Everything Daniel Van Binsbergen said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Van Binsbergen: Senior partners block long-term tech investments in law firms
“Virtually all law firms are run by a partnership, and it's often the most senior partners that have the heaviest voice in that partnership, and they're also closest to retirement, so, you know, a senior partner might vote against a proposal that would mean les…”
Van Binsbergen: Low-overhead spinouts force elite law firms to innovate
“And I think once that, that trend is continuing clients are waking up as well. You know, they will then compare let's say an Alan Overy lawyer with an ex-Alan Overy lawyer working on a much lower overhead basis. And it, it's that Competitive dynamic that is no…”
Van Binsbergen advises aspiring entrepreneurs against using law as a stepping stone
“So I don't necessarily, I wouldn't advise any, you know, potential entrepreneur who's now in high school to follow the legal route to, as a stepping stone to becoming a lawyer.”
Van Binsbergen: Boutique lawyers charge half big-firm rates
“Lawyers that I knew that trained at the larger firms and were really good, but who for lifestyle reasons had either started their own practice or joined a smaller boutique firm. And generally speaking, they would charge themselves out for half their previous h…”
Van Binsbergen: Lawyers quote wildly different rates for identical work
“There's really no way of knowing what you should be paying for legal advice. And also that lawyers tend to quote, you know, very different amounts for the same job, all based on a different, you know, perception of the complexities of the matter.”
Van Binsbergen: Hourly billing directly disincentivizes legal innovation
“Most law firms still bill on a hourly model, whereas a lot of innovation takes place in industries where the person doing the innovation will be able to reap the rewards. So if you introduce a new efficiency in a law firm, which means that you spend less time …”
Van Binsbergen: Younger lawyers are rejecting traditional firm partnerships
“My generation of lawyers don't necessarily want to become a partner at a large firm. That, that isn't necessarily the highest goal anymore. So, all of a sudden, you're getting a large number of high quality lawyers who Starting their own practice, billing in a…”
Daniel van Binsbergen saved 100% of salary raises to fund Lexoo
“So what I did is that every year that when I got that raise, I would save a hundred percent of that raise To make sure that I build up a little bit of a war chest.”
Van Binsbergen: Lexoo had only 5 to 10 inquiries when pitching Forward
“I think I had only had between five and 10 clients submit an inquiry through the system.”
Lexoo charges participating lawyers a 10% commission on its marketplace
“So the lawyers pay us a 10% commission.”
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