I have been a non-equity partner for about 8 years in a small matrimonial law firm. Time has come for me to fish or cut bait—start my own firm, or join another firm in a parallel role. I’m excited but terrified at the prospect of starting on my own.

Who has any words of encouragement or caution??? Is this the perfect time or the worst time to undertake such a transition? Please help!

like
Posting as :
works at
You are currently posting as works at

Do you think that a client would do well to trust you with their case? If so, then start your own practice. And trust that you can figure out the practice and logistics of operating your own firm - the marketing, the billing, the entity creating, the office space finding, whatever - because so many other attorneys less capable than you, less experienced than you, less hard working than you, have all managed to fumble their ways through that and get it done. And whatever they can do, you can do too.

like

Thank you!

Every one and every situation is different. But maybe this is something you need to hear: Three months ago I left a Big Law firm and started my own office. My only regret? I wish I'd done it 10 years ago.

Just do it and don't look back.

like

It is the best of times, it is the worst of times.

I started my firm the January after the towers fell. And it won’t be the last time you start your firm. In 20 years I have started my form 4 or 5 times.

like

No, I mean I had a line of business, flamed out, and started again. I started doing tax and estate planning and administration. Now we do complex commercial litigation, corporate, tax and securities. Wherever you go, there you are

Find a business mentor/coach who can guide you through the business operations. If you are walking with a book of business that will help sustain you, and then you will need tools to market and grow. Invest in systems that produce replicable and scalable results so that you can focus on law and your firm is as automated as possible. When starting your own firm you are also taking on the title of entrepreneur don’t neglect those job requirements.

Do you have your own clients ?

I do. I have what I think is a respectable book of business. It’s more the rest of it that is making me very anxious. Luckily I have a number of colleagues to lean on for guidance in going it alone. So maybe it’s more a fear of the unknown

Going out on your own is terrifying and exciting. can you afford to go a few months making no money? Do you have a ton of debt so your monthly nut is high?

Fear is not so much about the money (maybe I’m being naive). So the answer to the first is yes and the answer to the second is no

Sounds like you should go for it. Plan it out. Get your ducks in a row on someone else’s dime. Then make the move.

Related Posts

Can an ADA make the jump to big law or a boutique litigation firm? I’m a NYC ADA (DANY/KCDA) from a Tier 2 law school (top 45% only) and top 10 undergrad. Can experience make up for mediocre grades?

Can anyone help me with a referral in big4?

Skills: Devops & AWS
Yoe :4.5

like

Nike vs Amadeus vs Impetus technologies inc Which one is best to join with same compensation. Goal is great work, learning, WLB, yearly hike and job security. Nike Amadeus Impetus technologies inc

like

After you moved in-house, how did you get more comfortable reviewing contracts or counseling on issues you weren’t super familiar with? I was very specialized at my law firm and took a similarly specialized role in-house….but I still get requests to mark-up types of agreements that I never touched at my firm. I’ve been trying to find CLEs to get up to speed, but I’m wondering if this is generally something that gets more comfortable with time…

like

Has anyone pivoted to a fed gov job in the intelligence space? Such as a civilian intelligence specialist, etc. would be curious to hear your path! Thanks.

like
like

Risk fishes I’ve got an question. Would it be really beneficial to do MBA as a Risk consultant and would it be an enabler for me to step up towards being a partner in the big4?

like

For those of you who made the switch to in house/corporate law, what was your experience like? Did you have to take a lower position to gain the experience or were you able to argue that your soft skills were transferable to in house? I’ve been in litigation for 15 years and I’m looking to make the switch. Ultimately, I’d like to get into Legal Ops, but feel getting some in house experience first would be beneficial.

like

Hi. I am looking to switch jobs. I am a qualified lawyer with 5 years of experience in law firms and 2 years as a consultant at a Big4. I would prefer opportunities in consulting, perhaps related to compliance management or legal analysis. If anyone knows of such an opening please do let me know. Thank you.

like

Do you anyone looking for opening in Infosys. Please do inbox me.
While sending profile share your location preferences and date of birth.

like

Anyone has any idea what would level 6 may look like in Amazon India for Analytics. Is it equivalent to Sr manager in big 4 or VP in bank

like

Hi - Looking to connect with people from Boston Consulting Group to find out more about the work and potentially a referral for the Senior Associate role. I have a Life Sciences PhD and 1 YOE in consulting. Please let me know if you’d be interested in connecting, thanks!

