Five Tips for Starting Your Own Law Firm
Overview
Starting your own law firm requires more than fresh business cards. How do you get clients? And if you want to grow, how do you get more clients?
It may be overwhelming when you first toss around the idea of starting your own legal practice but, when you break it down, the process is far more manageable. In fact, we've put together a list of five tips to help you hang out your shingle.
Guidance
1. Make Sure Passion = Profit
You're obviously passionate about law. Which is good, because you're going to need it for the endurance race ahead. But in order to get clients, make sure there's a trajectory for what legal areas you plan to specialize in.
Are you pursuing a hyper-niche specialisation? That's fine, as long as there are enough clients out there to sustain your businesses. Even if you're offering general legal services, if the market is already flooded with general practice firms, you could be in for a tough slog—especially in the early years.