Business Law And Practice Notes Exam

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Yes, the economy is tough. But did you know that many small law firms are thriving? They are doing well both organizationally and financially. In fact, there is a new trend in the practice of law. The old partnership model is being replaced by the solo practice. The partnership model for law firms came out of the idea that “two heads are better than one, and several heads are better than two.” Today, two heads are not always better than one and several heads might be a few too many.

More and more lawyers are finding that sole practice has loads of advantages and that using the right tools brings success and profits. Today, solo owners go beyond being simply sole practitioners. They are building firms with fifteen or more attorneys and even more staff members.

While, every law practice starts with an idea, and many start with great ideas, not all law practices succeed. The challenge is to build a law firm that does more than solve the clients’ problems. And, the challenge is more than building a profitable law practice. The ultimate challenge is to build a law practice that you love.

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