Many attorneys have successfully hung their own shingle, but it can be daunting to do this on your own. Part of the appeal of BigLaw is that someone else will make the big decisions for you. But this also means micromanagement and other crimes against your independent nature. Here are a few tips to remember as you begin your own solo practice.
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Bar Leader, an extension of the ABA, conducted a survey on millennial and Generation Y lawyers. It found that 75 percent of Generation Y lawyers felt that their law school failed to provide them with much practical training or information on how to actually practice law.
Of those numbers, 66 percent of those even had significant clinical experience while in school -- and they still felt like they were under-prepared. Some noted that law professors were fully aware of the situation and did little to prepare the students. So, who is training the next generation of lawyers?
According to some designers out of California, lying down helps you focus on your work and they've have built a work station based on that very concept. In 2016, we'll be able to try it out.
The Altwork Station is one of the latest additions to the ergonomic "be-comfortable-while-you-work" craze. And at the current pre-order price of $3,900 per unit, it's a steal for a chance to own your very own transformer.
If you're one of those "good enough" legal practitioners, this piece will make you squirm in your seat. Lawyers must be a dry bunch overall, however, because the The Solicitor General's Style Guide: Second Ed. just took Amazon's #1 new release in legal writing.
This admittedly handy little tool will serve dual functions. Not only is it a helpful desktop reference for practitioners who want their writing to appear its best and to conform to accepted conventions, it also serves as a great nerding-out joke piece for lawyers who get inside jokes.
First impressions are important. If you want to make a great first impression on prospective clients, it's crucial to have a great lawyer bio. Whether it's the bio on your website, your LinkedIn page, or some other online destination, you should keep it up-to-date, reader-friendly, and appropriately detailed.
Want your bio to stand out? Follow these 7 tips:
Ah, the Yellow Pages. Even millennials might remember this vaguely comforting tome of a book. Did you know that the Yellow Pages continues to live on in the world of online directories?
Although it sounds crazy, law firms might want to consider updating their listings in the Yellow Pages online directory. Even though people tend to default to Google or Bing these days, online business directories are relevant to the health of your firm.
If you've had a good run with your solo law practice and you've decided the time has come to leave, you have a number of choices.
One: Close out your files, don't take on new clients, and hang a sign that declares "Out of Business." Two: You could sell your business to another competent attorney who will carry on the practice.
Many lawyers dream of landing a corporate client with deep pockets or a millionaire businesswoman with a litigious ex -- anyone willing to pay an exorbitant hourly rate and to pay it often. But while the wealthiest few have no problem finding representation, there are millions of potential clients who need lawyers but cannot afford them. These aren't just indigent clients either.
Adopting a sliding, income-based billing rate can help you reach clients who would otherwise go unrepresented, without giving away your services for free. Could it work for your firm?
These days, pretty much any lawyer with a laptop, a cell phone, and a bar membership can start her own solo practice. There's no need for the wood-paneled offices or stacks of legal reporters. Solo practice can offer you more control and greater flexibility in your work, but it also requires that you take on the role of manager, accountant, marketer and more -- in addition to your legal responsibilities.
Lawyers thinking about opening their own practice should carefully consider their options beforehand. Here's three questions to ask before you go solo:
Like Bruce Wayne, I have an alter ego. In my alternate life, I'm
Batman a solo practitioner who works from home. Lots of solos have a separate office, but being that I'm part-time, all that office space wouldn't make sense. Other solos work from home because it's cheap and there's not much reason to rent office space.
Writing briefs in your pajamas is great, but logistical headaches flare up from time to time. Without the features of a fully equipped law office, solos who work from home have to fend for themselves when it comes to things like printing, mailing, and filing.
Here are some of the common problems we face, with some handy solutions: