By Onozure Dania
A LEGAL expert, Mrs. Omoefe Siakpere, has revealed ways lawyers can create wealth and succeed in corporate law practice.
According to her, lawyers need to acquire business skills to be able to run profitable law firms, must know the law, create a viable business plan, develop a niche, build relationships and invest.
Siakpere, who holds a master’s degree in corporate and commercial law from the University of London, spoke at the 2017 Law Week of the Nigerian Bar Association, NBA, Benin Branch. Her paper was entitled “Investment Options and Wealth Creation through Corporate Practice.”
Siakere, who is the founder of Klass & Korporate Consultants International Ltd, a business start up said lawyers can succeed by first repositioning themselves.
“You position yourself first in your own mind. The way you see yourself will shape the way others see you. The way you think about yourself determines how you do everything. It affects the way you prospect, the way you interview, the way you present, the way you close, the way you manage your time – it shapes everything you do. As a result, people will see you the way you perceive yourself – See yourself as a specialized Corporate Lawyer.
“Create a viable business plan, highlighting your practice areas and the pricing of services. Identify your cash cows in Corporate Practice, Competition, Competitive advantage, SWOT analysis and know your breakeven point. Please note that law practices are a form of business.”