Make 2025 the Year You Start Your Law Firm
There are as many reasons to own a law firm as there are law firms themselves. If you’re frustrated, tired, or just plain ready to do something different with your career, maybe it’s time to consider taking the leap into law firm ownership
Sound Familiar?
Perhaps you can relate to one (or more) of these:
- You’re frustrated that your law firm takes credit for your hard work, pocketing the rewards while you spend thousands of hours billing.
- Your skills feel wasted on uninspired work and clients who don’t align with your values.
- You’re tired of being told to “wait your turn” while advancement and real responsibility remain perpetually out of reach.
- After time away from the legal profession, reentering seems daunting, or perhaps you find yourself without job prospects in an industry where you once thrived.
- Business isn’t your natural focus, but you’re still curious about what law firm ownership could mean for your career and impact.
- You’re feeling guilty about missing your kids’ milestones or constantly offloading home responsibilities to a partner because your current role is too demanding.
- Balancing loan repayments and family savings on your current salary feels impossible.
- You regret accepting a JD-adjacent role instead of using your degree to make a real difference.
- You’re angry at being overlooked for promotions or opportunities because of your gender, race, or both.
- You feel a sense of uncertainty about the future, especially in a looming recession, as law firms defer start dates and re-engage in layoffs.
- You’re eager to see how AI could reshape your practice or help build a scalable law firm ready for potential private equity acquisitions.
🙋🏼♂️ If you found yourself nodding along, it might be time to make 2025 the year you finally start your law firm.
You’re Not Alone
Declaring ownership of one’s career isn’t just a moment—it’s a movement. Across industries, nearly 50% of workers considered leaving their jobs in 2024, a wave of change even more significant than the Big Quit of the pandemic era. Lawyers are right there, realizing that traditional firms may not offer the job security, fulfillment, financial opportunity, or recognition they deserve.
And it’s not just about wanting change; it’s also about preparing for it. With the rapid deployment of AI, there’s no telling if your job will be here in six months or if it will be replaced by automation. Yet, generative AI has the potential to give even as it takes, reshaping the industry and allowing new entrants to thrive.
The Time to Start is Now ⏰
The best time to start was yesterday. The next best time is today. Here’s why:
- Generative AI: It’s opening doors for first movers, helping lawyers streamline their practice areas, cut costs, and accelerate growth.
- The Creator Economy: This movement empowers professionals to own their talents, a game-changer that’s making waves in the legal world.
- Affordable Digital Marketing & Social Media: Now, you can stand out as a unique and exceptional lawyer, rather than just “one of millions.”
- Legal Tech Advancements: From remote work facilitation to automated document creation, technology makes it easier and more affordable than ever to start a firm.
- Diversity & Equality: Law firm ownership gives women and lawyers of color the opportunity to create innovative practices that champion diversity and equality.
- Regulation Changes: The relaxation of rules around non-lawyer firm ownership is opening up exciting possibilities, whether you want a traditional practice, professional partnerships, or a virtual model.
Join the Free Webinar: Make 2025 the Year You Start Your Law Practice
Ready to take that first step? Join me for a free, no-strings-attached webinar where we’ll cover:
- Why now is the ideal time to start your own law firm.
- The financial and personal rewards of owning your talent instead of loaning it.
- Innovative business models, including how to set up a firm geared for private equity acquisition.
- How AI is reshaping the practice of law and creating new opportunities.
- What you’ll need to get started and the associated costs.
- Key ethical considerations (CLE credit included in this module).
- An open Q&A session—bring your questions, and I’ll have answers.
- Plus, how MyShingle can support your goal to open a law firm in 2025.
When: Friday, November 8, 2024
Time: 3 PM ET
Cost: Free!
Feel free to share this invitation with others who might be ready to take the leap into law firm ownership. Let’s make 2025 the year you stop loaning your talent and start owning it, taking control of your destiny!