In the course of discussing opening a solo practice, naturally we got on the topic of insurance. Clearly, much was discussed about errors and omissions insurance, the pros and cons. But when I suggested if money was tight that a new solo was wiser to buy disability insurance instead of life insurance, that’s when the questions started to roll.
Allowing a statute of limitations (SOL) to run on a client matter has always been a common malpractice error and I really don’t see that changing. One would think that with the rise of computerized calendaring systems there would be a decrease in the frequency of these types of errors. Unfortunately, it hasn’t played out that way.
This guest post was written by Michael J. Palumbo. I am so happy Attorney Palumbo reached out to us because he is going to cover a subject nobody wants to discuss – Sales. Yes. That nasty little word no lawyer wants to acknowledge but is critical to the success of your practice. This article is […]
One of the first things people do when starting a practice is rent office space. At least it seems like something that you should be doing. Originally it was all about the image you present and impressing clients with the fancy location with nice furniture. These days more and more firms are doing away with the full-time office location.
It’s Spring, traditionally time for a little Spring Cleaning. Toss out the old, start fresh. For the solo attorney, that often means purging ourselves of bad habits and setting some new goals.
This Spring, I recommend that you stop being toxic to your business. Yeah – you heard me. YOU are toxic to your business. And you need to stop it!
Nowadays, much legal research is done on the internet. Sure, it saves time and can be of great value. The downside: Instead of using legal reasoning, attorneys are, in many instances, and to a lesser or greater extent, relying on the methodology and conclusions reached by others. And their writing….
One of the best things about being a solo/small firm lawyer that solo/small firm lawyers always cite is the flexibility. Flexible work schedule, flexible billing options, flexible practice areas. We are practically yogis.
What we never say is that all that flexibility does not mean a reduced workload, easier billing or lowered obligations to learn all those new practice areas. There is a price, and we usually pay it in longer hours working for ourselves than we ever put in working for Big Law.