Season 4, Episode 3: Outside General Counsel and Alternative Fee Arrangement (with Steven J. Shanker, Esq.)

Welcome to a new episode of Notes to my (Legal) Self, where we dive into the evolving landscape of the legal profession with insights from those at the forefront. Today, we unravel the intricate world of for-hire transportation law and the innovative role of Outside General Counsel with Steven J. Shanker, Esq., a seasoned expert in navigating the turbulent waters of this dynamic industry.

Steven brings over two decades of experience advising companies that have faced the disruptive forces of Transportation Network Companies like Uber and Lyft. His approach has helped these businesses thrive amidst chaos and redefined the traditional client-lawyer relationship through alternative fee arrangements and the strategic role of an Outside General Counsel. This model fosters a partnership that aligns the interests of both parties, leading to more efficient and cost-effective legal services.

In our conversation, Steven illuminates the complexities of for-hire transportation, a field transformed by regulatory challenges and technological disruption. He shares how his entry into this niche area was marked by building robust connections with industry leaders, which he affectionately refers to as the "circle of love." These relationships have been pivotal in maintaining a competitive and healthy industry ecosystem.

Listeners will gain invaluable insights and learning outcomes from this episode:

1. Understanding the Outside General Counsel Model: Learn how this model can revolutionize the delivery of legal services by aligning lawyer and client interests, reducing costs, and increasing service efficiency.
2. Navigating Industry Regulations: Discover the critical role of legal expertise in navigating complex regulatory environments, particularly in industries like for-hire transportation that are heavily influenced by local and federal laws.
3. Adapting to Industry Disruptions: Gain insights into how businesses can adapt legal strategies to thrive in industries disrupted by technology, using the for-hire transportation industry as a key example.
4. Building Professional Networks: Understand the importance of cultivating strong industry relationships, or the "circle of love," to foster a supportive and collaborative professional environment.

This episode is not just a legal discourse but a masterclass in adaptability and innovation in legal practice. Whether you're a legal professional, business owner, or just curious about the intersection of law and business, a wealth of knowledge is waiting for you. Tune in, ask questions, and be part of the conversation that could redefine your understanding of legal services and their impact on business strategy.