Solo Practice

Opening your own practice can be both rewarding and challenging. Some of the rewards are flexibility, autonomy and the ability to keep all of the revenue you generate instead of sharing it. It also offers the chance to create something new on your own terms. Some of the challenges of solo practice include financial risk, lack of administrative and social support, the need to generate your own business and the lack of an externally imposed structure.

IS SOLO-PRACTICE RIGHT FOR YOU?

If you're considering solo practice, there are numerous resources to help you evaluate whether or not it might be right for you. Below find some of the best of these resources, which you may wish to review in order to gain a better understanding of what it takes to establish a solo practice:

• ABA’s General Practice: Start & Run a Law Firm

• US Small Business Administration

• How to Start and Build a Law Practice

• Flying Solo: A Survival Guide for the Solo and Small Firm Lawyer

• The Ultimate Guide to Solo and Small Firm Success

• SCORE: Free Small Business Advice

RESOURCES

• Solo-Practice-Specific Sample Informational Interview Questions

• If you are considering solo practice as an option, download the Solo Practice Checklist to learn fundamental steps to consider in your implementation