What should someone starting a solo practice know before starting? 4 years of legal experience trying to start something on the side while keeping current 9-5, so when I’m ready to start a family I can make up my own hours. I’d be doing simple, single family closings as a real estate attorney in NYC. Other than basics like getting approval from current job and ensuring no conflict, creating an LLC, and getting malpractice insurance, etc. what should one know before starting?

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Do you currently practice in real estate? In a different state, but the TRID regulations alone make me question the assumption of “simple” residential closings, not to mention the rampant fraud that practitioners need to watch for. I would definitely check with your state bar for other local concerns.

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Seller impersonation in furtherance of wire fraud is BAD out there. We’re hearing wild stories of fraudsters going to great lengths to trick closing attorneys into sending sales proceeds. If you get into it, BEWARE and make 100% sure you have cyber coverage in your E&O and you comply with the requirements to the letter.

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Asking because I’m In a similar boat! Im in a specialty area and want to start a boutique firm. Trying to to figure out what scaling that might look like, how much I can expect to earn, etc

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F! In the same boat but not in RE

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