The economy finally may have begun to recover, but running a solo law practice or small firm has by no means gotten easy. We are all still feeling the reverberations of the recent meltdown. And whether you are relatively new to the law or have been practicing for a decade or longer, there is no such thing as too much guidance on dealing with the financial bumps in the road that undoubtedly lie ahead. Presented here, then, are two overviews, one aimed at recent graduates trying to avoid the early pitfalls of setting up a law practice, and the other aimed at more seasoned attorneys who have seen their share of economic challenges—and perhaps accumulated more than their share of financial obligations.
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