When is a start-up no longer a start-up? Source Legal has made the leap from our founder’s ‘lightbulb moment’ in 2010, to being lauded on the national stage for excellence in small business practices. We understand that it’s essential to have more than just an idea or a vision when creating a disruptive business. Here we share some of our journey on how we’ve made the transition from start-up to an award-winning small business.
By Sean Melbourne and Elena Nelyubina
Businesses know the convenience of having data at their fingertips. These days even one-person operations have customers’ phone numbers and suppliers’ email addresses readily available on a mobile device. Ready data access is essential to keep up with the pace of business.
Feature interview with Stanislav Roth, published in Australasian Law Management Journal
In this Q&A, Source Legal founder and managing director Stanislav Roth discusses the big break he received through immigrating to Australia in his teens; the satisfaction he gets from running his own law firm; and why retainers and an agreed price model are the secrets to his success.
You now run a successful law firm, but your early study and business life must have been challenging as an immigrant. How did you end up in Australia?
By Sean Melbourne
Effective 1 January 2018, changes to the General Retail Industry Award 2010 now make overtime payable to casual employees covered by the Award.
Previously, the overtime provisions did not apply to casual employees, but now they do, following the addition of clauses 29.1 and 29.2 into the Award.
By Siska Lund, originally published in Lawyers Weekly
The jury is in: the legal industry is in the early stages of a transformation that’s not only changing what legal services will entail, but also who will be delivering them. The question is, are we heading to a future where law happens without lawyers? And if so, what can existing lawyers do to future-proof their career?
The recent keynote address and panel discussion on ‘Law without Lawyers’ symposium at Bond University’s Centre for Professional Legal Education delivered some intriguing takeaways on the role of technology and artificial intelligence (AI) products that are behind some of the significant changes rewriting what legal services mean.
Feature interview with Stanislav Roth, published in Australasian Lawyer Nov 23
Stanislav Roth thinks that while technology has the power to disrupt the law and many other industries, a more fundamental challenge actually threatens the business of law more.
This law firm founder is also increasingly wary of the term “NewLaw,” which has often been associated with his firm Source Legal because it operates a unique business model and offers clients a different service than traditional law firms.
In this interview, Roth also talks about his challenging start in Australia, why he established his own law firm, and what he prefers to change with his job.
By Stanislav Roth. This article was originally published in Anthill Online.
I know, I know… for many people, hiring a lawyer is akin to inviting in a highway robber. But like any industry you can poke a stick at, the legal industry is undergoing massive disruption. So while ‘NewLaw’, AI, and automation are creating uncomfortable reverberations in the hallowed halls of top law firms, it means a next-generation of boutique legal firms are cropping up…. And the winners are the clients. You! That’s right, start-ups and SMEs now have an eye-watering range of innovative legal services to choose from to help them with their legal needs, that are a whole lot more affordable.
So what should you look for when choosing a legal services provider?
By Sean Melbourne and Christina Guo, Source Legal. This article was originally published in Inside Business.
Sending invoices as a small business can feel like you’re dropping them into a void, while watching your savings diminish as you wait to be paid. According to a report by credit specialists Dun & Bradstreet, the average late payment time for businesses in Q1 2017 was 15.3 days late, and even higher for payments by big businesses to small businesses – 18.3 days late.
If you are owed money, here are five steps to get back in the black.
Article by Stanislav Roth. This article was originally published in Inside Small Business
The recent release of the annual ‘Legal Market Pulse’ by the Commonwealth Bank confirms that terms such as NewLaw and ‘alternative business models’ (ABM) firms are now firmly entrenched in the lexicon of not just the legal industry, but the broader business sector as well. As early as 2010, businesses have been voting with their budgets by flocking to ABM law firms for legal support. It’s clear that increasingly, people don’t want to pay for the clock ticking on a lawyer’s desk.