So you’ve amassed a considerable amount of law experience, and you’re ready for the big leagues. The first disclaimer is that it won’t be easy. Fortunately, if you put your head into it, you have a good chance of succeeding.
You have a few paths to choose from when you become a licensed attorney. A vast majority of licensed attorneys choose to work in a law firm. Another group chooses to establish their own private law practice.
If you don’t opt for those two, then you can work in government agencies like the judiciary. Also, you can use it to pursue a path in education or legal aid.
Law is a diversified craft, but our primary interest is private law practice. Lawyers in the United States can expect to make about $121,000 every year. However, this salary depends on the type of lawyer and whether the lawyer is a public law or private.
Typically, private lawyers earn more than public lawyers. In this piece, we’ll elaborate on how you can start your own private practice. That way, you can chart your own path as a lawyer.
Is Starting a Private Law Practice a Good Idea?
Law is a diversified field. Whatever field you’re in, you can always start your practice. Some fields may typically have more clients than others, but at this stage, that will be a closed chapter.
Starting a law firm is a good idea, but it really depends on your situation. Here are the pros of having a private practice:-
With your own practice, you have the freedom to do what you want. You also have control over everything. Plus, you are no longer anyone’s subordinate.
However, a private practice means you may even be working more hours than you used to work.
Lower Startup Costs
The internet and technology have significantly lowered the startup costs of most enterprises. So don’t worry about breaking the bank to start your own practice.
These lower costs doesn’t mean it will be free. You still have to use a considerable amount of cash to get things rolling.
You Can Take on Projects That Match Your Interest
Before private practice, you probably took on any client because you had to. With a private practice, you can take more interesting projects.
You get to accept projects that fit your fancy and decline the ones that don’t.
How to Start Your Own Law Practice
Starting your own law practice is not so easy, but it isn’t impossible. So you may want to launch your law career or have had enough of your current firm. Another possibility may be the government or teaching just isn’t working for you.
Whatever your case, starting a private law practice is a massive leap in your law career. If you want to start your own law practice, here’s what to do:-
Get Your Finances Ready
Starting a law firm nowadays is not as costly as it was a few decades ago. This cost reduction is all thanks to the internet.
However, there are still a couple of things you need to spend good cash on. First, you have to cover rent, pay for all the licensing and permits, and all your supplies. It may be a while before you break even but just hang in there.
Name Your Practice
The name of your practice is a crucial aspect of your new law firm. It is your clients’ first impression of your enterprise. As such, you should be really keen when choosing a name for your practice.
A common technique is using your surname, which isn’t bad per se. The only problem with this technique is that it doesn’t give much information about your services. One can’t tell whether you deal with social services, divorce, or other legal issues.
It helps to be a bit specific to give clients a clear picture of your services. However, desist from naming your practice with only the services you handle. It isn’t very creative, and it also lacks that professional touch.
Try to combine both your surname and services, but also ensure the name isn’t too long or it will be boring. Also, hope that your name sounds unique and professional.
Have All Legal Aspects of Your Practice in Check
The most unprofessional outlook you could have is not having all the licenses and permits to run a private practice. It is a sure way to lose your clients’ confidence.
These permits and licenses vary from state to state. Some states will require lots of permits, and you need to have them all. You can check compliance online, but we highly recommend professional advice.
Establish Your Network
Doing so might take some time, but this part is crucial. The success of your private law practice is etched in this network.
This network is where you’ll get your referrals, clients, and support. Remember, no one really knows your firm when you start off. So you need to get word around about your new practice.
Build your network from colleagues in the law field. Some may be from your past competitors. You can even consider your former classmates.
These folks will guide potential clients to you and act as excellent referrals. Expand your circle in meetings, dinner parties, and the likes. Gradually, you’ll establish an effective network.
The last thing is to enhance your visibility. Let the general public know about your firm. Explore every possible avenue to make this happen.
Think physically and even digitally through websites and blogs. With the world being more digital, a digital approach is more effective. You can visit for more information on how to establish your practice’s digital presence.
Lastly, get some fancy furniture for your offices. We advise you not to skimp on this area because it gives the first impression.
Get Your Law Practice off the Ground Right
Hopefully, you now know how to establish your law practice the right way. The success of your firm depends on how keenly you follow these steps. Also, on how much effort you put into your new practice.
Apart from furniture, have your IT solutions in check. A proper IT setup gives you a competitive edge among your competitors. Lastly, avoid any corny names, it’s a law practice and not a car dealership.
For more insightful reads, be sure to check out our other articles.