The Lawyer as Entrepreneur

Topics:
Business Models
Tags:
Career,
Entrepreneur,
Entrepreneurship,
Law School,
Management,
Professional Development,
Vault
Source:
Vault

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Overview: The article asserts that lawyers and entrepreneurs do not have much in common. Much like accounting or medicine, many lawyers choose the law as a profession because it offers a low-risk (if high-stress) means to a long, relatively well-paid, and tightly-controlled career at a privately-held law firm or government position. The paths to becoming a lawyer-entrepreneur are several. However, it seems the most common scenario is to become an entrepreneur after practicing for a few years. Most career specialists will counsel against going through three years law school with the sole intention of starting a business. However, having a law degree will never hurt an entrepreneur, even those fresh out of law school. For one, entrepreneurs with legal training will have the ability to draft contracts, choose a corporate structure, and deal with investors with confidence.

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Format: HTML | Date: Jan 2003 | Pages: 1

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