How to Build a Law Practice Incubator
Kim Lowe, a shareholder at Fredrickson & Byron, has been thinking a lot about what an “incubator” — sort of a Y Combinator — for new lawyers would look like.
Is There a Future for Solos and Small Firms?
“I do not see much of a future (beyond 2020) for most small firms ….” — Richard Susskind, Tomorrow’s Lawyers
Drunk Law Practice v. Sober Law Practice
Sobriety has made me happier than at any other time in my life. I can live without fear of the unknown or insecurity about my abilities to perform.
Legal Incubators — Helping to Hatch Solo Practices
“If we want to see more entrepreneurial solutions to the many social and environmental problems around us, then it makes sense to have a community of similarly intentioned individuals who are able to collectively gather more advice, mentorship, and resources than they would on their own.”
Lessons Learned Going from Government to BigLaw to Solo Practice
Starting a law firm after 13 years of practice in government and at a law firm is a very different proposition than going solo soon after law school. Chris Hill made it work. Here’s how, and what he learned.
Starting a Law Firm is Just Like Skydiving
As I found myself leaving the comfort of a perfectly safe airplane, I realized I had felt this way once before: on my last day at my old job.
Billing All the Time
We've recently decided to bill all the time we spend on every case. Is it a good decision? We'll see.
Three Mistakes I Made This Year That I Won’t Make Again
I’ve made three mistakes over the last year. None of them were life-threatening, but they all provided valuable lessons, some in and some out of the courtroom.
Three Myths about Solo Attorneys (Part 3 of 3)
There are enough solo attorneys practicing law that you'd think other attorneys would understand their practices. Apparently, that's not the case. Here are three more common misconceptions about solo attorneys. It's go time.
The Reality of Low-Bono Law Practice
There seem to be a lot of idealistic new and out-of-work lawyers who see that as an opportunity to build a “low-bono” practice. Well, I know two lawyers who are actually doing it, and it’s not quite so simple.
Ask for Help from Those Wiser than You
You will have to ask for help from other lawyers from time to time. If you do it right, you benefit not only yourself, but your client too.
What’s Luck Got to Do With It?
Upon reading Josh’s post yesterday reflecting on the first 18 months of the firm, I took a few seconds to think about where my firm’s been since my partner and I joined forces, about 18 months ago ourselves. And after some quiet contemplation, I recognize that it’s not just a Horatio Alger ”pull yourself up by […]
Eighteen Months In: Hiring an Associate, Buying Real Health Insurance
Amazingly, my partner and I have been up and running for about eighteen months now. We haven’t killed each other, we haven’t been disbarred, and we have kept the lights on. And now we’ve decided it’s time to expand. This summer we will bring on an associate attorney and get some real health insurance.
Breaking the Time Barrier: How to Unlock Your True Earning Potential (Book Review)
In order to understand difference between time and value, just read Breaking the Time Barrier. In about an hour, Mike McDerment will get you up to speed on the fundamental difference between churning billable hours and delivering value to your clients.
Your Phone Stopped Ringing—Now What?
Every attorney goes through a time when the phone stops ringing. When that happens, here's how to get past it.