MARKETING
The Best Virtual Office For You
Working from the comforts of your home is definitely viable for legal professionals as it offers economic flexibility due to varied reasons. There is no commute, you get to stay in your pajamas, customize your environment, and are able to create a flexible schedule for yourself. One important shortcoming though, is the lack of a professional office space to meet clients, a registered business/corporate address, and space for storing away documents and/or items that are not needed immediately. Let’s face it, a home is a home and a workplace is a workplace. There is a certain limit to conducting business from your home. You will probably function optimally if you complete work assignments in designed workspaces, which have the resources to help you succeed in your area of legal practice.
Such a spaces exist in the heart of downtown Mississauga and downtown Oakville. Welcome to Wolf Law Chambers. This workspace has virtual offices to fulfill your professional needs and requirements. The benefits of renting a virtual office space at Wolf Law Chambers include accessibility to an elegant boardroom to seat and meet with your clients, a registered mailing address, clerk office spaces to use and complete your tasks, access to mail and courier services, a readily available printer for copying/faxing/scanning, and access to a private internet network. We also have diligent and reliable process servers whose services you can use, IT support for your practice, and office coordinators always available to help. Wolf Law Chambers is the perfect office space for legal professionals looking to operate from a virtual office, but that was just the tip of the iceberg.
Here at Wolf Law Chambers, we aim to provide legal professionals with all the tools they need to succeed. Our goal is to build a community of legal professionals that can work together in collaboration and grow together. Although the legal professionals operate under their own professional corporations, they are able to work in collaboration on matters which encompass their areas of expertise. We have marketing and content creating specialists who are able to write and publish articles in your area of practice. We are constantly looking to promote everyone within our community. We provide the best platform we possibly can to all of our members and want to see them grow in their practice at all times. We host onsite events, seminars, and CPD workshops with some of the industry’s leading professionals. At these events we leave the floor open for anyone from Wolf Law Chambers to share their experience and expertise in their field. We aim to give all members of our chambers as much exposure as possible.
In providing extensive support and promoting your practice, we want to see you flourish in your legal practice. Come and visit Wolf Law Chambers at 90 Matheson Blvd. E. in Mississauga and 277 Lakeshore Road East in Oakville and see how we can help you build your practice and provide a sustainable platform for you to thrive in your legal career.
Learn How You Can Survive the Law Society Audit
Wow, what an amazing turnout on the eve of October 10th, 2019 at Wolf Law Chambers! We had Mark Dormer of Cosgrove give a very insightful presentation to our electric audience. It was a true success, so much so that we are hosting another in depth presentation on readying your practice for the Law Society audit in the early part of 2020. We host a variety of seminars, workshops and Continuing Professional Development (CPD) initiatives but the Law Society audit is one that touches base with all legal professionals. We have all gone through an audit by the Law Society or will be going through one in the near future. Instead of leaving things to the last moment and stressing yourself, the best approach is to ensure that you are complying with the outlined practice strategies for your area of practice from the beginning. This ensures that the proper processes for record keeping are already in place and excellent habits are developed. Thus, you will not only ‘survive’ the audit, you will thrive and excel in your legal practice.
Mark Dormer, owner and president of Cosgrove, possesses grassroots knowledge of law firm management and is able to transfer is effectively to legal professionals in all areas of practice. These techniques help improve profitability and guarantee that the fear of Law Society audits is alleviated. Marks Dormer suggests that in preparation for the audit, legal professionals should:
- Develop processes for record keeping procedures that are compliant
- Maintain those systems
- Maintain up to date records
- Be proactive
Instead of panicking and scrambling things last minute, doing the above will most definitely yield the right results for you. The keys for a successful audit and practice management established by Mark Dormer are financial and client record keeping.
For financial record keeping:
- Record method of receipt for trust and general transactions (cheque, wire, etc.)
- Record method of payment for trust and general transactions
- Prepare a Form 9A for electronic transfers out of trust
- Maintain valuable property record
- Maintain cash receipts book
- Maintain Referral Fee Journal
For client record keeping:
- The client’s full name.
- The client’s business address and business telephone number, if applicable.
- If the client is an individual, the client’s home address and home telephone number.
- If the client is an organization, the organization’s incorporation or business identification number and the place of issue of its incorporation or business identification number, if applicable.
- If the client is an individual, the client’s occupation or occupations.
- If the client is an organization, other than a financial institution, public body or company that is not a private company, the general nature of the type of business or businesses or activity or activities engaged in by the client, where applicable.
- If the client is an organization, the name, position and contact information for those individuals authorized to give instructions with respect to the matter for which the licensee is retained.
- If the client is acting for or representing a third party beneficiary or a principal, information about the beneficiary or principal as applicable.
- Verification of identity when receiving, paying or transferring funds.
