Sunday, May 29, 2016
Alyssa A. DiRusso recently published an Article entitled, Turn-Key T&E: Building a Trusts and Estates Practice, 29 Quinnipiac Prob. L.J. 126–76 (2016). Provided below is a summary of the Article:
If your dream is to start your own trusts and estates practice, there are some practical steps to take to get started. There are initial considerations, like the scope of your practice and its location. There are matters of office and administrative resources, including assistants, partners, and other practicalities of office life. There are steps to take with licensing and accreditation, both with respect to the practice of law and regarding other designations that prove useful in practice. You will need to organize your business, choose its form, and establish a name. You should consider financial matters such as billing, accounting, and marketing. Trusts and estates practitioners engage in a variety of networking and professional organizations that you will want to consider. You should mind ethical standards of practice. Finally, you will want to know what resources are available for a new practitioner. Though this list may seem daunting, these tasks are very manageable.
The goal of this manual is to provide a comprehensive overview of the practical tasks involved in establishing a new trusts and estates practice. It is designed primarily with new graduates in mind, although more experienced lawyers may find it helpful as well. The reader will find that specific examples throughout reference the state of Alabama,1 although many of the considerations are the same regardless of where a lawyer practices. It is my hope that with this instruction manual as your guide, you can start something new and entirely your own.