Starting an independent legal practice is one of the most important decision that a lawyer has to make. A Lawyer planning to practice independently must consider his/her resources and finances before beginning the practice. Independent or solo practice requires personal investment. Experience is a very important factor in the success rate of a lawyer. If a lawyer is confident enough and has ample experience s/he can start a solo practice.
The primary advantage of solo practice is that the practitioner holds complete decision making power. S/he does not have to consult with anyone else to take a decision on any matter. Solo practitioners also don’t need to spend time on firm politics and management issues.
A solo practitioner can work from a small office, home office or use an executive suit arrangement. These options do not require large office space or a significant office staff.
The solo practitioner is his/her own boss. S/he does not have to account for his/her activities to anyone else and may take vacation as desired.
