Advocate living in India has the provision of practicing in many types of courts. Usually the three kinds include Supreme Court, high court and district. If there are any kind of laws that one wants to practice like corporate law, service tax or income tax then in place of district courts you need to practice in the lower courts that have been set up under act. India has become of the world’s legal market and you can do much more simply dreaming. Many may feel they are not able to achieve what they wish to in the law firms that are large or large names of brands. Thus, through enough work you can flourish by sustaining after you have set up your own firm. The usual reason for anyone to set up initially is entrepreneurial bug. Here is how you can.
A degree and eligible age
At the very outset of setting up a law firm you need to reach that legal age to start one where mandatorily one needs to reach twenty one years and an LLB degree. This degree ha to be earned from any foreign university or Indian university recognized by Indian Bar council. Every state has its own council and once you get a degree, registration needs to be done with any Indian Bar Council of the State. One has the option of either establishing a partnership firm or proprietorship one where each one possesses its share of cons and pros.
Being certain about practice areas
In a partnership kind of law firm, with the presence of other partners one can undergo the diversification of their expertise area besides having more clients that need to require all kinds of services right under a roof. However, in proprietorship, one enjoys the flexibility to own their personal practice area besides taking lead role in those areas that they want to deal with. It is advisable that is one is certain enough about their practice area before they start. After the partnership or proprietorship firm has been set up, it is important that client base is developed. This way one can develop better base of clients that are based on CMA, CS and CA will have advocates requirements.
Running one is different than working in firm
Running any law firm is quite different than the working experience you have in a firm. This is because one shall be in charge of the business. One ends up donning multiple hats where they might have to work as an HR Consultancy, admin and all other things that are taken care behind scenes. These activities are on top of generating fees as well as getting clients. Goodwill seems like big problem where only initially one may face obstacle for convincing people about how you work. However, you need to be patient with clients and not seem to impatient or harsh with getting money.
Good planning
The most vital thing is good planning for starting a law firm. Build a great website and hire the best professionals so that you come up with flying colors in no time at all. Testing the waters is a must.
