A Small-Town Due Diligence Checklist

A Small-Town Due Diligence Checklist

Vol. 2, No. 7

Richard L. Hermann is a professor at Concord Law School, teaching the only legal career management course in the United States. His Law Careers blog appears weekly on www.legalcareerweb.com, for which he also presents monthly webinars on legal career topics. He is the author of eight books on legal careers. His book Managing Your Legal Career: Best Practices for Creating the Career You Want (American Bar Association, 2010) was runner-up for the Benjamin Franklin Award, given annually for the best career book of the year.

 

From Practicing Law in Small-Town America, Appendix B

 

The following suggested checklist is designed to provide you with a template that can serve as a launch point for researching small towns in which you are interested in possibly practicing law in some capacity. You can modify it to include other criteria that are important to you and to delete those that are not relevant to your situation or aspirations. Each individual and family will weigh the following decisional factors differently.

 

Population Trends

Current town and surrounding area population

Is it large enough to support your practice (if you intend to open a private practice)?

Is it on a growth path?

If “yes,” what are the factors contributing to growth?

If “no,” why is population stable or declining?

Composition

Age demographics

Retirement community(ies)

Seasonal changes

Colleges and universities

 

Climate and Environment

Earthquake propensity

Tornado propensity

Hurricane propensity

Temperatures year-round

Snowfall

Snow-removal capabilities

Air quality

Water quality

Adequacy of water supply

Severe storm exposure

Location of nuclear reactors

Hydraulic fracturing for shale gas in region

 

Housing

Home prices

Year-to-year price changes

Mortgage rates

Rental costs

Insurance costs

Utilities costs

Maintenance costs

Flood insurance

 

Crime Rates

Violent crimes

Property crimes

Professionalism of local law enforcement

 

Taxes

Property tax rate

Sales taxes

State income and franchise taxes

 

Recreation

Gyms/YMCAs

Outdoor activity opportunities

Proximity to major or minor league sports teams

 

Cultural Opportunities

Music

Theater

Art

Intellectual community

 

Grocery Stores

 

Retail Outlets

 

Churches, Synagogues, Mosques, etc.

Number of and proximity to those of your preference

Diversity

Local tolerance

 

Social Clubs and Service Organizations

Rotary

Kiwanis

Elks

Moose

Lions

Volunteer fire departments

Other

 

Education

Teacher-pupil ratio

How many parents attend PTA meetings?

Where do high school grads go to college?

How do school bond issues do at election time?

Parents’ educational level

$ spent on library and media services

Private and parochial schools

School athletic program

Technology in schools

Private and parochial schools

 

Child Safety

Sex offenders living in community

Oxycontin abuse

Methamphetamines presence

 

Business Considerations

Zoning restrictions on home businesses

Office space availability

Office rental rates

Typical wages for secretaries, paralegals

State/local relocation Incentives

New business assistance

 

Employment

Local unemployment rate

Primary employers

Business-sector stability

Economic development track record and plans

Downtown business space occupancy

 

Quality of Life Yardsticks

Cost of Living

Housing (see above)

Transportation

Maintenance
Insurance

Goods and services

Food
Clothing
Medical care
Recreation

 

Health Care

Physicians per capita

Distance to hospital(s)

Availability of 24-hour emergency coverage

Specialist proximity

 

Local Government

Talk to:

Mayor
City or town manager
Council president
City, town and/or county attorney
Judges
Planning commissioners

Business friendliness

Business attraction program

Is it formally organized?
Is it proactive?
Has it succeeded?

Examine council meeting minutes

Examine master plan, if any

How has town adapted to change?

Openness to newcomers

 

Transportation

Access to airports

Proximity to Interstate Highway System

Gas prices

 

Most Favorable Local Characteristics

1.

2.

3.

4.

5.

 

Least Desirable Local Characteristics

1.

2.

3.

4.

5.

Practicing Law in Small-Town America

 

Order Practicing Law in Small-Town America

 

Did you find this article helpful? Do you think more information like this would help you? More information is available. This material is excerpted from Practicing Law in Small-Town America, 2012, Introduction, by Richard L. Hermann, published by the American Bar Association . Copyright © 2012 by the American Bar Association. Reprinted with permission of the author. All rights reserved. This information or any or portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association. Click here to purchase the book.

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