Re: Startup costs of my own practice are not the problem, bu

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I check out myshingle.com almost daily and yes, it is a very good site with
many decent links. I also have no connection with the blog.

On 12/08/06, kristi wrote:
>
> Carl,
>
> Check out solosez and myshingle.com for more inspiring messages and persons
> more positive about solo practice (and I swear I have nothing to do with
> these sites - solosez is through the aba and myshingle.com is a blog that
> has been around for 4 years by Carolyn Elefant - not me).
>
> BTW - I think it is a great question that has not been adequately addressed
> lately.
>
> -Kris
>
>
>
> On 12/01/06, rrr wrote:
>> On 11/30/06, Carl Jackson wrote:
>>> Okay, consider me somewhat scared away from the prospect of a solo or
>>> small practice with a friend. I consider myself to be in a niche area
>>> of law where there aren't a lot of attorneys doing it (although there
>>> are a lot of attorneys in general where I live). But the thought of
>>> burning through my savings and credit scares me. I wonder if it is
>>> all possible to do it the way you are doing it - teach or have some
>>> other full-time or part-time job so you have regular income, then take
>>> on clients gradually?
>>
>> Yes and no. Depends on your niche. Many practicing attorneys teach as
>> part-time adjuncts at various schools. They see it as a profitable form
>> of advertisement and resume builder. You get paid to meet clients and
>> potential client referrals. (Beat that you filthy vendors...lol)
>> Unfortunately Adjunct pay isn't always very good. I've seen rates as low
>> as $20 per credit hour (Fort Collins, CO--- yeah that Masters Degree
>> really paid off there), but you can swing up to $50 a credit hour in some
>> situations. The payoff is that you meet and create credibility quickly
>> with many people. The downside... teaching sucks and most of them are
>> poor. As for being a full-time college instructor, a full time schedule
>> makes practicing law on the side difficult. But if you hustle you can
>> make $60K a year with Friday, Sat, and Sundays off, so if you have a
>> Niche that can be handled working Fridays/Sats only, then yeah teaching
>> while practice building is possible. Do you have a niche where your
>> clients are willing to hire a part-time attorney?
>>
>> Let me guess... you looked at your Rolodex and realized... "oops, I don't
>> really have any potential clients".