Law Practice Essentials

Some departing lawyers make the mistake of taking as many files as they can. This error usually occurs because of fear that the new practice will not generate enough cash flow in its early days. The lawyer believes that any work is better than no work. 

Work that is at odds with the business plan of the new practice can be worse than no work at all. It can take the new practice in unintended directions and divert attention from the numerous organizational tasks that you must attend to as your new practice develops. One of the greatest threats to a new practice is too much legal work, or legal work of the wrong kind, because production overwhelms management and the infrastructure of the new practice never gets properly established.