- Instructor: Attorney Bob Schaller
- Lectures: 2
Benefits of Starting a Bankruptcy Practice.
Generate a $100,000 in legal fees the first year and never look back! Sound impossible? No, it is not. The bankruptcy field is uniquely tailored for a young attorney starting a law firm. It is not difficult to master the substantive area of law, yet just complicated enough to scare away competitors. The legal fees are higher than other substantive areas available to new lawyers and there is a need for more bankruptcy attorneys.
Consumer bankruptcy is a perfect practice for young lawyers starting a firm. First, becoming competent in bankruptcy law is relatively easy compared to other substantive areas. Second, profits are substantially higher than most other types of practice available to young solo practitioners. Third, clients are easy to obtain because prospective bankruptcy clients typically lack the market sophistication to distinguish between seasoned and novice attorneys.
Every attorney should study these courses before filing his/her first Chapter 7 bankruptcy case. These courses explain the nuts and bolts of filing Chapter 7 – giving attorneys the confidence to provide competent representation to clients by exceeding the minimum competency level of the profession and exercising the skill, knowledge and ordinary care exercised by other attorneys.
Why Start a Bankruptcy Practice?
Profitability of a Bankruptcy Practice
Tax LawHeck yeah! Bankruptcy is a great practice area to start a law firm or add to an existing law firm. Relatively easy to achieve competency. Great profitability potential for young lawyers.