A law graduate is establishing a boutique practice after garnering a cash award from her university to help her launch the firm.
Leeds Metropolitan graduate Karen Vera completed her LLM in Construction Law and Dispute Resolution in 2010. She will use the funding from Leeds Met’s Vice Chancellor Enterprise Scholarship to launch planning and construction firm Jubilee Law, working with business partner David Walker to do so.
The pair are qualified lawyers who studied the LLB at Lancaster University together.
They will shun the typical hourly billing structure used by firms and will instead opt for an upfront pricing model.
Vera said: “In the current economic climate, there’s a general desire for companies to control their legal spend. Most law firms bill their clients using an hourly rate model.
“The business model we’re pursuing is to provide upfront clear pricing which we believe will assist companies and individuals to control their legal budgets and give our business a competitive edge.
“We felt the market was ripe for SMEs [small and medium enterprises] looking for quality legal advice but at a competitive price. Our intention is to provide clear pricing which meets their needs.”
Jubilee Law will use the £3,000 worth of funding to launch its website and advertise its services.
The Vice Chancellor’s Enterprise Scholarships provides Leeds Met graduates with funding including business advice and mentoring, membership of the Leeds Chamber of Commerce, a city centre business address for 12 months and support through the university’s business incubator.