What is the total of your monthly solo firm expenses?

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

When I was truly on my own, without any support staff, I think my expenses were about $900/month including rent.

like

Marketing $800

Software (Clio, QuickBooks, Dropbox, DocuSign) $175

Supplies ~$300

Postage ~$45

like

6k- not including my take home. I can probably trim this significantly- and probably should. About half into marketing (but not getting the ROI from that marketing to justify it) the rest into general overhead- insurance, subscriptions, rent.

It’s very possible to reduce to under $1000 if that’s what you need- no office, no marketing, just the necessities.

Are you counting client expenses like court costs? Or do you mean strictly business expense like rent?

True solo, no employees - about $2K

More Posts

What are the top companies for cybersecurity roles? Interested in organizations paying well and a strong market presence.

likefunny

Happy New Year ! Anyone interested in bitcoin investment and NFT ?

like

I'm a fresher and I did Bcom from Lala Lajpat Rai College Of Commerce And Economics, Mumbai currently looking for a job to start my corporate journey because I already worked in our family business. I need a refferal for myself is there anyone who works in Accenture.

like

Thoughts on full tuition to a top 20 school or full scholarship to a lower ranked school? Wondering if the brand is worth the difference.

like

Hey bowls I am 20 years old UIUX designer, with 2+years of experience as freelancer. I am stuck now in my career, which role should i consider for job? And what CTC should I expect? How can I land a job easily and where?

Here my resume so you can know me better 😊

Happy designing 🎉

Post Photo
like

The older I get, the harder it is for me to have the mental capacity to text people back. I reply back rather quickly but eventually look back and realize I didn’t even answer the question that was asked or totally disregarded what someone said. Also the older I get, the more uncomfortable I get around people I’m not very close to. I used to be very social and have many groups of friends but now I think I may have social anxiety. Is anyone else experiencing something similar?

like

Are there any PMs with ADHD? I am not a dedicated PM, but I manage my company’s PM team and have the hardest time assisting them because of my ADHD. As somebody who thrives in disorganized chaos, crafting timelines, to dos, and organizing information into a project management system is physically painful for me…

like

How long did your bank give you to pass the 79 from your start date? Is it fairly simple to pass?

like

How do you negotiate priorities with other PMs? I’ve prioritized plenty for everything in my plate, but haven’t for other teams. Need to get Eng time from another pod because my product is integrating with theirs.

like

How much recently promoted managers pocketing in Deloitte USI this year considering hike was good?

like

Working with a downtown Boston area medical imaging start-up with an FDA approved AI infused 3D vascular imaging platform. $25M+ in recent funding was announced last week. Looking for C++/Python developers for AI algorithm implementation as well as interoperability SW development.

like

Where do I find film grants to apply for?

like

What are the best tech focused Slack communities out there? I’d love some new recommendations!

like

What are you go to healthy late night snacks. All this talk of biryani is making me hungry

like

Anyone else extremely disappointed in the raises they’re giving us after the results of the CPA? My hardline informed me today and I instinctively went to LinkedIn to look at new jobs.

These numbers aren’t sustainable, especially with the amount they’re paying poachees from other orgs and what I’ve seen from other companies.

smartfunny

Anyone over here got email for new joiner welcome kit?

like

My company Nomad Health is looking for the following positions to be filled:
1. Manager, Strategic Finance
2. Senior Product Manager, Post & Eval
3. Product Marketing Manager
4. Revenue Accountant
5. Senior Accountant
6. Senior Director of Product, Facility Experience
7. Director, Corporate Development
8. Director, Talent Acquisition Branding & Marketing

Please feel free to DM me for more information on the jobs posted above and for a referral to them!

like

I’m a millennial and the more I have to manage millennials the more I find every cliche about us to be true. Self centered, emotional, insecure, entitled. My heart goes out to every manager

likefunny

What vocabulary did instruction do you use?

like

Additional Posts in Small Law / Solos

Any recommendations for a deposition service company that’s relatively inexpensive? I’ve used Veritext in the past

like

A friend of mine but not a close friend wants to create a partnership. Any advice on writing the partnership agreement or discussing certain issues before hand to make sure there’s no problems later on?

like

Some success, now what? I started a solo practice July 2020. I’ve been successful in building a book of business sufficient to satisfy my overhead and provide me with a respectable income. I want to grow my practice somehow, but I’m stuck at figuring out how. I do mainly corporate transactional work and some litigation. Any advice?

like

Anyone in-house who practices law on the side as a solo or small? Obviously with consent from your employer.

like

Do you wear heels in court?

like

I’m early into my career, thinking of leaving a midsize med mal firm to open a solo practice in business law but don’t have a ton experience in that area. Is this insane?

like

What would you do? Worked at a small family law firm for 8 months. Hated the work and I didn’t get trained at all. I was poached by an immigration firm (I never wanted to do immigration but needed a way out). Fast forward 4 months, I love immigration but HATE the toxic work environment. I feel like a failure for ending up in another situation that’s not good for my mental health, which sucks because I really really love the work. Am I being too ambitious for wanting to go solo in one year?

like

Out of curiosity, for those solos in large personal injury markets, how much do you spend per month on Google Ads for it to be worth it? I’m thinking common terms like “car wreck” and “accident lawyer”...

like

For those who are doing their own books, do you have any tips for accounting? Specifically for reconciliations... Also, is there some Golden rule about not carrying over too much money in your operating account into the new year?

likehelpful

Has anyone worked on a outsourced GC model. Where for a monthly payment you do effectively unlimited work for them? I hate billable hours and prefer fixed monthly retainers.

like

Looking for tips to help generate my own client base when I work in a rural area for a firm where the only lawyers are myself and my boss. I’m a relatively new lawyer and with his name on the door it makes it hard to get new clients because everyone wants to deal with the name partner. I’m a GP with bulk of my work being real estate, wills, estate admin and civil litigation. I also have a big interest in agricultural law and contract drafting.

like

Solo and Small PI firm owners:

-Law school graduation year
-When you started out on your own
-High volume or low volume practice
-Your firm’s average yearly profit
-estimated % for overhead costs

like

I’m a 4 year attorney working in a small boutique firm doing immigration and PI litigation. My salary is fixed with no commission. Thinking of negotiating about commission but not sure what percentage is reasonable. The partners once mentioned they want to make me a “junior partner.” We didn’t go into details but I think they want me to also put money in and take cuts. I’m wondering about the reasonable ratio of investment and cuts. Your thoughts are very much appreciated!

like

In light of high current inflation, what are your firms doing regarding fees?

like

How do you categorize your partition folders?

like

I’m a true solo who just started my practice two months ago. I was just offered a position at a midsize firm making $85k with health and dental. Also possibility of paying off my student loans. I feel like I would be miserable there, but it sounds wonderful to have a steady paycheck. What do I do???

like

Saw some postings for a small/mid-firm in my field of practice targeting current solos, but they want you to come with a book of business. Anyone successfully lateral this way and if so, what’s a typical size book of business these small/mid firms are looking for?

like

Recommendations for virtual receptionists?
I tried POSH bc of price and they were awful. Really trying to avoid trying all the players in the market.

Wondering what to pay an intern, a 3L. She’s a certified legal intern. Per hour? Per project?

like

How much of your calls are Spam /bs? I’ve had to get a receptionist service to answer calls because I get soooo much spam. Just me or new age?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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