like

Duane Morris LLP has an opening for a mid-level transactional associate to join its cannabis practice. Join a rapidly growing transactional practice working on sophisticated M&A, private equity, debt finance, private company corporate governance, other commercial transactions and regulatory matters, including preparation of cannabis licensing application packages. The successful candidate will have experience representing industry operators (cultivators, processors, dispensaries, independent

like

Hi FRIENDS,
I recently joined HCL from Dell as Associate consultant E3.1 for AI/ML ROLE. I have total of 8.5 years of experience. I accepted offer for 36 lakhs.
I see there are people with roles such as Consultant and Sr.Consultant with the same experience as mine.
I regret now that I haven't asked for Consultant role.
What is the salary that HCL will offer to Consultant and Sr.Consultant roles?

like

Any remote openings for Data Science domain?

like

What kind of role is CFO Advisory? I'm context to US GAAP. Please suggest. A captive center is offering this role.

like

How is the Senior Associate Role in PayTM
is it good to join?
what is the work life balance and learning?

like

Hello everyone ,
I’m currently working in insurance customer service at an agency. I work in the mortgage department assisting w mortgage changes , payments etc. I’ve been thinking about becoming a claims adjuster most likely for property damage . Is it worth it ??? I hear a lot of talk about how claims adjusting is a lot of work and very demanding but I think my current position has prepared me for the challenge. What are some good companies I maybe should apply for after getting my license?

like

Considering accepting a fully remote role and living in different cities for 6+ months at a time. Anyone else do this and have experiences to share?

like

I recently joined Amazon (<30 days) and I’m starting to realize I’m not very happy or energized by the work I’m doing. I want to give it a chance and stick with the team for about 6 months to a year but if nothing changes, how soon could I look for a new team within Amazon?

like

More Posts

Fidelity Investments I got a job offer from Fidelity. I wanted to discuss it with HR but he is ghosting me since then. Not replying to calls and emails. It has been more than 2 weeks now.Fidelity Investments

Question from a recent UX Bootcamp grad: I currently have a single case study in my portfolio. Upon reading somewhere that 2 case studies are required to be considered by recruiters, I stopped applying to jobs for about 2 months as I work on a second case study when I can.

Recruiters, Leads, PM’s etc., how do you feel about applicants with a single CS to show?

like

Acn folks who have done the ey tax chat service. I started the process but have left the firm and can no longer login.

Who can I reach out to about this?

like

Have you ever tried to bring about a change/stood up for something at home/office etc. Did it succeed/fail? How was the experience?

like

Fell off the keto track for this week, any suggestions on how to get back on track?

Investigations - would love to get out of the retail store in the field.

like

Hello fishes
Am going to join Vodafone in next month
How is the work cluture and and carrier growth in the organisation?

I am currently working as a SAE in Canada and thinking of moving to London, UK. What salary should I expect?

like

Hey 🐟
Working on GCP and AWS Architect cert so I can position myself as a multi cloud advisor.
Does this block my opps to potentially move to either GCP/AWS?

like

Currently preparing for a final round case interview at the director level for a CVS Health graduate summer internship. Any tips or things I should look out for/emphasize? First time making a final round. Thanks in advance.

like

Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

like

What would you do?
My company contracts a web developer, we have a set amount of hours for the quarter and pay over if more work is needed.
He never gets anything done. Doesn’t answer emails half the time. The one thing he’s done was take out a blurb that threatened our eligibility for patent renewal.
We have another company taking over in January, but I still have some pretty important dev needs until then and I can’t get him to do a thing. I truly try to give him all he needs.

like

Just looked up a firm a recruiter told me about. I would be the only Latino on the roster and among the few that didn’t go to an Ivy League or top 20 law school. I don’t even know if I should bother applying...

like

Is it a norm to send a thank you note through your recruiter? I had an iffy interview, and wondering if I bother sending a thank you note. It was very clear that they were trying to do a stress interview so I feel weird saying the usual nice things.

like

2 years Python Developer building Django apps. CCTC: 4.5lpa
How much should I expect now? Interviewing at Harbinger Systems, Pune.