It is clear that a successful audit requires for a legal professional to execute proper record keeping techniques that are in compliance with the Law Society’s code of conduct. Building the right habits from the initial stages of your practice will establish processes that allow for you to manage your practice with the highest efficiency. It is very much possible that an auditor may note down a few areas of concern despite your aim for perfection but that is nothing to be worried about. The auditor is only trying to HELP YOU! Take note and consideration of their recommendations and speak openly to them about how you can improve.
For future seminars, workshops, and Continuing Professional Development (CPD) courses, you are welcome to visit Wolf Law Chambers at 90 Matheson Blvd. W, Suite 101, in the heart of Mississauga. We aim to provide a shared workspace for legal professionals to flourish by equipping them with the tools and resources they need to succeed.
Take Your Presentation Skills to the Next Level with These Tips and Tricks
Ever felt nervous while delivering a presentation in front of 5 people? How about 20? Perhaps a 100? What about 1000 or more? Because I surely have! We prepare countless hours to present in front of a crowd, speak in front of the mirror, create que cards, rehearse with and without them, and/or memorize our presentation but still end up losing confidence and getting nervous when the lights shine bright. It doesn’t have to be that way, since it is definitely within our power to change the way we perceive our audience and the way they perceive us. We are fully capable of conveying the message we want and addressing our crowd with glowing confidence each and every time we deliver a presentation. Doing so can surely generate the results we desire and steer us in a direction of accomplishing our aims when presenting.
Max Beaumont, founder of Potato Chip Communications, helps individuals with their public speaking and communication skills through coaching and consulting. His presentation on Presentation Skills for Lawyers was very insightful and thorough in advancing my awareness on how to become a better public speaker and communicate more effectively with my audiences. Throughout his findings, he has come up with a few concepts that are sure to enhance one’s presenting and public speaking abilities.
Mindset
Max spoke on the importance of one’s mindset as a presenter. He said that in order to evoke confidence and energy, one has to focus on how they are helping their audience. This notion creates synergy between the audience and speaker, and your audience will pay attention to what you have to say because you are initiating a sense of care for them. In preparation for your presentation, it is essential that you constantly reflect on how you may be able to help your audience and convey this to them as well. This in turn reciprocates the same effect back and you are able to effectively communicate with your audience.
Body Language
In terms of communication, enough stress cannot be placed on the significance of body language. Max broke down the communication formula with words equating to 7%, tone equalling 38%, and body language being the highest totalling 55%. Our body language conveys more information about us than any other factor so we must pay attention to what we are ‘saying’ even though we may not say a word. Confidence through eye contact, gestures, posture, and your facial expressions will leave an everlasting impact on your audience and convey to them that you care and want to help them.
Audience Interaction
Another critical approach to enhance audience interaction is the remembrance of names. According to Max, name memory involves the following:
- Have a Why
- Be Present
- Repeat Name Out Loud
- Repeat Name In Your Head
By doing so, you are getting members of your audience directly involved in the presentation and establishing a personal connection.
Direct engagement with your audience group also involves asking questions and addressing them by their name. These questions should be relevant to your topic and easy to answer. When asking a question, limit it to a response of a simple yes or no.
Simple & Relevant Messages
As Max outlined, “If you confuse people, you lose people”. Due to short attention spans, keeping people engaged in your presentation is extremely difficult if you do not keep things simple. Avoid jargon and unnecessary words, use relevant examples wherever you can, and above all, simplify the message best you can. There is a reason Albert Einstein once said, “If you can’t explain it simply, you don’t understand it well enough”.
Tone & Delivery
When presenting, be authentic and do not act as if you are a salesperson trying to sell something. Treat the presentation as a normal conversation with the audience. Be inclusive and use references your audience may know. This gains their attention and allows them to relate with you. This forms an understanding and when people sense that you understand them, they are inclined to listen to what you have to say. When addressing you audience, use familiar words and language that they are used to hearing.
Additionally, your tone is equally as important to delivering a powerful presentation. If you are monotone, your audience perceives you are boring, and they will probably disengage immediately. Genuine conversations have changes in pitch patterns and enable our audience to become more interested in our presentations. Your confidence and excitement is revealed through your tone and if you present yourself in such a manner, your audience will definitely feel it.
See It In Action
Incorporate these techniques in your next presentation and I guarantee you will surprise yourself with the results you encounter. Are you still not sure about how you can apply these methods for yourself? Come and visit Wolf Law Chambers for a presentation and see how we implement these techniques to perfection. Come out to 90 Matheson Blvd. West, Suite 101 in the heart of Mississauga to tell us about yourself and learn a few strategies for your next presentation. We are hosting an in-depth seminar on what a Law Society of Ontario audit looks like and how you can prepare your practice to be audit ready. We welcome you to RSVP for our Surviving the Audit event taking place on October 10th, 2019 from 6-8 p.m.
-Narvir Goindi
Reinventing the legal framework
Dezso Farkas
The significance of a man’s prestige is a collective reflection of all his attributes. Dezso Farkas is a man of many attributes. Apart from being a law practitioner and an entrepreneur who helps start-ups, Dezso is responsible for the conception of Wolf Law Chambers. The chambers, described as a multi-disciplinary law practice, is an innovative approach to providing a workplace where legal professionals can seek support and resources, while maintaining their status as a singular entity.
