Wednesday, September 29, 2010

Opening a Law Office, low overhead, low overhead, low overhead.....

If you are thinking about opening a law office, I have some solid advice for you;
1. Keep your overhead down,
2. Have another source of fees other than just contingent personal injury fees,
3. Don't take "bad cases or problematic clients" and
4. **Of course keep a thorough IOLA[Attorney's Trust Account ] ledger..
If you follow this advice and are able to "bring in business, you are 80% there towards a successful practice.
Remember, reasonable rent, easy on the staff, use per diem people for court and depositions and be mindful of your "monthly nut".
Oh, and by the way, never take a case that you're not comfortable handing!

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