Check Out Our Top 10 Blog Articles!
Law Firm Suites provides blog content to help aspiring and established solo attorneys and small law firms alike. On this blog, we have gathered the top 10 must-read articles on starting your own law firm. Continue reading and see the benefit of this content.
5 Questions to Ask Yourself Before Starting Your Own Law Firm
Did you know that 20% of small businesses do not make it past their first year — and nearly 50% will close their doors before their five-year anniversary? Solo and small law firms fall under this same shocking statistic. Nonetheless, eager entrepreneurial lawyers regularly take the plunge in order to follow the American Dream of owning their own firm and being their own boss. If you are thinking about blazing your own path, despite the odds, you are not alone. But how do you start a law firm that will stand the test of time and beat the odds? There are many things you can do to prepare yourself or tools you can buy, but having a set plan and established goals will help make sure your practice starts out on the right foot.
6 Reasons Why It’s The Right Time To Start Your Own Law Firm
Starting your own law firm is something many lawyers consider at some point in their careers. Stepping out on your own, finding success, and building a practice based on your own values can be appealing. But when is it the right time? This article explores six reasons to start your own law firm and why you should act on it today!
With a Business Mindset Your Solo Law Firm Can Succeed
Life for a New York lawyer operating a solo law firm runs at a breakneck speed. When you choose to go solo, the buck stops squarely with you. You are no longer only a lawyer, you’re an entrepreneur who has to constantly wear several different hats. You’re a marketer, bookkeeper, payables and receivables clerk, researcher, receptionist and quality control specialist. The list is virtually endless. Add to that the need for consistent networking and you have multiple mountains to climb every day.
Leaving A Firm and Going Solo: Advice On How To Succeed As A New Solo
Don’t assume that owning your own solo law firm is something mythical or impossible because it isn’t. Yes, it is very different from being an associate or partner working in someone else’s firm, but that doesn’t mean you shouldn’t pursue the idea of being a solo practitioner. If you’ve delayed starting your own solo venture because you can’t quite figure out how to make the mental leap from employee to owner, this article is for you. Here is what is necessary to get into the right mindset.
Top 3 Tips for Starting a Law Firm or Any Small Business
I made the transition from government service to my own practice back in 2013. Now, six years later, my law firm is not only surviving but thriving. I’d like to share with you three tips that I wish someone expressly told me when I first started out on my own. Frankly, I had to learn most of this information the hard way.
A Lack of Passion for your Practice can Result in Financial Ruin
There are few things worse in life than working in a job or profession that you are not passionate about. This is especially true for attorneys. Just stating the obvious – we work more hours than the average professional. The work is intellectually demanding and adversarial in nature, which in and of itself creates a lot of stress. Then, factor in that the quality of our work is backed up by the risk of losing our personal assets, and you could easily deduce that there are far easier ways to earn a living.
What Not To Do When Starting A Law Firm with a Virtual Office Rental
So you’ve decided to start your own solo law firm. You have everything planned out and you’ve already decided to use a virtual office rental. You have thought of everything…or have you? Before going out on your own, you have to make sure you have properly prepared yourself for the journey ahead. The best thing any solo attorney can do is to overplan. To help, avoid making these mistakes when opening up your law practice.
My Biggest Regrets Since Starting My Law Practice
I was recently asked what I would do differently if I had the chance to start my practice all over again? That is a tough question to answer on the spot, and I have since given it a lot of thought. For the most part, I think things turned out pretty well for me, but there are a few things I regret. One of my biggest regrets was failing to clearly identify my ideal client from the start. Having a vague idea of who I was trying to reach made marketing and networking really difficult in the beginning, and it was frustrating to take cases that I wasn’t really interested in.
How to Move Your Law Office With Minimal Disruption
Moving your office is about as pleasurable as paying your taxes. Most likely, you barely have enough staff to handle your current caseload, never mind all the additional responsibilities that will come with the move. That being said, it is obvious that moving your firm to a new office can be a daunting task. To help, we have come up with five quick and easy pieces of advice that will make your move much quicker, and less painful.
Law Firm Marketing Cheat Sheet for Entrepreneurs Looking to Start Their Own Practice
You can’t just launch a new business and start offering your services if you want to have your own law firm. Aside from the fun parts, like coming up with a name for your firm and designing a logo, you will also have to do some administrative work to make your law firm official. This is a big step toward being able to say that you run your own legal firm. Follow the guidelines on this helpful cheat sheet to get off to a good start. While the example is a divorce lawyer starting a family law firm, this applies to most law practices.