Are You Ready to Fly Solo?


The highly publicized troubles of large corporate firms make the prospect of having their own firm seem more attractive to many young or newly unemployed lawyers. But nearly 90% of the 1.1 million U.S.lawyers are solos or in small firms, so the competition is intense. An old economics bromide holds that, "whenever there is change, there is opportunity. "Clearly, there is tremendous change currently, so there also is tremendous opportunity now to start a new business. However, you must understand the business and economic realities that are involved.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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