Starting Your Own Law Firm? Consider 3 Things First

Video Transcription

If you’re considering “taking the leap,” and starting your own law firm, here are some things to consider. First, what will the firm name be? You can with the standard “The Law Offices of John Smith, no matter what you choose, make sure to create a domain name for your website that is easy to remember. Next, after registering your name, remember to apply for a Federal Employer ID Number (EIN) for tax purposes. Then decide whether you will have an office space or work virtually. Either way, save money for office equipment and supplies as well as salaries for staff.

Other things to budget for include:

1. Legal Resources like Westlaw or Lexis.
2. Setting up a trust account
3. Malpractice insurance
4. and marketing.

Marketing is vital to your success. You can try it on your own but if you want to increase your reach then talk with the team at Oamii (Ah-me) South Florida’s leading digital marketing agency to help build your book of business.