Ed. note: Please join us in welcoming our newest columnist covering the world of small law firms, Carolyn Elefant of MyShingle.

Let me start my inaugural column here at Above the Law with a question: Why not start your own law firm?

To be clear, I’m not directing this question at those of you who are gainfully employed in a legal job, however tenuous or intolerable. Over the course of this column, I’ll discuss whether and in what circumstances it makes sense to jump ship — but for now, I’ll assume that your risk aversion is reasonable.

Likewise, my question isn’t targeted at those of you who have no choice but to work at menial jobs just to survive and simply don’t have the time or energy to get a firm off the ground. Again, there are ways that you can make starting a firm work, but it may take a lot more effort than you have to give.

No — for now, I’m just asking those of you who really have no choice. For example, if you graduated from law school more than a year ago and you’ve been sending out résumés constantly and haven’t had a nibble. Or those of you who have had a doc review job here and there, but nothing steady — but at the same time, you’re fortunate enough to have a spouse or partner or family who can at least cover your living expenses while you get a firm off the ground. Or maybe you’re more experienced — perhaps your law firm pushed you out as you were nearing 65 and you’re not ready or can’t afford to stop working yet, but nothing else has presented itself.

In these kinds of back-against-the-wall, nowhere-to-go-but-leave-the-law-entirely cases, is the horror or shame of starting a law firm worse than being unemployed or junking your JD?

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I would bet that at least half of you resolved to find a new job in 2012. And, for many, that new job means going out on your own. As with most New Year’s resolutions, however, such a measure may seem overwhelming.

Lucky for you, Carolyn Elefant has updated her book, Solo by Choice: How to Be the Lawyer You Always Wanted to Be (affiliate link). The book provides a thorough road map for lawyers looking to make the leap to solo practice.

Solo By Choice is divided into five parts: (1) The Decision; (2) Planning the Launch; (3) The Practice; (4) Solo Marketing; and (5) Solos in Transition. The sections offer information and advice designed for lawyers at all levels of experience, from new graduate to partner. A large portion of the book discusses new technology and social media. And to bring the message home, Elefant profiles successful solos and provides tips they learned in starting and running their own firms….

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