As a busy solo lawyer you have to wear many hats. But make sure that you have a team of professionals to consult when forming and running your law firm. They should be people you are comfortable with in seeking advice. As they understand your practice, they may also help you find leads and be a referral source for you.
Here are 4 people who should be on your support team for solo practice:
A trusted CPA or Accountant who understands small business and in particular solo law practice.
An Insurance Agent for Professional Liability Insurance. Some states do not require Professional Liability Insurance but regardless it is a good thing to have.
One or more lawyers in your field to consult with on issues that may arise in your practice. It is also very important to have other lawyers to refer matters that are out of your area of expertise and other lawyers that could provide backup if you are temporarily unable to practice due to illness or extended vacations.
Lawyers outside your field and professionals in your community to discuss business matters and to refer business to one another. As your business faces challenges, you can benefit by getting ideas on what works for them. If you specialize in divorce and family law, you may want to associate yourself with an estate planning attorney who can be a resource when your clients need new estate planning documents. You should also try to network with accountants, bankers, financial planners, insurance agents, real estate agents and professionals in your community for free advice as well as for referrals. Clients appreciate sound recommendations from their lawyers and in turn, these professionals will refer your name out to their clients.
Don’t be afraid to ask for help. Many people will be glad to share their knowledge.
Want more tips and advice for your awesome law practice? Check out Law Office on a Laptop, Second Edition: How to Set Up Your Own Successful Law Mobile Law Practice.