Attorney, Know Thyself for a Successful Solo Practice
Understanding who you are, your personal and professional needs, and maintaining personal integrity will help you succeed whether BigLaw, small firm or solo.
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Understanding who you are, your personal and professional needs, and maintaining personal integrity will help you succeed whether BigLaw, small firm or solo.
My paralegal’s name is Candy. Not Candace. Candy. And she is not to be trifled with. Candy runs my firm. To be more precise, she runs me. Case in point: I am not allowed to manage my own schedule. Ever. I added an appointment to my schedule recently and got this text from her: Also, […]
Sometimes what stops a lawyer (new or old) from starting a solo practice is not fear about knowing the law or finding mentors. It’s about affording to go into practice. Health insurance is a big part of the ‘affordability’ question. It is for all self-employed people. It is for me, too.
If you are getting ready to study for the bar exam, you likely have your preparation plan all set up including purchasing your bar review program and signing up for the exam. Way to go! But one of the things that many people don’t consider when studying for the bar exam is how to make sure their life is bar preparation ready. This is incredibly important because you want to make studying a priority and eliminate unnecessary distractions and stressors. To make your life easier, here are some things to consider thinking through before the bar season starts.
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.
Lawyers and law firms struggle to innovate in areas outside of the substantive practice of law. Worse still, most attorneys neither observe nor capitalize on general business trends, even as their competitors are trying to do so. This applies to several categories of business management, certainly, including marketing, where lawyers frequently over worry themselves into […]
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.
Going solo doesn’t make you an entrepreneur. It makes you self-employed. Let me explain the differences and why they are important.
How are you future-proofing your law practice? You better start thinking about it if you haven’t already.
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 […]