The Non-Lawyer Ownership of Law Firms, with Brian LaBovick

by | Nov 13, 2020 | Resources

Episode 53:

Brian F. LaBovick was admitted to the Florida Bar in 1990 and started his career as an Honor Graduate Program inductee at the United States Department of Justice as a Federal Prosecutor. Since that time Mr. LaBovick has maintained an AV rating from Martindale-Hubbell, and been a Super Lawyer® in 2007 and a Florida Trend Legal Elite attorney in 2010 both in the Personal Injury field. He has been involved in multiple charities and community service projects over the past 30 years, and served on numerous charity boards. He is a past Director of the Palm Beach County Justice Association and a Past President of the North Palm Beach County Bar Association. Mr. LaBovick has created multiple businesses outside his law firm, including Media Maven Marketing, Legal Assist, LLC, and a national specialized medical billing company, GO-SB. Mr. LaBovick moved to Palm Beach County, Florida where he started a solo practice in 1994. The firm now has 8 attorneys and 40 office staff, and offices in Florida and Massachusetts. The firm handles serious personal injury concentrating in Maritime, travel, and Cruise boat injuries as well as workers compensation across Florida, and Social Security Disability and pip collections across the nation.

What you’ll learn about in this episode:

  • How the coming wave of non-lawyer ownership of law firms will affect the legal industry, and what pros and cons exist
  • Why Brian doesn’t feel “doom and gloom” over the coming wave, and why looking at the precedent set in countries like England and Australia can offer guidance
  • How the coming wave of corporation-owned firms can be compared to the birth and growth of Walmart, and why it is important to compete on more than price to survive
  • Why consumer-based law isn’t nearly as in danger of being taken over or pushed out of business as big corporate firms
  • What steps to take to better prepare your law firm for potential merger and acquisition opportunities
  • What concerns Brian has about the way the state of Arizona may be implementing non-lawyer ownership of firms
  • Why one of the key things to watch out for is the “gaming of the system” and the establishment of unethical relationships between firms and their owners
  • What a “para-lawyer” is, and how North Carolina set the standard to allow people to exist halfway between paralegal and lawyer and still have ownership in a firm
  • Why setting up and running your law firm like a business is going to be instrumental in navigating the future

Resources:

Additional Resources:

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