City Bar Report Lays Out “Best Practices for Solos and Small Firms in the Current Economy”

In response to the increase in the number of attorneys forced by the economy to start their own businesses, The City Bar’s Small Law Firm Committee has produced a report covering the essentials of running a small firm or solo practice.  The report’s content, guided in part by a survey of over 300 City Bar members and other attorneys at CLEs, small law firm luncheons and lectures, and through an online distribution list, is divided into six topics: the attorney client relationship and retainer agreements; conflicts of interest; billing practices; exit strategies and law firm partnership agreements; technology and social media; and professional liability insurance.  A separate “best practices” section aggregates all the points throughout the report that are applicable in a broader context of general law practice management.