Educational Background
Dezso graduated with a BA Honours degree from York University and then went on to earn his Master of Laws (LLM) degree (specializing in Corporate Governance) and a Juris Doctor (JD) degree, both from Osgoode Hall Law School, York University. Soon after he was called to the Bar and currently, he is licensed to practice as a Barrister & Solicitor in the Province of Ontario.
Apart from periodically visiting the courthouse, Dezso made time to publish several articles in the prestigious Delaware Journal of Corporate Law, Transnational Legal Theory Journal and the London Review of International Law. On a certain occasion Dezso also served with the Institute for Global Law and Policy at Harvard Law with his expertise on the legal side.
Professional Ventures
The scope of Dezso’s abilities is not just limited to law. On top of being a real-estate entrepreneur with considerable experience in the field, in the past Dezso has also acted as a director of the Reliant Gold Corp., a publicly traded junior mineral resources company.
Farkas Law “Business Lawyers”, the independent law firm chaired by Dezso Farkas, caters to the needs of small and medium-sized business clients. The self-description of the firm is stated as a body of “Business Lawyer” with an aim to provide customized legal services, guidance and trusted advice for business ventures of all kinds. Currently the clientele of Farkas Law includes start-ups, commercial landlords, real-estate developers, manufacturing companies, non-profit organisations and small business owners. The firm acts as an external “in-house” corporate counsel to save their valuable resources and focusing them towards successful outcomes.
Dezso’s substantial history of merit is a result of his personal ideology which can be better expressed by himself:
I believe in continuous professional growth and I am committed to gaining new knowledge and experience to better serve the needs of my clients.
Dezso Farkas
Vision
Ideally lawyers are intended to be a means of resolving problems for their clients. Sadly, not all lawyers are attuned to the needs of their clients. For Dezso Farkas, the motivation to become a lawyer came from his own unsavory past experience. As a young entrepreneur, Deszo encountered some obstacles and to resolve them he obviously pursued legal assistance; unfortunately, he got saddled with a ‘disengaged’ lawyer. At this point Dezso realized how detached lawyers are to the ideology of young entrepreneurs. Back then, if he had been a lawyer, he definitely could have handled his case more efficiently, he realized that going into law practice could be a real opportunity for him to help people.
Young entrepreneurs have no idea of the trouble they might get into when they are starting out. Its not possible for them to know everything about the line of commerce they are about to enter on their own. The consequences of their natural ignorance can sometimes be dire. Consequently, it is more complicated to undo a problematic situation than to avoid it in the first place.
Nevertheless, if an entrepreneur seeks the right advice from the very beginning, there’s no reason for them to get into trouble. According to Dezso, the biggest complaint he hears from his clients is that other lawyers don’t understand their clients’ businesses. Dezso on the other hand wants to understand his clients’ businesses and perspectives. He has a desire to leave people better than when they first came to him seeking a solution to their problems. In his own words, Dezso wants to be ‘Their Trusted Advisor’.
Wolf Law Chambers
Not all lawyers have the innate ability and the right personality to make it as sole practitioners. Lawyers who possess such qualities cannot work under others for long and can only thrive when they work for themselves. However, when these lawyers enter the domain of sole practice, they face a multitude of unique challenges they are not ready for. Support is non-existent as a result of their isolation and limited networking opportunities. The Law Society provides certain resources, to help solo firms stay compliant, but they have no avenue of providing any personalized advice in light of the ever-evolving business landscape to individual lawyers. In terms of modern-day workspace flexibility, the options for a lawyer on his own are very limited. Sometimes it becomes practically impossible for them to go out and search for law-based developmental resources to further their practice.
To Dezso the idea behind the creation of Wolf Law Chambers came as a solution to all the problems discussed above, which are being faced by lawyers. The services available at Wolf Law Chambers are uniquely targeted for law professionals, in order to allow them to grow personally in their sphere. The networking opportunities at Wolf Law Chambers are incredibly advantageous for sole practitioners. All the available resources, connections and events, allows lawyers to seek counsel from others in their profession, without any prejudice and with the purpose of benefiting each other. All of this is being carried out by lawyers at Wolf Law Chambers, while retaining their status as owners of their own law firms.
All lawyers should seek every opportunity they can to enhance their practice.
Dezso Farkas
Future
For Dezso Farkas, the future is just as promising as his present. He’s already planning to launch his upcoming project; the Legal Innovation Centre. Legal Innovation Centre will act as a ‘technology incubator’ to mentor start-ups in areas of legal research and development. According to Dezso, currently technology start-ups in the GTA West area are facing many challenges. There is a definite need for a facility like Legal Innovation Centre. The center will alleviate issues using their 3-step assistance plan; finding funding programs, providing a collaborative space and introducing start-ups to an already established network of industry experts. Legal Innovation Centre will focus resources on technological innovations which aim to shape the legal industry.