Summary: Some believe that they are not a successful attorney until they have their own law firm, but that is not the truth. Starting a law firm is not for everyone.
Read the full article here:Â Should You Start Your Own Law Firm? Top 10 Reasons Not To Start Your Own Firm and Top 10 Reasons To Start Your Own Firm
Success from starting your own law firm is possible, but the experience will be drastically different than working for a large law firm. Just like with any successful business, when a constant and sure source of work is available, starting your own business may be a better option. Running your own firm allows for freedom to do what you wish, making your firm into one as big or as small as fits your goals.
However, before starting out on this big adventure you need to be sure you are doing it for the right reasons. Read the ten reasons you should and should not start your own firm to understand if you are doing it for the right reasons.
Top 10 Reasons Not to Start Your Own Law Firm:
1. Most fail since operating is different from just practicing
2. Most start their own because they have no other options
3. Most large clients will not use a solo practitioner
4. Many make most of their money doing contingency work
5. Skills will deteriorate
Top 10 Reasons to Start Your Own Law Firm
1. You have trusted clients that will stick with you or trust your law firm to give you work
2. You have support from other attorneys that will help you out
3. You fulfill a specific practice need that is booming
4. You have business experience
5. You are from a small town and are one of the only attorneys in town
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