Professional Documents
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Start Your Own Law Practice:
How to Make a Six-Figure Salary as a Solo Practitioner
by Sameer Kumar, J.D.
Copyright 2009 by Sameer Kumar
All rights reserved.
No part of this book may be used or reproduced in any manner
whatsoever without the written permission of the author and
publisher.
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IMPORANT INFORMATION
I would love to hear your questions, comments and any input you
have about anything and everything else you would like to learn
about starting and growing your law practice. The best way to
reach me is by email. All contact information is listed below.
We also hold seminars & Business Boot Camps geared solely
towards professionals such as you. You can always go to
www.AmazingBusinessAmazingLife.com to find the latest events
that we are holding.
If you are a business-development superstar who wants to
dramatically reduce your learning curve I am available for one-on-
one mentorship as well.
2009-2010 Rates for One-To-One Mentoring
$2000 per hour or $10,000 for a full 8-hour day
(all mentoring sessions are held in New Jersey)
Please email for details.
You can reach me directly at
Sameer@AmazingBusinessAmazingLife.com
To reach us by phone call (888) 744-2732.
IMPORTANT: I keep this book as updated as possible but
honestly, its near impossible. The amount of new and cutting-
edge information that I obtain & implement can only be shared in a
timely manner through our video blog and through our seminars. I
encourage you to check out both. Our blog can be found at
www.ABALblog.com. This will be your best resource.
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Contents
MY BACKGROUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
DISCLAIMER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
WHAT YOU WILL LEARN . . . . . . . . . . . . . . . . . . . . . .. . . . . . .12
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
CHAPTER ONE: BEFORE YOU START
Decide to Succeed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..19
Plan on Building a (Practically) Virtual Practice . . . . . . . .19
Should I Work For A Firm First? . . . . . . . . . . . . . . . . . . . 21
What Should I Name My Practice? . . . . . . . . . . . . . . . . . . 22
To Specialize or Not? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Bank Some Cash Before You Begin . . . . . . . . . . . . . . . . . 23
Learning Your Practice Area(s) . . . . . . . . . . . . . . . . . . . . .25
Malpractice Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . ..27
Quit Your Job . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
CHAPTER TWO: LOCATION, LOCATION, LOCATION
Should I Practice From Home . . . . . . . . . . . . . . . . . . . . . 30
Where Should I Open My Office? . . . . . . . . . . . . . . . . . .30
Office Space . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31
Office Sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
CHAPTER THREE: THE PEOPLE YOU NEED
Your Receptionist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Some Good Paralegals . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Get an Accountant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Forget the Bank - Get a Banker . . . . . . . . . . . . . . . . . . . . 41
A Web Designer Techie.42
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CHAPTER FOUR: THINGS YOU NEED
A Phone Line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
E-mail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..45
Website . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46
Computer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 47
Copying Machine & High-Speed Scanner . . . . . . . . . . . ..48
Fax Line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..49
Business Cards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..49
Postage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..50
Internet Access . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..51
Data Backup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..51
CHAPTER FIVE: MONEY MATTERS
Setting Your Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...55
Negotiating Your Fees . . . . . . . . . . . . . . . . . . . . . . . . . . ..56
Get Paid Up Front . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 57
Invoicing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 59
Trust Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .60
Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 61
Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62
Put a Value on Your Time . . . . . . . . . . . . . . . . . . . . . . . . 63
Partnerships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
CHAPTER SIX: CLIENTS: EVERYTHING YOU NEED TO
KNOW
A Day in the Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Working with Clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Rejecting & Firing Clients . . . . . . . . . . . . . . . . . . . . . . . . 71
Dont Be Too Smart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
Return Calls in a Timely Manner . . . . . . . . . . . . . . . . . . . 73
How Do You Get Clients and More Clients? . . . . . . . . . .74
Never Consult for Free . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
Clients Work with You Because They Like You . . . . . . .78
Where to Get Business . . . . . . . . . . . . . . . . . . . . . . . . . ... 79
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CHAPTER SEVEN: THE HUMAN SIDE OF BUSINESS"
Some Personal Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
Maintain Your Integrity . . . . . . . . . . . . . . . . . . . . . . . . . . 85
Take the Heat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Dont Burn Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87
Be Ethical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Youre Still a Salesperson . . . . . . . . . . . . . . . . . . . . . . . . .89
Make Bold Decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
Care About Your Clients . . . . . . . . . . . . . . . . . . . . . . . . . 90
Ask For Help . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Dont Lie to Your Clients . . . . . . . . . . . . . . . . . . . . . . . . .91
Dont Let Anyone Discourage You . . . . . . . . . . . . . . . . . 91
Get Rid of Your Ego (Its Bad for Business) . . . . . . . . . .91
Treat Your Staff Well . . . . . . . . . . . . . . . . . . . . . . . . . . . .91
Follow-up..92
Give Something Back93
CONCLUSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .93
SET UP A FREE CONSULTATION . . . . . . . . . . . . . . . . . . . . . .95
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My Background
Youre probably asking yourself Who is this guy and what does
he know about running a successful law practice? so, to be fair, I
figured Id get right to point. Im a 34-year-old (as of 2008)
immigration attorney and have built my law practice in such a way
that I only need to put in between 2 to 3 hours a week running the
business and I am able to bring home a significant six-figure
salary. Thats where I am today. Heres where I was and how I
got to where I am.
