Re: Life After Solo

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you need to slash your overhead. Get rid of your help and do
your clerical work on your own. Assess your marketing and
get rid of what you can. Share office space. You need to
restructure and you can make it! Dont give up-

On 9/28/06, Elton wrote:
> What is there to do after solo practice?
>
> I have been a solo for 1 1/2 years now as a general
> practitioner. My practice tended to focus on bankruptcy
> and family matters. After new bankruptcy law, my practice
> shifted towards family and consumer law cases. My
schedule
> C will likely show a $5,000 to $10,000 profit this year.
I
> bring in a strong monthly gross, but my profits are
> devoured by bar fees, marketing, networking event fees,
> cle, and a part time secretary/paralegal. I can't make it
> anymore. I need a higher income.
>
> I am depressed about shutting my practice. I always
> believed I would succeed and retire a solo. Anybody have
> any advice on what options are available to someone like
> me? I think my career within the legal field is
finished.
> Firms hate solos and especially failed ones. Any ideas
are
> greatly appreciated.