Once an attorney realizes that she wants to open her own practice, she must consider not only the glamorous concepts associated with being a successful attorney, but also the realistic concepts of hard work, long days, and unexpected tribulations that line the path to success. An attorney who sets out to accomplish such a task is not just an attorney—he or she is also an entrepreneur, as well as marketing director, an accountant, and possibly even a secretary. Wearing so many hats may seem overwhelming at first, but by focusing on the main areas of law practice management—managerial/organizational, marketing and financial—even a new attorney can create her own business.
While one does not necessarily need to be an “entrepreneur by birth,” it is certainly helpful to possess a burning desire to propel one’s own career forward. If an up-and-coming attorney/entrepreneur expects to be home with dinner on the table by 5 p.m. each evening in the first year of practice, then he is sorely mistaken. In addition to the areas of practice management, the attorney/entrepreneur still needs to work on client files and consider the billable hour (or, how most attorneys get paid).
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
