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So, you’ve just graduated from law school – congratulations! Right now you are probably thinking about how you can put your qualifications to good use. Well, you have two main options. You could go and work for an already established law firm, or you might prefer to become your own boss and set up your own. These days, lots of newly graduated lawyers are choosing the latter option as they like the idea of being their own boss and only working on projects that they choose.
Whether you are completely new to the legal industry or have already been working in a law firm for a number of years, you might have no idea of how to go about setting up your own company. Here are a few things you need to do in order to set up your very own law firm.
Write A Business Plan
You won’t get very far with your firm if you don’t have a business plan in place. This plan gives you the chance to set out your ideas and to write down how you will finance your new firm. It’s also worth setting yourself a few goals and targets to try to hit within the first few years of operating the firm. These should help you to aim high and make it a huge success.
Start Your Marketing
The only way you are going to attract any clients to your firm is by using some very engaging marketing campaigns. As a lawyer, you probably won’t have any marketing experience or knowledge, so it’s best to get in touch with the likes of Elite Lawyer Management so that you can outsource this to someone who knows exactly what they are talking about. It’s best to start marketing your firm at least a month before it is fully set up. That way, you can get some clients on your books for when you do launch.
Figure Out Your Niche
Every law firm has its very own niche, so you will need to figure out what your specialism will be as well. Do you want to work in family law? Business law? Or perhaps your interests lie more in property and estate law? Once you know what your niche is going to be, you can then start to tailor your firm so that it appeals to clients in this specific sector.
Hire A Team Of Employees
There is just no way you will be able to fun a law firm on your own, no matter how qualified or experienced you may be. So, you will need to start recruiting for some employees to help you out. You might be able to carry on with being the only legal expert in the firm for the first year or two to keep costs down, but you will certainly need a receptionist or assistant to help you with all the admin.
Hopefully, all of these tips will help you set your own successful law firm up. Good luck with it!