Quick beats big when it comes to linebackers and law practices. One of the solo practitioner’s greatest weapons is his nimbleness. Without meetings to attend or committees to persuade, a solo can react quickly to developments in a case or trends in the marketplace.
But this advantage often is wasted by solos who leave themselves without the financial resources to take advantage of new situations. As Benjamin Franklin observed, “There are three faithful friends: an old wife, an old dog — and ready money.” Here are three basic tips for solo practitioners who want to protect their financial flexibility.
