December 01, 2017 Practice Management

Building a Practice: What You Need to Start or Buy That Law Practice

By Martin H. Abo

Below are but 40 soul-searching questions the solo needs to review with his or her advisors before the doors are opened, the leases are signed, and, more than likely, the loans secured (notice it doesn’t start with just running to the bank or tapping your retirement accounts). If you ask and answer these issues (remembering to adapt them to suit your particular practice situation), then you will not only know what amount of money you need to make your deal work, you will also know and understand what kind of financing you might or might not need and who is most likely to offer it (e.g., your own savings, a financial institution, your 401k, Bank of Dad, etc.).

Premium Content For:
  • Solo, Small Firm and General Practice Division
Join - Now