Think about this before starting your own law firm

What should you really consider when deciding whether or not to go solo and open your own law firm? I share the three fundamental questions you should ask yourself before making that leap.
Leave a comment below if you have questions regarding going solo.
Connect with me:
Instagram: / nic_abboud
Twitter: / nicoleabboud
Facebook: / nicolejabboud
LinkedIn: / nicoleabboud

Пікірлер: 57

  • @aalegalfocus
    @aalegalfocus3 жыл бұрын

    Thank you for your informative video. I'm a solo in North Carolina and it has worked out well.

  • @legallydiy-trademarks
    @legallydiy-trademarks3 жыл бұрын

    It’s an even better time today. Love your advice!

  • @AngelaVorpahl
    @AngelaVorpahl5 жыл бұрын

    Hi, Nicole! First time watcher and new subscriber!! I loved your video(!!) -- it's awesome to hear from someone who has gone solo, especially since it's one of those topics that is almost entirely unknown coming out of law school or even years into practicing law! Can't wait for the next video! :)

  • @nandipenxa3274
    @nandipenxa32745 жыл бұрын

    Great advice. I'm ready to do it!!

  • @RM-pl5po
    @RM-pl5po6 жыл бұрын

    If you work for a firm you also may be working late hours and on weekends. A lot of employers expect that nowadays. Not a 9-5 clock out profession no matter what (unless maybe you work for the government). Imho

  • @NicoleAbboud

    @NicoleAbboud

    6 жыл бұрын

    R M yup that’s true. I agree with you. Many firms demand long hours. But there’s no way anyone will ever work harder for someone else than they will for themselves.

  • @sharifaclark4976
    @sharifaclark49763 жыл бұрын

    I am so glad I found this video! I am so energized after watching you and ready to start :)

  • @Newel681
    @Newel6815 жыл бұрын

    Thank you for sharing your insight on the solo practice route for all of those like me who interested in law.

  • @anniesteward5159
    @anniesteward51593 жыл бұрын

    Loved this!

  • @elijahjefferson8405
    @elijahjefferson84056 жыл бұрын

    Great information! Much appreciated :)

  • @shanieboysmom
    @shanieboysmom7 жыл бұрын

    Thanks for your energy and insight Nicole! You inspired me- I'm solo now. I love that you were one of the first periscopers too! Happy V Day.

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    shanieboysmom Aw thanks for saying that. How's your solo practice going? Happy Vday :)

  • @susanbartlett5932
    @susanbartlett59325 жыл бұрын

    Very sweet....good advice also.

  • @Reeny125
    @Reeny1257 жыл бұрын

    Girl, I needed this video so badly! I've been working at the same firm for two years and feel like I'm on autopilot everyday. Although my supervisor has been an amazing mentor, I know in my heart that there is no mobility for me at her office. I've been wanting to start my own firm for some time, and I'm terrified, but your advice was so encouraging and honest and I'm finally ready to do it. Thank you so much!! :-) Cheers, Maureen

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    Reeny125 I'm so happy to hear that! If you're supervisor has been mentoring you well, then you're going to do great when you open your own practice. Good luck with everything! Get it 💪🏼

  • @journalfikirmizah4111

    @journalfikirmizah4111

    5 жыл бұрын

    Hey! How did it go? I feel like how you wrote here 2 years ago. Please do advice! Cheers in advance.

  • @CivilGuy
    @CivilGuy7 жыл бұрын

    I know your channel is going to do very well, your advice is concise and useful thanks for sharing

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    CivilGuy thanks a bunch!

  • @Liveeachmoment90
    @Liveeachmoment905 жыл бұрын

    Yes!!! So inspiring! How did you begin getting stable business?

  • @odracirysmediys4621
    @odracirysmediys46217 жыл бұрын

    I saw you on Roberto Blake. The advice on that video is pushing me as well, although I haven't really started with videos. Good luck to us both!

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    Odracirys Mediys yay so glad you caught that video and yes! Roberto's advice was awesome. Good luck with your videos. Hope to catch some of yours soon :)

  • @auroramothergoddess
    @auroramothergoddess2 жыл бұрын

    Thank you so much for this video

  • @Sibon87
    @Sibon875 жыл бұрын

    Thank you for sharing! I'm so ready to go solo!

  • @NicoleAbboud

    @NicoleAbboud

    5 жыл бұрын

    Sibon Phiri awesome. Good luck!

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    How'd it go?

  • @foxlawqld
    @foxlawqld6 жыл бұрын

    Great video Nicole. Agree that there are more and more resources and support for starting out solo! It's a tough gig, but also a very rewarding one. A quote that comes to mind is: "Some birds are not meant to be caged, that's all." ~ Stephen King

  • @NicoleAbboud

    @NicoleAbboud

    6 жыл бұрын

    FOXLAW QLD Oh love that quote. Solo is certainly not for the faint of heart but many do it and do it well!

  • @Anonymous-tj1bm
    @Anonymous-tj1bm6 жыл бұрын

    Its just Voice of my heart

  • @DoingitWithjason
    @DoingitWithjason7 жыл бұрын

    Stopped by from Roberto.... totally solid advice 😀 Very universal for many fields...I did the same thing when I started my furniture company many years ago...and don't forget the stress.lol

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    Doing it With jason That's great to hear! How's your furniture biz going now?

