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:
