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 To Sustain A Law Firm, Urgently need a tips on this

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cfa28
post Feb 12 2015, 05:13 PM

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1) Make contacts with Housing Developers to handle the SPA work, etc

2) Make contacts with Banks to handle the Loan Agreement, etc

But wait, do you have Bumi Partner cos its requirement to be Panel on Bank


cfa28
post Feb 12 2015, 05:34 PM

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QUOTE(CommonPeople @ Feb 12 2015, 05:29 PM)
Hi bro ,

Current focused are  conveyancing and frauds. My wife's plan is to focus on accidents and islamic banking.

As for me , i am planning to aim more on Animal Rights and Consumer Rights.

Are they the right cause bro ?

For second point , i have been thinking of that but does terms 'Partners' same as 'BOD's' ?
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Animal Rights - What are you talking about bro. Must be practical. You wanna help Animal Lovers to sue ppl? MY and out Govt in general are not animal friendly

Consumer Rights - Tak Boleh Cari Makan. Already got Consumer Claims Tribunal. Won't work bro

Accident - Be Ambulance Chaser - also won't work in MY

Islamic Banking - May work but its confined to Big Firms like Wong & Partners, Allen & Gledhill , etc - you will not be able to compete plus do you have BUMI partner with the connections


cfa28
post Feb 12 2015, 05:40 PM

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QUOTE(CommonPeople @ Feb 12 2015, 05:35 PM)
Thanks for the tips bro.

Can i alliance myself with the government ?  Like , be a panel for PDRM ? i have a lot of contacts for PDRM and KDN..

Newbie in business here. Sorry yea
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what do you mean by panel for PDRM

You mean to handle potential cases of ppl suing the Insurance Company for more compensation

This is possible - but involves some element of corruption cos you need the Inspector / Sargent to recommend your firm

You need to pay the Sargent immediately buy you only get paid after you win the case

Could take month / years


cfa28
post Feb 12 2015, 05:47 PM

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QUOTE(CommonPeople @ Feb 12 2015, 05:41 PM)
Thanks for the replies bro.

As for Animal rights , i am looking for free publicity actually. You know.. Lots of animal lovers out there , jadi hero for them and become famous. Even it wont make much profit but at least the name of firm will be recognized. Just my plan thou..

We are bumis .. does that make any difference bro ? bumis or non ?

Also , since you just potong all my ideas..Any recommendation ?
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Hey bro, don't get me wrong. Am not potong your ideas

If I did not care, I won't bother to reply

To be on panel for Bank, some Banks requirement is to have 30% Bumi Partner - in compliance with NEP

If you're a Bumi Firm - it certainly helps

Its good if you have a Game Plan - Do CSR in form of Animal Rights to get contacts, etc

With Consume Claims Tribunal - don't need Lawyers to sue Retailers, etc

Not many people can afford Lawyers and besides, in a Civil suit, enforceability is always an issue. You can ask your wife, how to collect a Debt of RM10K when Bankruptcy is at RM30K

Your idea on Islamic Banking is good, but like I said, currently dominated by Bigger Law Firms

You can organise free seminars and invite Bankers to attend to generate publicity


QUOTE(CommonPeople @ Feb 12 2015, 05:44 PM)
Corruptions..i hate that shit. Is there any legal way approach them ?
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Unless you sit there all day long. Not really corruption - just call it incentive. Many Lawyers are already doing that now.

QUOTE(aromachong @ Feb 12 2015, 05:44 PM)
i suggest criminal .. one case 320 penal code case get you earn rm100-rm200k easily.

or fight for bankrupty case.. others all not-so-good
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How much do you need to share the RM200K with other parties such as ****, *****, etc

Censored to avoid me being charged with sedition

This post has been edited by cfa28: Feb 12 2015, 05:52 PM
cfa28
post Feb 12 2015, 05:51 PM

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QUOTE(sarahdee @ Feb 12 2015, 05:48 PM)
Start a website, you don't need animals for publicity. If you need an area of focus. HR and company law is best. Lots of employers suing employees, and lots of disgruntled employees suing employers. Lots of employers who default on salaries, or fire unethically.
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but its cheaper for employees to just to to the file a case in Ministry of Labour / Industrial Court

Don't really need a Lawyer right?
cfa28
post Feb 12 2015, 10:59 PM

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QUOTE(Kaka23 @ Feb 12 2015, 09:59 PM)
What is Islamic banking?  What are lawyers suppose to do?
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Islamic banking is about structuring a banking product so that it complied with Shariah principles.

