
The Indiana Lawyer Podcast with Maura Johnson
Solo law firm lessons: cash flow, co-counsel and board game law
Solo law firm survival can depend on cash reserves, getting paid and knowing when to bring in co-counsel. An Indiana attorney explains how he built a practice serving lawyers while learning the business realities of running a firm. He traces his career from Thompson Coburn in St. Louis to Hoover Hull in Indiana, then describes the challenges of opening his own practice: setting up systems, collecting fees, pricing matters and rebuilding his reputation without a larger firm's name behind him. He credits the Indiana State Bar Association's General Practice, Solo & Small Firm Section with connecting him to mentors and experienced lawyers willing to co-counsel on unfamiliar matters. The conversation also covers his board game law practice, including work involving designer Martin Wallace and Eagle-Gryphon Games. His advice for lawyers considering solo or small-firm practice is practical: Keep overhead low, know your weaknesses, use co-counsel when necessary, hire only when revenue is consistent and plan for retirement.





