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As estate practitioners, we all want to know how to improve our practice and one of the best ways is to see how our colleagues are doing things.
So each year, we survey hundreds of estate lawyers about their process, practice methods and fees. And for the first time, we are proud to share this year's results to help us all gain exclusive insight into the practice and business of estate planning law.
Detailed client investigation is the first step to successful estate planning. It is also one of the most frustrating aspects of the process when not done correctly.
To facilitate this process, almost three-quarters of law firms send out requests for information prior to their first meeting with clients.
This report outlines the steps that estate lawyers follow to conduct a thorough and efficient client investigation.
The COVID-19 pandemic has brought about notable shifts in consumer and professional behaviour. In 2023, the majority of lawyers continue to conduct their initial meetings virtually.
It's important to highlight that this trend does not impact the same way lawyers practicing in larger cities and those in smaller towns.
The report also details how lawyers use written retainers and how they structure their meetings.
Adopting the right technology, such as eState Planner, is a key component for any practitioner looking to make their practice more efficient.
Nowadays, most lawyers use software to draft their clients' wills more efficiently.
The fourth section of our guide provides a more in-depth look at how firms and sole practitioners can leverage their resources to optimize their practice.
While the average fee for a standard package of couple's wills and powers of attorney increased by 12% in 2023, only a third of estate lawyers are satisfied with the amount they charge.
Geographical location is another aspect covered in this guide, as it significantly influences the service fees charged.
Download the guide to find out how much lawyers in your area charge for their services.
