Why Reducing Fees and Putting on A Pretty Pink Dress Won't Bring Solos Back to the ABA

There is a joke I heard recently from a small law firm who stopped renewing their ABA membership. The lawyer I spoke to said, “We get 13 things for our ABA dues – 12 nice magazines and a bill. Those are very expensive magazines.’ This is from someone who bought in to the idea, ‘graduate law school and join the ABA.’ No longer are students mindlessly joining an organization because it exists. Somewhere along the way any perception of value disappeared.

How To Prosper in the Age of Going Solo

It’s a trend that began after the economic downturn of the late 1980s, as many laid-off professionals became consultants. Then it seemed temporary, though, tied to bad times. Evidence now suggests that this is our new economic condition. Today, in fact, 20% to 23% of U.S. workers are operating as consultants, freelancers, free agents, contractors or micropreneurs. Current projections see the number only rising in coming years.

Solos Must Learn How to Surf the Economic Waves

In this time of economic uncertainties it will be a challenge to sustain oneself in business if you don’t understand how to make the right choices.

The smart solo needs to develop competency in more than one practice area and then develop strategies to maintain and grow those practice areas as the economy evolves and changes.

There is a video embedded which everyone, not just lawyers, should watch.

(OT)A Response to ATL's 'Momma, Don't Let Your Babies Grow Up To Be Contract Attorneys'

It is a caste-system, but one has to accept one’s caste assignment. It isn’t forced upon you. As a licensed attorney, one is free to practice law or not. One is free to sign up for the doc review hustle, or not. You can always sell life insurance or real estate. Or, God forbid, you can actually go solo, get your own clients — and attract an employer –if that’s one’s real goal or dream.