{ "media_type": "text", "post_content": "Second year litigation associate deeply considering starting my own practice. I feel like the solo life, although difficult, would be more justified than working at a firm where all of my work is controlled and stifled. Thinking about doing property/insurance law, some family law, and debt defense. NY. Thoughts? Pros? Cons? Am I crazy?", "post_id": "5fca5b0f8109f200282221d9", "reply_count": 15, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d052", "bowl_name": "Law" }

Second year litigation associate deeply considering starting my own practice. I feel like the solo life, although difficult, would be more justified than working at a firm where all of my work is controlled and stifled. Thinking about doing property/insurance law, some family law, and debt defense. NY. Thoughts? Pros? Cons? Am I crazy?

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

I started my own firm. I would keep getting experience at a firm for at least four years. Let your currently employer pay for your education. Build a library of forms.

like

Smart. Thank you! Really appreciated.

like

Did it myself but as a first year. Best thing you'll ever do. I also ran multiple busineses before. The only thing you need to know is your pay checks aren't steady. Some months I make 40k others I lose 10k.

like

I legitimately thought everyone was going to call me crazy. I am pleasantly surprised.

like

It depends on the practice area, your general knowledge of running a business and your network/mentors. Just bc you go on your own doesn’t mean you have to handle every case on your own. I didn’t go on my own bc I wanted to learn from those who’ve been in this for years. That’s also helped me create a network of reliable attorneys that I feel comfortable reaching out to when I need a co-counsel. I haven’t made the jumó yet but I’m getting everything ready to do it in the next few months. Working ‘big law’ isn’t for me and it’s time I take a different path. I guess you just need to be honest with yourself about how ready you are.

I did it after being a stay at home mom for 10 years and had 4 kids. Best thing I ever did.

helpful

I felt really dumb getting back in, but I was fortunate in 3 important ways. I was financially able to wait for cases to settle. I was very involved in my children’s lives that I had a network of mom-friends who referred me clients and my case manager was extremely experienced. Also, by focusing on plaintiff’s PI, I learned quickly, and asked for help from other attorneys when I was in over my head. Having 3 kids gives you a super power. Be brave, careful and just do it. Plus, I didn’t know I needed the intellectual stimulation, it’s been intoxicating.

Go for it. Best of luck !

Seems pretty early to do that. One, make sure that you have the business or potential to drum up business immediately. Two, have mentors, a network or even list serve that you can consult for issues and questions that come up. If you have the book of business then go for it but make sure you get help and guidance when you need it.

Just started my Firm with a Partner 6 weeks ago, 5yrs out from getting licensed. Loving every second of it and I’m more motivated to practice law than I have ever been before. Obviously we’re a baby Firm, but still, strongly recommend, best professional decision I’ve made. If you don’t know how to run the business side of things either take some time to gain some mentorship or think about maybe partnering with someone with more business experience. Also, I know people who didn’t do it this way, but both of us came into it with at least a decent book of business (him transactional, me PI). Either way, be open to advice, be confident in yourself, and network network network.

IMO, I recommend that when you DO break out, you consider economies of scale. Just a suggestion, but if you want to eventually branch into larger family law cases, or other larger litigation cases, it is less difficult when you can afford more staff, which means, at least one partner. Also, not just for large cases, but for materials and supplies, vacations, the big copy machine (until we are all digital all the time), E&O insurance, research software, law practice management software contracts (we are currently new to but loving Smokeball) etc., most of those offer cheaper for a group prices, etc., so, having a trusted partner splits the costs of that sort of thing into more manageable pieces. Vacations, getting sick, taking an impromptu day off, all facilitated by staff, and most solos have a problem affording an extra staff person. But if you have enough work for two or three paralegals/staff people, then if one of them gets sick, prego, has a sick child, has a family emergency - you are not left with a staff-free office while you are in court so discovery, etc., can be worked on in your absence. Choose a partner carefully, one with similar ethics and work ethics (2 different things), and you’ll see more profits into your pocket sooner than if you are a solo. Hoping these thoughts are different enough from what has already been posted that they are helpful!

Related Posts

I have been working at a small healthcare consulting company focused on Market access and I am hoping to branch out. What are good healthcare consultancies to go for?

like

Hey I’m looking at KPMG for their senior associate, federal healthcare policy. I was wondering if anyone here works or has worked for them and what your experience is/was?

like

Anybody have a partner struggling with mental health issues? How do you manage? My wife has been diagnosed with mental health issues in the past, before I knew her. In the years that’s I’ve known her, 5+, they haven’t been significant up until more recently. I’m doing my best to support her, but sometimes I become a punching bag and it can be really hard to keep my cool. I’m in therapy, and she has also agreed to start therapy after having had some bad experiences with therapists in the past.

like

Hello everyone Currently am working with shriram life insurance as a Business Development Manager has been from last 2 and half year of experience. Before that am working for yes bank, now am looking for enter in IT sector. Can plz suggest me any references or the thing which i should adopt.

like

Any healthcare creative at Grey New York here? I’d like to ask you a few questions 🙏🏻 Thanks!

likesmarthelpful

Have any companies started taking out wholesale life insurance policies on unvaccinated peeps in high risk / low vaxx areas yet? Seems like a low-hanging fruit to me...

like

Has anyone here dealt with adult ADHD? I have a few coping mechanisms that allow me to be high functioning but def deal with insecurities seeing my peerset so on the ball. Curious if any of us have dealt with mental health issues.

likehelpful

Just received a COBRA insurance letter from current employer - recently got hired by this employer. I’m confused, I thought COBRA was offered after you resigned or are laid off?

like

I have auto insurance for 2 cars and home insurance from geico in NJ. Should I shop around or is geico the cheapest?

