If you are thinking of starting your own law firm, there are many things that you need to do. It is recommended that you create a checklist that can help you keep track of everything. The checklist that you use will need to be based on your personal needs, but there are certain points that you need to include.
A Name For The Firm
The name of your new law firm is important because it needs to be easy to remember and identify. Traditionally, law firms have been named after the founders, but there are many lawyers who are moving away from this. These lawyers feel that continuing with this tradition will not help their law firm stand out from the crowd. Once you have the name of your firm, you need to buy the domain name as well so that you are ready to set up your website.
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Choose A Location
The importance of a location for your law firm has diminished over the years with many lawyers running their law firm from home. This is a good idea when you are starting out and have financial restrictions. However, it is important to note that running your law firm from your home is not a viable long-term option so finding a location when you start might be the best solution. Sharing an office when you are starting out is also a great way to lower the financial costs.
Permits, Licenses And Identification Numbers
Regardless of where you are going to be opening your law firm, you are going to need a federal Employer ID number or EIN. You will also need to look at the local and state licensing requirements for opening a law firm in your chosen location. If you are thinking of opening a law firm in a different state, it is important to note that you will have to take the state bar exam again for that state before you can take on clients.
Get Office Equipment
Office equipment is something that most people leave to last and this is not a good idea. Most new law firms have limited funding to spend on setting up their office. With this being the case, you should start looking for office equipment as soon as you can because you might be able to find some bargains. The equipment that you need to focus on includes the telephone system, computers, software, printers, scanners and a photocopy machine.
Access To A Law Library
All law firms need to have access to a law library if they want to run correctly. The problem with having your own law library is that it can become expensive as practice guides and case laws are constantly being updated. The best way to overcome this problem is to choose a location for your law firm that is close to a law library. You will probably have to pay to gain access to the library, but this will be a much smaller cost than buying all of the books yourself.