Sunday, 1 February 2015

5-tips-solo-attorneys-wanting

Because of the recession and the large number of law school graduates, lawyers face tough
competition in the workplace. Many attorneys are contemplating going out on their own.
Here are five things to do when going out on your own:

1. Develop a Plan 

Unless you need funding from an outside source, you don't need a complex business plan.
Instead, you can prepare a road map for your practice to insure you are headed in the
right direction. Write down your business objectives. Be specific. What do you see three
to five years down the line? What do you need right now to accomplish your objective? How
many people can help you reach your objective? Do you need more training to reach your 
business objective? Determine your budget, equipment, supplies, etc.

2. Be Up-To-Date on Technology 

Technology helps lawyers work more efficiently. Inexpensive, faster and easy to use
internet increases small business presence and expands relationships. Even though law
libraries are still used, the internet and law databases are often used in conjunction for
research. Invest in a good laptop and legal software to make it easy to organize and index
files and documents. A virtual office and a mobile phone will give you more flexibility on
when, where and how business is conducted.

3. Hire Temps
In the beginning months of starting your law firm, you may not have enough money to hire a
full time staff. There might come a time when your workload increases and you need to hire
additional lawyers or legal assistance immediately. The most skilled workers have found a
place and full-time work in staffing agencies, where their work is needed and appreciated.
There's an excellent chance here is where you will find the best people to fill your
needs.

4. Learn What You Don't Know
There are things to be learned everyday to improve your services. You have to be up-to-
date on the latest news in the field of law. Read everything you can on your legal
specialty. Take courses in accounting and bookkeeping. Learn to read financial reports to
improve your business knowledge. Take classes, read blogs, ask others, but continue
learning throughout your life. Learn and train in areas that are needed. Seek help from
people that can help you and give you advice; a mentor, teacher, etc.

5. Share What You Know
Increase awareness for your business, yourself and your products by imparting knowledge to
your clients. Generate interest in your services by creating learning materials, videos,
seminars, and classes to increase your revenue. You have an abundance of knowledge - share
it.

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