Lawyers will need to structure the product, in addition to drafting of legal documents.

It's not as simple as it looks when you have to zoom in on specific terms, etc.
cfa28
post Feb 13 2015, 05:06 PM

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QUOTE(CommonPeople @ Feb 13 2015, 03:44 PM)
Agreed with all the point you given.

Islamic banking dominated by bigger firms ? what if its in small-medium size town.. Will it be dominated by them too ?

I wanted to suggest my wife to do criminal since almost everyone said criminal its the most making money cases but im afraid of the post settlement.. you know la criminals relate to gangsters and all.. Plus , to me , a woman lawyer fighting for criminal cases doesnt seems so right... not being racist thou
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Now, when I say Islamic Banking, I am referring to more than just being the panel lawyer for the Islamic Housing Loans.

That one almost any Lawyer firm can do.

When I am talking about Islamic Banking, I am referring to Lawyers who are capable of coming out with new structures for Financing Products and in order to do this, you need resources like how places like Dubai, UAE, London, what sort of Islamic Products are being offered there.

Smaller firms will have not have resources.


cfa28
post Feb 14 2015, 03:01 PM

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QUOTE(chastise @ Feb 14 2015, 01:23 PM)
Why not? Islamic banking is just syariah compliant banking products. What kinda resources are you referring to? Just need to understand how the structure works. Most are similar to conventional banking just different terms are used.

As long as your client wants you to do the deal, be it Islamic or conventional; you are in their higher tier panel (depending on the amount); and you have experience in Islamic banking (even if you don't as long as you have banking and finance experience, you can read it up. That's how lawyers learn anyway), it really doesn't matter.

If you don't mind me asking, are u a practising lawyer?
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When a lawyer says that he / she specializes in tax, do you expect the lawyer to do just normal CKHT submission or do you expect the lawyer to be able to advice on how to structure the transaction to minimize the tax exposure. If the lawyer cannot do the later, he / she should not claim to be a tax lawyer.

The same goes for Islamic Banking, what does the lay man or general public expect this lawyer to do if the lawyer claims to specialise in Islamic Banking?

is is just normal Islamic Loans, conveyancing work, etc. If this is the case, it's just any normal lawyer can do. if someone wants to claim to be a specialist, one must be know more than other normal non specialist.

Anyway, I have given my views and I am not a Lawyer although my firms uses many Lawyers. I have met a number of Lawyers who claim to be specialist in

a) Tax
b) Insurance
c) Fund Raising
d) Conventional Banking
e) Fraud and due diligence

But not many Lawyers claim to specialise in Islamic Banking.

You don't have to agree with my interpretation of what a specialist is but please do ensure you have the necessary skills to call yourself "specialising in...." whatever field.


This post has been edited by cfa28: Feb 14 2015, 03:12 PM
cfa28
post Feb 15 2015, 12:34 AM

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Good that there is another experience lawyer in lowyat that I can summon next time.

Your expertise exceeds the normal conveyancing work.

Some of the experience was gained while working for bigger law firms.

No doubt you have your own practice but still the experience, knowledge and contact was gained from past bigger firms right?

TS wife father law firm appears to be the smaller standard conveyancing type.

Perhaps you can guide him where his wife can get the knowledge to specialise in areas such as Islamic Banking, etc.

This post has been edited by cfa28: Feb 15 2015, 12:42 AM
cfa28
post Feb 16 2015, 03:18 PM

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QUOTE(chastise @ Feb 16 2015, 12:04 AM)
Experience yes but contacts, no. Knowledge, depending on individuals.

TS mentioned his FIL owns a medium sized law firm. That's about 10 LAs at least? Maybe I've missed it, but TS did not specifically mention which area the firm does.

Anyway legal works are not that hard to understand. Once you learn the concept everything else can be applied and re-apply to suit the transaction. In fact, I learned the most of my knowledge in corporate and islamic banking during my first few years in a medium sized firm.

