If you have spent a number of years working for someone or even if you are a fresh graduate from a law school, the dream of starting your own venture will always linger. Starting your own firm obviously involves certain amount of risk as you are giving up an impressive salary.
The convincing factor is that, starting a law firm doesn’t require a huge capital, but the venture demands certain business and legal capability.
Then only you will be able to thrive in a business which is so competitive. The very first decision you have to take is to whether you are going to run the law firm from your office or are you opting for a new office which will have a professional touch. An office space in today’s circumstances will be expensive. You can home visit your clients which will save you from the extra expenditure and it will be convenient for the clients too.
How to Go
As soon as you step out of your law school, start working in a domestic relations law firm which will help you to gain experience. Working with experienced family law lawyer will give you a firm base for opening a practice in the specialized branch.
Prepare a marketing list at the earliest which constitutes friends, clients, colleagues and any person with whom you have a personal contact, this list should comprise all the details concerning the person, like mailing address, email address and telephone numbers etc. The main source of contact when you send invitations for the introduction of your new firm will be the above mentioned people.
Come to a decision regarding your practice area, in general the branch would be the same you have been practicing or the branch which you have selected at the law school. If you have plans of deviating from the area of practice then you will have to gain adequate knowledge to represent the clients.
Get over with the required formalities, if you opt for a business other then solo proprietorship you will have to submit a complete file before the state for approval, then only the firm will have legal validity. Specific information’s are given by the Secretary of the State regarding the registration formalities for each business which varies in character.
Establishing your identity
Selection of a location is very important in case you are going for an office space, the place should have accessibility for the clients, partners etc.
A website and marketing materials indicating your professional services is a must, your approach should have something unique so that it stands out from the rest because the area is of extreme competition. Try to become an active member in the family law division of your respected Bar Association, attend the meetings a and join the committee, get involved in all the activities because you may get leads from other Attorneys. Conducting round table discussions at local libraries is another method of widening contacts because the public can attend the meeting free of cost and they can learn more about specific family laws. Keep in touch with the attendants by email.
Marketing via mail will do a lot of good and always try to be in touch with people so that as and when a troubled marriage case arises they will think of you at the first place. Choosing the location of an office is also very important, make a wise decision. You should choose an area of specialty and follow the track, the location also has a dominant role to play in your success, and an upcoming area certainly will require estate law experts.