ANOTHER Law Firm is Created!?!

Aren’t there ENOUGH law firms out there already? The quick answer is “yes” there probably are. We must be crazy to start a new firm in a recession and with little practical experience to boot. The sad truth is that opening our own doors was the best option we had. Both my partner and I did document review for several months after passing the bar. Monkeys could do document review. I did not want to spend the next few years of my life as a gear in a large law firm machine until someone else decided that I was worthy of hiring.

At the time we started, less than half of our graduating class had secured permanent jobs with another firm or government agency. Honestly, it’s a terrible time to be a new lawyer. Large firms were laying off experienced lawyers . Those lawyers were filling positions that new graduates would normally be offered. There was just nothing left for us…except doc review.

We talked to every lawyer and professor we knew about starting a new practice. Most of them poo-pooed the idea.

“You don’t know how to practice yet”…“You’re going to get yourselves into BIG trouble”…“you don’t have any experience”…“it’s a bad idea”...“it’s unheard of”…“you better have a lot of insurance”…“stupid, foolish, crazy”…

Three people out of several dozen actually encouraged this idea-and that was good enough for us.
We know that we have a long way to go and a lot to learn but we are prepared to embrace it with open arms.

Sometimes you have a take a huge chance in order to reap a huge reward.