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Compliments of Mark Anderson of Andertoons

How to Place a Bid on Legal Bistro

Bid-for-Placement: what does it mean? Why do we need it?

A bid is a sum of money that a lawyer offers for the opportunity of talking to a client, to receive his contact information and discuss his case (the minimum amount you can bid on is 6 law dollars).

It’s important to remember that a lawyer’s bid on a case determines where in the list of competing, “bidding” lawyers their profile will be displayed to the clients, who posted the case. The profile with the highest bid will be displayed first and the lowest, respectively, the last.

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Writing an Effective Biography on Legal Bistro Helps Attorneys Get New Clients!

Why should a lawyer bother to write an outstanding biography and why is it the most important part of the lawyer profile? It’s so simple!

A bio is a snapshot of a lawyer’s professional experience:

  • who they are,

  • what they do,

  • specialist expertise and

  • examples of client work.

A good biography “sells” their expertise to potential new clients.

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Legal Bistro Elevator Pitch for Lawyers

What is an Elevator Pitch?

An “Elevator Pitch”, also known as an elevator speech or statement, is a short summary used to quickly define a person, product, profession or organization and its Value Proposition.  The name “elevator pitch” conveys that the person who is delivering the message has about the same time that it takes the typical elevator to go from the ground floor the top floor to convince their audience about their proposal.  A well designed elevator pitch should be between 30 and 60 seconds.

How to Write a Good Elevator Pitch

The “Elevator Pitch” on Legal Bistro is five lines (500 words maximum) of text that are displayed to potential clients in what we call the “Short Profile Preview”.  This is the very first thing that a potential client will see about you and your law firm so you should give a lot of thought to what you would like to say.

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Debt consolidation calculators – Are they really beneficial for the consumers?

Facing financial problems? Want to consolidate your debts? Why don’t you choose a debt consolidation calculator and work out the calculations? This will help you understand how much you’ll be paying every month on your outstanding dues. So, if you’re struggling to handle your debts, it may be the time when you need to consolidate them. If you’ve your own house or any real estate property that you had purchased it with a loan, then you may use a debt calculator to know the amount you will have to pay for it.

With the help of debt consolidation, you can combine all your debt into one. Thus, you’ll be making only a single monthly payment. This is just like taking out a new loan so that you can save on the monthly interest rate. This will also make the payments much easier for you. This is a great way to deal with your financial problems so that you can move towards a debt-free life.

How does a debt consolidation calculator work?

Debt consolidation calculator is a great tool for the consumers who want to consolidate their debt. Read on to know how this calculator actually works.

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Why Consumers Love Legal Bistro

 Do you need a lawyer but are intimidated by the legal process?  Are you concerned that professional legal services may be financially out of reach?  Perhaps English is not your native language and you are having trouble finding a qualified attorney with whom you can effectively communicate.  Don’t worry, if you answered yes to any of these questions you are not alone.

We built Legal Bistro because we were inspired by the contribution that Lending Tree made to the process for finding a mortgage lender.  Lending Tree used the power of the Internet to bring online competition in the mortgage application process. Equally important is that Lending Tree’s website has helped consumers to better understand the process of applying for a home loan. We hope that Legal Bistro can achieve similar results in the legal services market.

When Lawyers Compete, You Win!

The single biggest reason why consumers love our service is because Legal Bistro facilitates lawyers competing online to serve the client.  Our Company motto is that When Lawyers Compete, the Client Wins! Frankly, we believe that both lawyers and consumers win when the competitive playing field has been leveled.

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Why Lawyers Love Legal Bistro

    

Are you happy with the current Return on Investment (“ROI”) for your online legal services marketing dollars?  Are you spending too much of your time qualifying leads? wasting time imagesDo you know anything about the visitors to your law firm’s website besides their IP Address and the date and time of their visit?  More specifically, are you being provided with case specific  facts that will help you evaluate their legal needs?

If you have answered yes to some or all of these questions then perhaps you will appreciate why lawyers love Legal Bistro.

YOU ARE IN CONTROL

You decide what cases you see based on the Practice Groups, Case Types and Tag or Key Words used when defining your Areas of Practice.

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Applying for a Mortgage? Better Check Your Credit Report for Errors!

 

Are you getting ready to apply for a mortgage?  Have you obtained a recent copy of your credit report to check for inaccuracies?  If not, you might be surprised by what you find.

A February 2013 study from the Federal Trade Commission (FTC) found that:

  • five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance.
  • one in five consumers had an error on at least one of their three credit reports.

So what exactly is a credit report and how does it differ from my credit score?  A credit report is a person’s documented debtor history. It includes every credit card, student loan, charge card, mortgage or auto loan or lease for which you’ve ever been named as a signer or co-signer. Details include starting amounts owed and current balances; monthly payment history for individual accounts; including any record of delinquency. Credit reports also include information regarding known places of residence and employment; judgments and tax liens assessed by courts; and any public record of bankruptcy.

A credit score is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information obtained from credit bureaus.  For purposes of a mortgage application, the three credit scores used by mortgage lenders are the Equifax Beacon; the TransUnion Empirca; and, the Experian FICO.

Under the Fair Credit Reporting Act (FCRA), All consumers are entitled to one free disclosure (i.e. credit report) every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies. Consumers who have had their application for credit, insurance or employment denied because of “poor credit” may apply for additional free credit reports.

certain persons may request a free credit report anytime, with no limit. This includes unemployed persons; persons looking for work within the next 60 days; and, individuals receiving government welfare assistance.

For further information, please either visit www.ftc.gov/credit or review A Summary of Your Rights Under the Fair Credit Reporting Act.

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So Who Gets the Profits From “Unfinished Business” in a Major Law Firm Bankruptcy Case?

So who is entitled to the profits for “unfinished business” in the bankruptcy of a major law firm?  That is the $64,000 question that was recently answered by a New York judge in the bankruptcy case of the firm of Dewey & LeBoeuf LLP.

The issue at stake is when partners leaving a defunct law firm bring unresolved cases with them to their new law firm, which law firm is entitled to the profits – the old defunct firm or the new one?  The trustee for former New York firm Coudert Brothers LLP had sued 10 firms that hired former Coudert partners in an effort to recover those profits. While no dollar amount was specified, as the firms did not provide documents outlining how much money they made, a federal judge in Manhattan ruled on Thursday that that the proceeds from those cases did indeed belong to Coudert Brothers.

District Judge Colleen McMahon made her decision on the following basis:

“Because the Client Matters belonged to Coudert on the Dissolution Date, and because the Coudert Partnership calls for the application of the Partnership Law to determine the post-dissolution rights of the partners, the Former Coudert Partners have a duty to account for profits they earned completing the Client Matters at the Firms,”

Judge McMahon’s decision sets a major precedent (particularly in New York) as it reaffirms a 1984 California case known as Jewel v. Boxer that had been adopted in several other states.

For additional information, please see the Wall Street Journal Law Blog article written by Jennifer Smith entitled: Profits from Unfinished Business Belong to Dissolved Law Firm, NY Judge Says