Your law practice as a small business As an independent lawyer, you are a small business owner. In order to achieve success for your firm, you must start with a foundation of sound business practices. Below are three business basics for independent lawyers that you need to get started: Financial Planning It is essential to [...]
Making a smooth transition to independent law practice There are lawyers everywhere who are satisfied with working for big, corporate law firms. With that being said, there are many others who would rather branch out and try to make it on their own. If you are one of the many lawyers making the mid-career move to [...]
Where to find funding for your law business If it were 1910, you could open a law practice for two in a small, one-room office and sit knee-to-knee at a two-sided desk. All you would need is a file cabinet and a supply of legal pads and pens. Now, you need at least sophisticated telephones, [...]
Independent law firm rules and regulations Lawyers entering solo practice face some unique issues in addition to the usual small business challenges. If you're considering starting, or have recently started, a solo or small-firm practice, make sure you're prepared to handle these five key challenges: Marketing and advertising Lawyers, unlike other professions, often face strict rules [...]
LawBank founder and independent real estate attorney Jay Kamlet recently teamed up Patricia Kittel Perez of RELS in to complete a $29,841,000 sale-leaseback agreement for Breckenridge-Wynkoop, demonstrating the power of collaboration when independent lawyers team up to manage a large-scale deal. Read the full details here: The Strength of the Solo - Breckenridge-Wynkoop Deal.
Independent law firm marketing lessons Entrepreneurship takes a lot of information and a lot of hard work. When you work for a large company, they do a pretty good job organically marketing your skills. For instance, if you work for a respectable law firm, then you are verified by that company. After all, you must [...]
Moving from a big law firm to independent practice requires a new mindset When you consider moving from a large law firm to a small firm, or going it alone, think about it as a total career move. Such big career decisions need more personal investigation than most of us realize. As much as we don't want [...]
Helping your independent law practice grow without breaking the bank You may have thought about the challenges of small business ownership, if you're thinking of starting your own law firm, but you can overcome anything that seems like an obstacle. Some of the challenges are: Finding clients Finding office space Buying equipment, supplies and software [...]
Creating a rewarding independent law practice Congratulations, new lawyer! You've made it out of school and now you're ready to take the next step in your professional future by seeking out a law firm. Before you apply to all the places creating buzz among your colleagues, you might want to consider starting your own firm. [...]
