I stumbled across this blog post about an 11 year old company called Vertical Response and the change their company is now going through. This is a company that has done very well for 11 years until one day they realized if they didn’t ‘pivot’ they would fall behind technologically, lose their hard-earned customers and [...]
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There are a few not-so-amazing aspects of solo practice. And while the benefits of designing my own law practice have outweighed any of this sucky stuff, by far … I thought I would share a short list of what I deem to be the ugly side of solo practice.
According to American Bar Association Formal Opinion 90-357 the term “of counsel” describes “a close, regular, personal relationship” between an attorney and firm, usually when the attorney works for the firm not as an associate or a partner but as an independent contractor. As a solo or small firm lawyer, the decision to become Of Counsel [...]
This week, my daughter will start Kindergarten. It seems hard to believe that we are here already, but that is the story of life. She is growing and learning and she is ready to take this next step. My daughter is everything a four year old should be: precocious, curious, imaginative, and so full of energy. [...]
As Dorothy once said, “Toto, I don’t think we’re in Kansas anymore.” Over the last year I have written individual posts about each of the above categories. Yet, they bear repeating. As a solo rezoomer you need to acquire a strong base from which to launch. You need to define a network of Allies, Mentors [...]
Using this information may help you with your targeted marketing efforts, allow you to focus in on areas, to dig deeper in areas you may not have considered. Always pay attention in a global way as to what is really going on and then get specific in your approach. [Source: U.S. Census Bureau]
Lately I have been doing as much business consulting as actual law practice. I find that this is due, in large part, to the type of clients that hire me. While I work with a number of traditional Mom & Pop business owners, I also work with a LOT of technologically savvy young entrepreneurs. They [...]
Jul 23, 2012 in Solo & Small Firm Practice
I use the term ‘sweat equity’ often when I suggest that in order to build a solo practice you will invest more of your ‘time’ than dollars in the beginning in marketing, networking, and rainmaking because you will have more time to invest than dollars. But when you hear a venture capitalist use the term “sweat [...]
Last month Susan Cartier Liebel wrote a post for SPU about the value of mastermind groups for solo practitioners. I concur that a small group of colleagues who meet regularly can be very valuable for a solo. They can provide support, accountability, solution brainstorming and a sense of community in a potentially isolating practice. Mastermind [...]