My Shingle

Planning a Practice

New Law Firm, New Turf

February 13, 2015 by Carolyn Elefant

Like the entrepreneurialclients it serves, Washington D.C.-born Innovista Legal is taking a new risk just a few months after its September launch, moving to a 3000-square foot space in Richmond Virginia, reports Richmond Biz Sense. There, the firm will occupy the first commercial space in a mixed-use building.  Although the article doesn’t say what the […]

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Unemployment Benefits as a Transition to Hanging a Shingle

January 9, 2015 by Carolyn Elefant

Back in the dark ages when I started my law firm, I took advantage of unemployment benefits to help pay the bills. I’d been working five years before a layoff lead me to hang my shingle, so I figured that I’d paid enough into the system to deserve some support. Although my unemployment benefits maxed […]

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Success Through Succession Plans

December 19, 2014 by Carolyn Elefant

Do your or your law firm have a succession plan? If you don’t you’re not alone. CNBC reports that a majority of financial advisors — more than two thirds – don’t have a succession plan for their own business – and that’s actually one of the tasks that they’re paid to handle for clients. You […]

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Another Solo Practice Bites the Dust

October 27, 2014 by Carolyn Elefant

This week, it’s Above the Law  columnist Shannon Achimalbe’s turn to Monday morning quarterback a solo practice that ran out of steam– a topic covered previously by Lawyerist , MyShingle and Simple Justice. In spite of this handful of posts, failed law firms or failed start-ups don’t get much coverage (and when they do, it’s all smoke or […]

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Solo is the New Black: How Helping Solo Attorneys Helps the Legal Profession

July 1, 2014 by Carolyn Elefant

This post is part of the MyShingle Solos summer series which will run between June 17 and July 3, 2014.   This post is written by MyShingle Guest Blogger Adam Sherwin Quick: what are the two biggest challenges facing the legal profession today?  Answers will vary, but I am going to guess that many would agree […]

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Choosing Your Company’s Name: Corporate Names Versus Trademarks

June 27, 2014 by Carolyn Elefant

This post is part of the MyShingle Solos summer series which will run between June 17 and July 3, 2014.  This post is written by MyShingle Guest Blogger Sonia Lakhany Choosing a name for your company or law firm can be difficult. I am asked often by fellow attorneys about the difference between a corporate […]

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Tips for Choosing Virtual Office Space

February 18, 2014 by Carolyn Elefant

Many lawyers starting a practice opt for virtual office space  — basically, a physical location that provides various amenities such as a mailing address and forwarding, a few hours of office or conference room space and/or receptionist of answering services.  For lawyers with limited resources or who prefer to work from home, virtual space, in […]

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What’s In A Trade Name? Legal Ethics Considerations.

February 6, 2014 by Carolyn Elefant

There are plenty of reasons for a law firm to use a trade name.  Trade names can communicate your firm’s concentration or what’s unique about your practice more effectively and directly than a surname.  For lawyers starting out as pure solo, a trade name makes it less immediately obvious that there’s just one lawyer in […]

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Seriously, The Weakest Article on The Cons of Solo Practice That I’ve Read in A Long Time

February 3, 2014 by Carolyn Elefant

I’ll be the first to admit that there are lots of reasons not to start a solo law practice.  If the law bores you, you loathe working with clients (or conversely, view them as “customers”) or you can’t afford a computer, phone and malpractice insurance, then solo practice probably isn’t a good idea. But the […]

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Twenty-First Century Solutions to the Age-Old Problem of Lawyers Who Abandon Practices Due to Death, Incapacity or Illness

December 2, 2013 by Carolyn Elefant

The problem of lawyers abandoning a practice and leaving clients in the lurch is hardly new. Yet abandoned law practices are increasingly becoming a crisis for the legal profession reports Cincinnati Enquirer and Lexington Herald. In Kentucky, a recent tragic spike in the number of lawyer suicides  (six in 2012 alone) galvanized the bar’s attention […]

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