Operations
Are Solos Honest With Themselves When It Comes To Success?
Recently, Bob Ambrogi reported on the results of a survey on management and technology challenges faced by solo and small law firms of up to 30 lawyers, conducted by the Thomson Reuters Solo and Small Firm Law Group . Among the various topics covered, the survey asked solo and small firm lawyers how they measure…
Read MoreHow Solos and Smalls Feel About Those $180k Biglaw Salaries.
For the past two weeks, the tiny-minded legal world has been obsessed with one issue: Cravath’s announcement that it would raise starting first year associate salaries to $180,000 (the first significant movement from the $160,000 baseline in 2007) and the mighty roar of the lock-step monsters – er, copy cat law firms – racing to…
Read MoreSecond City Solos
Shaan Patel’s advice to entrepreneurs to be a big fish in a small pond to increase their chances of entrepreneurial success applies with equal force to lawyers embarking on a solo or small firm career. Patel, a joint MBA/MD student and owner of Prep Expert learned this lesson the hard way after trying to launch…
Read MoreNo Second Chance for Rationality After Second Circuit Ruling on Constitutionality of Jud. Code 470
After five years and three different courts, solo Ekaterina Schoenefeld’s challenge to the constitutionality of Jud. Law 470 has come to an unfortunate conclusion. A decision by the Second Circuit ruled that the Jud. Law 470 – which requires non-resident, New York-barred lawyers to maintain a bonafide office in the state while resident lawyers are…
Read MoreSurge in CoWorking Options for Lawyers
Over the years, I’ve posted quite a bit about non-traditional office space options like co-working , on demand space and even hybrid vacation/work space. Although any one of these alternatives are suitable for lawyers, none of them are designed exclusively for lawyers. But increasingly, co-working spaces for lawyers have been cropping up all over the…
Read MoreCuriosity May Kill The Cat, But Can Lead to a Killing for Lawyers
Curiosity may have killed the cat, but for some lawyers, a little bit of healthy curiosity can lead to a killing in new business niches. At least, that was the experience of Philip Rosen, co-head of big law firm Weil Gotshal’s real-estate practice. As the Wall Street Journal recently described, while dropping his daughter off…
Read MoreIntroducing Solo Sells: Holiday Gifts By and For Solos & Small Firm Lawyers
Welcome to the first annual holiday edition of Solo Sells – featuring products, crafts and services created by current or former solos and smalls. One of the best parts of solo and small firm practice is that if you structure it right, it leaves time to develop and pursue a side gig without leaving behind…
Read MoreNiche Practice = Job Security for Lawyers
When legal futurists warn of how technology spells the “end of lawyers,” they invoke travel agents as Exhibit A. “Who uses travel agencies, when you can just go online and find deals?” they ask. “And,” another futurist may add, the deals that consumers can find on their own are better than what an agents can…
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