The Best Fee Share in a Regulated Market: Understanding the Difference Between Regulated and Unregulated Law Firms

John McAuley, Chief Marketing Officer & Head of Talent

Estimated read time: 3 Minutes

At Nexa, we offer one of the best fee-share models in the regulated legal market. Our approach not only provides financial rewards but also ensures that our consultants operate within a secure and compliant framework. Understanding the differences between regulated and unregulated law firms is crucial for appreciating the benefits of our model.

Regulated vs. Unregulated Law Firms

Regulated law firms, like Nexa, adhere to the stringent professional standards set by the SRA. These regulations are designed to protect clients, ensure ethical practices, and maintain high standards of service. Unregulated law firms, on the other hand, are not subject to the same oversight and are free to operate with fewer constraints. This lack of regulation can lead to potential risks for both lawyers and clients.

Why Regulation Matters

Regulation provides a level of assurance and trust for both clients and lawyers. For clients, it means that their legal matters are handled by regulated professionals who are held to high standards of competence and integrity. For lawyers, it ensures a structured and supportive environment where ethical practices are upheld. At Nexa, our regulated status means that our consultants can be confident that we adhere to the highest standards in all aspects of our business.

Nexa’s Fee Share Model

Our fee share model is designed to reward our consultants for their hard work and success. Our consultants retain the lion’s share of the fees they generate with consultants who introduce their own clients and matters benefiting from 75% of the overall fee. This can rise to 85% once certain thresholds are met.

You can obtain a tailored calculation of your potential earnings here.

With one of the best fee shares in the regulated market, our consultants are fairly compensated for their work while remaining safe in the knowledge that Nexa is there to deliver on all the obligations of a regulated law firm.

Ethical Practices

At Nexa, we prioritise ethical practices to promote client trust. We expect all our lawyers to uphold the highest standards, and this ensures that you are in good company when you join Nexa as a consultant. Our compliance team ensure that you can meet to the rigorous professional standards placed upon you as a regulated individual and we undertake regular audits of our practices and procedures to ensure that we are always operating in a compliant manner.

Support and Resources

As a regulated firm, we provide our consultants with access to extensive support and resources. This includes professional development opportunities, access to advanced legal technologies, market leading knowledge resources and a network of experienced colleagues. These resources enable our consultants to deliver exceptional service and achieve their professional goals. Our dedicated support teams, including compliance and accounts, are always on hand to assist with any queries or challenges, ensuring that our lawyers can focus on doing what they do best – legal work.

Professional Development and Training

At Nexa, we believe in continuous professional development. We provide our consultants with regular training and development opportunities to keep them up-to-date with the latest legal trends, technologies, and best practices. This commitment to ongoing learning ensures that our lawyers are always equipped with the knowledge and skills necessary to excel in their practice and helps to ensure that our lawyers meet their regulatory obligations in relation to continuing professional development.

A Rewarding Career at Nexa

Joining Nexa means becoming part of a firm that values your expertise and hard work. Our fee share model ensures that you are rewarded for your contributions, while our regulated status provides a secure and supportive environment.

For a confidential, no obligation chat about becoming a consultant lawyer with Nexa, email or call John McAuley, our friendly CMO and Head of Talent.