The demand for legal service in Malaysia has been rising as more and more people engage in economic activities. This situation causes an annual influx of new lawyers in the legal industry .most of these practices are products of schools of law within Malaysia or abroad. While many of them practice independently, there is a need to work in partnership in order to share resources and expertise.

General steps for starting a Law Firm Come up with a business plan A good business plan acts as guide towards achieving your vision. As a prerequisite, it gives details of the start up plan and prepares the legal entrepreneur for expected and unexpected outcomes. The best plan is developed after a thorough market research and in consultation with the bank, insurance companies and other potential stakeholders. The plan must address all aspects of the firm and fill all possible gaps that might arise in the course of its implementation.

A legal entrepreneur can generate this capital from savings accrued during private practice and or money gotten from other sources. Such sources could be financial institute's family and friends. The starter must take extra caution when choosing the source of capital for the business. He or she must bare in mind the cost of borrowing from financial institutes as well as any expectations that individual money lenders friends or family might have after offering their financial support.

Establishing a law firm requires proper planning if any success is to be achieved. The scope of planning must include a financial plan a market plan income projections and a business development strategy. All this factors must be well consolidated into a business plan, which takes the form of a written document which can be used for fundraising and day to day management of the law firm.

After getting the right location, it is important to set up a private office with all necessary equipment. The premise should not be too hidden or in the immediate neighbourhood of noisy businesses. Prepare a waiting room and a receptionist area with a receptionist desk, pot plants and impressive decorations. Set aside an inner office for the attorney. This office needs to have bookshelves, a computer and possibly an office telephone connection.

Legal Staff and a Good Insurance Broker A busy law firm will need several staff members to play different roles as they assist in the work. It is important to plan for your staff at this stage and advertise positions well in advance to give prospective candidates a chance to prepare for the job. It is necessary to plan for insurance by getting a good broker. A credible insurance broker offers a good deal and enlightens you on all insurance jargon.

The selected premise needs to be partitioned to accommodate staff members and clients. It must have a reception area with a telephone a computer and a waiting lounge and a receptionist. There may be needed for more documents in this area in order to give it a good visual appeal when all the physical aspects are set, the new law firm must carefully select the best people to occupy vacant positions and induce them into the work environment early enough. Embarking on thorough marketing is sure to generate more customers to get the firm running.