The initial years following law school were really tough. I
graduated with mediocre grades and proceeded to fail the bar exam
in two states. After finally passing the NJ bar I started a solo
immigration practice on September 5, 2001, less than a week
before the events of 9/11, which as you know changed immigration
law forever. In my first year on my own, I made less than
$40,000.00 and had about $37,000 in expenses. I barely broke
even.
Needless to say, that stint in my career wasnt pretty. Things
slowly changed but didnt necessarily get any better. Two years
later, I moved into a new office and partnered up with a friend
from law school. There were 2 of us with 3 employees. And
although we were friends, we failed to establish the fact that we
were in a partnership rather than a friendship. Our revenue was
being split equally but there was a huge disparity between the
revenues my partner and I were bringing in. That wasnt working
for me and in less than 2 years we decided to dissolve the
partnership.
There I was---stuck with a solo practice in a HUGE office (with
rent to match) covering payroll for 2-3 employees as well as a
ridiculous amount of overhead (close to $10,000.00 per month).
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This was definitely what I had anticipated when I decided to start
my own practice.
To make matters worse, I found out that my secretary had been
stealing from me. So, she was gone. Since my intern was, well,
just an intern, I had no one to take care of all of the day-to-day
tasks. Two weeks later, my paralegal (and right-hand woman)
requested a 50% raise. She had gotten a better offer and only if I
matched it was she was willing to stay. That month and the month
before just happened to be two of the slowest Id had had in about
a year.
Overwhelmed, I went to my office and sat there, head in my hands,
wondering how I was going to meet expenses for the month and
keep the practice above water. Without a real game-plan, I
terminated my paralegal, called the landlord, dropped down to one
phone line, sold all of the office furniture and got out of that office.
All of the events that led up to this point in my life were blessings
in disguise.
Now that it was just me and me alone, I needed to find a way NOT
to do the grunt work. I wanted the freedom to do what I do best:
run a law firm as a businessman, not run a business as a lawyer.
Im a people person, not a paper pusher and I knew my strength
was in managing people and generating more clients. Spending
hours upon hours of each day immersed in paperwork was far from
an efficient use of my time.
I also wondered if I could escape my clients constant need to have
access to me every waking (and sometimes sleeping) hour of the
day. I wanted to find a way to run my practice while I was out of
town, having a great time with family or visiting with friends. I
succeeded at both. The unbelievable part is that my clients are
happier than theyve ever been, Im making more money than Ive
ever made and I literally work less than 10 hours each week
practicing law that includes the time I spend e-mailing and
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calling my clients. Now to be completely honest I spend a lot of
time working I love running a business, marketing and
developing new services and products for my other job as a
business and marketing advisor. But for actual legal work Im
definitely under 10 hours per week.
This book will teach you what Ive learned from my mistakes and
what methods I implemented to create a lucrative law practice; one
that requires less than 10 hours of my time per week, pays a 6-
figure salary and runs on minimal overhead. Besides that, my
practice can be run from practically anywhere in the world as long
as I have a phone and an internet connection. I understand that this
may not be possible for every attorney but if you choose an area of
law that allows this flexibility Ill show you how I did it.
