Uncertain about Whether to Start Your Own Practice? Legal Incubators Can Help

Amidst changing market conditions, including economic influence, technological disruption, and new competition from a growing number of alternative legal service providers, recent graduates are rethinking traditional pathways into employment. Some are exploring entrepreneurship as an option, and I don’t mean the “hip, Silicon Valley, tech start-up with a foosball table in the office” type of entrepreneurship. I mean the “starting your own law firm” type of entrepreneurship. Although, for many, the thought of hanging their own shingle is daunting. They waver back and forth—listing the pros and cons in their heads. Exhilarated by the possibility of tremendous growth, autonomy, and the opportunity to make an impact, they are also fraught with fear and trepidation. Understandable. The decision to go solo is not for everyone.