Vanst Law Opened on Sept. 4: A Modern Law Firm for Attorneys to Lead a Meaningful Life While Practicing Law
This unique and modern law firm assures all attorneys are partners with their own book of business.
SAN DIEGO, Sept. 6, 2018 /PRNewswire-PRWeb/ -- Virtual companies, including Uber, Airbnb and Alibaba, illustrate that the most successful businesses of the 21st century do not exist in traditional buildings. The Internet and technology make it possible to conduct business virtually and allows the business operator to live a meaningful life while earning a respectable income. With approximately 1.34 million attorneys in the United States, the legal profession is ripe to follow in the footsteps of so many successful companies building their platform and conducting business virtually.
Vanst Law, LLP opened its virtual doors on Sept. 4. At this unique and modern law firm, all attorneys are partners with their own book of business. They set their own rates, decide when and how many hours they work each month, and retain substantially more of their earnings. Attorneys work from home or lease space. Because there is no centralized office, Vanst significantly cuts out the bloated overhead costs attorneys normally slave away paying for, and for which clients are billed higher rates.
Additionally, Vanst uses software to provide better services and create a culture of constant collaboration and support. And most importantly, attorneys earn a higher percentage of what they collect. Partners at Vanst take home 70 percent of what they collect on their own clients, compared to the traditional 30-50 percent an attorney earns at a traditional law firm.
Cynthia Morgan-Reed, a San Diego land use attorney, gave up her successful solo practice to launch Vanst because of her passion to provide a firm where attorneys are treated fairly, paid what they deserve, and exist in a culture that empowers them to do what they do best: practice exceptional law.
"After my own law firm experiences of sexism, discrimination, and pay inequity, I excelled as a solo practitioner and obtained the financial freedom and flexibility I wanted," said Morgan-Reed. "But I continued to be frustrated with the stories of my colleagues and friends that mirrored my own negative experience in traditional law firms. These were strong, smart people who loved what they did, but were continually beaten down by the law firm structure in which they were practicing."
Vanst is especially appealing to women who seek the opportunity to earn as much – if not more than – the standard 89% of their male attorney counterpart's salary. Minority and male attorneys who are seeking better income opportunities while working less will also benefit.
Attorneys must meet Vanst's stringent standards and have at least seven years of experience in the practice of law (though most of the partners are in the 15 + year range) and have a majority of training and practice experience with a large law firm. The firm also looks for strong educational credentials from respected institutions, adherence to the highest standards of legal ethics and professionalism, exceptional skills and knowledge in their primary practice areas, and a commitment to Vanst's culture of supporting and empowering each other.
Morgan-Reed encourages attorneys who are dissatisfied with their current firm and who have a book of business to look at alternate ways to practice law that fits the lifestyle they want to live.
"Whether raising a family or being treated fairly, attorneys should realize they cannot succeed in a model that doesn't value them and their life goals," said Morgan-Reed. "This Modern Law Firm model allows attorneys to live a meaningful life on their terms while reaping the financial rewards they deserve."
Vanst currently has attorneys in San Diego practicing in the areas of business and corporate law, land use law, lobbying, real estate law, and tax law. This modern law firm is seeking qualified California attorneys in the following areas of law: business and corporate, intellectual property, litigation and dispute resolution, trust and estates, land use, and real estate. Vanst plans to expand its offerings throughout California and across the United States. Learn more at https://vanstlaw.com/
SOURCE Vanst Law
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