Risky business; as more solos join the ranks, the margin for error grows increasingly slim

Article Abstract:

Technology, demographic trends and lifestyle preferences can be reasons for lawyers to try to make it as sole practitioners. The fact that we live in an age of layoffs and one in which, at times, only graduates of famous law schools can obtain jobs with major, big-city firms may also play a part. Several young attorneys who made the move identify big decisions, unexpected expenses, and how much cash would be necessary for someone making the move today. Keep expenses to a minimum until the cash flow is consistent.

United States, Management, Sole practitioners, Sole practitioners (Lawyers)

---

Married ... with clients: working with a spouse takes effort, but results in greater rewards

Article Abstract:

Rodd Hamman and Robin Wolff combine marriage with a joint law practice in Billings, MT, but not every lawyer couple can replicate their success. A high degree of professionalism is needed in the office to reassure clients and avoid emotional conflicts. A family practice can offer clients the personalized service many want, and Wolff and Hamman say they have no tension over division of income and enjoy being able to fully discuss cases outside the office. Illness is another potential pitfall.

Social aspects, Analysis, Montana, Law firms, Couple-owned business enterprises

---

Similar abstracts:

• Abstracts: Down to business; at midterm, the high court's business docket goes international. Supreme Court's business docket lacks legal punch
• Abstracts: Preliminary questions referred to ECJ on Netherlands inheritance tax for non-residents. Consequences of ECJ decision
• Abstracts: USA v China in the revaluation of the Renminbi: Exchange rate pegs and international law. Financial holding company: Organizational choice for China's financial sector reform
• Abstracts: Preliminary questions referred to ECJ on Netherlands inheritance tax for non-residents. part 2 In search of a (new) equilibrium between tax sovereignty and the Freedom of Movement within EC
• Abstracts: From outsider to insider; more firms are appointing women managing partners. New trend in general counsel in firms; experts warn conversations with in-house adviser may be discoverable

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.