find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Optim Legal no longer

Optim Legal no longer

Optim Legal, the start-up firm which claimed to offer top-tier experience at billable rates 40 per cent lower than top-tier firms, has closed. Founded in 2008 by Nick James - a former Freehills…

Optim Legal, the start-up firm which claimed to offer top-tier experience at billable rates 40 per cent lower than top-tier firms, has closed.

Founded in 2008 by Nick James - a former Freehills and Allens Arthur Robinson lawyer - Optim Legal disbanded in April this year.

"Optim Legal is unfortunately no longer," said James in a statement. It is a pretty short and common story - just a simple question of two equal shareholding founders wanting to go in different directions."

According to James, the break-up of a "disunited shareholding group" occurred in mid-2010, despite the firm performing strongly in its final six months.

"The firm was performing well in its last six months but had some residual start-up related debt which needed to be cleared up to continue," he said.

James added that he has been "testing the waters" on the possibility of establishing a new firm, based on the Optim Legal concept, but will spend the next few months to work outside the legal industry.

Since its 2008 launch, Optim Legal gained significant attention for its innovation, including the provision of satisfaction-based billing arrangements allowing clients to lower, or increase, their fees by as much as 20 per cent.

Back in 2009, James told Lawyers Weekly that his firm could offer discounted top-tier service because of the firm's efficient services model.

"That model, theoretically, would have been possible under a partnership," said James. "But a partnership that was able to run much more efficiently may have simply absorbed the savings into partner profits."

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Optim Legal no longer
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Consultation
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
IBA
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...