Most new businesses fail within the first year of opening, and law firms are no exception. Yet each year a group of lawyers decides to hang up a shingle and become solo practitioners. While most will not succeed, a small number of them are able to attract enough clients and keep their practices alive.
If it seemed difficult to start a successful solo practice, taking your firm to the next level by turning it into a small law firm poses a new set of problems. What has enabled a successful solo practice to survive, and perhaps even thrive, may not translate directly into a successful small law firm.
