Although I question the value of business plans , starting a law firm without even a vague idea of anticipated revenue sources or expected expenses is foolhardy. To help guide the law firm planning (or prediction) process, I’ve developed, with the help of my computer-savvy husband, a basic calculator to list and total your costs and anticipated revenues. Of course, you can do the same thing with your own spreadsheet or programs like Quicken or Freshbooks – but the MyShingle calculator is stocked with all of the items specific to starting or running a practice.
The calculator is still a work in progress – it won’t yet save your data input and if you print it out, the format isn’t great. But it’s something fun to play around with over the upcoming Labor Day Weekend, whether you’ve just started out or you’re still dreaming about doing so. So here’s the link: MyShingle Starting A Law Firm Calculator. Enjoy.
Don’t forget – there’s still time to sign up for the Art, Science & Ethics of the 21st Century Retainer Agreement Webinar on September 6, 2012. For $49, you’ll receive access to the live (and recorded) webinar and transcript along with a 70 page ebook and 100 page appendix of sample agreements and forms for use in flat fee agreement, unbundled arrangements and with independent vendors and contract lawyers. You’ll also receive sample clauses related to conflicts waivers, use of cloud products and email in law practice, sample terms of service for your website and much more! To register, click – here.