Starting Your Own Practice

Considering starting your own practice? Check out the sections below for business tips and considerations by category.


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overview

Many lawyers at some point in their career find themselves considering opening their own law practice. Since many lawyers aren’t taught business classes in law school, this can be an intimidating venture.

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businessplan

A business plan is an summary of how your firm is going to get started, established, & grow. Any bank you approach for a start-up loan & some vendors will want to see the plan.

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officespace

If a lawyer chooses an office sharing arrangement, he or she must be aware of the ethical and malpractice risks of such an arrangement.

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technology

The ABA Model Rules of Professional Conduct, and the Rules of many states, require an attorney to keep up-to-date on “the benefits and risk associated with relevant technology.”

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officeprocedures

Establishing standard processes for client intake, client communications, calendaring, billing, and other essential law firm functions is essential to running a successful legal business.

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insurance

When starting your own practice, you need to consider many types of business insurance that you may not previously be familiar. Also the decision on the amount of policy limits for legal malpractice insurance there are many factors to consider.

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marketing

A well thought-out marketing plan is more than just a logo and business card. Not only is it needed for any potential loans, it’s also the blueprint to your firm’s future growth and identity.

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accounting

Nothing has the potential for harming your fledgling firm quite so much as unrecognized tax liabilities and poor tracking of both income and expenses.

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Starting Your Own Practice?

Click here to for business tips to start out or build your existing practice.
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