So just did an article about ANOTHER company getting crushed in a TCPA class action because they trusted #biglaw to defend them and it got me thinking.
Why does this keep happening?
And its root its because of the #biglaw model. Partners get paid under the table– kickbacks if you will– when they recommend clients/companies to use other partners at the firm. Its like an inside sales gig.
But here’s the problem.
This is PLAINLY a conflict of interest and 99% of the time the lawyer making the “recommendation” never reveals to to the client/company that they will be getting a cut of the compensation. So they’re steering an influencing the company/client to use somebody that– in many instances– they know is not as good as others in the field, and they’re getting a secret profit for it without even telling the client.
This is so icky and unethical but also seems like it should be illegal.
The FTC has made it clear social media influencers cannot promote products without advising they’re being compensated to do so. Attorneys are influencers with 100 times the power– why shouldn’t they be required to reveal their secret profits?
Hmmmm.
Deserve to win folks.