We all dreamed of hanging up our own shingle, and what better way than in a partnership with your buddies? However, when starting a law partnership if you do not get started properly you will only insure that you starve twice as fast. In this course, Gianpaolo Scarola provides guidance on entity formation, managing your office, marketing your firm, finding clients, maximizing resources and choosing the right location.
In addition to all of above, this course covers the most important topic of all: how to choose the right partners. Much like in dating, there are many fish in the sea, but quality life (or law) partners are few and far between. Through examples, Gianpaolo Scarola discusses what to do and most importantly NOT to do (with names changed to protect the innocent and his bank account). He also discusses different methods of profit sharing once you decide that you’ve found your legal soul mates.
I. Weigh the values of a Solo Practice v. Partnership v. Shared Office,
II. Choose the right practice entity (PC, PLLC, PLLP)
III. Balance your budget to manage “must-have costs” for your office
IV. Determine your office space needs and weigh value vs. costs
V. Ask your potential partner the important, determinative questions
VI. Split the pot with your partner, making sure each person gets his fair share
Gianpaolo Scarola is a partner at Scarola, Benincasa & Mouzakitis PLLC. His specialty areas are real estate and business advisement. After working in law firms for over ten years on matters ranging from parking tickets to anti-trust litigation in New York City and as far away as Jackson, Mississippi, Gianpaolo opened his own solo law practice where he spent four years growing his business and reputation. In 2011, after many offers from friends, colleagues and even some adversaries, Gianpaolo founded Scarola, Benincasa & Mouzakitis PLLC.
In his practice, Gianpaolo has assisted in the formation of countless business entities, advised clients in numerous purchases and sales of businesses and is advisor to local companies throughout the tri-state area. He also represents countless clients in their residential and commercial real estate transactions each year. Gianpaolo sits on the board of directors for both the Hollis Hills Civic Association and the New York City Independent Filmmakers and Actors Association. He has given lectures at The Theodore Roosevelt American Inn of Court, the New York City Bar Association, NYPD Community Outreach Programs, the Long Island Board of Realtors and numerous other civic and philanthropic organizations. Gianpaolo is a graduate of New York University, where he earned his Bachelor of Arts and was a awarded a Trustees Scholarship and received his Juris Doctorate from St. John’s University School of Law on a full academic scholarship.
This was the most useful CLE I have taken in the past 2 years.
good, practical course
Great presentation, would have liked to hear more from this speaker.
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