Q&A from Chicagoland
These are selected Q&A, answered by a Muslimah attorney a few years ago. She is part of a start-up law group and shares her thoughts with me.
2) Do you have a large support staff? Any support staff? Are they all women? All Muslim women?
We have yet to hire support staff. Our budget is such that we are not able to afford staff yet. We are hoping to get to that point in the next few months Inshallah. We envision women staffers, and probably Muslim, as we need people who speak Arabic fluently in this part of Chicago. As far as answering phones, we are each other’s secretaries. As for filing, etc. we are our own secretaries.
3) How is the office set up? Is it a large office?
Our office is big. It’s 3,200 sq ft. We each have our own individual offices, plus a receptionist’s area and a conference room. There is also plenty of space for additional staff later on.
4) What kind of office software, if any do you use?
We use PracticeMaster and Tabs3.
5) Do you use West or Lexis (or any other service)?
No. There are plenty of creative and cheaper ways to get around using them. The Illinois bar has a very basic version of Lexis/West available to members for free. Another service called Smartbooks has all sorts of academic and practical content in many practice areas as well. There are also LoisLaw and a couple other services I’ve heard about that are cheaper than those two.
6) How are the bills paid? How do you pay yourselves? Do you have benefits or a retirement plan, or any plans for them in the future?
We all made an initial contribution to the LLC, paid quarterly, for one year. When that money runs out we will be paying overhead out of our own pockets monthly. We are now on an “eat what you kill” basis, though eventually we’d like to have profit sharing. No benefits as of yet.
7) How is the work delegated?
Basically, everyone has their own practice areas. Where a case may overlap, we partner with each other.
8) How was the start-up funded?
Each of us contributed our own money.
9) Do you outsource any work- like dictation services or investigation?
So far we haven’t had a need for either (maybe because of our practice areas), but I can imagine when the time comes we would have to.
10) I assume Illinois does not offer LLPs. Is the LLC sufficient for you? Any interest in an LLP if it were available?
IL does offer LLPs. Choosing a entity status is really a matter of taxation. All basically offer the same liability protection. Even as a business attorney, I always tell my clients to have their accountant choose an entity that is right for them, then I explain the liability issues, etc. But generally with an LLC, you can choose to be taxed as a corp or a partnership, so it gives you more flexibility.
11) How's business? Is the business self-sustainable at this point? Any idea when it would become so?
Another partner and myself came in with an already established client base. Even so, real estate has been doing very poorly lately, so I am living off of the business practice. As a firm, we’re not yet self-sustainable, we’re hoping to be by the one year anniversary Inshallah. But business has definitely been picking up as word gets out, Alhumdullilah.
12) Are your husbands very supportive?
Do they all have their own jobs, or are any of them (I cringe at the term) house-husbands? Yes, they are all supportive. 4 of the 6 have husbands who are doctors. And both my fiancé and the other partner’s husband are gainfully employed ;)
14) Has there been any consideration towards expansion?
Inshallah, we have talked about it. It would be nice to have affiliates in other cities. But right now our focus is on having this practice survive.
16) How are business decisions made? What kind of tie-breaking system do you have? Does any one person have more of a say than anyone else?
We all vote on the major decisions. Some other decisions do not need consensus. We have a Managing Partner, but she doesn’t have any more say than the rest. We are planning on having a new Managing Partner every year or two, just to take the stress off of one person.
17) I realize that you cover many practice areas. Are there, however, any "typical" clients that you could describe?
That’s really hard to describe. We are located in a heavily Muslim populated area, but not all of our clientele is Muslim. We have some Christian Arabs, whites, Latinos, African-Americans, Asians, etc. A little of everything.
18) Do many members of the local Muslim community use your services? Is the Muslim community generally supportive?
Yes, alhumdullilah. So far the Muslim community has been supportive. They’ve done articles in the local papers and newsletters on us. We’ve also been on a Muslim radio talk show...
19) Any interest in ADR?
I love ADR. I’d love to be a mediator. Inshallah I’ll get more into it as my career progresses.
20) Any pitfalls you'd like to warn me about?
CLIENTS – they are demanding and don’t want to pay when the work is done. Collect upfront ALWAYS!
21) Any mistakes you'd like to share?
Going too big from the beginning. Get a small office and spend as least money as possible on equipment, programs, furniture etc.
22) Are you aware of any benefits gained from doing business in this way?
You share a rapport with each other and the community that you are targeting (assuming it’s Muslims as well). You also attract attention from the non-Muslim community in that you are breaking stereotypes.
23) Does the business have particular limitations because of the way that it's structured and business choices members have made?
Not really, even if we go to profit sharing, our LLC status allows us to do so.
24) Is any one practice area more lucrative than others?
It ebbs and flows. Right now real estate is way down. But business is good (if your target clientele tends to be business oriented, as ours is). Family law is always (unfortunately) good (except during holidays). Immigration is excellent. People are always getting tickets and being accused of crimes. Civil rights may be good if you’re working with the Muslim community.
26) Anything you'd like to add, wisdom you'd like to impart?
PLAN, PLAN, PLAN…do not rush into anything. Make sure you get to know your potential partners before you decide to do anything. Make sure everyone is on the same wavelength. Whatever you budget for, it will cost you double!
Labels: firm, office, partnership, solo
