solo law firms Archives

7 10, 2014

Who Will Pinch-Hit for an Injured Solo?

2019-03-20T21:31:45+00:00By Debra L. Bruce, JD, PCC.|Comments Off on Who Will Pinch-Hit for an Injured Solo?

A lawyer client recently posed a question to me about obtaining professional liability insurance. She practiced in a larger firm, and now she wants to start her own solo practice. Solos face some unique issues in obtaining insurance and making disaster contingency plans. Some legal malpractice carriers require a solo to designate a back-up attorney who will step in for her if she is incapacitated due to illness, injury, or even death. How does a solo find a lawyer willing to do that? Here are some of my suggestions:

Perhaps you have a colleague with a similar practice in a solo or small firm. They need lawyers available to cover for them, too. By making a reciprocal arrangement, you may be able to persuade a lawyer to take on that daunting responsibility.

If you don’t know someone who would be a good fit, however, it’s time to develop some additional relationships. How could you go about that? […]

12 02, 2014

Strategies for Expanding into a New Practice Area

2019-02-21T23:25:23+00:00By Debra L. Bruce, JD, PCC.|1 Comment

Many areas of law practice tend to cycle up and down over time. Savvy attorneys keep enough capital reserves to get them through the predictable lean times. The business volatility in recent years has some worried lawyers seeking to build up a practice in a different area of expertise. I wrote about ways to get experience that you don’t already have, but perhaps you dabble now and then in another area. Here are some tips on building up your visibility and expertise in a practice area you aren’t known for.

1. Choose an additional practice area that complements your existing practice.

Your credibility will be higher if there is some overlap between your new practice area and what you already have a reputation for. When real estate, securities or other transactional practices wane, some transactional lawyers step over into litigation involving similar subject matter expertise. To begin making such a transition, offer to consult on cases with trial lawyers you know. Many commercial litigators take on such a wide variety of cases that they don’t have your depth of expertise or awareness of the numerous laws that may impact the case they just took on. […]

7 01, 2014

Avoiding the Commoditization of Your Law Practice

2019-02-21T23:25:24+00:00By Debra L. Bruce, JD, PCC.|Comments Off on Avoiding the Commoditization of Your Law Practice

My article in 2007 about some of the potential ramifications of law firms going public generated quite a number of reader responses. One email asked a question that intrigued me. The reader asked how he could keep his law practice from becoming commoditized. Both small and large law firms should be asking themselves that, because the tide has already turned toward the commoditization of many legal services.

What are commodity legal services? Generally, legal services that involve routine and predictable legal issues that can be systematized into forms and processes. […]

3 12, 2013

Why GP Solos Need to Worry About a Modern British Invasion

2019-02-21T23:25:25+00:00By Debra L. Bruce, JD, PCC.|Comments Off on Why GP Solos Need to Worry About a Modern British Invasion

In May 2007 Slater & Gordon, an Australian personal injury firm, became the first law firm to go public. At the time, I discussed some of the implications of publicly held law firms, including the commoditization of legal services. I also gave some tips on how you can reduce the risk that your law practice will become a mere commodity.

Revolution in the U.K.

In October 2007 the United Kingdom passed the Legal Services Act (“LSA”), which authorized alternative business structures (“ABS”) with non-lawyers in professional, management or ownership roles in law firms. One of the regulatory objectives of the legislation was to promote competition in the provision of legal services. The LSA became effective in 2011, and in 2012 the Solicitors Regulation Authority approved the first four ABS firms. One of them, Co-operative Legal Services, launched a fixed fee family law service, with the intent of bringing “a refreshingly different approach to family law” with an “easily accessible and affordable” range of services. It is a division of The Co-Operative Group, a retail giant in the UK with 4800 retail outlets and 7 million members. So I guess you could say it is now the Costco of legal services. […]

29 08, 2013

How Do I Decide Where to Locate My Law Office? Part 4

2019-03-20T21:43:51+00:00By Debra L. Bruce, JD, PCC.|Comments Off on How Do I Decide Where to Locate My Law Office? Part 4

The 4 part series, How Do I Decide where to Locate My Law Office, winds up today. We’ve pursued the different types of law office arrangements and have been looking at the relative geographics. I hope that these articles help move you forward in the decision process.

Small Town or Big City

With emerging technologies, lawyers do have a lot more flexibility in office placement. If you have a good internet connection and adequate broadband capacity, you might be able to practice almost as easily in the suburbs or in a small town as in a big city. Here are a few reasons you might choose to practice in a small town.

Usually the number of attorneys per capita will be significantly lower there, and the cost of living is lower, too. Lawyers I know in smaller towns describe a collegiality in the legal community that, sadly, seems to have largely vanished from the bigger cities. Many also report that experienced lawyers and judges took them under their wing to mentor them as they got started. With most law schools failing so miserably at actually teaching lawyers how to practice law, the opportunity to develop such relationships can be a significant benefit to someone setting up a practice straight out of school.

