Law Practice Division:
Solo and Small Firm Interest Group
Law Practice Division: Solo and Small Firm Interest Group
Who We Are
The LP Solo and Small Firm Interest Group exists because solo and small firm attorneys are the fastest growing segment of practicing lawyers within the ABA and you guys rock! You are the intersection of law and entrepreneurship. The LP Division of the ABA wants to be bring value to your ABA membership by being the go-to resource for your legal practice and business.
Message From the Chair
The LP Solo and Small Firm Interest Group is a gateway for solo and small firm attorneys into the Law Practice Division (LP) and the the American Bar Association as a whole. Solo and small firm attorneys comprise of over 60% of LP's membership and we assist solo and small firm attorneys in all aspects on their business.
We know solo and small firm attorneys are incredibly busy professionals who, often times, get bogged down in the day-to-day operations of their practice. The goal of our special interest group is to help you, as lawyers and business owners, in a variety of areas by sharing tips, articles and proven strategies and systems you can implement that will allow you to run your practice more efficiently. We will also compile the resources of the ABA and others materials to assist with the maintenance and growth of your practices.
We want you to visit our site and find ideas you can easily implement in your business. We will cover areas like technology in your practice, business development, using social media, creating efficient workflows and procedures.
In order to provide you with what you need for your business, your feedback and suggestions will be valuable.
Are your trust accounting processes sufficient?
If you are in doubt as to whether you are at risk for disciplinary action regarding mishandling of client funds, here is a mini checklist and items you can start implementing today:
Do you maintain separate client ledger for each client’s money held in trust?
Does your invoice include an accounting summary of your client’s trust funds?
Do you accept credit card payments for retainers deposited into your IOLTA account?
Do you know what a 3-way trust account reconciliation is and how to do one?
Where do you deposit flat-fee payments? Not all flat fees are created equal.
Where are your clients coming from?
A review on Yelp? A Google search from a smartphone? Today more and more potential clients are turning to the web to make their decision. Some trends in client development and ethical ways to establish your presence in the real and virtual world. more...
The ABA/LP Midyear Meeting is coming home to Chicago! Join the entire ABA and fellow LP members, and become more involved in the Section. View the schedule to see which volunteer committees will be meeting to work on LP initiatives. Now is the perfect time to join a committee and volunteer your time and resources to help LP continue serving the legal profession.
One malpractice insurer's statistics indicated that 4 out of 5 attorneys will face at least one malpractice claim over the course of their career. And most attorneys are surprised to learn that failures to know or properly apply the law are not the most common cause of malpractice claims. In most practice ...