If you run a practice that requires you to be in court or engaged in
other in-person commitments, you may have to make yourself
more available than I do but, even then, the methods in this book
will help you minimize your working hours and keep your office
running like a well-oiled machine: a really well oiled machine.
If any of you are wondering how long this all took Ill estimate that
it took me about 1-2 years of implementation to get my practice
running this way. But keep in mind that practically every day Im
adding, removing or tweaking something to make the practice even
more lucrative and efficient. So you must be willing to constantly
learn and improve!
Now please do not be deluded into thinking that Im going to give
you a magic pill that does everything for you so you can sit back
and watch your business miraculously grow. You need to lay the
foundation that will transform your practice into a highly efficient,
extremely profitable law firm with minimal overhead that provides
you with a great income while freeing up a tremendous amount of
time for the things you really love. The good news is that this
book will teach you how to lay that foundation in less than 12-18
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months if you are a decent worker. If youre a real go-getter, you
can do in half that amount of time.
DISCLAIMER
The information in this book is intended to give you the tools and
principals you will need in order to begin developing the mindset
of a successful entrepreneur and attorney. I have used all of the
ideas and information you will find in this book. Ive used many,
many other tools throughout the years but Ive only included the
ones that have been the most beneficial for me and my practice.
But if you only read this book then you are cheating yourself.
There is a tremendous amount of new and updated information that
keeps coming out that you need to be aware of. Whether it be
better customer care or the latest technology you need to know it.
So Im going to make it easy for you. As a purchaser of this book
you have already been enrolled in my intensive 30-day follow-up
to make sure that you have as much information as possible when
getting started. After that I will be in touch with you at least once
a week with my latest marketing strategy, use of a new technology,
tips on improved customer care and much more. If you did not
purchase this book (or sign up for your own Free Copy
depending on whether Im still selling it or just giving it away)
then you really should sign up for your own copy to receive the
multitude of fringe benefits you will receive.
I have also provided several useful links throughout this book.
However, as you know, links often become obsolete. So to make
sure you dont have a problem with that you can always visit
www.ABALrecommends.com to find all the products and service I
personally recommend.
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As of the writing of this book, all the information provided is
accurate and without copyright. Given the rate at which
technology is changing, I want you to be contentious of
advancements and new technologies that are constantly emerging
and replacing existing technology. I will do my best to keep you
updated via email but your continued success is your
responsibility. To that effect I recommend that you sign up to
receive my blog updates at www.ABALblog.com.
Also, you will have access to a multitude of products and services
to help your own practice. Simply go to www.AmazingBusiness
AmazingLife.com and browse through the products and services.
To make it easier Ill provide you links to specific products and
services throughout the book so you can pick and choose what you
feel will best serve your practice.
Unfortunately, I cannot guarantee your success. Only your own
iron-clad determination will accomplish that. The worst thing you
can do is read this book, go back to your 80-hour a week job and
continue in misery. Action is a prerequisite to success. I know
you can do it. Take action and you will succeed.
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What You Will Learn
You will learn how to start and run a solo law practice so that
within a period of 12-36 months you will be able to bring in a solid
six-figure salary and often work less than 20 hours per week (if
you so choose). Dont let the timeline fool you. Your success and
the time you will need to invest both depend only upon how badly
you want it and how hard you are willing to work to lay the
foundation for this successful lifestyle. Consider this: the time you
will invest is ! to " of the amount of time you spent in college.
Is $100,000.00 a ceiling? No, its a floor. The numbers will
continue to grow so long as you continue to follow the principals
in this book and dedicate yourself to constant learning and
improvement. Beyond that there are two main areas you must
always focus on: (1) generating more clients, making them repeat
clients and getting referrals from your clients and (2) continually
look for ways to reduce overhead (whether it is office supplies or
employees). The ways to do both are in this book in the follow-
up.
Ive tried to cover the majority of business issues that relate to
starting and running your own solo practice. Nevertheless, there
will be new issues that arise and I will continue to keep you
updated on everything I learn through several methods including
regular emails, blog updates and through my subscription
newsletter. Chances are that if I havent dedicated a chapter to a
particular topic then it is not integral towards you creating a
successful law practice. That doesnt mean its something you
should ignore, it just means that you have flexibility in how you
handle it.
