10 Rules for Surviving as a Solo or Small Firm Practice

We hope this doesn’t come as a shock, but the legal profession is going through some monumental changes. Walmart now has a niche for lawyers next to the bank and a doc-in-a-box in many stores. Sam’s Club now offers LegalZoom as a benefit. And a growing number of states are licensing paralegals to deliver limited legal services, a la physician assistants. But that is just a tiny glimpse into what’s in store. Some futurists predict that as many as one-third of the lawyers in practice today will have left the profession within the next five years. What Are You Going to Do? News like this can leave a solo attorney or small firm lawyer feeling (to paraphrase “Hamilton”) outgunned, outmanned, outspent and outplanned. It doesn’t have to be that way. How will you need to change your thinking to stay viable? Here are 10 rules and recommendations: Learn from change, don’t resent it. Ask yourself, “what is the opportunity here?”…

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