Great presentation can take you a long way. Log in to Lawyerist. Register here. It's free! Join Lawyerist Insider Back to login. First Last. Enter Password Confirm Password. United States Canada Other. Pick one. I do not work at a law firm. This field is for validation purposes and should be left unchanged. New Podcast Episode! Back to Top. By Cari Twitchell on March 19th, Section One: Executive Summary This section provides a succinct overview of your full plan.
It should also include the following: Mission statement. This statement should be one or two sentences at most, so you can quickly state it off the top of your head at any given moment. It should clearly state your value and offer inspiration and guidance, while being plausible and specific enough to ensure relevancy.
For further direction on how to write a mission statement, read this Entrepreneur article. Core values. Your core values outline the strategy that underpins your business. When written well, they help potential employees and clients understand what drives you every day. When written incorrectly, they include meaningless platitudes that become yet another thing forgotten or ignored during practice.
To pack the most punch into your core values, write them as actionable statements that you can follow. And keep them to a minimum: two to four should do just fine. You can read more about writing core values at Kinesis. What sets you apart. If you are like every other attorney out there, how will you stand out? This is known as your unique selling proposition USP.
What is it that will convince clients to turn to you instead of your competition? By clearly stating your USP, you identify what it is about your firm that will ensure your success. Section Two: Company Description Write a succinct overview of your company. Here is what it should cover: Mission statement and values. Reiterate your mission statement and core values here. Geographic location and areas served. Identify where your offices are located and the geographic areas that you serve.
Legal structure and ownership. If you are something other than a sole proprietor, identify the ownership structure of your firm. How does your law firm business model influence the ownership type? Firm history. If you are writing or updating a plan for a law firm already in existence, write a brief history that summarizes firm highlights and achievements. Section Three: Market Analysis Done correctly, a well thought out market analysis will help you identify exactly what your potential clients are looking for and how much you should charge for your services.
Elements of a market analysis include: Industry description. Draft up a summary that encompasses where your particular legal niche is today, where it has been, and which trends will likely affect it in the future. Identify everything from actual market size to project market growth.
Target audience. Define your target audience by building your ideal client persona. Use demographics such as location, age, family status, occupation and more. Map out the motivations behind their seeking your services and then how it is you are best able to satisfy their requirements. Competitive analysis. This is where you dive into details about your competitors. What do they do well?
Where do they fall short? How are they currently underserving your target market? What challenges do you face by entering legal practice in your field of choice? Provide specific data on how much your target audience has to spend. Then narrow that down to identify how much you can charge per service. What is your educational background? What experience do you currently have? Why are you the right person to run your firm? Section Five: Services The Services section is the heart of your law firm business model plan.
It is where you dive into all aspects of your services, including: The problem s you are addressing. What pain points do your preferred clients experience? What can they do right now to alleviate those pain points? Answer these questions, and then take the extra step to explain how those current solutions fail to adequately address their problems.
The solution s you are providing. It's fast and easy, with LivePlan. Don't bother with copy and paste. Get this complete sample business plan as a free text document. Download for free. It describes your business, the problem that it solves, your target market, and financial highlights. WLF is a limited liability company founded and lead by Richard Bloom.
Start your own law firm business plan Start your own business plan Start planning.
At Ashley Adams Law Firm LLP, we have in mind the current high demand for Lawyers in a lot of businesses and this is why we will offer a wide range of legal services concerning whatever the clients want. This company is one hundred percent client-based and those who we serve will find us affordable as they will not have to pay through their nose to have our quality representation and counsel, we will give them all the legal backing needed to achieve their various feats in their different establishments.
The attorneys we hire are honorable, effective, experienced, and dedicated to the good of our clients. At Ashley Adams Law Firm LLP, we are not only about making a profit, but we also have other aims and this reflects in the range of services we cover. Providing our esteemed clients with skilled legal services efficiently and on time, representing our clients with accountability and honor. We take responsibility for the legal aspect of the business of our clients while they confidently focus on the success of their ventures.
In a strictly professional manner, our mission is to provide trusted legal services which aid organizations and businesses to operate effectively, having good business background ourselves we also give excellent counsel to clients. We at Ashley Adams Law Firm LLP, have taken great measures to see that our business structure is very firm and will support the growth of our company. Our target market cuts across people from all walks of life and we have specially designed our business for banks, migrants, employees, real estate business people, corporate counsel, and entrepreneurs.
We will place advertisements on electronic and print media, maximize our company website, sponsor shows, leverage on the internet, and brand all our official cars. This will cover all startup cost from acquiring an office facility to additional expenditure, it can also independently sustain the business for the first three months. The company is going to start as a private business owned by Ashely Adams and he will be the sole financer of the firm.
It's fast and easy, with LivePlan. Don't bother with copy and paste. Get this complete sample business plan as a free text document. Download for free. It describes your business, the problem that it solves, your target market, and financial highlights. WLF is a limited liability company founded and lead by Richard Bloom. Start your own law firm business plan Start your own business plan Start planning.