This week, Sam talks with solo practitioner Randall Ryder about what it is like to go out on your own when you have no safety net.
Why Do Solo Practitioners Value Client Satisfaction over Profits?
Over at Above the Law, Robert Ambrogi reported on the results of a survey of solosmall firms conducted by Thomson Reuters. That study found that for solo practitioners, the greatest indicator of success was client satisfaction. For everyone else, it was overall profits.
Sam wondered why taking on a partner would shift a focus to profits. Aaron noted there are two possible ways to think about this: is the distinction that solo practitioners have different motivations and they are motivated by good relationships and good outcomes for clients or is it that solos don’t get it, and they should focus on profits? Sam thought the answer to that question was “some of all of the above” because often staying solo means you neither need to have a business strategy or have time to have a business strategy–you’ve got your hands full just taking care of clients.
Going Solo When You’re the Sole Breadwinner, with Randall Ryder
Randall Ryder represents consumers against debt collectors and defends consumers in debt collection lawsuits. He also assists consumers with student loan issues. He was recently named a Minnesota Super Lawyers Rising Star and is the supervising attorney for the University of Minnesota Law School’s clinical program. He also was once retained by a Beverly Hills law firm as an expert on Marvel Comics. He has been writing for Lawyerist since 2009.
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