Is Solo Practice for You?
By Beverly Michaelis
do you know whether solo practice is right for you? As you weigh the pros and cons, consider
the following advice from our If I Only Knew panelists at Learning the Ropes 2013:
You have complete independence as to case choice and income; you also have complete
responsibility for it. Compare this to an associate at a large firm, who has no independence but
has minimal responsibility and a steady paycheck. Small firms tend to be in the middle: some
responsibility and some independence.
Sole practice requires a lot of time and work, but you don’t have anyone looking over your
shoulder. You can work when it is convenient for you. You make all decisions as to how, where,
and when to practice law and manage your cases.
Finances and Resources
Take a look at your own situation. What resources are available to you? What financial
demands and commitments do you have (i.e. loans, alternative source of income, or sole
income for yourself or family)?
Are you personally suited for sole practice? Sole practice means:
Responsibility, freedom, and uncertainty
Being self directed and self regulating. Can you get the work out without someone
Juggling! Can you practice law, run a business, and keep it all in balance with your
Networking and marketing. Can you create your own networking opportunities and
Variety. Do you need routine?
Taking care of yourself – including avoiding isolation
Creativity and knowledge – finding solutions to people’s problems in the real world
Pride in ownership
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Originally posted at http://oregonlawpracticemanagement.com/2013/11/12/is-solo-practice-foryou/