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Reply to "Starting My Own Law Practice . . . What Made You Finally Do It?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Am glad to hear it worked out for him. What kind of work was your husband doing? [/quote] Intellectual property. We're in a midsized city now and DH really enjoys the networking/client development aspects of his work; much of his new work has come from referrals from other attorneys in his building. He shares an office suite with several other attorneys to keep costs low and not be isolated--pays pretty low rent but has a receptionist, conference rooms, parking (we're in a mid-sized city now, not DC area). When he made the jump it was sudden--we basically had to find office space, get letterhead, internet/email, etc. in a week in order to maintain continuity for his clients. And our individual health insurance is actually cheaper with a lower (but still high) deductible than he had at his mid-size firm.[/quote] What kind of IP work? Is malpractice insurance affordable?[/quote] NP here. I co-founded a patent microboutique. Malpractice insurance for a patent and trademark practice is expensive relative to other practice areas, but it is affordable. Jamison will insure solos and small firms. Also, there are several good third-party docketing and paralegal services out there. Good clients will be concerned about docketing, whether they ask or not. [/quote]
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