Thinking entrepreneurially is essential to success for all attorneys in small firm or solo practice. Yet, law school training never instructs us in the business realities of such an environment.1 It also does not, and in all fairness, cannot prepare us for the unique cultural aspects of small firm practice and the pull and tug of building and growing a successful business.
Given the recent harsh economic realities and the resulting law firm layoffs and restructurings, the number of attorneys leaving larger firms or in-house positions to pursue small firm or solo practice is increasing. At the same time, however, those making such a transition often lack the entrepreneurial skills necessary for survival and success in this setting.
