Working as a Solo Practitioner in Real Estate Law

Updated: December 2021

If you’ve decided to strike out on your own as a solo practitioner, you’re in a unique position. The shots are all yours to call, the victories are all yours to claim, and the mistakes are all yours to make. It’s more than possible to build a solo practice in the field of real estate law that affords you a good living, as well as a healthy work-life balance, but achieving that state is no small feat. Especially when you’re starting out, you may be earning a smaller overall salary than your former classmates who work at larger firms, but you’ll probably be working fewer hours. If you plan those hours carefully, you’ll earn more on a per-hour basis and have more time to spend with friends or family, doing the things in life that make working worthwhile.

Position Yourself to Win Better Business

Now that the mortgage industry has settled after the implementation of TRID, expectations and market demands are beginning to rise, with lenders and buyers wanting faster turn-around from everyone involved in closing their transactions. Consumers in today’s market want shorter, less expensive rate locks, which means that doing your part to speed their work along while maintaining a high rate of accuracy places you in a position of greater demand.

Plan Time for Marketing & Business Development

After the years of education required to become an attorney, it can be frustrating to find yourself in the position of needing to spend a significant portion of your time on marketing and business development. It seems counter-intuitive to block out time that could be billable to take on overhead tasks like these, but if you skimp on them now, you’ll pay for it later. Build a clear path to a more profitable future by setting aside dedicated time for marketing and growing your base of clients and referrers. You may already be working 60 hours a week…and what about that work-life balance we were just talking about? You can carve the time for growing your practice out of the time you already spend in the office by streamlining your workload so some of those existing hours are free for other needed tasks.

Tame The Time-Sucking Tasks

You can simultaneously streamline your workload and boost your accuracy and compliance by using an affordable solo attorney software like Easysoft Real Estate Closing Software. Enter each transaction’s data once and use the relational database to automatically populate the forms you select. You’ve already saved time in generation of each closing file with that “once and done” data feature and forms update automatically throughout the file when or if the data within that file is updated. This streamlined data entry also reduces the chances of human error that could require the work to be redone.

Using legal closing software is undoubtedly more efficient. You get faster results, which helps you speed your clients toward a faster closing, while leaving you time to handle more volume and work on building a bigger and more profitable business.

Easysoft’s Real Estate Legal Software is the best choice for real estate and bank attorneys and we make it easy for you to see this for yourself with our FREE 7-day trial. To learn more about the software and time-saving features, book a demo & trial today.

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