As you are getting ready to start your own personal injury firm, you will need to decide whether you want to be the only attorney in the office or if you want to accept partners. In order to come to a conclusion, you will have to examine your preferences and decide if you even want to split your office with a partner.
If you are by yourself, you will have a less demanding schedule. You won’t have to attend company conferences. You won’t have to divvy up the office equipment or staff. It will all belong to you. But, if you have a dilemma, you will not have a partner off of whom you can bounce your ideas.
The advantages of partnership are both social and financial. Partnership in law practice is like marriage. There are two or more people to bring in resources and generate fees and to share expenses. This will give you peace in mind especially when one of you had a bad month as there is someone to catch for the office expenses.
Solos can get feedback from other lawyers in making tough decisions but the advice of someone who has a direct stake in the decision is often more sound than that of someone who has no interest in the situation. Without someone to challenge, or at least question, a lawyer is more likely to make decisions on the “spur of the moment.” Partnership also allows you to take vacations as there is someone who can handle emergencies when you are out.
If you go solo, it is your legal secretary or legal assistant who will take care of most things that might come up during your absence but what about the need for unexpected court appearance? Your secretary might arrange another lawyer to cover it but then it can be a hard situation. If you have a partner, there will be someone that can organize to cover a deposition or other proceeding while you were away on your vacation. And of course, you in return will do the same in case your partner is away.
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