like

I have an interview for my first product designer role out of Bootcamp. What are your favorite questions to ask during an interview as a job seeker and why?

like
likefunny

I have significant equity in a property (300k+) and maybe another 200k across other properties. I have a decent amount of money in cash and already 200k or so in stocks. Would you consider pulling money through cash out refi and using it? I get nervous for stocks being so high. I have a few properties in pipeline already. How would you suggest using it (if at all).

like

Additional Posts in Small Law / Solos

Are there any real estate attorneys who have gotten into the title insurance business? What does that look like? Do you still carry on a private practice on the side?

like

Does anybody have a good guide or resource they can point to in regards to show clients how to organize their documents for our firm? A lot of time is wasted here going through discovery documents we receive from clients because the docs are disorganized and not annotated - it just becomes a whole scavenger hunt and it’s eating into our time like crazy.

like

Best way to go about getting contract work for new solo/startup? Should I just ask around the area for people doing that type of work and see if they have anything?

like

Started my law firm this month. Have a few of-counsel positions and want to do mostly litigation (civil and commercial in NY). Besides word of mouth and networking, have any of you found any websites or services that generate legitimate leads?

like

Which practice area has the most amount of room for creative problem-solving? (And enough $$)

like

Virtual receptionists….anyone utilize this and if so, feedback? If not, thoughts? Start

like

Has anybody opened a residential real estate law firm? What are the margins and hours like? Thanks!

like

Has anyone used a coaching service for their firm? If so, any recommendations?

like

Managing attorneys in small firms - how much do you make?

I'm in South Florida. Currently a 6 year associate at a small firm (~12 attorneys, 55 staff). Making a move towards Managing Attorney position that they are considering hiring from outside the firm for. I'm going to make the case that they should promote from within and give me the position. I'm objectively a good candidate for it. Question is... what's a good salary for that position? What do you make? Thanks.

like

Anyone practice DUI in Orange County, CA? Please dm me. TIA

like

Has anyone received equity as contingency comp? I have a potential client with a founders dispute. He doesn’t have cash, and the other founder ripped him off and is now running the company. He wants to sue for equity and wants to pay me with whatever equity he wins. I’ve never done a deal like that. Is that even enforceable? CA law. The startup is actually quite promising.

like

I work at a small, 3 lawyer firm. One of the lawyers is not barred in the state we practice. Because of this, the managing attorney has been having him draft motions and other legal documents and use my name and bar number and having me file them because I will have to appear in court for the matter. Is this normal? I am not provided time to review the materials before I file them so I end up working longer days because I am nervous to file something using my name and bar number.

like

Does anyone share the feeling of wanting more lawyer friends in their circle? Sometimes it’s nice to talk about anything besides the law and work; yet, other times, I crave talking to people who share similar experiences and can bounce case ideas and strategy, vent about opposing counsel and Judges, etc...you know, people who just “get it”.

like

Solos - what does your day look like? Do you work traditional hours? Do you take breaks during the day for personal things such as errands and working out?

like

Does anyone run a business in addition to their firm? I’m a solo and I’m doing pretty well with about 60-70 billable hours a month. Though that leaves a lot of downtime. Curious if anyone has any second businesses that require about 20 hours a week. Not looking for passive income or franchise ideas though.

like

I'm on a contract and asked if they wanted to continue their anwser was yes but we need to check our budget. I didn't hear back about a full time offer and just applied around well why do I feel guilty about interviewing with competitors when they haven't given me a writen offer?

like

How do firms give bonuses to associate attorneys? Quarterly, monthly, annually? What is a bonus based on? Money recieved, billable hours, etc?

I'm looking to set up a bonus structure for a new associate.

like

Anyone ever use “solo practice university”? Are the classes actually helpful? Is there a value here? Thanks.

like

Hi. I’m in need of advice and encouragement. I’m currently working as a public defender(2nd year) but I would love to pursue a solo private practice. I would like to leave the public defender because I am ready to make more money and I am no longer feeling the fulfillment I once felt. I have a family and work-life balance is a priority. What is a good way to gain experience in other areas of law as a solo practitioner? What areas of law are best for maintaining a work-life balance?

like

I have no idea what 99% of the other law bowls are talking and complaining about most of the time... anyone else in the same boat?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal