ADVICE FOR LAWYERS, AT YEAR'S END
How To Rake In The Millions in Litigation.
A Thread.
Remember two phrases:
1. Pro Bono.
2. Public Interest Litigation.
Somebody said Nigeria is a lawless society and therefore a difficult one for lawyers to find success in.
I disagree.
How To Rake In The Millions in Litigation.
A Thread.
Remember two phrases:
1. Pro Bono.
2. Public Interest Litigation.
Somebody said Nigeria is a lawless society and therefore a difficult one for lawyers to find success in.
I disagree.
On the contrary, this is where lawyers should thrive the most. Nearly every day presents with an opportunity to file a potential multimillion Naira suit on behalf of one citizen or the other. Unfortunately, because they're not trained to be entrepreneurial in legal practice...
...they thumb their noses at great cases because they might be 'pro bono' and chase after peanuts in the name of paying clients. For years I took millions of Naira from public and private entities for hurt clients who were only happy to pay me in millions after recovery.
The recent liberalisation of 'public interest litigation' has even removed the last glass ceiling for today's generation of lawyers. So, think investment when you see cases and not fees. It is not champerty or ambulance chasing to help people who may not afford anything now...
...but are willing to pay premium from recoveries. Your legal skill plus their cause is often a bankable match leading straight to the mint. In addition, you get the added satisfaction of helping the underdog get justice, fulfilling what should be every lawyer's highest calling.
It only remains to add that when you take any case, prepare an agreement covering the terms and conditions. Don't forget to reserve your agreed percentage to yourself in the contract as today's weakling can become a tiger tomorrow once you have rescued him from the hyenas.
BONUS POINT: To avoid wranglings with the client over your own share, both of you must designate an account in her name where recoveries will be lodged and frozen till you have been paid. This instruction must be made to the bank, be acknowledged and annexed to the main contract.
To your success, Learned Counsel.
@threadreaderapp pls unroll.
