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Starting Your Practice on a Limited Budget: Hitting the Numbers

Thursday, January 21, 2010 12:00 PM to 2:00 PM
Boston Bar Association - 16 Beacon Street, Boston, MA


Description:

Sponsored by: New Lawyers Section and Solo & Small Firm Section

Starting Your Practice on a Limited Budget: Hitting the Numbers

For attorneys starting their own firms, the financing question is always the 800-pound gorilla in the room.  Start-up practices do not fund themselves, and lawyers cannot realistically expect to immediately access a large client base, or to find that angel investor that will supply all the money needed to make dreams come true.  Most firms find their fiscal base in borrowed funds; but, with the often burdensome debt of law school and college loans, start-up solos and small firms are reluctant to borrow even more large sums of money to start their business.  Is there a way to start a practice on a shoestring budget?  And, what of the width of that shoestring?  Program faculty, including law practice management consultants and practicing attorneys, will analyze three potential start-up budgets: $1,000, $5,000 and $10,000, and will determine the essential purchases, within each of those budget sets, that will turn your going concern, into a growing concern, no matter what your start-up capital is.

Panelists:
Jared D. Correia, Massachusetts Law Office Management Assistance Program
Rodney S. Dowell, Massachusetts Law Practice Management Assistance Program
Alan J. Klevan, Klevan & Klevan, LLP
Gabriel Cheong, Infinity Law Group, LLC

New Lawyers Section co-chairs: Tanya K. Oldenhoff and Christopher D. Strang
Solo & Small Firm Section co-chairs: Lori  Yarvis and Ellen S. Kief

Sponsoring Section/Committee(s):

Speakers:

 

Contact:

Christine Cheung
ccheung@bostonbar.org

 

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