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How to Start a Successful Law Firm

May 12, 2021 By Contributor

woman law firm

Brought to you by Ahouraian Law:

A career in law can be extremely rewarding. As more people are learning about their rights and how they can safeguard themselves legally, the demand for great attorneys who specialize in various fields, such as entertainment, is on the rise.

Of course, you can earn handsomely if you are associated with a reputable law firm. On the other hand, establishing a successful law firm of your own can be just as rewarding, if not more so.

If running a law firm is your goal, but you aren’t sure how to get started, below are some tips and tricks from one of the top female entertainment lawyers in Los Angeles, Mitra Ahouraian, Esq., which will be incredibly helpful as you try your hand at this new venture.

Choose a Niche

You can’t be a ‘Jack of all trades and master of none’ when you’re out trying to practice law and build a reputable firm, especially when you’re just starting out. That’s why it’s so important to choose a niche and ensure you have a strong hold on that niche to serve your clients’ legal needs efficiently.

Picking an area of law that really speaks to your passion and interest will help your law firm flourish and expand with ease. That doesn’t mean you can’t add other services and value-adds along the way, but it is important that you master your field of specialization first.

Gain Experience

Work with reputable law firms to gain experience and up your game before setting up your own firm. By working for a large law firm, or even a mid-sized firm, you’ll have the chance to test the waters in other areas of law you may not have even considered specializing in before.

Thanks to this experience, you can confidently chose a practice area to focus on when starting your own firm.

Build Your Team

As you’re building your firm, you’ll require a team of trustworthy people who are proficient in their respective fields.

You may not be in a position to hire highly-accomplished lawyers when you’re just starting out, but you can always hire up-and-coming professionals who have a sound knowledge about their subject and the zeal to work hard and grow. Regular training sessions can be conducted to hone their skills.

Create a Strong Digital Presence

A strong digital presence is undoubtedly the need of the hour for any business. While it requires a bit of an investment, the returns are huge.

Get in touch with an agency that specializes in branding and brand positioning to create a dynamic website and social media presence. An agency will help establish your brand by polishing your website and social media content to look uniform and impressive to potential clients.

Plan Your Finances

This is one of the most important aspects when trying to establish your own practice. You’ll have several overhead and operating expenses that need to be met month after month. It’s essential to plan your finances smartly to ensure profit and avoid debt.

When you’re starting out, the key is to keep your overhead low. A mistake many lawyers make is to lease the big impressive office space right away, and that alone can keep you in the red for longer than you need to be. As the leader of your own business, you get to decide when it’s time to grow.

Be Sensitive to the Needs of Your Clients

Remember, as a lawyer, your aim should be to ensure justice and not merely juggle money. It’s important for you to maintain integrity and be sensitive to the needs of your clients.

You must listen attentively to their side of the story as you try to understand the cases you take on. Keep your clients in the loop as you begin working on their cases. and never spread yourself too thin by over-committing.

Get Started

Leverage this advice to gain clarity about how to get started with your dream business. Practice these tips and tricks and let us know how they help you fulfill your ambition. We would love to hear from you Here’s wishing you all the best for your next endeavor.

Contributor

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