Thanks to all our wonderful clients, contacts and friends who came along to Pairings Wine bar last Thursday to mark the milestone occasion of our first birthday.
Having taken the plunge to set up our own legal practice, and become business owners ourselves, here’s some reflections from our first year in business:
Small, yet perfectly formed: don’t be afraid to establish your business as ‘specialist’ or ‘niche’. We had identified a gap in the SME and owner-managed business market in Yorkshire for a high quality service from experienced employment solicitors and so it has proved. We’re trusted by clients to deliver no-nonsense advice and they really value our input. Added to which, if we don’t have the specialist expertise, our clients know we will put them in touch with someone else who does, and who will be ideally suited to them, their business and their way of working.
Cast aside the norms: one of our proudest achievements is that Torque Law is modelled on a small business, not a small law firm. We took soundings from a wide range of business owners as to the systems they used, and liked or didn’t, and embraced the opportunity to embed systems which would allow us to work smartly and flexibly. We’re paperless (which for a law firm is unheard of) and have invested in cloud-based case management and accounting products which allow us to work in an agile and fully flexible way, wherever and whenever we choose.
Think big: at the risk of contradicting our first ‘lesson’ one wise owl said to us set up your law firm as if you had a team of people working for you, it will be far easier to make that transition later down the road. Quite a bold proposition for a start-up. However, now that we’re on the cusp of broadening the team with the addition of fee-earning consultants, we couldn’t be happier that we heeded their advice and feel enormously positive about this next phase in Torque Law’s development.