Thinking of starting your own law firm?

The past three years have dramatically shifted how solicitors think about the practice of law – including the potential to start one’s own law firm. 

Starting your own law firm can come with a host of benefits: greater work-life balance, the ability to choose cases that are meaningful to you, and the ability to build a firm that prizes exceptional service on your own terms. With the shift to remote and hybrid working, it’s more affordable to start a law firm than ever before. Many new law firms are forgoing paying for expensive office space in favour of starting from shared offices, more affordable locations, or even from the owners’ kitchen tables.

If you’re considering starting your own law firm, it can be hard to know where to start. While many solicitors are well versed in the law, owning and managing a firm can present new challenges and require completely different skillsets to those you’ve learned in your career and education so far.

That’s where a brand-new guide from Clio comes in. Developed for UK and Irish lawyers (including Scottish lawyers), this just-released guide gives extensive insight and information on how to set up and run your own law firm.

In Clio’s “How to Start a Law Firm,” you’ll discover what’s needed to set a brand-new law firm up for success. From creating a business plan to acquiring insurance, as well as networking, marketing, and hiring, this guide will help you to determine your goals and design a roadmap to see them through.

It provides practical information on the basics you need to know – right down to the essential equipment you need, and even how to set up your office – as well as information on the approach needed to register and name a firm.

The guide also includes some essential tips when it comes to starting off on the right foot financially, including:

• How to create a law firm budget
• How to avoid excessive debt when you’re just starting out
• What you can do to make revenue as predictable as possible

Whether you’re already in the process of setting up your own firm or are simply starting to consider taking the plunge, this guide will provide you with the resources you need to take the next steps of your journey.