Top 10 Articles on Money Management While Starting a Solo Firm

By Law Firm Suites - January 17, 2021
Top 10 Articles on Money Management While Starting a Solo Firm

Check out our top 10 blog articles!

Law Firm Suites has amazing blog content designed to help aspire and established solo attorneys and small law firms. We’ve gathered the top 10 Law Firm Suites blog articles on money management while starting a solo firm. Take a look and see the benefit of this content.

How To Master The Money Conversation

A common issue I hear from other lawyers is that they find it difficult to get paid. In my experience, combating these issues starts before you are even hired by a potential client. By being upfront about your fees and how you expect to be paid, it’s easier to manage clients’ expectations and weed out potential clients who will have a problem paying down the line. In this week’s edition of Things I Wish I Knew, solo lawyer Joleena Louis tackles how to handle the often awkward money conversion.

3 Tips for Bouncing Back After a Setback

If you are going to grow your practice, then you’re going to make mistakes. They are an essential part of any growing business, and how you handle them can determine your firm’s future. Everyone makes mistakes, but we do not respond the same way. So if you want to grow your practice? Then understand you will make mistakes. Follow these three tips to ensure you recover quickly and effectively.

Going Solo Practice-Without Going Broke

Starting your own solo practice can be both exhilarating and terrifying, follow this article to make sure you are ready for all the different aspects of life as a solo lawyer.

7 Best Articles For Creating Helpful Payment Plans For Your Clients

Payment plans are not always the easiest to set up, and if not done correctly, might actually do more harm than good. Use these awesome resources to help you create payment plans that your clients will love.

4 Ways a Law Office in a Shared Space Will Revive Your Practice

Running a law practice is a journey with many peaks and valleys. There are times when you can’t seem to make anything work in your favor and your success starts to stagnate. You begin to realize you need to make a change in order to rebuild your momentum. Learn how a shared office space can turn things around for your law practice.

5 Expenses Solos Fail To Prepare For

Starting a solo practice can be inexpensive, for example leveraging free tools and a home office can help if you keep your overhead low, but there are some expenses that many new solos may not consider. These expenses can quickly inflate your monthly bill to an unreasonable amount. And before you know if, your once inexpensive solo law firm has become overwhelmingly expensive. In this week’s edition of Things I Wish I New, New York lawyer Joleena Louis discusses the expenses that caught her solo practice by surprise.

Leasing Office Space Seems Reasonable, but Your Monthly Costs Will be a lot More than You Think!

Leasing office space directly from a commercial landlord has its perks, but they don’t come cheap. Seeing your firm’s name displayed on the door is good for your ego. Decorating the office exactly how you want it is rewarding. Being able to make up all the rules isn’t bad either. That is, of course, if your firm is willing and able to pay for the privilege. To help, we have put together a list of some recurring expenses that you would responsible for when leasing space directly from a landlord.

The Sacrifices Lawyers Have Made When Starting Their Own Practices

Whether you are just finishing up law school and can’t find a job, or you’re leaving a firm to pave your own path, there are some things every solo lawyer has in common. Almost every solo lawyer has had to make sacrifices in order to start their own practice. Starting your own practice requires much more than hard work. Learn about the sacrifices other solos and small firm lawyers have had to make in their own firms.

Downtown Manhattan Office Space Should Stay Affordable For Lawyers

It’s common knowledge that the downtown Manhattan office space is the most affordable in the borough. But like most areas in Manhattan, office prices have been rising steadily. Notwithstanding, traditional users of office space like law firms should continue to find value rentals for several years to come. Follow this article for more information. 

How to Run a Law Practice on Less Than $400 Per Month

You’ve decided you want to start your own law practice. It’s a huge, life-changing move, but you finally feel ready to fulfill your dream of becoming your own boss. It’s exciting, but now the planning begins. Smart financial planning and thorough researches were the two things that helped intellectual property and litigation attorney, Arthur Spence*, the most when he first launched his solo practice.

Convert Office Rent to Referral Revenue

About Law Firm Suites

Law Firm Suites is the leading NYC shared office space for solo attorneys and small law firms. At Law Firm Suites, attorneys get headache free sublet office space, virtual office rentals and litigation hotel services. Law Firm Suites has two locations in Manhattan, one in White Plains NY, and one in Annapolis MD. Law Firm Suites' community of self-employed lawyers are eager to help colleagues succeed, and routinely exchange over $2.5 million in legal business every year in each LFS business center. Connect with Law Firm Suites on Twitter and .

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