Categories:UK

Going solo

  • Print
  • Comments (13)

Readers' comments (13)

  • consulatancy contract

    How does this work from an indemnity insurance point of view?

    Unsuitable or offensive? Report this comment

  • Career Transitions

    What a beautiful story of transition, Anna. Thank you for sharing it. Speaking as one who has been through a number of transitions myself, and watched others do the same, I can say that there is almost always gold on the other side if we manage ourselves through the process. Best of luck on your solo endeavours!

    Unsuitable or offensive? Report this comment

  • PII for consultants

    As Anna is working for law firms the Minimum Terms which all PII providers must offer incldue cover for consultants. The position is different if she were to begin to offer her services to in housers.

    Good luck Anna!

    Unsuitable or offensive? Report this comment

  • You are not alone

    Great article and inspiring. Corproate clients should take note. If you are looking for specialist expertise - shun the law factorys and go for a solo. I went Solo three years ago and since Intellectual Property is one of the areas law firm consultants have identified as not fitting in with the profile of their big ticket work ambitions, there are a surprising number of solo IP practitioners around the country. So many we have a very informal group accessible via the Blog .Between us we have a wealth of experience that can help with administrative issues. As the previous comment identifies insurance can become a problem if you need to keep the practising certificate - but do you need too? If you act as a consultant not as a solicitor you can access normal professional insurance which can protect the family without demanding huge percentages of your fees.

    Unsuitable or offensive? Report this comment

  • PI Insurance and the Law Society

    When I spoke with the Law Society on this subject I was informed by the Ethics team that if I worked for more than, say, 4 different law firms I would be regarded as trading on my own account and would need my own indemnity insurance. Anna, and any others, should check this point with them for further guidance.

    Unsuitable or offensive? Report this comment

  • Thank you

    Thanks for sharing your story Anna. Best of luck!

    Unsuitable or offensive? Report this comment

  • Congrats on Your New Life

    I have been blogging at MyShingle.com, US based law site on starting a practice for 6 years. In that time, I've come across a number of stories like yours in the US, but not in other countries. I would love to learn more about the solo experience in other countries and invite any solos to contact me if they've published similar articles online.

    Unsuitable or offensive? Report this comment

  • This is the future and how to handle PI issue

    Ana, what an interesting way to tell your story.

    My business model for Azrights Solicitors, providing intellectual property and technology services, is actually based on using consultants. The economics work out much better when I use consultants who do not have their own law firms because they can charge a much lower hourly rate. So their services will be more in demand. I am convinced this is the way of the future, and anyone now starting out on their own would do well to steer clear of setting up their own law firm. Consultants need a practising certificate if they are being introduced to clients as solicitors. However, whoever said they need their own PI insurance is wrong. What they should do though is insert a clause in their contracts with law firms excluding liability except for dishonesty or fraud etc, and obtaining a waiver in respect of any deductible payable by the firm under the indemnity rules, and any tope up insurance cover and other unindemnified or uninsured losses. I am happy to provide the wording to you Ana if you want to get in touch with me at http://www.ip-brands.com/

    Best of luck Shireen Smith

    Unsuitable or offensive? Report this comment

  • PI Issues

    Shireen makes a very good comment so far as claims against an individual are concerned. However, before suggesting that "whoever said they need their own PI insurance is wrong" I suggest Shireen speaks direct to the Law Society. Working for one firm or up to 4would not cause an issue. However, the Law Society stated that if it was more than 4 they would require the consultant to have their own PI insurance. This would be uneconomic for most.

    Unsuitable or offensive? Report this comment

  • Thank you

    Thanks to everyone who has read my article and for all the kind words and emails I have received. I hope you are all inspired and have stopped, or are at least trying to stop, biting those nails down to the quick. Your support is greatly appreciated. Let's all try and have a good year!

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (13)