how to start a successful law firm in under 30 days

How to Start a Successful

Small Law Firm In under 30 days  

with John Corcoran, Esq.  

My Mission: Help you to earn more income by building sincere, honest relationships with people

who matter by giving first…

What’s your mission? Who are you passionate about

serving?

I’m going to walk you through how I did it…

What it took to go from miserably unhappy lawyer working for a law firm I didn’t like

To founding my own small law firm that brought in over $500,000 in

under 3 years

That I can run from my laptop anywhere

with an Internet connection

After I had never built a business before and had no clue how to

land clients

Only a few years out of law school

Not having the “experience” to be a successful

attorney…

With over $127,000 in law school debt

On today’s training I’m going to walk you through

how you can do this as well … and do it in the next 30 days

No matter what area of law you practice,

where in the world you practice, and even if

you’ve never landed a client before…

Even if you don’t know what practice area to focus on, or if you are struggling

to increase your revenues

1.  Shocking statistics from the Legal Profession 2.  My Story 3.  Examples of Other Small Firm Lawyers Making 6

Figures a Year 4.  How to Make $10,000 in your 1st Month 5.  5 Steps to Launch a Successful Small Law Firm in

30 days 6.  Explain my course to help you launch your own

small law firm 7.  Q&A at the end

Agenda  

First I want to share some

information on the state of the legal

profession

Warning: it’s a little bleak

A Johns Hopkins study found

lawyers have the highest rate of

depression of any profession

Lawyers are 2X as likely to struggle with alcohol abuse as general population

Lawyers are 3 to 6 times more likely to kill

themselves than people in other

professions

But here’s the good news…

Lawyers who work for themselves or in small firms are

MUCH happier than lawyers working in large firms

Only half of attorneys who join large law firms out of law school are likely to be practicing law in 10 years 85% of the attorneys who join small law firms are likely to still be practicing in 10 years

New software companies and startups have revolutionized the legal profession

Don’t start a new profession… START WORKING FOR YOURSELF.

It’s easier than ever to start your own law firm quickly

More good news: Approximately 70% of the

lawyers in private practice in the U.S. are in firms of 10 or fewer

lawyers

Nearly 50% of U.S. lawyers in private practice are sole

practitioners. - ABA

BUILDING STRONG RELATIONSHIPS with the right people is the #1 thing you can do to be successful in business – yes, even running a law firm business.  

I paid my dues, working for other law firms, learning how

to be a lawyer.

I was working my butt off,

60+ hour weeks

I was miserable.

I didn’t see my family. I hated it. I was

constantly complaining.

I had no control over the work I did or the clients I was working

with.

I desperately wanted to work for myself, to run my own firm.

I wanted to choose my own clients and run my

firm my way.

Then my friend Riley asked me a question…

“Are you going to be unhappy the rest of your life or are you

going to take a chance?”

So I decided to take a leap –

to start my own firm.

I opened my doors and was afraid I

would have nothing to do.

My first month, I made over 3X what I made at my previous

firm.

In under 3 years,

I made over $500,000.

I had the freedom I always wanted to run the firm how I wanted, wherever I wanted.

Small law firms and sole

practitioners are going to continue to do well in the 21st century for a

number of reasons.

Technology has made it much easier to do work

previously only large law firms could handle.

You can run a law firm from a laptop in

a coffee shop.

During the economic downturn of 2008-2009, large law firms laid off

thousands of lawyers.

The Enterprise Legal Management

Trends Report noted that more work is shifting from large law firms

to smaller law firms (2013)

This is why it’s the PERFECT

time for you to make the “LEAP” and start your own law firm.

How to Make $10,000 in your First

Month

$10,000   $250  = 40 hours/month  

10 HOURS  per week  

That’s just  

1-2 CLIENTS  per week  

That’s just  

The 5-Step Process for creating a Successful Small Law Firm

In 30 days

Step 1

Set Your Launch Date

Step 1: Set your launch date -  Work backwards from launch date to set “done by” dates

(i.e. Jan 1st start date) -  Pick last date working at old firm (add 1-2 week buffer

before starting new firm) -  Pick “14-day notice” date -  Select date to inform everyone of new contact info (i.e. 7

days prior to last date at old firm) -  Select deadlines for new office, new malpractice

insurance, new phone number, new website, new email address, office supplies, discussions with clients, discussions with referral partners

Step 2

Create Action Plan  

Step 2: Create Action Plan -  Choose new Office Space -  Select Malpractice insurance carrier -  Identify Research & billing software -  Form new entity -  Set up new bank account -  Create new LSA -  Set up new website -  Select dates to inform old clients, referral partners,

other attorneys, friends, etc.

Step 3

Choose Your Tools of the Trade

Step 3: Your Tools

-  Cell phone, email, fax line (optional) -  Set up website/blog -  Modify social media profiles: LinkedIn,

Avvo -  Create Yelp profile, Google profile -  Press release / notify publications  

Step 4

Your Clients

Step 4: Your Clients -  Before & after transition, set up lunches or

coffee with past clients, key referral partners

-  Call your best clients -  Create email list of all current and past

clients, referral partners -  (Optional): create educational live webinar

or teleseminar after launch for past clients  

Step 5

Time to Launch!

Step 5: Time to Launch! -  Your new office is set up -  You have research tools in place -  New email address & website working -  Malpractice insurance is active -  Clients and referral partners are informed -  By the time you start, everything is in place  

I want to ask you an

important question…

Are you going to be unhappy the rest of your life or are you going

to take a chance?

Who are you passionate about serving?

How would you feel?  

What would it be like

if you could serve that client over and over

again and make a 6-figure income doing it?

Once you identify your ideal clients & begin serving them (removing the headaches of practicing law), you will start earning the

income you deserve.

How to Launch and Grow Your own Thriving Small Law Firm