- Instructor: Attorney Bob Schaller
- Lectures: 1
Take the Entrepreneur Test
Deciding whether to start a law firm is a tough decision. Lawyers gain the freedom described above but lose the security of working for an established firm as an associate. But is that freedom? In the short run, a young lawyer likes the security of knowing a paycheck is coming twice a month. But all private practice lawyers ultimately realize that they “eat what they kill.” Therefore, the early shelter and protection offered by an established firm is lost after a few years when the developing lawyer is required to either leave the firm or develop a pool of clients that generate sufficient profits for the firm to justify the lawyer’s salary. In essence, the lawyer has to develop the lawyer’s own “profit center” or the lawyer’s own “solo firm” within the firm. Either way, the lawyer has to know how to start a practice and thrive. This course will help striving lawyers get on the path to success.
Lawyers should answer the test questions to determine if they have what it takes to start a law firm.