Launch Detail for 'HireTrade'
Announced by lawyerlarry
on SEP 15 2007
Tags:
web 2.0
legal
lawyer
wisdom of crowds
attorney
matching
HireTrade is a new online system connecting clients with legal professionals. HireTrade can be used to hire professionals for legal work performed on-site in your offices, off-site, or remotely. The HireTrade Connect system to handle time entry, billing, payment processing, and optional employer-of-record service for any engagement is powered by HireTrade’s patent-pending HourlyValue Ratings System that helps to ensure that clients get the best service for their money from the professionals they hire.
Whether you are a law firm looking to hire contract legal professionals or outsource some of your legal work to qualified U.S.-licensed legal professionals, a business in need of expert legal assistance, or an individual in need of legal representation, you can use HireTrade to find the right legal professionals for your project.
Project posting is free and while you are also free to engage any legal professionals you find for your projects through any method you choose, the optional HireTrade Connect Service offers many advantages compared to engaging professionals through other methods or even directly.
HireTrade Connect includes:
• The patent-pending HourlyValue Ratings System that helps to ensure that clients get the best service for their money from the professionals they hire;
• Time entry;
• Billing;
• Payment processing using HireTrade’s online system; and
• Optional MyBizOffice employer-of-record service.
Some of the Advantages of Using HireTrade Connect:
• Better Service
o The HourlyValue Ratings system incentivizes professionals to perform to the best of their abilities. After a project where HireTrade Connect is used, the client is asked to rate the professional’s performance using the patent-pending HourlyValue Ratings System. The HourlyValue Rating is the monetary value per hour billed that, in hindsight after viewing the work product upon completion of the project, the client feels the professional’s work was worth.
• Discourages Over-billing
o For all projects, the HourlyValue Ratings system also provides a natural and powerful check on overbilling, without resorting to monitoring or other paternalistic and costly methods.
• Lower Fees
o As opposed to temporary legal agency fees, which often amount to 30-50% or more of a professional’s gross billings, HireTrade charges only a 10% commission from the professional’s gross billings. The client is not charged at all.
• Find the Best Professionals
o Clients, not a self-interested agency, choose the best professionals for their own projects and have access to more highly-qualified professionals
o In addition to those professionals with profiles already on the site, many more professionals fitting the client’s exact needs will sign up and express interest in response to the client’s project posting
• Flexibility
o HireTrade Connect is a flexible, customizable option that you can use to hire legal professionals for virtually any legal matter
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