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DIY social media on whatever platform your clients/community like, I’d save that $50k for emergencies. Google and lead gen will eat up $50k with just a roll of the dice for results. I represent solo and small law firms as outside General Counsel if you’d ever like to chat DM me. Good luck and congrats!
You’ve been provided with good advice above. Time is your biggest asset. Do not try to outspend these big firms. Post weekly on social media. You should post so much that your followers and friends look at you as their personal expert on PI issues. Ask your friends to share your posts. Use your money to sponsor smaller events, and attend those events so you can form genuine relationships with people. If you just opened, figure out a way to get involved with a back-to-school event ASAP. Wear your firm’s t-shirt, and pass out something to kids with your logo on it. You can do well as a smaller PI firm if you can build solid relationships.
You can start with $5k! It’s all about your drive and willingness to do what it takes to secure clients! Is it only PI? What other law can you prescribe that will pay the bills?
Rising Star
No, I’m saying in addition to PI. I have 7 years of experience doing a mixture of plaintiff and defense work.
Wild to me! I’m planning to start a firm with a partner next year, but wouldn’t have the guts to do it with 50k.
Kudos
We’ve had our firm for five year handling business, family and PI matters. Google ads have been great for family law and somewhat for business. But PI has been strictly referral base. So post as much as you can about PI and let your network know you’re the PI go to.
You need a good plan in place to fund your cases.