How to Write a Business Plan for Lawyer

This is an article on how to write a business plan for a solo practice lawyer.

Instructions

1. Step 1) If you are like thousands of those graduating from law school, there may not be a job for you at a big firm. Therefore, you might have to start your own law practice. The first step in starting your own law practice is writing a BUSINESS VISION. What areas of law are you going to specialize in? You can't do it all but you can hone in on those areas of law that will get you going.

2. Step 2) After you have written your business vision, detail your EXPENSES. Here are common expenses for a solo practice office: your salary, your assistant's salary, insurance, office lease, lexisnexis or westlaw, cell phone, trust/savings/checking account, etc. You need to make sure you cover every potential expense in your monthly expense section.

3. Step 3) The third step in writing your yearly business plan for your sole practice law office is detailing your FINANCIAL PROJECTIONS. How much money are you going to make in each month of the year? What marketing are you going to do to hit those financial projections (your marketing plan needs to be a part of your overall business plan)?

4. Step 4) After you have written your yearly business plan, you need to write financial projections on an annual basis for 4 YEARS DOWN THE ROAD. This will keep you grounded. I hope this has been a helpful article on how to write a business plan for a law office. Good luck!