Lingering Questions on How to Start Your Own Practice

I went through the questions of the attendees of my seminar in at Rutgers Camden Law School this past weekend and all could be sumarized in 3 questions:

1) How do I get clients?
2) How much does it cost to start”
3) How do I learn what to do, say, advise, etc.?

We covered most of them Saturday but I know there were some lingering questions so if there was anything left unanswered shoot me an email at sameer@lawfirmguru.com and I’ll get it up here.

The question of the bona-fide office is already up here.  One question that I saw was how do I afford health insurance.  I wish I had a simple answer to that.  My recommendation is that if you’re in good shape go for low monthly cost and high deductible.

Another question was asking about whether you need to take out a small-business loan.  Simple answer is no.  If you’re looking to build a legal empire maybe that’s not the best advice but if you are looking to start a solo practice with minimal hours and a solid six-figure income then you don’t need the loan (unless you don’t even have $1000).  In which case temp at Starbucks for a month and start your law practice the next.

Finally, the question of paperless office came up.  I addressed it in the seminar but I cannot emphasize how important a paperless office is if you are planning to lead the lifestyle I discussed.  Make this a staple of your practice from the start and I guarantee you’ll be thanking me a year from now.