Quill releases legal start-up guide as law firm launches grow in 202113/01/21
With two new law firms launching every working day and the number set to rise in 2021, leading legal software provider Quill has published a new eBook to help entrepreneurs establish a successful business.
The 15-Step Guide to Starting Your Own Law Firm covers everything that start-ups need to consider to get up and running—from business plans and compliance to banking and insurance to managing cash flow and accounts.
The new guide is published as Britain’s number of law firms rises. With the Covid-19 pandemic prompting many solicitors to reconsider their careers, and remote working making it possible to set up businesses without expensive offices and other overheads, it has never been easier and cheaper to set up a new business.
Data from the Solicitors Regulation Authority suggests that two new law firms are now launching every day, and that one in six is run on a sole practitioner basis.
Quill Managing Director Julian Bryan says: “Starting your own law firm is a very appealing and rewarding way to make a living, but it comes with major challenges and concerns—especially in the current climate.”
“Our eBook brings together some great tips and lessons from experts who have taken law firms from start-up phase to established business. It’s the practical guidance people need to get their business off the ground and turn dreams into reality.”
Quill’s guide shows where to turn for professional advice, services and technology, and explains how software, outsourcing and virtual working models can all support a business in its crucial early days. It also helps people new to running their own business get to grips with their new responsibilities beyond client-facing, fee-earning work.
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