Law.com Blog Network

  • An Affiliate of the Law.com Network

    From the Law.com Newswire

    Sign up to receive Legal Blog Watch by email
    View a Sample

« Question: How Can I Switch to Part Time Status at a Law Firm to Start a Business? | Main | Law Firms Face Work Life Balance Questions on Law School Campuses »

Starting a Solo Law Practice: Financial Tips from LawCrossing

LawCrossing, a leading legal job search site, recently published an article on the costs of opening a solo practice. The article advises having at least six months of working capital on hand to cover ongoing operating expenses such as rent (this is apart from the cash a lawyer will need to cover various start-up expenses such as furniture and fixtures, office equipment, computers, software, law library, malpractice insurance, deposits, initial inventory of office supplies, telephone equipment, stationery, and numerous odds and ends that you will need to open the doors).

To save money, the article recommends looking for other attorneys willing to share space, which might eliminate some startup expenses such as a law library.

All in all, very helpful advice for those considering a solo practice, but who want to go in with their eyes open.

See the full article here.

Submit Comments to This Post

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83455666169e200d8356757f969e2

Listed below are links to weblogs that reference Starting a Solo Law Practice: Financial Tips from LawCrossing:

Comments

The comments to this entry are closed.

Search This Blog


Sponsors

Resources

ABA Top 100 Blawg

Subscribe By Email


  • Join the over 30,000 attorneys who receive either daily or bimonthly email updates of the latest posts added to the JD Bliss blog. You can unsubscribe at any time and your information will be kept strictly confidential

    Option #1: Daily Updates

    Enter your email address:

    Option #2: Bimonthly Updates

    Enter you email Address:

Questions? Get Answers!