Whether you have just passed the bar and you are looking for your first job in the field or you have been in the courtroom for decades, you have thought about starting your own legal practice.
And what a great idea and dream to have! However, something that many lawyers, both experienced and not, find is that they forget they are actually starting a business.
With this in mind, below are some great tips to help you start a successful legal practice business.
What Was the Name Again?
This is the last thing that you want any potential client to say. When choosing your name, be sure to steer away from making it all about you and consider names which sell your services.
For example, a person who has just been involved in a motor vehicle accident doesn’t have any idea what kind of legal services Ray White, Practitioner at Law provides, however they do know what to expect when they call Ray White, Motor Vehicle Claim Lawyer. And you can guess which number they will be calling.
Keep Your Costs Down
If you already take advantage of sites like the Groupon Coupons page for Fandango to save money on your concert tickets then why not transfer this behavior into your business?
Each time that you need to buy an item for your practice as you get started, stop and see if you can’t find a better deal elsewhere using vouchers, coupons, or even just online sales. While it may take a while longer to get your place up and running, the cost savings can be quite significant.
Choose a Good Location
Sure, when your business is up and running at a great profit then you can consider moving to nice shiny offices in the heart of the city. Until then, the worst thing that you can do is to spend your money on rent. Instead, consider where your potential clients are likely to be and look for an office space that is a middle ground between the two.
There was once a time when somebody who needed a lawyer would call directory assistance and be provided with information over the phone. Nowadays, when somebody needs a product or service, such as a lawyer, they take out their phone and type in their requirements. Whether it be a family lawyer, property lawyer, or insurance lawyer.
And guess what? If you don’t have a website then your business isn’t going to be shown to them, which means that they won’t be calling your services. Even if you are in an office waiting for the phone to ring only miles away.
Even if you just have a photo of yourself, the details of your practice and your contact information, get a website.
Starting your own legal practice is an exciting time in your life and one which should be treated cautiously. Be sure to keep these tips in mind when you are starting your practice and enjoy the benefits of a successful business.