In many ways starting your own legal practice can seem like a big step into the unknown. Setting out on your own is no doubt an exhilarating and daunting experience in equal measure for most legal practitioners.

When launching a new legal practice, or acquiring one, it is important to lay a solid foundation for the future. In the early days, equip your legal practice with a well-defined business structure and have a financial plan in place that will stand the test of time.

Running a legal practice is a constant learning experience. Practice managers must ensure that they are constantly evolving in their knowledge of legal practice. Starting your own practice means becoming familiar with a broad range of issues spanning the fields of human resources, information technology, marketing and insurance.