by Garry J. Wise - wiselaw.blogspot.com
Here, then, are a few thoughts for the benefit of new lawyers considering "hanging a shingle."Read more
Pros and Cons
For the right kind of person, starting your own law practice offers the opportunity to:
- have increased flexibility and self-determination in career, lifestyle and family choices
- take a lead role in complex matters that might otherwise be handled by more senior members of a larger organization
- develop an individual and distinct persona in the profession
- avoid all the vagarities and uncertainties that are typical of any employer-employee relationship
- sidestep the "politics" reputedly found in large firm settings
- develop solid, direct relationships with key clients
- relate to entrepreneurial-minded clients and prospective clients as a genuine and empathetic peer
- enjoy the gratification of building a practise that is genuinely "yours."
- build equity that will represent a saleable asset at the time of your retirement