Nico Beedle, cofounder of Merali Beedle, a boutique law firm established in 2016, emphasizes the unique fee-share model that incentivizes lawyers while allowing them to control their caseload. Unlike traditional firms, where profits are concentrated at the top, Merali Beedle allows senior lawyers to keep 75% of their billings. Beedle, who struggled with job satisfaction in larger firms, reports that this greater autonomy leads to improved work-life balance and an overall enjoyment in practicing law, a sentiment echoed by his partner Adam Merali, who shared similar frustrations.
"Suddenly, Adam and I were really enjoying being lawyers again, because rather than someone slamming some work on your desk... it was a case of someone saying, 'Do you want X thousand pounds to do this bit of work for me?'"
"His view, in terms of what we would do as a firm, was to use a fee-share model where lawyers are heavily incentivized for what they do, which was very unusual in the legal market."
"Letting lawyers have greater autonomy often improves their work-life balance."
"Both are very good, but when I was in my early 30s, I was really fed up with being a lawyer."
Collection
[
|
...
]