Class #3C Assignments Due 7/7/2020

  1. Text: read chapters 9, 10 and 11 (pages 73-104)
  2. Website: Read posts on lawpracticemanagement.org for Class #4 (when posted)
  3. Business Plan:
    1. Copy your draft mock Business Plan from last week’s assignment to a new file and name it: “[your last name] Business Plan Assignment 3 [date]”. Here is an example: Smith Business Plan DRAFT Assignment 3 7-7-20.pdf
    2. Continue drafting your mock Business Plan in this new file using the decisions you made in class breakout sessions today and, in Comment sections, briefly describe the reasons for each.
    3. Please do not use dates or names that in any way suggest you are currently practicing law.
    4. The document should clearly indicate that this is an exercise in class so please add the following to the cover page of the business plan document: THIS IS A DRAFT MOCK BUSINESS PLAN AND NOT AN ACTUAL PLAN. THIS DRAFT IS AN EXERCISE FOR A LAW PRACTICE MANAGEMENT CLASS IN LAW SCHOOL.
    5. Email your draft Business Plan as a PDF attachment to jwmartin@law.stetson.edu

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Breakout Sessions in Class Today:

  1. Trends
    1. What are present trends affecting your decisions?
    2. What is your plan for dealing with the trends?
    3. What is the effect of the pandemic on your firm and how will your plan contemplate it
  2. Practice Areas
    1. Reconsider your choice of practice area based on trends and what you have learned so far
  3. Location
    1. In what city will your office be located?
    2. In what type of building will your office be in?
  4. Office Space
    1. Will you rent or own your office?
    2. How much space will you need in square feet?
    3. Draw the floor plan for your office space
    4. What are the lease provisions you will try to negotiate?
    5. List the initial capital expenses you will incur for your location.
    6. Use the spreadsheet to list the capital and operating expenses you will incur monthly for your location.
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