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Messages - mudcat

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LAW 312: Starting a Solo Practice

CORSE PREREQ: (1) please submit a bank account statement from the last three months reflecting a balance of $300,000+.  (2) familiarity with swear word formatting on internet message boards will be helpful.

good job lip!  pass/fail?

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EDIT: your negative to posting ratio is better than mine, so I AM worse than you... sorry.

EDIT: heres some constructive criticism.

I just helped a lawyer create a new solo practice.  Here are some things to consider.

1.  applying for a license as a corporation.  P.C.?  L.L.C.?  do you need a consultation to figure out which is better? ($$)

2.  do you have to carry malpractice insurance ($$$) in your state?  And god forbid you do muck up a case up with your ZERO experience- are you prepared to watch your premiums jump 10x?  and never go down?

3.  are you going to pay an accountant ($$), or do it yourself?  do you have an accountants license or background?

4.  taxes ($$)- have you ever run a business before?

5.  Rent- are you prepared to sign a 5 year lease?  15-75$/ square feet ($$$$)? do you have collateral, equity, own a home? 

6. do you have excellent credit, or are you going to purchase all infrastructure yourself up front ($$$)?   

7.  westlaw accounts can be 5,000/person, due up front ($).  or you have to buy books.  or you could walk to the library...

8.  do you have a mentor?  what happens if your ZERO experience in your field puts you in a malpractice/disciplinary situation?  who do you turn to?

9.  are you going to advertise, ($$$) or just rely on cases fed to you?  are you at lease going to pay for a martindale-hubble entry ($)?  What happens when clients look you up and realize that you dont even have a C- martindale grade? 

10.  bar fees, subscriptions, CLE classes, all of this adds up over time.  And you need to throw down for it too ($).


granted, this guy was probably the premiere med mal attorney in my state, but it was hard even for him.  Lots of planning, consultations, and OVERHEAD.  He had the cash to pay for it out of pocket.  Do you?  he ran a 1.3 million dollar bill before he opened his practice...granted, you dont need to purchase a 400,000$ medical library, or oil paintings... but you should still think about this before putting yourself into much more debt than law school ran you.

or maybe my boss just did things right, im sure you can cut every corner i just mentioned.  except the malpractice one, which is deadly for solos. And if this all fails, you think a firm/agency/judge will hire you after you tell them that you started off solo, got sued, and declared bankruptcy?

just a bit of reality.  Solos are running businesses, and the business world can be cruel.

though im sure they cover all of this in your solo practice seminar. 

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yeah, sorry.  I cant be * & ^ % t y to anyone at school, so this is my only outlet...and im only at -2, so im not the a s s h o l e you are...and besides, isnt it the whole idea of an anonymous message board is that you DONT have to worry about other peoples feelings, so that people can be exposed to ideas they might not like? 

Honestly, his friends arent going to call him out on the school he goes to and how that will affect how people respect him when he begins practicing.  Especially since his friends probably go to the same school and dont want to think about this themselves.  He should be aware of how his decision to pursue a legal education at a tier four school might affect his options.  He simply doesnt attend a prestigous school, and any potential client who is cognizant of the range of educational quality among law schools will take this into account.  No experience, 4th tier school... i mean, going solo is hard coming from hys.  If you dont have some skill or experience that makes you a logical choice to go solo, you should think twice about it.

additionally, he IS asking career advice of an internet message board.  Why just feed him what he wants to hear?  if he wanted to hear "of course honey you can do anything you set your mind to" he could have just called his mother.  And then drop out of law school to become an astronaut.

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the only problem is getting clients but every solo has that problem to start with.

this might be an especially big problem as an alumni from the 10th best school in the region (assuming moniker accuracy)

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You want to understand contracts? Then you have to trust what I'm going to say.


"I'm going to be a 1L @ SMU this fall as well...the campus is beautiful (I did a self-tour last summer). I guess I'll meet you come this August. :)"

didnt you post the above... this summer? 
which means that you have never taken a law school exam before?

don't fool people into thinking you know what you are talking about when you don't. I want to take your advice,  but it seems to be based on what you think exams are going to be like.  Dont make it sound like you were first in your class.  Hope your "all outside sources" approach works...

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Current Law Students / Re: Is there a free downloadable law dictionary?
« on: September 12, 2005, 10:41:07 AM »
you're joking... right??!?

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Current Law Students / Re: Is there a free downloadable law dictionary?
« on: September 06, 2005, 10:31:47 AM »
ok, obviously this thread has not provided any useful information to me or anyone else interested in the original question.  Im only responding at this point because i am procrastinating.

jwelbomb:  you didnt understand the question, which is fine.  I resorted to being "condescending" because you called me a "loser" and a "fvckhead", with the only provocation being that I asked "is this really that confusing."  My question was not confusing, but it confused you because you didnt read it very closely, or you didnt understand it because you didnt know what the words I used meant.  Then you got pissed when I pointed that out.  Sorry. 

AJ: Google didnt find one for me.  That's why I asked this board.  I was hoping that someone here was in the same situation as me and had discovered a free, downloadable online dictionary.  I appreciate your initial westlaw idea, and thanked you for your imput, even though it wasnt going to work.  Give it a rest, you werent the target of my "condescending" post.  The third world country i live in decided last year that its students shouldnt be playing partypoker during class, so blocked internet while classes are in session, even though they had ports installed at every desk a few years ago.  Which is retarded.

Jewelbomb: Assuming that only a girl whould think that jewel is "bomb", have you ever made 30+ threatening phone calls in one day to your ex-boyfriend because you saw him talking to another female in the cafeteria lunch line?  I have a feeling you would do this.  Get back to me about this.  I am having fun trying to picture you in real life.

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Current Law Students / Re: Is there a free downloadable law dictionary?
« on: September 05, 2005, 10:56:21 AM »
You know what, nevermind. Is that really that confusing?

It obviously is, fvuckhead. You didnít say that you didnít have the internet in your classrooms, only that you had no wireless.

Next time ask the right questions and you might get the right answers.


Loser.

1.  see where I say my school seems to block internet?  Anyway, that doesnt matter.  The title of my post says it all:  "Is there a free downloadable law dictionary?"

now, I assume you are in law school.  So lets break down the elements of my question.

1.  free: this means no charge.
2.  downloadable: this is important.  different from "searchable."
3.  law dictionary:  blacks would be preferable. 

so I'm assuming that you dont understand what the word "downloadable" means, which concerns me because this is 2005.  Maybe you should look up the term, in, say, an online dictionary. 

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Current Law Students / Re: Is there a free downloadable law dictionary?
« on: September 04, 2005, 05:40:00 PM »
the westlaw diction ary does not work for me bc... i dont get internet in the classroom.  I was wondering if there is a free downloadable law dictionary.  So that the entire contents are on your hard drive, and thus accessable with or without an internet conection.  You know what, nevermind. Is that really that confusing?

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Current Law Students / Re: Is there a free downloadable law dictionary?
« on: August 31, 2005, 09:46:25 AM »
You shouldn't have to search during class.  Either look it up prior to class (otherwise known as "preparing")

wow.  In real life, do people talk to you if they dont have to?  I wouldn't.

can you possibly imagine a scenario where a professor...says a word...that didnt appear in the reading...that you are not sure about?  again, wow.

Thanks to everyone else.  my school seems to block internet in the classrooms.  No idea why...

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