Starting Your Own Law Practice? Pick the Right Legal Structure

Choosing a legal structure when you are trying to start up your own law practice can be tough. You have a lot of things to take care of and you probably don’t give much thought over the legal structure. However, if you know a few things then you should be able to set up your law practice with a fair bit of ease. Read on to find a few tips that might help you start your own law practice today.

You Must Understand Which Cases You Can Take on

First and foremost, you have to understand what type of case you are able to take on as a personal lawyer. For instance, if you have trained in civil law that is the area you should be sticking to. Why? Well, you have specialized in this field and you don’t have the specialist training to take on cases outside that scope. It is the same if you were in the criminal defence field, you couldn’t really take on cases which were covering real estate laws or another area as again you aren’t experienced within that field. However, that doesn’t mean to say you can’t direct clients to lawyers who can offer their assistance.

Starting Your Own Law Practice? Pick the Right Legal Structure

Limit yourself if you’re working Alone

If you are a one man or woman business then you know you have certain limits. You cannot take on 50 cases if they all require a certain level of work as you will stretch yourself too far and some clients might not get the best from you. Instead, you have to limit how many clients you can accept at any one time. If you are able to handle 15 cases at a time then fine but don’t stretch yourself. Yes, you want to create a strong law practice but at the same time, you don’t want to ruin your reputation by not putting your all into every client.

Have a Good Pricing Structure and Be Flexible with Individual Clients

Offering a simple pricing structure for your services can be more than useful. For instance, having a free initial consultation can be useful for those who aren’t sure if they are at the right attorney. What’s more, it can be useful to be a little more flexible with clients who cannot afford to pay a large sum of money upfront. Yes, you need to earn money too but it might be a little easier to have a flexible payment plan set up for certain clients. Additionally, set your fees reasonable whether you choose per hour or flat rates, this will make you more appealing.

Build Up a Network of Resources

You will investigate your client’s statements and potentially look for new evidence or witnesses and that can take up a lot of your valuable time. Having a good network of resources available can really help your business and get the answers you need as and when you need them. It’s something you should consider when creating a law practice. It’s about getting a balance between legal structure but also getting the best for your clients too.

Be Confident with Your Law Practice

Starting a successful law practice takes time. It will take time to get word out about your services and to build a vast portfolio of clients too. However, you can succeed over time and there are lots of simple ways to improve your legal services. You have to be confident with what you have to offer and you will learn as you go on. For more information read our article