Franchise opportunities are usually something people associate with fast food, retail services or similar industries, but the truth is that franchising now spans a number of different areas, including divorce law. And for individuals who are looking to establish themselves within this burgeoning industry, franchising can have many benefits.
First off, legal jobs can be hard to come by, particularly if you are just out of law school and haven’t made a name for yourself yet. That law school degree is to your benefit, as is passing the Bar, but neither guarantees that you’ll be able to instantly start making money as an attorney. And with many big law firms very tight when it comes to new hires, it can make working for yourself that much more attractive.
But hanging out your own shingle isn’t a guarantee of anything either and it can be a risky venture particularly if you don’t have the financing necessary to set up and maintain a business. This is where the idea of franchising comes in. It’s not a new idea in legal circles, we’ve all seen those TV ads for personal injury attorneys like Jacoby & Meyers, but now it’s becoming more popular in divorce law as well.
So why consider franchise opportunities if you’re looking to become a divorce professional? Well for one thing, franchising allows you the ability to get your feet under you without being entirely on your own. You’ll have the resources and guidance of the franchise to rely upon, particularly in some of the more costly areas such as marketing.
Another big benefit when it comes to franchise related legal jobs is having the already established reputation of the franchise to lean on. Instead of starting from scratch and trying to create a name for yourself, you’ll be able to operate under an umbrella title that is already familiar to customers and carries with it its own level of reliability.
Along with this reputation comes a built-in customer base to draw from. This is why franchise opportunities are attractive to so many. Building up your client base is one of the most time-consuming parts of starting your own business, so by purchasing a franchise you can bypass that and basically give yourself a sizable head start.
Of course, these kinds of legal jobs are not without their disadvantages as well. You’ll not only have the franchises reputation to count on, but their rules and regulations as well. You’ll be expected to follow their already established business plan and you’ll have to pay both an initial franchise fee as well as ongoing advertising and royalty fees. But many see these as a small inconvenience compared to the greater advantages of franchising.
If you have your heart set on working for yourself in the divorce industry, you may want to consider franchise opportunities. It could be your best bet for establishing yourself as a name to trust when it comes to divorce law. So carefully weigh all of your options and think about buying into a franchise. It just might be the best decision you’ll ever make!
The author of this blog is not an attorney and the information contained in these blogs should not be considered legal advice. The information provided here is based on the experience of the author and some of her clients whose actual names are not mentioned. Do not hesitate to seek the advice of an attorney if you have any legal questions.