Doing Law Differently

Nexus Law Group: And now for something completely different … (ep 20)


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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:

  • strategies they adopt to encourage collaboration and break the silo mentality;
  • explanation of Nexus’ open and transparent remuneration system, including metrics used to capture referrals within the group;
  • an overview of Nexus’ approach to technology, being the need for end-to-end solutions to overcome platform fatigue.
  • 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

    • Subscribe to Doing Law Differently on Apple Podcasts, Google Podcasts or Spotify 
    • Happy Lawyer Happy
    • Life Club Retreat
    • Connect with me on LinkedIn
    • Are you keen to share how you’re Doing Law Differently? Get in touch here. 
    • The post Nexus Law Group: And now for something completely different … (ep 20) appeared first on Lucy Dickens.

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