Thanks to Susan Cartier Liebel of the Build a Solo Practice LLC blog for pointing out a great resource for women lawyers: the most recent edition of the Complete Lawyer. Her blog, by the way, is a great resource and one that is well worth following.
This month's focus is "What Do Women Lawyers really Want?"
Over the next few weeks I'll be highlighting articles from this edition. Today's article is written by Susan and is entitled "Free Yourself From the Grip of BigLaw."
Solos work very hard 24/7, but most will tell you that the reason they work so hard is for the freedom it affords them. And for not having to apologize for, or feel guilty about decisions that put their family first. Not having to risk their promotion or job because life means more to them than eighty hour work weeks. Not having to ask anyone's permission to live their life the way they choose...
(W)e ... live in a culture of fear: fear we won't meet our student loans, fear we won't be able to pay our living expenses, fear we won't have clients, fear we won't know what we are doing, fear of not having a steady paycheck and health insurance, and so on. And then there is fear of what others will think if we try to make a go of it as a solo practitioner...
Unfortunately, this fear can take a disproportionate toll on women in the legal field. A very disturbing article in the Boston Globe, (May 2007) reported: "Of the 1,000 Massachusetts lawyers who provided data for the report, 31 percent of female associates had left private practice entirely, compared with 18 percent of male associates. The gap widens among associates with children, to 35 percent and 15 percent, respectively—reflecting the cultural reality that women remain the primary care givers of children and are therefore more likely to leave their firms for family reasons. The dropout rate among women lawyers is overwhelmingly the result of the combination of demanding hours, inflexible schedules, lack of viable part-time options, emphasis on billable hours, and a failure by law firms to recognize that female lawyers' career trajectories may alternate between work and family." ...
It's impossible to put a price tag on the freedoms solo practitioners enjoy, including the freedom to balance and improve the quality of their lives, and the other psychological bank accounts that get hefty deposits every day. Apparently, 74 percent of all private practice attorneys have done Ben Franklin lists when making the decision to work for themselves. If the statistics tell the tale, then independence, autonomy and a day at the ballpark is winning by a long shot.