Q: I am a fourth-year attorney with law firm and in house experience. I want to start my own law firm, but don’t have any clients. What are the biggest challenges facing attorneys who want to go out on their own?

A: Venturing out on one’s own is no easy feat. It takes fearlessness, preparation, support, money and clients (to name a few) to navigate the tumultuous waters to sole practitioner success. So starting your own firm is not an endeavor for the faint of heart—or pocketbook. For those who are committed to this path, challenges exist. But for you specifically, with only four years of legal experience and no portable clients to call your own, this career move is an even riskier proposition. Below are the biggest challenges you’ll face when starting your own firm:

1. Business Development

This content has been archived.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

Why am I seeing this?

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]