Re: How much is a degree from a low level law school worth? (and more
[ QUOTE ]
[ QUOTE ]
Noah-
Where are these huge start-up costs incurred?
I'm not thinking about doing this, BTW. Just curious.
[/ QUOTE ]
I'd imagine the cost of getting office space, getting it up and running, and the cost of trying to get your name out, when there is no income coming in.
[/ QUOTE ]
Yeah, but starting any business takes money. Unless you buy an existing business, having cash flow on day one is going to be an issue.
I live in a small area, and have mentioned before that I'm in advertising sales. The only reason I was curious is that I know what office rent is here, and I know what effective advertisiing costs. I just didn't know if being a lawyer had other costs I didn't know about. I would think, especially in smaller markets, one could "hang a shingle." I don't know really anything about law, but I would guess that settling a case is worth a decent amount of money, as in the ambulance chasing example. One wouldn't have to settle a ton of cases to payback a years worth of overhead and advertising costs. Borrowing the money might be an issue. I don't know, just thinking outloud.
|