Fractional General Counsel Explained: The Future of Legal Services w/ Michael Ciccolone
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"Every lawyer that I've proposed this to says I'm crazy. And they're like, why would you ever cut your bill off?"
In this episode, Roger Jorns interviews Michael Ciccolone, a corporate tax attorney who is challenging the status quo of the legal industry.
Michael breaks down his unique "Fractional General Counsel" model, which offers businesses a dedicated Chief Legal Officer on a subscription basis...saving them from the skyrocketing $1,000+ hourly rates of big firms!
We discuss the critical importance of building long-term relationships with legal counsel rather than just treating them as a transactional service.
Michael also gives his expert take on Artificial Intelligence in the legal field, warning about the dangers of relying too heavily on AI for contracts and why the industry may be heading toward a new apprenticeship era.
If you are a business owner wondering how to get high-level legal strategy without the high-level price tag, this episode is for you.
00:00 – Intro: Why other lawyers think Michael is crazy
01:38 – Michael’s background as a corporate tax attorney
03:13 – The problem with $1000/hour legal fees
05:58 – Explaining the Fractional General Counsel subscription model
11:15 – The value of long-term relationships over transactions
14:38 – Will AI replace lawyers? (The apprenticeship model)
18:56 – The pitfalls of using AI for legal work (Hallucinations & Bias)
24:08 – When should a business hire a lawyer?
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Chat with Michael: https://calendly.com/michael-blacklinegc/30min
Connect with Michael LinkedIn: https://www.linkedin.com/in/michael-beltran-b39b3b180/
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About Reanimated Stories: Hosted by Roger Jorns, I talk with awesome business leaders about their story and we explore how to reimagine work, life, and design.
Connect with Roger: linkedin.com/in/roger-jorns
Check out my website: reanimationdesign.com
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