I am contemplating starting a virtual firm then opening a small practice that specializes in family law, estate planning, and probate. I am finishing up my MBA this month and I want to know what are some key pitfalls and tips one may have for me going into this. Please note this is just in the brainstorming stage.

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Keep expenses reasonably low. Focus on building relationships (peers, practitioners and professionals in adjacent practices and industries, community, etc.) without expecting anything in return. Don’t take on everything (meaning don’t be afraid to turn down work/clients if you don’t have the skill set/they seem likely to be a PITA and also outsource when appropriate).

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Yes right around $1000, mainly because of insurance

I have done this. It's so much easier than you think. Minimize your software costs. You will be surprised how many programs you use that cost a whole lot. For example, I paid for docusign not realizing that Acrobat has it too, etc. Answer your own phones. Do your own website. Do your own ig and facebook ads with canva. It's easier than you think. Let other lawyers know you are going to be doing this and you will be surprised how much contract work they will send you.

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