How To Start Up A Law Firm
Are you considering opening up a law firm? This article will give you the information you need to get your office up and running. Certain aspects will vary depending on the nature of your office, but this will give a good starting point.
Have a Name for you Firm
This is one of the most important decisions you will make because it sets the tone for your entire business. A name makes the firm easy to identify and remember. In many cases, the names of the partners make a strong title. This is a conventional approach to choosing a name, but it is still a really good idea. Other names that could appeal to a type of service or client are good ways to decide a name, as well.
The Location of the Firm
Some lawyers decide to work from home in the beginning because it will save them time and money if they do not need to establish a brick and mortar office. The location of your firm does not have a huge impact on your business but it is still something to consider. As the owner, you want to be accessible to your clients and other practice locations.
The Permits, Licenses and Identification Numbers
This is a mandatory aspect of opening a law firm. A permit is necessary in order to practice law in any state. Therefore, you should make sure you have all the required paperwork prior to opening. The firm will need a federal employer identification number and licenses at both the state and local level.
The Office Equipment
When opening a business, you will need furniture and other office equipment. Here is a short list for your reference:
– A telephone system and requisite service
– A number of computers, software, printers and scanners
– A photocopier machine
– The fax machine if you think it will come in handy
It is possible to handle the day-to-day office tasks and be an active attorney if you are a hands-on person. If not, you may want to consider hiring a staff. This will save you valuable time once you get busier and you will be able to give equal attention to your clients. You will not have to spend time filling paperwork, paying bills or taking messages, a full-time staff will be able to help you out in this regard.
A robust library is necessary for any lawyer. It is expensive but it can continuously evolve overtime and become more complex. A library has practical uses for lawyers for reference and continual learning. If you cannot add one to your office in the near future, utilizing a traditional library will be beneficial.
Obtain Any Necessary Insurance
It is crucial to be properly insured when you are practicing law. Obtaining malpractice insurance will cover you and firm from liability or anything else.
Know and Determine the Type of Marketing and Advertising you Will Use
A law firm is still a business and needs a comprehensive marketing plan in order to grow. This may be in the form of online advertisements, newsletters, brochures or inbound content.
Written by Kellie Bertels, an attorney at Bandre, Hunt and Snider in Jefferson City, MO. Bandre, Hunt and Snider are the best attorneys Jefferson City MO have to offer.