Are Solos Honest With Themselves When It Comes To Success?

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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…

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How 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…

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Second 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…

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No 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…

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Surge 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…

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Curiosity 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…

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Niche 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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