These are some great
Legal small business
ideas. The legal industry provides enormous
opportunities for starting a small business. There are
many areas from which you can chose to start a legal
business. If you already have a law degree why not put
it to work for you. Get started with these ideas.
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1
Bankruptcy
Practice
In this
type of business you will represent creditors and debtors in
financial restructurings, workouts, bankruptcy cases and
other matters involving financially distressed transactions.
To start this business you need a law degree and State BAR
certification.
2
Corporate Law
Practice
In this
line of business you will deal with the formation and
maintenance of businesses; handle contracts, liability,
mergers, structured financings and other business matters.
Your potential client is every business in existence.
To setup a business in this field will require a law degree
and State BAR certification. A background in real
estate would be a plus. You don't need a big office to
get started.
3
Criminal Defense
Attorney
Criminal Attorneys perform services such as initial case
investigation/assessment, pleadings, discovery, pretrial,
trial, and appeal. With your law degree and State BAR
certification you can start setting up your legal practice.
Your income is determined by what your clients can pay.
Chose your clients carefully. You can start this kind
of business with yourself and a paralegal. You don't
need a lot of office space. As soon as you can fill
the office with furniture, filing cabinets, phones, fax
machines, copiers and computers, you're in business.
4
Employment Law
Practice
This
type of business involves cases such as employment
discrimination, wage and hour disputes, misappropriation of
trade secrets and enforcement of non-competition agreements.
You can include other services to the practice in order to
generate greater income. These include:
workplace harassment; disability accommodation; Family &
Medical Leave Act compliance; waivers and releases;
reductions in force; employee handbooks; disciplinary action
and termination; workplace investigations; wage and hour
issues; employment agreements; human resource policies and
practices; drug and alcohol testing; severance agreements;
employment at-will/wrongful discharge; unemployment
compensation claims; restrictive covenants and
confidentiality agreements. With your law degree and
State BAR certification you can start setting up your legal
practice. You will need an office, furniture and equipment.
You will also need paralegal assistance to get started.
5
Environmental
Law Practice
This is
a vast area with the potential to create a thriving
business. Environmental law practice cover issues
surrounding the environment including water and air quality,
hazardous waste, species protection, agriculture, wetlands,
biodiversity, waste management. Help building owners
build and operate energy efficient buildings. Assist
clients in gaining "Green Certification" for their products.
Help clients obtain energy efficiency incentives from local
governments. Advise clients on renewable energy
policies. With your law degree and State BAR
certification you can start setting up your legal practice.
6
Family Law
Practice
Family
Law involves the practice of divorce, custody, child
support, paternity, adoption, spousal support, protection
from abuse, termination of parental rights, division of
assets and liabilities, dependency and child neglect, etc.
With your law degree and State BAR certification you can
start setting up your legal practice. You will need an
office, furniture and equipment. You will also need
paralegal assistance to get started.
7
Foreclosure Law
Practice
In this
type of business you assist lending institutions, bankers,
and property owners in the foreclosure process and help
protect property owners from losing their property.
Represent clients in bankruptcy court; Conduct forfeiture
proceedings; Conduct judicial and non-judicial
foreclosure sales; Assist lenders recoup their capital
investment; Collect on collateral and deficiency balances;
Drat deeds in lieu of foreclosure; loan modification
agreements; loan forbearance agreements; and loan sale
agreements; repossessions; foreclosures, evictions, Advise
homeowners on non-bankruptcy options; Pursue claims
for predatory lending practices; Negotiate forbearance
agreements, short sales, refinancing agreements or mortgage
modifications; Advise clients regarding the debt relief
available under the Bankruptcy Code; Mitigate fees and
improper prepayment penalties; Advise clients of their
rights under federal and state unfair debt collection
practice laws; etc. This is a lucrative business area.
tens of thousands of homes are foreclosed upon every day.
You will require to have a law degree and pass the state BAR
in order to practice in the respective state.
8
Intellectual
Property Practice
This
involves helping clients with copyrights, trademarks,
patents, licensing, technology transfer, trade secret
protection, etc. This practice could span the globe and
require to go before federal and state courts, the U.S.
Patent and Trade Mark Office and the International Trade
Commission. A law degree is required to setup this
kind of business. You don't need a lot of office
space. As soon as you can fill the office with
furniture, filing cabinets, phones, fax machines, copiers
and computers, you're in business.
9
Litigation
Practice
Represent plaintiffs and defendants in civil cases.
Litigation Attorneys/Trial Lawyers perform services such as
initial case investigation/assessment, pleadings, discovery,
pretrial, trial, settlement and appeal. With your law
degree and State BAR certification you can start setting up
your legal practice.
10
Mediator
In this
practice you will facilitate negotiation and settlement
between disputing parties. Additionally you will
prepare court reports and case histories, and other
documents, enact legislative enactments and court rulings.
More and more cases are being pushed towards mediation in
order to reduce the caseload on the courts. This is a
good business that does not require much upfront investment
to get started. No law degree or formal certification
is required. You can obtain some formal training and
start your practice. With a location, furniture,
equipment and you can begin your practice.
11
Product
Liability Practice
In this
practice you will defend manufacturers and sellers of
alleged defective products or you can represent plaintiffs
who are suing to collect damages. The opportunity for
huge profits exists in this field. To start this
business you need a law degree and State BAR certification.
12
Real Estate Law
Practice
Real
Estate Law practice deals with the purchase, sale, financing
and development of land and buildings. Your clients will be
developers, tenants, investors, banks or corporations on
matters relating to residential or commercial real estate.
To setup a business in this field will require a law degree
and State BAR certification. A background in real
estate would be a plus. You don't need a big office to
get started.
13
Tax Law Practice
In this
type of business you will advise corporations and high
net-worth individuals in all areas of the tax law and
represent your clients before state and federal tax
authorities. This type of practice have a high
qualification threshold. A Juris Doctorate degree is a
minimum requirement. Most tax attorneys are also CPA's
and MBA's. With a location, furniture, equipment and you can
begin your practice.