- Choosing The Right Forex Trading Attorney In Toronto: Tips And Considerations
- Okcfd Adds Two New Canine Search And Rescue Teams
- Canadian Dollar Retreats From 12 Day High After U.s. Cpi Data
- U.s. Property Investor Lasalle Launches Its Biggest Canada Fund
- Bee Alert: 5 Million Bees Fall Off Truck Near Toronto And Drivers Are Asked To Close Windows
- Scotiabank’s Ceo Pick Spurs Debate Over Whether Changes Loom
Choosing The Right Forex Trading Attorney In Toronto: Tips And Considerations – This week in Things I Wish I Knew…Joleena Louis approaches the much-discussed topic of consulting fees among solo attorneys and shares her thoughts on it.
When I first started my matrimonial practice, I asked any solo attorney in good standing for advice. I mean anyone and everyone. In fact, the relatively informal nature of this information is why I started writing it
Choosing The Right Forex Trading Attorney In Toronto: Tips And Considerations
Does the lawyer have to pay a consultation fee? Attorneys must balance time spent on client acquisition and time spent working on client matters. In high volume client practices, charging a small consultation fee will turn people away seeking free legal advice. But in low-volume, high-price practices (corporate negotiations, complex cases), a consultation fee may be considered an insult to potential clients, especially if they are referred by a colleague. To charge…or not to charge?
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One of the first questions I asked each doctor was their opinion on paying the initial consultation fee.
Actually, I was divided on this issue. On the one hand, I didn’t want to come across as greedy, but on the other hand, I didn’t want to waste three to four hours of my day on leads that might not materialize.
As solo and small firm attorneys, our value is truly measured by the hour. (That’s why it’s called a billable hour, right?) This sets us apart from many professions. Also, my experience with marriage counseling is that they rarely last just an hour. In fact, I almost always book one of our shared law offices, 4 conference rooms for 2 hours, anticipating that the initial consultation can take a long time.
, and I understand that fee payment is another barrier to signed attorney contracts. I was practicing in fool’s paradise.
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To charge or not to charge, that’s the question #counseling fee #soloattorney Click to Tweet Lack of consulting fees led to people accessing free legal advice…
The people who cold called me were basically using the following advice as a mechanism to get free legal advice. I know this because I never heard from ONE of them again. At first, I thought it was me. Maybe I was a poor lawyer. Then I realized I was going to change the game a bit. I quickly decided to start charging consulting fees to get people looking for free information.
My reasoning, and the reasoning of most attorneys I’ve talked to, is that anyone who can’t afford my counsel probably can’t (or won’t) afford my attorney. However, my belief revolves around the logic that if someone can’t make minimum wage to get something very important in their life, they probably aren’t serious about it.
In my practice, when I get a consulting fee, I charge it back to their account when they hire me. Honestly, this mechanism has caused many potential clients to choose to consult a different lawyer. They couldn’t get over the initial hurdle of paying the minimum to actually get the time and legal advice. In fact, they are not the type of customers I want anyway.
Canadian Dollar Retreats From 12 Day High After U.s. Cpi Data
However, I do not charge a fee to meet with references. So far 100% of the referrers I’ve met have kept me so I’m less worried about wasting my time. And I feel like it’s easier for my referral sources to refer someone to me if that person has nothing to lose just by meeting me. And that referral source sounds good because I always inform the client of my consultation fee and that I waive it because of my relationship with the person who referred them.
I also started offering a paid service for clients who just wanted information and didn’t need to hire me. It lasts longer than counseling and they leave with more actionable information. Many of my free advice seekers hire me for this service when they hear my word about this service.
Now, the information above is my personal experience as a consumer based attorney. I guess a commercial litigator or a corporate bankruptcy lawyer might have a different opinion on the subject of free consultations. In fact, I know many other matrimonial attorneys who have a different opinion.
But, when it comes down to it – I’m a solo attorney with only so many hours in the day. I made a business decision to pay for a consultation. While many potential customers can find the information they are looking for on the Internet, they may not be able to verify the authenticity of the information.
