Starting your own firm after graduating

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Philosopher King
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Starting your own firm after graduating

Postby Philosopher King » Mon Jan 09, 2012 11:01 pm

Has anyone here ever considered starting their own firm after graduating law school? This is an option I would be interested to pursue. I would want to have a partner or two and not go solo. What do you think?

horrorbusiness
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Re: Starting your own firm after graduating

Postby horrorbusiness » Tue Jan 10, 2012 12:14 am

i'm with you bro, what are we calling ourselves?

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monkey85
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Re: Starting your own firm after graduating

Postby monkey85 » Tue Jan 10, 2012 12:24 am

I had a friend who wanted to do that - he now teaches LSAT courses. Best of luck though.

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Philosopher King
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Re: Starting your own firm after graduating

Postby Philosopher King » Tue Jan 10, 2012 12:41 am

horrorbusiness wrote:i'm with you bro, what are we calling ourselves?


lol are you planning on starting law school this fall like me?

monkey85 wrote:I had a friend who wanted to do that - he now teaches LSAT courses. Best of luck though.


But was your friend a philosopher king?

horrorbusiness
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Re: Starting your own firm after graduating

Postby horrorbusiness » Tue Jan 10, 2012 12:43 am

Philosopher King wrote:
horrorbusiness wrote:i'm with you bro, what are we calling ourselves?


lol are you planning on starting law school this fall like me?

yup

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kalvano
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Re: Starting your own firm after graduating

Postby kalvano » Tue Jan 10, 2012 1:28 am

I have always dreamed of starting a firm and naming it Winken, Blinken, & Nod, P.C.

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Flappy Scribbleneck
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Re: Starting your own firm after graduating

Postby Flappy Scribbleneck » Tue Jan 10, 2012 8:15 am

kalvano wrote:I have always dreamed of starting a firm and naming it Winken, Blinken, & Nod, P.C.

I think you could legitimately create some buzz for a fledgling firm by calling it Dewey, Cheatham, and Howe.

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Errzii
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Re: Starting your own firm after graduating

Postby Errzii » Tue Jan 10, 2012 9:04 am

For your first case are you going to sue LSAC?

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monkey85
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Re: Starting your own firm after graduating

Postby monkey85 » Tue Jan 10, 2012 9:12 am

Flappy Scribbleneck wrote:I think you could legitimately create some buzz for a fledgling firm by calling it Dewey, Cheatham, and Howe.


This is great.

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philly_law
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Re: Starting your own firm after graduating

Postby philly_law » Tue Jan 10, 2012 9:17 am

OP, it is very difficult to do because you do not learn anything substantively useful in law school. Law school courses are all about theoretical BS. For example, in Contracts, you will very likely never actually see a contract.

ran12
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Re: Starting your own firm after graduating

Postby ran12 » Tue Jan 10, 2012 1:44 pm

philly_law wrote:OP, it is very difficult to do because you do not learn anything substantively useful in law school. Law school courses are all about theoretical BS. For example, in Contracts, you will very likely never actually see a contract.


Yea law school is nothing more than a 3 year certification that's not even really necessary to practice law in reality. The first year is probably the most helpful but I already learned all the first year stuff from UG courses and internships prior to law school. Basically no one starts their own firm right out b/c you have no idea what law is really like and you have no resources or client base in most instances. Even if you do get a couple of partners, they're useless unless they're seasoned and it's not likely that those types of lawyers would want to start a firm with a green lawyer.

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YourCaptain
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Re: Starting your own firm after graduating

Postby YourCaptain » Tue Jan 10, 2012 2:01 pm

Philosopher King wrote:Has anyone here ever considered starting their own firm after graduating law school? This is an option I would be interested to pursue. I would want to have a partner or two and not go solo. What do you think?


i am not a philosopher king so i would obviously not have come up with such an incredible idea i bow to you sir

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johnnyutah
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Re: Starting your own firm after graduating

Postby johnnyutah » Tue Jan 10, 2012 2:31 pm

Flappy Scribbleneck wrote:
kalvano wrote:I have always dreamed of starting a firm and naming it Winken, Blinken, & Nod, P.C.

I think you could legitimately create some buzz for a fledgling firm by calling it Dewey, Cheatham, and Howe.

Would violate ethics rules in many, if not most jurisdictions.

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johnnyutah
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Re: Starting your own firm after graduating

Postby johnnyutah » Tue Jan 10, 2012 2:33 pm

Philosopher King wrote:Has anyone here ever considered starting their own firm after graduating law school? This is an option I would be interested to pursue. I would want to have a partner or two and not go solo. What do you think?

I have considered it and will likely attempt to start my own practice sometime within the next ten years. While the poster who commented that new lawyers' knowledge and skill set is limited has a point, the bigger problem is that, as a new lawyer, you have no reputation and no way to attract clients. This is the key problem in starting a new practice, and it's why most people who do start a new practice wait until they have a client base at another firm which they then bring with them.




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