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What are the costs associated with opening and running a solo practice?
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Date: February 22nd, 2017 6:50 PM Author: coiffed frum house So far I've got rent, phone, internet, website, transportation, and bar dues. There's gotta be more. What else? (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679440) |
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Date: February 22nd, 2017 6:58 PM Author: Coral hairraiser field doctorate You shouldn't be renting an office until shit gets big and you get a steady stream of work. You can work from your kitchen table and that'll solve daily commuting and rent costs.
Other than that, malpractice insurance, phone, internet, website (including web developer and someone to write proper ad copy for you), malpractice insurance, bar dues, transportation to and from business trips/client office visits/client meals, Lexis/Westlaw (or other legal research) accounts, a good business tax dood.
You should probably create a professional LinkedIn page for your law firm and that'll cost extra.
Get a web developer who specializes in law firms (they are out there). Some of these guys will just create the website (the best value could be a Wordpress special), but be sure you get someone who can write reasonable ad copy and do SEO as well.
Re: advertising, that's great, but you shouldn't open your own solo practice unless/until you have a handful of clients that you can take with you. |
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Date: February 22nd, 2017 7:03 PM Author: coiffed frum house Thanks. What does malpractice ins typically cost for a solo startup? (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679551) |
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Date: February 22nd, 2017 7:05 PM Author: alcoholic translucent library roommate There are huge variations.
Practice area is a big factor, but I don't know where elder law fits.
Years in practice is also a big factor. Contrary to what some think, more is almost never better. |
Date: February 22nd, 2017 6:53 PM Author: Self-centered dead indian lodge Minor expense called advertising (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679466) |
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Date: February 22nd, 2017 6:56 PM Author: coiffed frum house What advertising should I use besides craigslist (free). Google ads seems a little pricey. (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679498) |
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Date: February 22nd, 2017 6:57 PM Author: wild stage http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679492 (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679506) |
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Date: February 22nd, 2017 7:01 PM Author: coiffed frum house Elder law (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679546) |
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Date: February 22nd, 2017 7:04 PM Author: Self-centered dead indian lodge TV spots during Price is Right (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679563) |
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Date: February 22nd, 2017 7:08 PM Author: coiffed frum house Lol, I'm already planning on slipping my business card into stacks of Erectile Dysfunction Monthly at the drugstore. (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679591) |
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Date: February 22nd, 2017 6:54 PM Author: wild stage Insurance; research tools; CLE expenses; printer; computer; staff; business cards; letter head; billing software/practice management software (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679476) |
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Date: February 22nd, 2017 6:55 PM Author: coiffed frum house I've already got a laptop. What research tools do I need. A subscription to Lexis and Westlaw? (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679485) |
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Date: February 22nd, 2017 6:56 PM Author: wild stage Depends on practice area brehlet (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679492) |
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Date: February 22nd, 2017 6:57 PM Author: coiffed frum house Elder law (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679508) |
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Date: February 22nd, 2017 6:58 PM Author: wild stage In that case, I don't know. Maybe something relating to taxes. Some hard cover books on it. Also, there are software programs that'll help you spit out trusts/estate planning documents. You'll want one of those (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679514) |
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Date: February 22nd, 2017 7:00 PM Author: Gold Location ljl at paying for cle. (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679532) |
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Date: February 22nd, 2017 7:00 PM Author: wild stage ? (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679537) |
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Date: February 22nd, 2017 7:04 PM Author: Gold Location my jew bros tell me there are tons of free cle webinars online. no need to pay unless you wait until the last month and need 50 hours all at once. (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679559) |
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Date: February 22nd, 2017 6:54 PM Author: marvelous haunting wagecucks trust fund malpractice insurance (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679477) |
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Date: February 22nd, 2017 6:55 PM Author: marvelous haunting wagecucks trust fund tax/accounting software (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679480) |
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Date: February 22nd, 2017 6:56 PM Author: coiffed frum house What software? (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679504) |
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Date: February 22nd, 2017 6:57 PM Author: marvelous haunting wagecucks trust fund i dunno quickbooks (http://www.autoadmit.com/thread.php?thread_id=3533781&forum_id=2#32679512) |