Starting a Law Firm: Checklists and Doing the Due Diligence

As I posted in the past, I have a lot of work to do before I (hopefully) get my Minnesota license to practice law.  I have a long, four month wait before my character and fitness investigation is completed.  I’ve finished most of what I can do and I am now in the waiting phase.  Thankfully, I have a lot to do before I get licensed and, to that end, I am doing my best to come up with a list of things to do before I hang-out-a-shingle and start a law firm.

Much of my work is focused on two things:  (1) gaining knowledge to ensure competency and (2) coming up with a marketing plan.

Starting a Law Firm Checklist

  1. Purchase and read practice related books and code on family law and estate planning in Minnesota.
  2. Purchase and read Minnesota Rules of Civil Procedure.
  3. Conduct market research on family law and estate planning law firms in my community.
  4. Finish one website:  flanderslawfirm.com.
  5. Start and work on additional practice related website (more on this later).
  6. Research costs of office space.  This includes lease agreements for full-time office space arrangement as well as locating a potential virtual office site to meet with clients.
  7. Decide whether working out of home for first couple years is feasible and, if so, how to do it.
  8. Research approved bank accounts for business and IOLTA accounts
  9. Research and understand completely IOLTA trust account laws.  Ensure compliance with them.
  10. Come up with blogging/marketing schedule
  11. Talk to local attorney in practice area about possible mentoring relationship
  12. Go to courthouses, meet staff, introduce myself and ask lots of questions about filing, judges, the right and wrong way to do things, etc.
  13. Contact father-in-law (an computers specialist person) about antivirus, and firm computing protection devices
  14. Research online billing software and costs.  Or, do I want to simply use QuickBooks or other software?
  15. Research online receptionist and answering service.
  16. Contact phone company about separate fax and phone lines for (probable) home office.
  17. Make list of all potential referral resources and how to network with them.
  18. Research and find solo attorney resources in Minnesota and beyond.
  19. Re-read ethics rules.

The list could go on, but I hope that provides some help to any of you in the process. It might not be the best list, but it is something I can work on and grown from.  My goal is to fill in some of the information with options I have been looking at.  I’ll try and share them in a future post.

When working as an associate at my prior law firm, I realized early that planning, organization, and goals are everything.  Without a plan and execution, you are just fumbling in space (ok, maybe it is just me).  Making lists and setting goals helps me have plan of action that I can follow.

Now that you’ve seen mine, I’d love to see yours.  Does anybody have any resources or plans they have made that they wouldn’t mind sharing?  I showed you mine, you show me yours.