Celebrating 10 years! 2007-2017

Going solo

I've read the stickies and they have great advice. But I wan spearmint09/26/17
... themapmaster09/26/17
Entirely crazy unless you're being fired or laid off and hav themapmaster09/26/17
Why would you do that? If you want to go bankrupt and lose y fettywap09/26/17
$100k is really good pay for a first-year attorney. Constru jeffm09/26/17
I'm sure you're an awesome attorney so do not take this the thirdtierlaw09/26/17
Why? Solo is for old salty dogs, semi-retired chumps, and de isthisit09/26/17
You're one year out and making $100k - you already hit the l loblawyer09/27/17
spearmint (Sep 26, 2017 - 5:06 pm)

I've read the stickies and they have great advice. But I wanted to ask here and get some thoughts. I work at a small boutique firm, making just over $100k, and I've been practicing for one year.

I am looking at going solo. I am in a large metro area and would largely focus on construction subcontractors. Is this entirely crazy or worth a shot? I have $1500/mo student loan payments.

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themapmaster (Sep 26, 2017 - 5:40 pm)

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themapmaster (Sep 26, 2017 - 5:41 pm)

Entirely crazy unless you're being fired or laid off and have no other options

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fettywap (Sep 26, 2017 - 5:47 pm)

Why would you do that? If you want to go bankrupt and lose your home, then go ahead.

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jeffm (Sep 26, 2017 - 6:33 pm)

$100k is really good pay for a first-year attorney. Construction subcontractors? Doing what? Construction liens and litigation?

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thirdtierlaw (Sep 26, 2017 - 8:41 pm)

I'm sure you're an awesome attorney so do not take this the wrong way, you do not know anything 1 year out.

Getting paid 100k a year to actually learn what you're doing is not a bad position to be in.

Where would your clients come from. Granted I'm not in an metro area, but there are like 2 firms in my area that scoop up all the construction law work. Though I've heard the field is boring, it can get somewhat complicated. What do you offer with your 1 year of experience that other firms don't? Do you have a steady stream of subcontractors lined up to give you work?

If you do not have a good answer to both of those questions, you shouldn't go solo until you do.

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isthisit (Sep 26, 2017 - 10:00 pm)

Why? Solo is for old salty dogs, semi-retired chumps, and desperate men.

You're cozy where you are so stick to it. Give it another 2 years or so before looking to lateral.

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loblawyer (Sep 27, 2017 - 10:06 am)

You're one year out and making $100k - you already hit the lottery. Unless you have a natural talent for client generation, don't push your luck.

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