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Memphis Law, business incubator

Submitted by Misha Cohen on Sat, 03-01-2014
Long title
Memphis law school, legal community launch business incubator
Robertson, Rob
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Memphis Business Journal
United States
The University of Memphis law school and the city’s legal community are looking to do something for law school graduates who can’t find firms to join and are striking out on their own. The University of Memphis Cecil C. Humphreys School of Law, in collaboration with the Memphis Bar Association and other local stakeholders, have launched an incubator aimed at helping new solo practitioners grow beyond the classroom. The program, called Esq.Build, is designed for Memphis law school graduates who are in their first three years of practice to receive training regarding not only how to practice law, but how to manage a law office or small firm.
For one year, a select number of new graduates will receive office space at Memphis Area Legal Services at a low cost (between $50 and $100 per month), including a private office and a conference room to meet clients. Participants provide their own phone, computer, printer and other office equipment. They will also be required to handle pro bono cases for MALS, as well as donate a certain number of hours of service to the Memphis Bar Association. Participants will learn how to create a business plan, manage cash flow, find clients and bill them properly. They will also attend continuing legal education courses that are geared specifically to teach them how to practice law, as well as learn how to run a small business.
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