May is Mental Health Awareness. My memoir is being published this month.”My Crazy Summer: God, medication and me”. It tells of the stress of working in consulting and shows there is hope and light at

like
like

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture Any insiders know what is going on here?

like

I’m looking if a certain dentist accepts my dental via EY’s Better You “Find a network provider”. If the dentist doesn’t show up, that that mean the dentist doesn’t take insurance or that insurance doesn’t work with that dentist? Meaning if I wanted to ask if my dental insurance would be accepted, would I first ask the dentist in question or get on a call with my insurance provider?

like

Anyone else seriously struggling with going back to the office? I’m going in three days a week and my mental health is… not great. I’m constantly miserable when there.

like
like

Does anybody know how HSA benefits work with unmarried domestic partners? We are on same health plan but it’s unclear whether hsa is tax advantaged or not for my partner. Online info is very unclear as well.

like

PWC what’s the range for Manager ? In general and in healthcare?

like

Thoughts on Grey NY health teams (I know everyone has mixed feelings on pharma in general) specifically the account departments?

like

To break up the monotony and encourage mental/physical health, I am hosting a HIT workout class on Saturdays at 10am in Silver Spring MD! We WILL be outdoors and maintaining social distance. $15/class. If you’re looking to get in shape or even join a community with similar fitness goals, it’s a great way to stay active. Working out has definitely helped me to stay sane during quarantine and all the social injustices. Please DM me for details if you’d like to attend! Stay black and blessed ❤️✊🏽

likeuplifting

Healthcare M&A consultant here - 2 years experience in healthcare...separated from firm yesterday. Is anyone hiring?

like

Additional Posts

Partner asking for status update on client deliverable. The Status update:

Post Photo
funnylike

Working 2 full time jobs while remote. One makes 75k the other makes 85k. I only plan on using the 85k towards living expenses. What would You do with the other 75k? Go all in on 401k? Save for a house in the next 4 months (already have 35k saved for a down payment)? Diversify between crypto, taxable brokerage, 401k? I’m also debt free.

like

Wonder if anyone can offer advice on which cert to pursue next? I obtained my CompTIA Security+ last year and wondering if I should go for the CySA+ or Pentest+ next. I also have my AWS CCP and will be sitting for the Solutions Architect soon as well. Currently not doing security stuff at work but would love to keep my skills going. I was hoping one of these next certs will help me finally break into a security role and love the idea of pentesting but not sure if the CySA+ is more beneficial.

like
like

Want to quit in a middle of a project. Can’t stand my firm anymore. Any advice?

like

If a firm starts it's 1st years at $125k, what would a good salary range for a 4th year be?

like

How many of you don't have an apartment and just alt travel or stay in your client city every weekend? Specifically any EY folks who do this? Wondering how easy it is to live like this on our policies

like

Any inputs and personal experience comparing the data science practices of Deloitte, Accenture, KPMG and MBB(quantum black, Gamma in particular)?

like

What’s the intel on Deloitte DNA (new venture accelerator)?

like

Hi all. Please give me an advice. I am still in my twenties but was fired by HF in less than a year because of bad relationship with my boss and my poor performance (originally from EU investment bank) Three months have passed now and got an offer from back office position from another EU investment bank. Though i want to continue seeking front office position, no pipeline anymore now. Should I accept this offer?

like

Have a ton of Aeroplan points saved up. Debating whether to save them for travel or use them for an Apple Watch. Any tips? Is it generally better value to use them for travelling?

like

Hello Fishes, How’s the salary payout put on hold when putting resignation in EY GDS? For example, If I’m putting paper after 20th of this month(September), will I get salary this month? Or will it be on hold for full notice period? Also, after the separation how long will it take EY to process the Full & Final settlement?

like

Just got a pretty good job offer to exit, but I’ve been on the beach for about two months, and kind of feel like my company has forgotten I exist. Is it okay if I keep two jobs and then quit once they staff me/remember I exist?

funnylike

Can anyone please share the comp package of senior accountant/FA role at Amazon at Seattle for recent offers.

like

5 years experience of planning and implementing Finance Transformation Programs, Analytics, and Project/Portfolio Management at a mid-sized Consulting. Sales and Team Mgmt experience. M level w a year experience so far Any firms and/or roles I should consider? My goal is to retain a leadership level at another consulting firm or internal consulting group within a corporation & maximize my compensation

like

STARTUP FOUNDERS and FAANG: would you rather hire MBB with 3-4 years of exp or Tier 2 with 5-6 years? If you could isolate those variables and everything else held constant.

like

Need 11 hearts to start dm. Please help.. thanks in advance 🙏

likehelpful

Any stats on how many people get past 1st phone screening case interview with McK? Also if it’s phone does it mean no charts?

like

Those who have their CFP: how have you used/marketed it effectively to enhance your business? Just earned mine and curious how others have benefited.

like

Comee on lets start

Post Photo
upliftingfunnylike

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal