If you are or have been a solicitor, are you using your legal skills to your best advantage?
I am managing partner of Rainscourt Family Law Solicitors, a firm of solicitors based in Milton Keynes, working exclusively in family law. I am delighted to be able to write a blog for Women Returners, and I do so because I would like to bring to your attention the option of establishing your own firm as an alternative option to joining an existing firm elsewhere.
Many skilled solicitors are currently lost to the profession when they decide that they are unable to return. One option that these individuals may not have considered is that of establishing their own firm of solicitors, instead of returning to the traditional firm environment, or choosing to opt out of the profession altogether. My firm is a signatory to the Law Society diversity and inclusion charter, and I hope that this blog may encourage returners to consider this alternative route, and lead to greater inclusion within our profession.
Is this an option for you?
In terms of whether this is an option for you, think about the area of law you practise or practised in. Do you have skills that people will pay to access, and ask for advice from you, in your area of expertise?
Your first step will be to sketch out your business plan:
How familiar are you with the market in which you operate or operated?
What is your product? What is your brand?
Where will you base your firm?
What area of law is your expertise focused in, and how can you best offer this to your clients?
This will require in-depth planning and research on your part. Think about your existing contacts or friends who may be able to help you with your brainstorming. These contacts need not necessarily come from the legal world, but may come from a finance or business background. Think of how best to promote yourself and your skills, and what will be unique to you and your business.
There will be many decisions that you need to make, but ultimately, you may end up with a product that you take a great deal of pride in, and which will enable you to make best use of your legal skills.
I would be delighted to act as a mentor for a returner to law, or to speak to any of you who are interested in taking this path, so please do get in touch with me via Julianne or Katerina at email@example.com.
Guest blog by Katie Rainscourt, Managing Partner of Rainscourt Family Law Solicitors
For more advice on setting up in practice
http://www.lawsociety.org.uk/communities/small-firms-division/ http://www.lawsociety.org.uk/advice/law-society-consulting/ http://www.lawsociety.org.uk/advice/practice-advice-service/http://www.lawgazette.co.uk/analysis/setting-up-shop-building-a-new-family-practice/47526.fullarticle