Setting up a solo practice is a high-stakes gambit that's often fraught with potential for failure. Yet many who have succeeded-through both diligence and creativity-say they wouldn't have it any other way. Four lawyers who've set up their shops in recent years tell how they make their practices work.
By Steven T. Taylor
In this inaugural installment of a new Law Practice series, a fictional lawyer considers the leap from big firm to solo practice. Offering recommendations on the scenario are practice management advisors James A. Calloway and Reba J. Nance, law firm administrator Lori J. Kannenberg and two outstanding small firm lawyers—Stephen J. Harhai and Cory Furman.
Solo and small firm practitioners might think that systems security is not a priority for them. But in today's world, no one is safe from thieves, hackers and malicious intruders. Here are steps for protecting your practice and your clients.
By Catherine Sanders Reach
In a small firm, the task of finding, evaluating and buying reference materials falls to the lawyer, not a staff librarian. Here is a law librarian's advice on how to create a library that suits your specific needs—without spending a fortune. Plus, links to additional library set-up resources.
By Kara Phillips
When your partners are ready to retire, will your firm be ready to fund the lifetime stream of retirement income that was promised? Scenarios and possible solutions for law firms to consider.
By Ann L. MacNaughton and Barton J. Bradshaw