This piece on Virtual Law Firms by the ABA small practice blog has a wealth of information to introduce these amazing practice models for the uninitiated. Here’s a sample:
Virtual firms can be full service and handle the entire range of existing practice areas, from estate planning to criminal defense to business matters such as mergers and acquisitions and complex litigation. From the client’s perspective, the work product completed does not look different than that produced by a traditional firm. It is how the firm operates in the background that differs. This is where setting up the right structure and team is crucial.
Fast Company ran this article in 2013 that helped to popularize the idea. But the economic realities are daunting, as was noted in several blogs. While the model has challenges, the idea of a virtual practice portal can be a part of a brick and mortar business. For anyone interested, check out Stephanie Kimbro’s Virtual Practice website.