Should You Start Your Own Practice as a Lawyer?

lawyers salary

There are a lot of lawyers out there who own their own practices, and for the most part they are quite happy and content. The thing is, these lawyers probably aren’t earning as much money as you think they do. You have probably been told by someone or the other who claims to have a lot of knowledge about whatever is being discussed that in order to truly earn the big bucks once you have completed your law degree and attained a certain amount of experience is to open your own practice.

It is easy to see why someone would think something like this. After all, you need to be able to start a business if you want to get rich right? Well, the truth of the situation is that any LaSalle attorney will tell you that working at a firm is the right way to go. Even though you won’t be the owner of the firm, you won’t have any of the responsibilities that owners are usually forced to contend with as well and your salary will be your own without you having to consider the expenses that the business is incurring nor any of the losses that come with the risk that is inevitably associated with pretty much any business.

What’s more is that you would actually get a chance to become a partner at the business. This means that you actually will have something of your own, something that will earn you income even if you don’t want to work although you will be required to fulfill at least some responsibilities. Hence, joining a practice is the more financially savvy move that anyone would want to make.