Re: Life After Solo

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You need to cut your overhead. That is critical. One of the
most effective ways is to establish a virtual office. You can
piece meal the services you need as you need them. It will
enable you to get rid of all utility costs, insurances (except
malpractice). Just bring in your laptop and go to work. You
also need to change the way you attract clients. There are ways
that will cost you pennies and allow you to bring home more of
each dollar you are currently earning. Without knowing your
exact situation these are just generic suggestions. Become a
Third Wave Lawyer. Check out various websites/blogs with great
articles on this: www.susancartierliebel.typepad.com,
www.stayviolation.typepad.com, www.myshingle.com

Good luck.

On 11/26/06, Ben Kaplan wrote:
> Elton,
> I can help you. Do not give up. Shoot me back an e-mail with a
> contact number for you and your firms location. We'll do this.
> Look forward to hearing from you...
> Warmest Regards,
> Ben Kaplan
>
> On 11/11/06, Cecile H wrote:
>> 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.