I am going to experiment with allowing comments back onto this blog. Last time I did this, there was a lot of spam websites posted, so I am going to moderate comments.
I wanted to post on the topic of starting your own firm or hanging a shingle after law school. Many people are afraid of hanging their own shingle, as there is supposedly too much competition out there.
Let me say this right away: "if you have never tried your hand at starting your own law firm, your comment is pretty much worthless on this subject." There are many doctors that start their own offices, even though there are thousands of doctors with small offices competing. Does that mean that one should not open a doctor's office?
There will be a lot of competition out there. However, you will find that there will be people who see your advertisements, who hear about you via word of mouth, and after a while, other attorneys will refer overflow clients to you. It will be a slow start, no doubt about that, but it's better than complaining about not making any money. That's for sure!
There are a lot of good posts about going solo on JDUnderground.
There is also a good blog that answers some questions: http://phillylawblog.wordpress.com/2012/06/23/should-i-start-a-solo-practice/
This blog talks a lot about how the author succeeded at going solo. For example, they took furniture from off the streets. They were frugal, goals oriented individuals.
There are CLE events for those who are interested in starting their own legal practice. If you are interested, go to those. Also, read books about starting your own business. Read advice from others who went solo and did well. Many people go solo and don't make a lot of money for a few years. However, they are learning a lot and it's better than sitting around jobless and whining on the internet.
Those who fail at going solo are going to be those who thought they would get rich quick, don't understand that you have to reinvest the profits into the business, and those who are bad with other people (such as those who post poop pictures on the internet). You have to have good people skills and like, yes, like your clients, if you want to succeed in business.
Will I go solo? I don't know. I will probably work as long as I can and get a bunch of experience, take notes, and continue to ask myself "could I do this on my own?"
If you want to go solo, don't let others hold you back. Sure, there is a lot of competition, but dentists have a ton of competition too. And not everyone goes to the dentist. As people are getting older, many lawyers are going to be retiring while more people are going to start thinking about estate planning, making wills, etc. Furthermore, with less people going to law school and less future competition, there is a good chance that going solo could be a very good idea.
I wanted to post on the topic of starting your own firm or hanging a shingle after law school. Many people are afraid of hanging their own shingle, as there is supposedly too much competition out there.
Let me say this right away: "if you have never tried your hand at starting your own law firm, your comment is pretty much worthless on this subject." There are many doctors that start their own offices, even though there are thousands of doctors with small offices competing. Does that mean that one should not open a doctor's office?
There will be a lot of competition out there. However, you will find that there will be people who see your advertisements, who hear about you via word of mouth, and after a while, other attorneys will refer overflow clients to you. It will be a slow start, no doubt about that, but it's better than complaining about not making any money. That's for sure!
There are a lot of good posts about going solo on JDUnderground.
There is also a good blog that answers some questions: http://phillylawblog.wordpress.com/2012/06/23/should-i-start-a-solo-practice/
This blog talks a lot about how the author succeeded at going solo. For example, they took furniture from off the streets. They were frugal, goals oriented individuals.
There are CLE events for those who are interested in starting their own legal practice. If you are interested, go to those. Also, read books about starting your own business. Read advice from others who went solo and did well. Many people go solo and don't make a lot of money for a few years. However, they are learning a lot and it's better than sitting around jobless and whining on the internet.
Those who fail at going solo are going to be those who thought they would get rich quick, don't understand that you have to reinvest the profits into the business, and those who are bad with other people (such as those who post poop pictures on the internet). You have to have good people skills and like, yes, like your clients, if you want to succeed in business.
Will I go solo? I don't know. I will probably work as long as I can and get a bunch of experience, take notes, and continue to ask myself "could I do this on my own?"
If you want to go solo, don't let others hold you back. Sure, there is a lot of competition, but dentists have a ton of competition too. And not everyone goes to the dentist. As people are getting older, many lawyers are going to be retiring while more people are going to start thinking about estate planning, making wills, etc. Furthermore, with less people going to law school and less future competition, there is a good chance that going solo could be a very good idea.
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