Lawyer Monthly - Women In Law Special Edition

YOUR OWN LAW FIRM PLAN, PLAN AND PLAN SOME MORE Being organised is your best bet. Write out a business plan and (try to) stick to it. Know the competitive advantages of your firm like the back of your hand. Lay out your mission statement, market analysis and your financial goals. DON’T BE AFRAID TO START SMALL The beautiful thing about starting your own law firm is that you need not spend masses of money on specialised equipment, or even large office space. All you need is a phone, computer, a smart suit, a place to meet clients and of course, your legal expertise. Once you have established a strong client base and developed, then, of course, think about expanding. FOCUS YOUR EXPERTISE It may be more beneficial to hone in on a particular area of law. Pick a niche; juggling divorce cases alongside M&A due diligence may prove difficult. WOMEN IN LAW EDITION LAWYER MONTHLY 95