Legal Research

"NTR"

This post was written by Chuck Newton: "Maybe we call it collaboration in the law biz, but in the real world they call it "nontraditional revenue" or "NTR".  It is the process of adding bottom-line income to your existing law revenue stream either directly or indirectly such as supplementing promotion costs.  

...Many lawyers do this with other lawyers involving office space. For example, they might practice personal injury but agree to lease space and refer clients to other attorneys who might possibly practice family law, estate planning or bankruptcy. But, it can go beyond working just with other lawyers.

A lawyer can establish executive space or co-working space to rent to professionals that compliment the lawyer's practice area. If you are a probate attorney you could share space with grief counselors..."

The full text of this interesting and potentially profitable post is available by clicking on the author's name.

Source: Chuck Newton Rides the Third Wave, 19 April 2010, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on April 20, 2010 (boomark / email).