enabled business
ecosystem built on the concept of ‘collaboration as a business model’.
Nexus
taps into the challenges of isolation and inability to scale faced by sole
practitioners and enables lawyers to preserve independence as a mode of
practice while also connecting practitioners as an integrated and collaborative
collective. They do this by licencing the
Nexus brand to practitioners and providing all the backbone support needed to
practice law, enabling them to scale and leverage off others in the system.
Marcus
joins me on the Doing Law Differently podcast to give us an insider look at how
Nexus operates, including:
Here are the highlights:
3:17 Skip intro
3:38 How does Nexus work?
5:10 Finding the common ground between preserving the independence of lawyers but also connecting them together for a common aim
6:12 How to wash out competitive tension
8:40 I “connect specialists in their fields to other specialists in an ecosystem where they can effectively collaborate.”
9:55 How to break the silo mentality
12:30 Responding to the industry trend towards sole practice
14:10 Nexus’ open and transparent renumeration system, including metrics that capture referrals within the group
18:41 Practitioners get to choose their own pricing
19:41 Nexus’ custom-designed technology
21:46 Expert technology systems need to be connected to real world experts
The importance of multi-disciplinary advice with his business strategy
How do people join Nexus
Marcus’ advice for people who want to do law differently – get clear on why
Links
Life Club Retreat
The post Nexus Law Group: And now for something completely different … (ep 20) appeared first on Lucy Dickens.
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