Starting your own practice - bring a new mindset

More Than Knowing the Law

A workforce disruption has taken place across the legal sector in the wake of the COVID pandemic. Many lawyers are leaving employment in established firms to start their own practices, some with only a few years experience behind them.

Having a law degree may not be enough to guarantee success if you start your own practice. Being a business owner comes with an additional set of risks, challenges and responsibilities beyond the experience of an employee in a firm. Many who start their own legal practice aren’t prepared for what is required in the shift to working the business as well as working the business.onin

In this episode, Heather Hibberd is joined by Liz Harris, a lawyer and consultant who provides advice to the legal sector, to talk about how new law practice owners can shift their mindset to becoming a new business owner as well as a lawyer providing a service. Liz is the principal consultant at Ovid consulting, where she provides advice about best practice in legal department management, to help law firms deliver better services.

In this podcast you’ll discover what you need to think about when you start your own practice, the mindset required to do it well, how to divide your time efficiently and what you can do to minimise your risk.

The conversation covers:

· Knowing when to delegate and hire help

· Setting boundaries and goals for your business

· Investing in, and upskilling your staff

· The need for resilience and support networks

See omnystudio.com/listener for privacy information.