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For everyone except those in Big Law, but especially those in criminal/family/personal injury/real estate - if you had to plan out the rest of your career, would you start your own firm or continue working with an established firm? Why or why not?

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Don’t start your own firm unless you have business or the ability to attract clients. Folks just don’t show up because you hang your shingle. Get experience, make contacts, make yourself the person that people want when they call a firm that you work for. After you have experience and clients then make sure you can financially and emotionally afford to open your own practice.

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Lawyer referral services are a great connect.

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I prefer being in my own firm. I like knowing I'm going to get a steady paycheck, and I don't really want to deal with business and mangement side. That being said, I do wish I could bring in a larger and more consistent level of cases because I love the extra $ you get from cases you bring in.

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So unless you have business you don’t always take a paycheck. There have been times where everybody else gets paid but me. You have no choice but to deal with the management and business side if you own the firm.

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Start your own firm 😈

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This is actually pretty compelling. Did you start your firm later in your career? I’m wondering if you start a firm when you’re only a few years out, is it hard to juggle learning how to practice with the responsibilities of running a firm?

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In house is where it's at.

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I’m in transactional real estate (small firm with biglaw-type work) and plan to go solo quite soon. As much as I love the guaranteed paycheck and benefits here, I have an entrepreneurial bent and would like control over how/when/where/what I practice. I have talked extensively to solos and other small firms—the overarching sentiment seems to be that there’s always work, but sometimes you have to take whatever walks in the door until you can establish your practice. Know your market and network with the local legal community. I’m lucky to live where there’s a shortage or “regular” lawyers and a Bar that is very supportive of solos/small firms, especially those just starting out. If you’re in a more cutthroat market, you may have a harder time making it.

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I'm about to be NEP and plan on staying at my Am100 for the rest of my career. Of course, in 15 years I might change my mind, but I feel pretty certain about wanting to be part of a firm. I've been through some market cycles (transactional real estate) and one of the things I love about a firm is the ability of different practice areas to support lean times in other practices. So if litigation is booming, maybe IP is slow, or vice versa. As long as my firm is well-run, I'm not going to starve because no one did any real estate transactions that year. It's a team mentality. Plus, running a small or solo practice requires a LOT of non-legal work, like marketing, management, etc. and I prefer practicing law, not running a business day in and day out. Sure, we have management and marketing aspects of our jobs, but at a large firm we also have entire departments of professionals doing those things. TL;DR - I'll take security over autonomy.

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Additional Posts

Still not seeing location in the post window when turning it off.

Testing a new post at 12:06PT 5.12

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Ah now it did.

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First round interview with Slalom went well, but they want me to pay for my own travel for the next round. Is that typical? I agreed but I was kind of 😒.

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Thank goodness for Sunday night football. Makes doing expense much more endurable!

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Is Accenture on a hiring freeze?

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I was just told by my manager that taking a 2 week vacation would look bad while staffed on a client project. I’ve already been on this project for over a year and another extension is coming. Take 1week, he said. My husband and I planned to travel to Europe from the west coast which is expensive and time consuming. We don’t want to limit ourselves to 1 week. Has anyone else run into this type of situation? Can management really dictate how long you can get away - if you have the days accrued?

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Any other new hires feeing like 'what am I doing here?'

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I wonder which lucky firm(s) would get Fiorina's zero-based budgeting project

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Why it is so difficult to sleep on Sunday night ! Knowing Monday morning is coming pretty soon :-(

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why do recruiters and headhunters reach out first and then just ghost before a call is even scheduled?...

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@Deloitte, Currently doing data analytics in assurance. Looking at a Deloitte analytics role in AERS/advisory. What does an associate do; involve advanced analytics or just mainly data management?

What does everyone want to do after consulting? Role/company to make it interesting, not "industry".

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"I did all the work and the person who finished got all the credit" - friend who peeled a lime for shots...... Story of my life

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Cheapest thing you've done after making more than $100K: (e.g. Taking toiletries from a hotel)

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What’s your best nontraditional “Somebody I know made a fortune doing blank” story (I.e. reselling tickets, only fans, nail salons)

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My uber drive is a middle age white man driving an old ass mini van and blasting Christian rap music with his sub system. I can't make this shit up guys

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I want to switch to one of the top 3 firms (McKinsey/BCG/Bain) - hoping for an honest answer - do you guys do lateral hiring from other consulting firms at associate level?

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Less than 8 wks until world implodes (US holds POTUS election). No one will change anyone's mind on FB - so skip your soapbox moment. One word answer: Trump, Clinton, Johnson, write-in, or no one?

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