The economic turmoil of the past two years has had a dramatic impact on those of us who chose a career in the private practice of law. For many attorneys, these conditions have created an ideal time to strike out on their own and fulfill a dream of becoming a solo practitioner. For others, substantial layoffs at large firms and hiring freezes throughout the legal profession have teamed up to leave them with no other choice but to make a go of hanging out their own shingle.
Losing Support: Whether by choice or chance, if you are one of the lawyers who have recently struck out on your own, you have probably already discovered a painful lesson: It’s tough to move from a law firm environment with lots of support and resources for handling business tasks such as billing and client management, to a new environment in which you’re basically on your own to get those important “back-office” functions done. That transition can be very daunting — something I learned firsthand.
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