For example, Im not concerned with where you buy your
stationary, how you organize your file cabinet, how you pay back
your student loans, whether you send holiday cards (although I do
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highly recommend sending birthday cards), what style invoice you
use, how you ensure that you keep your license in status (as long as
you do) or how your secretary answers the phone. The deals you
give to family and friends on legal services are of no consequence
either as long as you understand that when you work for free you
always run the risk of losing your integrity. There are many items
such as these that you will have the flexibility to decide based on
your unique personality and approach. If you are genuinely stuck
on a question that isnt mentioned in this book then write to me
and Ill find a way to answer your question in an email, on my blog
or by getting in touch with you directly. Best step is to email us at
Support@AmazingBusinessAmazingLife.com.
The steps in this book are simple but are not necessarily common
sense. In fact, many of them seem to be counterintuitive. If you
want to work 80 hours a week slaving for a corporate firm then
you should close this book right now. If you want to work for
yourself and earn more money than the big guns, this is where
you start.
Throughout this manual, I will reference 3 major areas which will
ultimately lead to your success. They are:
1. Learning how to effectively outsource.
2. Minimizing overhead at every opportunity.
3. Maximizing your client base and turning them into repeat
customers who are willing to refer new clients.
Thats the long and short of it. You notice that nowhere did I say
that you had to be a legal scholar or an outstanding researcher.
You will hear the following line throughout the book: You are a
businessperson using the law as a tool to make money. You are
not a lawyer running a business.
Make that your new mantra and ingrain it into your head. The
sooner you do that, the sooner you will see the money rolling in.
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Keep that in mind as you read through this book. Im not saying
that youre not a lawyer. Im simply saying that when you run
your own practice you must be an entrepreneur and then a lawyer.
You are going to get scads of content-rich material in the following
chapters. Before we get into that, I want you to know more about
me. Im not your typical attorney that works 60-80 hours a week
to make $100,000.00/year. Im an attorney who works between 5
and 10 hours a week making much more than that. I am teaching
attorneys to break the stereotypical mold while utilizing the global
economy and the technology that is readily available.
I believe that any solo practitioner can work less than 20 hours a
week and make a solid 6-figure salary. I also know that true
entrepreneurs will never be happy working less than 80 hours a
week. Im in that category. Ive gotten to a point where work is
no longer work. I enjoy every single day and am often working
until the wee hours of the morning and up bright an early to start
again. Thats where I want you to be. Where you enjoy your work
so much that the line between what is work and what isnt is
thoroughly blurred. To get to this point there is a foundation that
must first be in place. But if you are real go-getter, then you could
make it all happen in 6-12 months.
Whether youre a soon-to-be J.D. who has been aching to start a
solo-firm and dont know where to start or youre stuck in the
corporate rut and are looking for a way out, this book is for you.
You will learn innovative ways to take advantage of technology
and our global economy while eliminating overhead and growing
your business at an exponential rate. I know Ive mentioned this a
few times already but do not forget to sign up for my blog updates
by going to www.ABALBlog.com. This will be the best way to
make sure that you continue to receive the very best information I
have to give on running your business. Go ahead and do it now
before reading the rest of the book.
Good luck on your journey to independence and success!!
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INTRODUCTION
Consider yourself warned that, within one year of the publication
of or any updates to this book, much of the cited technology and
several of the recommendations may be outdated, if not antiquated.
But the ideas about efficiency and utilization of technology will
never become obsolete.
Conversely, the recommendations about customer service and
dealing with clients will NEVER become obsolete. In fact, that
section will only continue to grow as I give you more and more
information about obtaining, servicing, retaining and generating
additional revenue and referrals from clients.
WARNING: There will be typos and grammatical errors in this
manual. That may sound absurd given the meticulous training we
receive in Legal Writing but this book is not intended to be a legal
research and writing paper. It is to help you build a successful
business, make lots of money, work minimal hours with maximum
return and to (ironically) give you more of the one thing that is
equal between you and everyone else in the world: time.
