Have you considered starting your own legal practice? With a rapidly evolving legal sector, many lawyers are finding themselves wanting more than their law firm can offer. Clients are becoming savvier, yet legal practices are slow at changing to suit the demands of modern-day clients.

At Bamboo Platform, they help lawyers from all walks of life to build their own law firms. From new market entrants to retiring lawyers who want a small operation to focus on, Bamboo has been created by a team with over 100 years’ experience in the legal and professional services sectors.

Here’s 3 of the most popular reasons why their partners decide to start their own legal practices:

1. You have become frustrated with the traditional structures of law firms and slow processes

Business transformation is vital in ensuring law firms keep up-to-date with the demands of modern-day clients. Yet whilst many in the industry say they are open to change, in reality, this can be a slow and painful journey, often resulting in sticking to ‘what we know best’.

The fact is modern-day clients can find the traditional approach to law tiresome. Now, they actively seek out fresh, tailored approaches whereby law firms understand their business, its goals, and their growth plans. Rather than just a client-service relationship, they want a relationship with their law firm that represents a partnership, often going beyond the realms of law services and venturing into entrepreneurial idea sharing and backing.

Practicing law this way can be difficult when you’re confined by the processes of your law firm, it’s brand, and its structure, but when possible, it’s a fantastic way to work with people, allowing you to be creative, adventurous, and inspiring.

2. You see entrepreneurial traits in yourself

Do you lead from the front? Perhaps you have ideas that you feel when put into practice could help grow your law firm, improve the relationships you have with clients, inspire its staff to be better lawyers, and improve job satisfaction.

Starting your own law firm is a great way to offer the service that you feel encapsulates your way of working. It’s a chance to run the show yourself, to work with the clients you want to invest in, and to modernise an outdated industry.

It’s also a fantastic way to climb the legal ladder without the wait. Making ground in legal firms can be intensely competitive, but when combined with blockers that do not allow you to put your fresh ideas and approaches into practice, it may feel like an uphill battle. Instead, backing yourself with your own firm is a great way to prove the doubters wrong and show them how it’s done, combined the many perks of being your own boss.

3. You’re willing to invest in tools to help you succeed, so that you can concentrate on what you do best whilst building your business and brand

Starting any new business is of course a challenge. If you’re considering starting your own legal practice, you may have great visions for the brand, your workforce, how you’d find new clients, and what you feel your company ethics and processes should look like to keep up with today’s modern demands.

It’s likely that you won’t have the time to manage the ins and outs of a regulated business on top of delivering your legal services, or even have the finances or skills to ensure your business operations are futureproof and compliant.

That’s where Bamboo Platform come in. Bamboo provide lawyers with everything they need to set up a new law firm. Their regulated law firm back office outsourcing solutions ensure that new firms have the skills and applications needed to delivery legal services efficiently from day one. Not only do they offer comprehensive onboarding and bespoke business planning, but they provide the tools, knowledge, expertise, and people to make your law firm a success.

More information

Bamboo Platform is a law firming operating system provided by one of the leading alternative business structures (ABS) for law firms in the UK. Their white label platform enables lawyers and non-lawyers to set up a law firm using an SRA-regulated structure on their own terms under their own brand. To learn more, visit their website: https://www.bamboo-platform.com/.

Source: https://thenewsfront.com/3-reasons-to-start-your-own-legal-practice-from-the-experts-at-bamboo-platform/