Law School Discussion

Nine Years of Discussion
;

Author Topic: Are you thinking about opening your own practice right out of school?  (Read 12285 times)

vaplaugh

  • Guest
Re: Are you thinking about opening your own practice right out of school?
« Reply #40 on: April 22, 2007, 08:49:55 PM »
There were two great questions asked and I hate to do this but they were both answered on my blog in different areas but this is the link to the section "You Asked...I Answered."  Although not exactly on all fours with the first question, the principles are the same.
http://susancartierliebel.typepad.com/build_a_solo_practice/2007/01/you_aski_answer.html

Thanks!

blueb73

  • Full Member
  • ***
  • Posts: 35
    • View Profile
Re: Are you thinking about opening your own practice right out of school?
« Reply #41 on: April 23, 2007, 10:19:32 PM »
hmmmm

are people starting a solo law firm eligible for small business grants?

Susan Cartier Liebel

  • Sr. Citizen
  • ****
  • Posts: 127
    • View Profile
    • Build A Solo Practice, LLC
    • Email
Re: Are you thinking about opening your own practice right out of school?
« Reply #42 on: April 24, 2007, 08:24:17 AM »
If I was in law school right now and this was my ambition, I would be talking to various banks and finding this out now.  Planning is the key.  But if you go virtual and avoid the trappings of a typical second wave law office, you will find start up costs are very, very low and may not even have to go that route.  I have been told lawyers are considered a good risk, this told to me by a student who has been in the loan industry for years.
Susan Cartier Liebel, Esq.
Build A Solo Practice, LLC
Newly Minted or Well Seasoned, Teaching You How to Create and Grow Your Legal Practice
http://buildasolopractice.com

Follow the Construction of Solo Practice University
http://solopracticeuniversity.com

themanwithnoname

  • Sr. Citizen
  • ****
  • Posts: 820
    • View Profile
Re: Are you thinking about opening your own practice right out of school?
« Reply #43 on: April 24, 2007, 09:52:20 AM »
If I was in law school right now and this was my ambition, I would be talking to various banks and finding this out now.  Planning is the key.  But if you go virtual and avoid the trappings of a typical second wave law office, you will find start up costs are very, very low and may not even have to go that route.  I have been told lawyers are considered a good risk, this told to me by a student who has been in the loan industry for years.

Second wave?

Susan Cartier Liebel

  • Sr. Citizen
  • ****
  • Posts: 127
    • View Profile
    • Build A Solo Practice, LLC
    • Email
Re: Are you thinking about opening your own practice right out of school?
« Reply #44 on: April 24, 2007, 08:49:40 PM »
Go to Chuck Newton's blog...the originator of the name "Third Wave Law Firm"...http://www.stayviolation.typepad.com and go to the category called third wave for an amazing description of third wave lawyering.
Susan Cartier Liebel, Esq.
Build A Solo Practice, LLC
Newly Minted or Well Seasoned, Teaching You How to Create and Grow Your Legal Practice
http://buildasolopractice.com

Follow the Construction of Solo Practice University
http://solopracticeuniversity.com

blueb73

  • Full Member
  • ***
  • Posts: 35
    • View Profile
Re: Are you thinking about opening your own practice right out of school?
« Reply #45 on: April 24, 2007, 09:02:01 PM »
hope your happy susan!

im so excited about the prospect of opening my own firm, i cant think of anything else!

Susan Cartier Liebel

  • Sr. Citizen
  • ****
  • Posts: 127
    • View Profile
    • Build A Solo Practice, LLC
    • Email
Re: Are you thinking about opening your own practice right out of school?
« Reply #46 on: April 25, 2007, 01:22:26 PM »
Success is all about the planning....so start planning now, managing your students loans, researching the internet for information, understanding and getting familiar with the technologies that will make your life immeasurably easier and start to think about all the people you know...and who they know....find mentors in the areas of law you are interested in but stay open to opportunities.  Going solo you still have to pay your dues...while paying your bills.  But you are in charge of where you go. And there is a lot to be said for that.
Susan Cartier Liebel, Esq.
Build A Solo Practice, LLC
Newly Minted or Well Seasoned, Teaching You How to Create and Grow Your Legal Practice
http://buildasolopractice.com

Follow the Construction of Solo Practice University
http://solopracticeuniversity.com

blueb73

  • Full Member
  • ***
  • Posts: 35
    • View Profile
Re: Are you thinking about opening your own practice right out of school?
« Reply #47 on: April 25, 2007, 01:33:05 PM »
Success is all about the planning....so start planning now, managing your students loans, researching the internet for information, understanding and getting familiar with the technologies that will make your life immeasurably easier and start to think about all the people you know...and who they know....find mentors in the areas of law you are interested in but stay open to opportunities.  Going solo you still have to pay your dues...while paying your bills.  But you are in charge of where you go. And there is a lot to be said for that.

im going to relocate to a totally new area, so that part im boned on.

but, i think ill meet a number of contacts at school!  :)

Susan Cartier Liebel

  • Sr. Citizen
  • ****
  • Posts: 127
    • View Profile
    • Build A Solo Practice, LLC
    • Email
Re: Are you thinking about opening your own practice right out of school?
« Reply #48 on: April 27, 2007, 10:43:35 PM »
I thought I answered this but maybe it didn't post.  A Third Wave Law Office is a term coined by Chuck Newton fashioned after Alvin Toffler's sequel to Future Shock.  You can read all about it (the term has taken off amongst solos and has now become main stream in the media) at http://www.stayviolation.typepad.com and find the link to Alvin Toffler and Third Wave.  The description and analogy with the wave of the future for lawyers and law firms is very compelling.
Susan Cartier Liebel, Esq.
Build A Solo Practice, LLC
Newly Minted or Well Seasoned, Teaching You How to Create and Grow Your Legal Practice
http://buildasolopractice.com

Follow the Construction of Solo Practice University
http://solopracticeuniversity.com

blueb73

  • Full Member
  • ***
  • Posts: 35
    • View Profile
Re: Are you thinking about opening your own practice right out of school?
« Reply #49 on: April 28, 2007, 12:24:41 PM »
this is probably a really obvious question, but do solo practitioners really get re-occurring clients?

for example, someone that specializes in personal injury or divorces  prob doesnt get alot of repeat business from the same people...

im just thinking if i stared off in one state, would i lose much if i later moved to another area (say after 5 or 6 yrs...)