Although I would like to think that this manual is the bible on how
to set up your law practice, it is NOT nor do I claim that it is. In
fact, there are many aspects of starting a law firm that I purposely
do not delve into because I simply want to teach you how to run a
business that makes you lots of money without requiring lots of
money. It sounds like a paradox, but it WILL work! If you want
to learn how to draft a brief or choose paper stock for your
letterhead, this book wont do the trick. But at the same time I
realize that when starting out, attorneys have an eye for detail and
want to make sure everything is perfect. To that extent, I
recommend you find good mentors and colleagues who will share
knowledge and their best practices with you. Thats where you
will truly learn the law. Here, you will learn the business of law.
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I know that you will purchase other books on starting your own
law practice. Good! I encourage you to do that. Why? Because
my aim is to make you a rich, successful and respected attorney
and businessperson and success is a culmination of great ideas. If
you can get even ONE great idea out of another book it will
increase your success exponentially. Chances are that you will get
several. The difference will come in what happens after you buy
these books. I am confident you will continue to value this book in
spite of how many others you read because of the ridiculous level
of follow-up and support you will receive from me. Youre not a
book buyer to me. Youre a lifetime client!
Remember, Im not teaching you law: Im teaching you business.
Im also teaching you how to use the law as your tool. As such,
please take only the information that helps you. Leave the things
that you consider useless and use your extra time to contemplate
anything youre read that you hadnt thought of previously.
As a bonus, I will give you a FREE 30-minute phone consultation
to go over any questions you might have only if you have an
original registered copy of this book. Simple copy and fill out the
certificate at the end of this book and fax it to me at 732-875-0071.
If after the consultation you realize that you still have numerous
questions or need a significant amount of hand-holding, you will
find that I have many options available depending on your comfort
level.
There are many other books and continuing education seminars on
this topic. Some are pretty good. However, Ive yet to find one
that teaches you to be a businessperson and use the law as the tool
with which to run the business. Most sources teach you how to be
a lawyer first and then how to be a businessperson. I dont like
that approach and I dont believe it serves you well. If you really
want to run a great practice, read some good business books and
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attend some business seminars instead of CLE classes or law
books. Youll periodically get emails with my recommendations
on great business books. Ive also found that many of the other
books and/or seminars incorporate very little, if any, technology.
It seems that the majority of attorneys shy away from technological
advances, which could actually simplify their lives tremendously.
One thing I just dont understand is lawyers who do NOT have
their own website. Its absurd and if you will let me be dramatic
for a second, career suicide. But I will get into your website later
in this book.
But how about something simple? For example, I think every
attorney (especially those in real estate & litigation) should have a
high speed scanner. It clears up their office and saves them money
on paper and ink. It also saves a ton of cash on postage because it
allows you to e-mail clients their files without ever touching an
envelopebesides, who wants to stamp envelopes all day long
anyway? A scanner isnt a complicated piece of machinery but,
for some reason, attorneys are terrified of technology. If you value
your time and your money and are ready to be an entrepreneur first
and a lawyer second, then this book was written just for you!
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Chapter One:
Before you Start
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Decide to Succeed
Before you can do anything, you need to make a firm commitment
to owning and running your own law practice. If you want it, you
better be ready to take the leap. Go into it with the knowledge that
youll work your butt off for at least the first year (or two) as you
make the necessary preparations and lay a solid foundation. You
must be willing to face the challenges of laying that foundation in
order to reap the benefits that will be continually referenced
throughout this book.
Deciding means setting the date on which you will leave your
current job and begin working for yourself, full-time. Once you
pick the date, stick with it. I recommend that you hand in your
resignation 2-4 weeks before that date if possible. Leave on good
terms and let them know youre starting your own practice. Dont
steal clients but tell them that youll treat any referrals with extra
special care..then do it.
Plan on Building a (Practically) Virtual Practice
Yes, you really can start a law practice with less than $1,000.00.
You can also keep your expenses well under $1,000.00 per month.
I wont lie to you and tell you that all of your expenses are going to
be under a grand. If you have a family of four and quit your job,
youll likely be paying a hefty sum for health insurance alone. But
to get your law firm off the ground and up and running, under
$1,000.00 is very doable. Brick and mortar are great for
Starbucks