Don't be surprised if a civil litigation lawyer can suddenly become an aviation lawyer in a week. What we do is read, understand, re-apply.
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Was re-reading TS info on his FIL Law Firm again

QUOTE(CommonPeople @ Feb 12 2015, 04:57 PM)
......

In two years time , my wife's dad will be handing over his medium size Law firm to my wife.


I asked her on how did you father managed to find his clients ? She said the dad just waited for the clients to come by at the office and deal.. Her dad is doing so-so right now. Average 1-2 cases a month sometimes none.
.....

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TS, perhaps you can list out:

a) what sort of clients does your FIL do at the moment
b) How many qualified LA does his firm have
c) How many "legal clerks" does his firm have
d) Where exactly is his firm located

Since chastise is also a practising Lawyer, perhaps he/she can give you more insights


cfa28
post Feb 18 2015, 11:07 AM

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QUOTE(CommonPeople @ Feb 18 2015, 10:59 AM)
Hi there !

Answers for :

A . I dont know that .. even my wife.. my FIL is a silent type of person.. we dont talk that much about the firm but all do we know that soon we ll over his business..

B. This i know , Only 3 lawyers for now..

C. I asked this question before from my wife.. Total of 25 staffs in the office but not too sure how many LC thou..

D. Perak. 3 firms actually , ipoh , taiping and kuala kangsar
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Okay, you mean your FIL has 3-offices, one each in ipoh , taiping and kuala kangsar

So, when you mean 3 qualified Lawyers, this is for each office or combined offices.

Same goes for staff

How long as the qualified Lawyers been employed

Any risk that they don't like the new boss - your wife and leave with some clients and clerks?
cfa28
post Feb 18 2015, 11:22 AM

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QUOTE(CommonPeople @ Feb 18 2015, 11:16 AM)
Good Morning bro , tak balik kampung or holiday ke ? hehhe

Anyway , Yea 3 offices but maybe , the ones in kuala kangsar will be closed soon due to internal probs.

About the lawyers , if im not mistaken , taiping 3 , ipoh 2 , KK 2..
Duration of employment.. i am not too sure about that. 

Risk of loosing the staffs are quite high thou since they all are old people and maybe waayyyy too comfort with the current style of work.. i am considering to buang half of them in order to increase the productivity ..
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Tak balik kampung cos orang KL

You must know that it is very HARD to actually sack someone in MY - especially since you are dealing with people who are conversant with Law.

You plus your wife really need to sit down with your FIL

Running any biz today is not the same as 20-years ago. Landscape, competition is very different.

You're from the F&B Line right, perhaps your wife can offer Legal Services to them such as

- Tenancy Agreement - with Landlord
- Contract Agreements - with suppliers
- HR Contracts - with staff


cfa28
post Feb 18 2015, 11:48 AM

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QUOTE(CommonPeople @ Feb 18 2015, 11:46 AM)
Kan ..  i really have to sit down with him and have a intense talk. Before this , i thought managing an office would be easy and simple.. hahaha.

I am not from F&B line.. S/M for corporate hotel offices..
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sorry, quite close lah

Use your contacts to get the Hotel contracts Legal Work
cfa28
post Feb 18 2015, 12:02 PM

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QUOTE(CommonPeople @ Feb 18 2015, 11:53 AM)
hahahah. Boleh ke bro approach just like that ? actually the whole topic was about this.. i am trying to know whether
can i approach clients with emails , portfolios , visits etc like what we always do in S/m..

Cause i asked my wife and she said law firm doesn't work that way.. lol.. idk..
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Not e-mails but visits with pitches and portfolios - YES

Big Legal Firms do that for Big Clients / Existing Clients - Talk about Firm Background, expertise, past portfolio etc

But not to sound too desperate lah

Pitch to Group Legal of the respective Firms,and also marketing departments like say Corporate Banking, Investment Banking, etc

Good way to create awarness is to offer "Free Legal Seminars" for prospective clients

Say - "Dispute and Arbitration process for Human Resources Department"

"Tenancy vs Lease - Pros and Cons" for Property Department / Legal Dept of the Hotel

Big Law Firms also do very Nice CV for their Partners / Lawyers

http://www.zicolaw.com/profile/david-lee-kim-meng/

http://www.lh-ag.com/s-saravana-kumar/

http://www.logan.com.my/html/people.html



This post has been edited by cfa28: Feb 18 2015, 12:13 PM

 

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