Wednesday, September 18, 2013

U. Memphis School of Law joins others in establishing incubator project for new grads

Add U. Memphis to the growing list of law schools that have started incubator projects (here, here, here, here, here, and here) intended to help new law grads launch their careers.   The Memphis program will provide grads with subsidized office space, help them develop a business plan, teach them how to find clients and provide mentoring from the Service Corp. of Retired Executives in exchange for handling pro bono cases on behalf of Memphis Area Legal Services.  The program begins next month. 

The Memphis Business Journal provides further details:

Memphis law school, legal community launch business incubator

. . . .

The program, called Esq.Build, is designed for Memphis law school graduates who are in their first three years of practice to receive training regarding not only how to practice law, but how to manage a law office or small firm.

. . . .

For one year, a select number of new graduates will receive office space at Memphis Area Legal Services at a low cost (between $50 and $100 per month), including a private office and a conference room to meet clients. Participants provide their own phone, computer, printer and other office equipment. They will also be required to handle pro bono cases for MALS, as well as donate a certain number of hours of service to the Memphis Bar Association.

. . . .

Participants will learn how to create a business plan, manage cash flow, find clients and bill them properly. They will also attend continuing legal education courses that are geared specifically to teach them how to practice law, as well as learn how to run a small business.

Mentors from the Service Corps of Retired Executives also will meet with participants on a regular basis to make sure they are on the right track to get their practices off the ground.

. . . .

Hat tip to National Jurist Magazine.


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