  • @DoingitWithjason

    @DoingitWithjason

    7 жыл бұрын

    It's totally fun. I get to build really fun pieces and do what I love! Especially now, I have very recently started a Diy how to channel and have become obsessed with shooting and editing ...The only thing I can't figure out how is how to slow down time so I can do more!😀

  • @DoingitWithjason

    @DoingitWithjason

    7 жыл бұрын

    also, looking forward to hearing your story for a different day!

  • @JustUsSystemInc
    @JustUsSystemInc4 жыл бұрын

    I saw this three years ago and I wish I would have taken heed. I am thinking about wrapping up my two year practice and really find my sweet spot in the career.

  • @NicoleAbboud

    @NicoleAbboud

    4 жыл бұрын

    Attorney Natasha Scruggs hey! That’s awesome. I can honestly say that finding your sweet spot is a constant journey. It sounds corny but it’s real lol I’m constantly looking for what’s best for me in that particular stage in my life. Good luck with your next steps!! Keep me posted :)

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    Sure, everyone has to try and see what options work best for him/her. I am happy being solo after 14 years, but I also know of plenty of attorney-friends who were too stressed out and tired of trying to make money while handling all the administrative tasks. Good luck with your future plans!

  • @oishikhushi
    @oishikhushi4 жыл бұрын

    Starts at 2:21. Really helpful video.

  • @cantcifudontopenuris7335
    @cantcifudontopenuris73356 жыл бұрын

    I hope that you're still responding to viewer questions because it's been over a year the last time someone commented on your KZread channel. What kind of work do you think someone would need to invest to get a successful law firm going (i.e., funding, workload, workday duration, typical working hours, etc.)? Also, how long does it normally take to their business off the ground (e.g., hiring employees to help ease the workload)?

  • @johnkang5946
    @johnkang59465 жыл бұрын

    Thanks for the video. I am a solo law practitioner-immigration law. I agree with you on all 3 points-Hustle, Uncomfortable, and building your own dreams. I experience all three things every freaking day!!! But I enjoy what I do and even enjoy more when my clients get their visa, green cards, and/or citizenship!

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    Glad you were successful as a solo. I'm a solo in NC. It is a great feeling when you help people who are grateful too!

  • @busyrand
    @busyrand7 жыл бұрын

    Roberto sent me... Great video. Subscribed...

  • @NicoleAbboud

    @NicoleAbboud

    7 жыл бұрын

    busyrand Roberto's awesome. Thanks for subscribing :)

  • @auroramothergoddess
    @auroramothergoddess2 жыл бұрын

    What do you do for work now ?

  • @xhantipeterson8806
    @xhantipeterson88066 жыл бұрын

    Hey Nicole. I'm from South Africa and I understand that you might not be able to answer some of my questions. However, I just want to know how the billing system works... Like from the moment you get a client to when you're done with that client how does the billing work?. Thanks

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    Unless there's a flat fee, typically the client would have to provide a big retainer deposit upfront and get billed by the hour.

  • @brandonk1287
    @brandonk12875 жыл бұрын

    Preciate.

  • @xpat73
    @xpat732 жыл бұрын

    Why do you quit being a solo after 2 years?

  • @aalmi002
    @aalmi0025 жыл бұрын

    It seems like you quitting your law practice wasn’t what you thought it would be. If I start a law firm, I need to know whether it’s a good idea or not. In other words, does it make current business sense to open one up? If I did, what legal field makes the most sense to get into?

  • @NicoleAbboud

    @NicoleAbboud

    5 жыл бұрын

    Yeah those are great questions to ask before opening your own firm. There's a lot of thought that goes into it (or should go into it!) As for me leaving the law: it's exactly what I thought it would be. Like most things in life though, unless you try them out, you never know how you feel about them.

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    It depends on where you are located, what area of practice you'd focus on, whether you have money saved up for all the overhead and your bills for at least 1-2 years, what job you currently are doing and what the pay is, etc. I'm a solo in North Carolina and found that doing family law, civil litigation, and employment law has been lucrative for me. Best wishes!

  • @lydiapatterson9579
    @lydiapatterson95796 жыл бұрын

    How much do you profit and the cost of startup with solo law firm?

  • @aalegalfocus

    @aalegalfocus

    3 жыл бұрын

    It all depends. Some years I made ok money, other years great money. At the beginning I barely made anything. A solo practice luckily doesn't cost that much to start up, maybe a couple of thousand as long as you have internet, a computer, paper/supplies, a cell phone, etc. Some people don't even have a real office. The hard part is getting paying clients.

  • @derrickforbes7864
    @derrickforbes78642 жыл бұрын

    Beautiful..

  • @mauriciodavila2357
    @mauriciodavila23575 жыл бұрын

    how does a law firm founder gets paid

  • @NicoleAbboud

    @NicoleAbboud

    5 жыл бұрын

    Mauricio Davila By getting clients and charging them :)

  • @mauriciodavila2357

    @mauriciodavila2357

    5 жыл бұрын

    once a lawyer have clients hed be able to have passive income by charging a fee to any client an associate lawyer could have

  • @rebeljustice.3876
    @rebeljustice.38764 жыл бұрын

    Normally i don't like listening to woman but you seem to be logical and reasonable. great well done.. nice video…