63% of the public do not believe legal advice is an affordable option for ordinary people

Bar Standards Board Risk Outlook 2016 Review

Hi, we would like to take two minutes to tell you about how we operate at ShenSmith Barristers and just a few of our strategic aims.

Reviewing the Bar Standards Board’s Risk Outlook Document 2016

Earlier this week, we were very interested to read the Bar Standard Board’s (BSB) risk outlook documents and how as a business, there appear to be several opportunities and challenges for us both.

With the kind permission of the Bar Standards Board (BSB), We’re going to refer to two very interesting infographics they put together that identify the legal supply and the legal demand. The legal services market provides a huge opportunity for barristers and their services. What is very interesting is the percentage of people using a barrister. I suggest you take you a look.

So, there is the opportunity and of course the challenge. But how are we delivering? Well, we know only too well that business owners, SMEs, startups, entrepreneurs and individuals are often deterred from seeking legal advice due to the perceived costs. It’s just simply too expensive. But it doesn’t have to be that way, that 63% of the public do not believe professional legal advice is an affordable option for ordinary people, and that the perceived cost is main barrier to accessing legal services for small businesses.

Cost-effective legal advice

At ShenSmith Barristers, we understand that only too well indeed. Co-founder Daniel ShenSmith was in this very position when I introduced him directly to a barrister for legal advice some years ago. Our aim is to provide a cost-effective route for SMEs, businesses and startups with Direct Access to barristers. It’s really that simple. Part of the solution is by only offering fixed fees. A fixed cost that is agreed in advance, so there are no surprises. It is what the consumers of the legal services want.

Flexibility with your legal costs

We also aim to unbundle, this reduces costs, allows the consumers again as the BSB suggests, to choose the parts that they are comfortable to undertake and those which they pay the barrister to undertake.

So it is very much tapping in and paying for the legal services as when you want it. It gives you – the client – that choice. The ShenSmith way of working gives you, the client, flexibility and this innovative new model as with others are emerging to be recognised as increasing part of the supply.

It’s a very exciting opportunity indeed. Thanks for listening.

As always, for further updates, you can follow our Twitter feed @SSBarristers or follow #Barrister.

Need to resolve a legal dispute?

Or if you have a legal dispute, you need cost-effective help with, then give us a call on 0203 627 9580, or you can email the team at clerks@shensmithbarristers.co.uk