Washington Lawyer - April 2019 - 27

✔
Checklist for Starting a Law Practice
BUSINESS PLAN
Executive Summary

ENTITY TYPE & REASONING
Sole proprietorship

TECHNOLOGY
Secure Software

Mission statement

General partnership

Word processing

Description of law firm

Limited liability partnership

Time and billing

Goals and strategy

Professional service corporation/
professional association

Conflicts checking

Practice areas
Pro bono activity
Financing requirements
Firm Description
Name and ownership
Decision making and operation
Marketing Strategy

Professional limited liability company

OFFICE SPACE
CONSIDERATIONS
Geographic location
Competition/cooperation
Size
Home office

Target market

Office services suite

Budget

Space sharing

Local economy

Lease/ownership

Marketing plan
Current and potential clients
Competition
Firm Economics
Startup costs
Billing projections
Expenses
Overhead review
Financial Plan
Budget
Financing sources
Break-even analysis
Financial projections

Case management
Accounting system
Secure Hardware
Telephone
Computer
Printer
Scanner
Copier
Fax machine/e-fax
Secure Internet
Internet service provider

ACCOUNTING
Meet with CPA or bookkeeper
Set up chart of accounts
Establish accounting procedures
Internal/external dynamic
Purchase software
Payroll services

BANKING & TRUST
ACCOUNTS

High-speed internet, cable vs. DSL
Legal Research
Fastcase, Westlaw, LexisNexis,
Casemaker
Free/low-cost services

OFFICE EQUIPMENT,
SERVICES & SUPPLIES
Postage provider and meter
Furniture

Operating account

Telephone system

IOLTA (D.C. mandatory)

Business cards and announcements

Non-IOLTA trust account

Office supplies

clip & save

INSURANCE
Professional liability
Workers' compensation
Health insurance
Property, casualty, and cyber insurance

D.C. Bar member benefits for the
small firm


http://dcbar.org

Washington Lawyer - April 2019

Table of Contents for the Digital Edition of Washington Lawyer - April 2019

Digital Extras
Your Voice
From Our President
Practice Management
Calendar of Events
DC Bar Practice Management Advisory Service feature
Niching Down to Build Up feature
Going Small feature
Global & Domestic Outlook
Worth Reading
Media Bytes
Attorney Briefs
Ask the Ethics Experts
Disciplinary Summaries
The Pro Bono Effect
Community & Connections
Last Word
Washington Lawyer - April 2019 - Cover1
Washington Lawyer - April 2019 - Cover2
Washington Lawyer - April 2019 - 1
Washington Lawyer - April 2019 - 2
Washington Lawyer - April 2019 - 3
Washington Lawyer - April 2019 - Digital Extras
Washington Lawyer - April 2019 - Your Voice
Washington Lawyer - April 2019 - From Our President
Washington Lawyer - April 2019 - 7
Washington Lawyer - April 2019 - Practice Management
Washington Lawyer - April 2019 - 9
Washington Lawyer - April 2019 - Calendar of Events
Washington Lawyer - April 2019 - 11
Washington Lawyer - April 2019 - 12
Washington Lawyer - April 2019 - 13
Washington Lawyer - April 2019 - DC Bar Practice Management Advisory Service feature
Washington Lawyer - April 2019 - 15
Washington Lawyer - April 2019 - 16
Washington Lawyer - April 2019 - 17
Washington Lawyer - April 2019 - Niching Down to Build Up feature
Washington Lawyer - April 2019 - 19
Washington Lawyer - April 2019 - 20
Washington Lawyer - April 2019 - 21
Washington Lawyer - April 2019 - 22
Washington Lawyer - April 2019 - 23
Washington Lawyer - April 2019 - Going Small feature
Washington Lawyer - April 2019 - 25
Washington Lawyer - April 2019 - 26
Washington Lawyer - April 2019 - 27
Washington Lawyer - April 2019 - 28
Washington Lawyer - April 2019 - 29
Washington Lawyer - April 2019 - 30
Washington Lawyer - April 2019 - 31
Washington Lawyer - April 2019 - 32
Washington Lawyer - April 2019 - 33
Washington Lawyer - April 2019 - 34
Washington Lawyer - April 2019 - 35
Washington Lawyer - April 2019 - 36
Washington Lawyer - April 2019 - 37
Washington Lawyer - April 2019 - Global & Domestic Outlook
Washington Lawyer - April 2019 - 39
Washington Lawyer - April 2019 - Worth Reading
Washington Lawyer - April 2019 - Media Bytes
Washington Lawyer - April 2019 - Attorney Briefs
Washington Lawyer - April 2019 - Ask the Ethics Experts
Washington Lawyer - April 2019 - Disciplinary Summaries
Washington Lawyer - April 2019 - 45
Washington Lawyer - April 2019 - The Pro Bono Effect
Washington Lawyer - April 2019 - 47
Washington Lawyer - April 2019 - 48
Washington Lawyer - April 2019 - 49
Washington Lawyer - April 2019 - Community & Connections
Washington Lawyer - April 2019 - 51
Washington Lawyer - April 2019 - Last Word
Washington Lawyer - April 2019 - Cover3
Washington Lawyer - April 2019 - Cover4
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