Congrats, Law School Grad! Now what?
Hopefully you are heading towards your dream job. Perhaps in private practice? Government? Litigation?
Good luck to you!
If you are considering, however, the audacity of hanging out your own shingle, then these two books are for you:
Solo out of Law School: A “How Can” Guide to Starting a Law Firm as a New Attorney”, by Michael F. Brennan, gives an honest account about what it takes to start a new law practice. Much of running a law practice is having the right mental attitude, drive, and focus. The author gives advice on the mental motivation to becoming a success. And he also talks about how to handle the negatives: set-backs, self-doubt, and what other people think. It is an excellent guide to examine whether having your own law practice is right for you and giving you the motivation to conquer the challenges.
Law Office on a Laptop: How to Set Up Your Own Successful Mobile Law Practice, Second Edition, by Catherine Hodder, Esq. and Kelly C. Sturmthal, Esq., is a resource manual that sets out a step-by-step action plan for starting a new law practice utilizing the latest technology. From setting up your legal structure, to choosing the right systems and software, to handling collections and clients, to marketing strategies, this is an excellent reference. The second edition has over 20% more information including marketing with social media.
With sample forms and letters, helpful links, website information and checklists, this book has mapped out everything an attorney needs. An excellent reference for attorneys who want to operate with low overhead or have a mobile law office.
Starting up your own law practice can be challenging and scary but it is also very rewarding! Do your homework and research if starting out a “solo” law practice is for you. Good luck, law school grad!
Having a solo law practice is great! It can be wonderful to be your own boss and call all the shots. The downside is that there may be no one to listen to you. Although it is rewarding to hang out your own shingle, it can get lonely.
Here are some ideas to get you connected with others in your field to share the highs and lows of solo law practice:
Find Lawyer Groups to Network With – You will find that your state bar association has many groups and divisions of like-minded attorneys who meet in your area. Join a couple of events to meet other attorneys. You may gain insights to improve your practice and perhaps a few referrals as well.
Attend Networking Events – There are many business to business networks or Chamber of Commerce organizations that organize networking events. Try a few and see which ones you enjoy and try to meet other professionals. They may have sound business advice and can refer clients to you once they know about you. Read more
What should you do or not do when marketing legal services with video? Nicole Abboud, founder of Abboud Media has been giving us great tips on making an effective video for your law practice.
She helps attorneys develop their brand and grow their practice. In today’s post, Nicole shares the do’s and don’ts for marketing legal services with video.
Does a solopreneur need a business plan? Benjamin Franklin said, “If you fail to plan, you are planning to fail!” This is especially true when starting a business.
Going through the exercise of writing a business plan will focus you on your talents, strengths and weaknesses, and identify where you may need help with the launch of your business.
Additionally, you will need a business plan if you want a loan. Most startups, start small and self-finance the costs of setting up. However, if you were to ask a bank for a loan, they would want to see your business plan as part of the application process.
Your business plan does not need to be formal but should be organized. There are many books and online resources for writing a business plan. The US Small Business Association (SBA) is a great resource for developing your business plan at www.sba.gov.
7 Elements of a Business Plan