Have you ever sat down and thought about whether or not you should start your own law firm? Does becoming a solo practitioner sound like the right business move for you?
There are many people out there who question whether or not they should start their law firm, and for those who decide to do it, it is almost always a question of when and where. Keep in mind that you don’t need to have decades of experience to start your law firm. Some people decide to do it right after law school, while others choose to do it after they gain a year or two of experience.
Make Sure It Is Something You Want To Do
If you are looking to have both a steady paycheck and life outside of work, starting your law firm will probably not achieve that result. If, on the other hand, you are comfortable with the idea of working 100 hour workweeks with no promise of any money, you have the right mindset to be a solo!
Come Up With a Good Plan
Sit down and think about why you decide to start your law firm in the first place. Then come up with a plan that will be able to track your vision. When it comes to your plan, you need to be as detailed as possible, while also maintaining flexibility when things do not work out as you planned.
Market Your Law Firm
What type of law will you practice? How will you get clients? How will you set yourself apart from all the other attorneys out there? Is a website along enough? (Short answer: no). Should you spend money on SEO and Google AdWords? Marketing is something that you need to experiment with to see what works for you the best.
Remember, You Are in Control
Keep in mind that a lot of people will be critical of your decision to start your law firm. That is why you need to learn how to separate the sound advice from the criticism. Once you do that, do whatever you can to ignore the criticism and focus on your goals. You cannot control what people will say or do. The only thing that is in your control is how you react to those people.