On the other hand, sometimes less populated communities can be rather closed to strangers. It may be important to have some family connections or a well-established sponsor there to open doors for you. […]

28 08, 2013

How Do I Decide Where to Locate My Law Office? Part 3

2019-03-20T21:45:11+00:00By Debra L. Bruce, JD, PCC.|Comments Off on How Do I Decide Where to Locate My Law Office? Part 3

Today’s post, Part 3 of Debra L. Bruce’s 4 Part series on deciding where to locate your law practice, takes a look at the demographics of your peers/competition.

Attorney Demographics

Give some thought to where your competition is located, too. The SBDC (Small Business Development Center) can usually tell you how many other lawyers are located within a certain range of your proposed office.Does your state bar association have demographic information about lawyers in your state? You can probably guess that you will find more lawyers near a law school or a seat of government, but what are the practice area distributions?

The State Bar of Texas, where I’m licensed, publishes reports on demographic and economic trends for attorneys in the state. You can see the number of attorneys per capita in various counties, the median income of attorneys in different practice areas and regions of the state, and the median hourly rates there. A lot of other information is available. When combined with census data and other information that you can obtain on the internet or from the SBDC, you may be able to identify a trending growth region in your state that has not yet been completely inundated by lawyers in your preferred practice concentration. That can give you a chance to grab a foothold in advance of the tide. […]

27 08, 2013

How Do I Decide Where to Locate My Law Office? Part 2

2019-03-20T21:46:45+00:00By Debra L. Bruce, JD, PCC.|Comments Off on How Do I Decide Where to Locate My Law Office? Part 2

This is Part 2 of a 4 part series, How Do I Decide Where to Locate My Law Office? We’ve looked at types of offices and practice areas in previous posts; now it’s time for you to do some detective work to determine where your potential clients are.

Client Demographic Data

Sometimes it isn’t obvious where to find your target clients. You can get some assistance from your government in locating them, however. Small Business Development Centers funded by your tax dollars provide free counseling to small businesses, including a law practice. The SBDC provides services relating to financial and business planning, marketing, and feasibility studies, among other matters. The SBDC will do marketing and demographic research for you based on the parameters you establish, for free. By way of example, the SBDC can help a wills, trusts and estates lawyer identify an office building close to the neighborhoods that have the highest number of married couples with small children and an annual family income in excess of $150,000. […]

26 08, 2013

How Do I Decide Where to Locate My Law Office? Part 1

2019-03-20T21:48:08+00:00By Debra L. Bruce, JD, PCC.|Comments Off on How Do I Decide Where to Locate My Law Office? Part 1

Debra L. Bruce’s previous 5 part series, What Kind of Law Office Space Should I Have?, addressed the different kinds of available law office arrangements you might pursue. Today Debra starts a new series that discusses how to determine the actual geographic location of your office. Of course, if you have decided on a home office, perhaps that settles the question. If you have the option of relocating your home base, or you won’t have a home office, here are some thoughts to factor into your location decision.

Practice Focus

Your primary practice area may significantly influence your choice of location. If you have a practice that requires you to appear in court several times a week, often on short notice, a location near the courthouse can save a lot of time.

If you have a business practice, think about where your clients congregate. Are certain industries zoned to the same part of town? Is there a high-tech or manufacturing corridor? Can you open your office in the same building as an important industry association or near a popular meeting venue for the industry? […]

23 08, 2013

What Kind of Law Office Space Should I Have? Pros and Cons – Part 5

2019-03-20T21:49:51+00:00By Debra L. Bruce, JD, PCC.|Comments Off on What Kind of Law Office Space Should I Have? Pros and Cons – Part 5

Today’s Post, the final part of Debra L. Bruce’s 5 part series on figuring out the best location for your law practice, focuses on the home office + Office Hoteling. Part 4 addressed the executive suite, part 3 subleased space, part 2 shared office space and part 1 the home office.

Home Office + Office Hoteling

Pros:

Office hoteling packages allow you to work from a remote location most of the time.
You are able to maintain a business mailing address, a building directory listing and a phone line with reception services.

[…]

22 08, 2013

What Kind of Law Office Space Should I Have? Pros and Cons – Part 4

2019-03-20T22:01:50+00:00By Debra L. Bruce, JD, PCC.|Comments Off on What Kind of Law Office Space Should I Have? Pros and Cons – Part 4

This post is part 4 of a 5 part series by Debra L. Bruce on factors to consider in determining what kind of law office arrangement to have for your law practice. Part 1 discussed the home office, Part 2 looked at shared office space and Part 3 considered subleased space. Today Debra addresses the executive suite.

Executive Suite

Pros:

1. You have cost efficiencies of shared space, and a full-time receptionist to answer the phone and greet clients.
2. Office furniture may be included.
3. The term of your lease is not dependent on the term of any other tenant’s lease.
4. Professional management deals with most of the equipment maintenance, staff performance issues and problems with other tenants.
5. You have your own direct telephone line, and the receptionist answers with the name of your firm. […]

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