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About Joleena Louis Joleena Louis is a legal and family attorney at Joleena Louis Law, a firm she founded after leaving a boutique wedding firm in Brooklyn. Joleena is a client at Law Firm Suites’ Financial District location
Explores his thought process and experiences in his transition from small law firm employee to successful solo entrepreneur. Follow Joleena on Twitter.U.S. Dollar bills are seen in this photo taken on March 10, 2023.
NEW YORK, Aug 21 () – The dollar fell against a basket of peers on Monday, snapping a five-week winning streak, as investors bid time ahead of the US Federal Reserve’s Jackson Hole, Wyoming symposium, which begins on Friday. does, stop. expectations that central banks can keep rates higher longer.
The dollar index, which measures the currency against six other majors, fell 0.077% and was last seen at 103.290, off Friday’s two-month high of 103.68.
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Amo Sahota, director of Klarity FX in San Francisco, said that while the symposium has been important in changing the direction and thinking of the market in the past years, disappointment may be on the horizon.
Sahota said, “The fight against inflation has not been successful. The Fed has said this many times before.” “I don’t think they’re going to turn around and say, ‘We’re done raising rates.’ They need to see more, and at this point it’s not enough.”
The Japanese yen, which is under intervention watch, weakened 0.55 percent against the greenback at $146.21, analysts now see the intervention limit around $150.
Meanwhile, the offshore yuan, also for intervention, rose 0.3 percent to $7.2853 against the greenback.
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The Chinese currency earlier fell to a weaker 7.3 per dollar before recovering after it was reported that Chinese state-owned banks were actively draining offshore yuan liquidity, a move that increased the cost of shorting the currency.
China earlier cut its one-year benchmark lending rate by 10 basis points (bps) and left its five-year rate unchanged, against economists’ expectations for a larger 15-bps cut for both.
Jane Foley, head of FX strategy at Rabobank in London, said a strong dollar is problematic for both central banks because “it threatens to expose both currencies to unwanted weakness.”
In the US, Fed Chairman Jerome Powell will speak on Friday. His comments may set the direction for U.S. Treasury yields, which have led the dollar to rally in recent weeks.
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The 10-year yield hit a 15-year high on Monday and was up 8.9 basis points at 4.339%.
“If we looked at Jackson Hole, Lagarde’s speech may actually be more of a market move than Powell’s,” said Karl Schamotta, chief market strategist at Corpay in Toronto. “If Powell stays on the theoretical side of things, this may reduce the continued volatility of the dollar and lead to a smaller reaction.”
Reporting by Laura Matthews in New York; Additional reporting by Samuel Indyk in London and Tom Westbrook in Singapore; Editing by Kirsten Donovan, Mark Potter, Will Dunham and Jonathan Oatis[1/2] A Canadian dollar coin, commonly known as the “Loonie,” is pictured in this photo taken in Toronto on January 23, 2015. , is pictured. /Mark Blinch Licensed Rights
TORONTO, September 1 () – The Canadian dollar weakened by the most in a month against its U.S. counterpart on Friday as investors cut bets on another Bank of Canada interest rate hike after data showed the domestic economy unexpectedly decreases in the second quarter.
Canadian Dollar Posts Biggest Loss In 1 Month As Economy Shrinks
The loonie was down 0.6% at 1.3595 to the dollar, or 73.56 US cents, its biggest decline since Aug. 1. The move almost wiped out the currency’s weekly gain, which remained at 0.1%.
“The Bank of Canada is done,” said Adam Button, chief currency analyst at ForexLive. “The Canadian dollar is selling because the debate will shift quickly when it comes to rate cuts. There is no question that we are already in a recession in Canada.”
Canadian GDP shrank at an annual rate of 0.2% in the second quarter and growth likely slowed in July, signaling to the central bank that interest rates are high enough. Analysts had expected second quarter growth of 1.2%.
Money markets see an 8% chance of a rate hike in the BoC’s next policy decision this Wednesday, down from 24% previously
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