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Many lawyers dream of having their own law firm for many different reasons. But there many considerations that go into making that leap from working for a firm to becoming your own boss. A. Harrison Barnes says a business plan that’s rock solid is the very first task that must be completed. You’ll need it to approach the bank for a loan as well as keeping it nearby so that you don’t lose focus.

Many lawyers begin considering adding another lawyer within two years as well as additional staff that is usually hired when the office opens its doors. Secretaries and paralegals are usually hired from the beginning. This is where LawCrossing.com can help. Because we have access to thousands of jobs across the country, we also offer the most qualified candidates to fill these roles. Teaming with LawCrossing.com ensures you have the most experienced pool of personnel found anywhere.

Another recommendation A. Harrison Barnes offers is to have at least twelve months of operating expenses banked. Starting a new legal firm is challenging, but to start it without enough capital is destined for failure. Again, your business plan is invaluable as you are seeking your start up funds. As you’re building your law practice with paying clients, you’ll need to be able to fall back on your start up funds for those early months.

Building your positive cash flow throws an entirely new set of dynamics into the mix. How many new clients you gain in the first year, your billing rates, how much of those billable hours you’re able to collect, overhead and reinvestment monies are all part of those dynamics. This is where you’ll need to make a strong self assessment of your strengths. Not aggressive enough to handle the collections aspect? Consider using LawCrossing.com to find the right personnel who can gracefully collect those fees without alienating the client. Do you feel as though you need someone who brings to the table a strong personality who is capable enough of reminding you of your ego is getting in the way (it happens)? Maybe an assertive legal assistant who can, with the clearing of his or her throat, remind you that you’re using a bit more aggression than what’s needed as you prep a client. If balancing your own checkbook is a tremendous chore that you dread every month, then a bookkeeper who is both ethical and accurate is exactly what your new law firm needs. LawCrossing.com has the right personnel for a well rounded office staff that can work with you as you work to ensure your new firm soars.

While beginning a new law practice is challenging, seeing the fruits of your hard work come full circle is one of the most satisfying experiences you’ll have in your life. A solid business plan, a compatible and hard working staff and your vision and education can all come together to ensure its many years of success. LawCrossing.com stands ready to play its role as well.

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