The legal profession is becoming an increasingly competitive business in Massachusetts. The supply of qualified attorneys in several practice areas exceeds the demand. Many services have become productized and in most areas, pricing pressures continue to grow, making efficiency increasingly more imperative. A financially successful law practice requires more than merely hanging out a shingle. A business plan forces you to ask and answer the different questions about the business decisions that will determine whether you’re able to create and run a profitable, sustainable law practice.

ARE YOU READY?

Starting a Business in Massachusetts, Questionnaire (MSBDC)

Do You Have What it Takes to be a Sole Practitioner? (Practice Pro)

BUSINESS PLANNING TOOLS

Small Business Online Planner (SBA)

How to Write a Business Plan (SBA)

Boston Public Library Kirstein Business Library & Innovation Center

STARTING A BUSINESS GUIDES

Getting Started in Business (Commonwealth of Massachusetts)

Starting a Business (City of Boston)

Building a Great Business Plan for Your New Law Practice (Shoffner)

FURTHER READING FROM OUR LENDING LIBRARY

The Lawyer’s Guide to Creating a Business Plan: A Step-by-Step Software Package (Linda Pinson, American Bar Association)

Flying Solo: A Survival Guide for the Solo and Small Firm Lawyer 4th ed., ch. 3 (K. William Gibson, American Bar Association)

How to Start & Build a Law Practice 5th ed. p. 49 (Jay Foonberg, American Bar Association)