utlaw2007 wrote:Congratulations. You are the first one to imply I haven't a clue about my own personal professional experiences. I'm a practicing lawyer. And you want to point to some statistics that combine transactional law practices with trial law practices. Furthermore, you kids need to understand that not all practice areas of law are created equal. And then on top of that, not all industries of a given practice area are created equal. I said earlier that you need to work smart when you have your own practice. Going off of statistics that fail to distinguish different practice areas and fail to distinguish different industries among the same practice area is not working smart to put it politely.
I never said that my experiences are the norm. But, one can help change their fortune by approaching this matter smartly. It's not easy. But to just give up because the stats say one thing and those stats make no important distinctions is a loser mentality that will get you nowhere.
Congratulations, your reading comprehension sucks and your analytical skills are highly questionable. I'm not making the argument that solos can't make money in certain practice areas. I'm making the argument, based on hard data, that most solos do not make very much money and their income has gone down dramatically over the last generation.
I'm not even going to dignify that comment with much of a response other than that what good is posting stats about something if they don't distinguish between significant factors that can and can't be controlled by the aspiring lawyer?
Yes, you in all of your expertise and knowledge (you probably haven't even started law school yet) are able to critique my skills.
How many times did I say that my experience was not the norm? But if you are going to post something that says solos or small firms make no money, post something that distinguishes the practices. That study doesn't even distinguish criminal from civil from transactional. We all know that most solos or small firms make little money. I said many a trial lawyer is broke. But it is not far fetched to suggest that a trial lawyer can have a very lucrative practice. It is not the norm, but it is not like winning the lottery either. But as I said earlier, one has to have trial skills because having a lucrative transactional practice is going to be extremely hard. Having a lucrative trial practice is going to be pretty hard, but it's definitely a realistic possibility if you have trial skills and are a good business man.
But if you are going to address my contention, you should do so with a study that actually refutes it. I said that my situation was not the norm. Why is that so hard to understand? Why did that contention necessitate the need to post the study you posted? And you say my reading comprehension is bad. So naturally, I'm going to think that there was another reason why you posted what you did.