Thinking of Law School? Six Areas of Law to Consider Specializing in and Why

Thinking of Law SchoolTo become a great lawyer after passing the bar, it’s a good idea to find an area of the law to specialize in. Specialization helps to build your knowledge and secures better outcomes for clients because of your familiarity with the subject matter. Criminal law, immigration, personal injury, family law, estate planning and real estate law are all areas that provide a great living and personal satisfaction through helping others.

Criminal Law:

The practice of criminal law will never end because people will always break the law. As a specialist in criminal law, you will be able to work to defend individuals who have been charged with crimes. You will help some people reduce the penalty they will receive due to a crime they commit and you will help others to clear their names from false charges.


Immigration law is very necessary in America. Some individuals need Visas and other paperwork completed by lawyers to legally reside here. They also need certain documents to be eligible to work in this country. Immigration law can deliver a steady stream of clients and make a good living for any lawyer interested in making immigration a specialization.

Personal Injury:

Personal injury is a great legal specialization that will allow you to make almost unlimited amounts of money. As a personal injury specialist, you will be able to receive a third of settlements that you negotiate on behalf of your clients. There are several specialties within personal injury law such as becoming an auto accident lawyer, a slip and fall specialist, and more. In addition, you get the satisfaction of helping others who have been injured or harmed due to the negligence of others.

Family Law:

Whether a person needs a divorce, a custody agreement or adoption paperwork, they will need a lawyer to represent their interests in the process. This is a great area of the law to specialize in because there is always a steady stream of clients in need of assistance. Family law issues can go on for years and provide a steady source of income from clients who need representation the entire time.

Estate Planning:

Death is an inevitable event for everyone and it’s important to plan for the future. Estate Planning lawyers are able to help families put their affairs in order to avoid the problems sometimes presented by intestate succession. Estate planning lawyers help people start trusts and make wills to determine where their assets will go in the future and also help wrap up the affairs of the deceased. This is a great area of the law to go into because you are able to help families who need assistance after the death of their loved ones.

Real Estate:

Real estate lawyers help make the record of who owns what by preparing deeds and other land contracts. With interest rates dropping in recent years, real estate is still a way to make a great living as a lawyer. This is a great area to specialize in because closing attorneys help clients get into their new homes by working with lenders to make the process seamless.

Being a lawyer can be a very satisfying job. Decide how you want to help others and figure out what you are good at doing. Build a niche in the area of law that you want to specialize in and you will be able to prosper for years to come.

Should your Company use Drop Shipping?

drop shippingWhen you build your eCommerce company, one major component you must consider is how to get the merchandise to your customers. Drop shipping has become a very popular option for many retailers due to its numerous benefits to both retailers and consumers. Studies have shown that drop shipping increases profit margins for companies.

A 2009 study published in the Journal of the Operational Research Society demonstrated that retailers who utilized drop shipping increased their profits by 5.18 percent. There are a few things you should consider before choosing it as a reliable option.

How it Works

When a company uses drop shipping, it does not actually keep any of the items in stock themselves. Instead, as soon as an order comes in, you purchase it from the supplier who then ships it to the customer. The customer never interacts with the third party supplier; instead, you will inform the customer when to expect the shipping. If you have a lot of concerns about using drop shipping, you can always join a discussion in a drop shipping forum to discuss it as much as you want.

Profit Boost

Drop shipping boosts profit because you can easily offer a broader product line and not have the expense of inventory. When you use drop shipping, you have low overhead costs because you do not have any actual inventory in which you must invest. You can have a wider selection of products because you just contact the necessary retailer as the orders come in. Furthermore, you do not have to put the capital upfront for your inventory because you will not actually order anything until the order from your customer gets in. You also do not have to worry about having a large location and warehouse since you will not have any warehouse. This makes it easy to start your business and hit the market, while still having a high profit margin. You also do not have to worry about shipping the item yourself.

Risks Involved

However, as great as drop shipping can be for an online retailer, it does come with risks and potential problems. Although on the one hand drop shipping is easy, it does complicate things through having a third party involved. The supplier may have inventory issues. Furthermore, it requires excellent communication between your company and the supplier, especially about the available inventory. You must be able to have instantaneous communication with your suppliers; otherwise, drop shipping will not work. Furthermore, there are potential problems with shipping and customer service. Because you do not handle the actual shipping yourself, then you cannot help your customers with any questions about this, unless you have the proper communication portals. It also complicates some parts of the shipping process. Although you do not have to worry about actually shipping it out, someone does and it still costs money to ship. If your customer buys four products from four different suppliers, he or she will get four separate boxes shipped out, rather than one.


Disposable Income – How Not to Throw it Away

disposable incomeIn the current financial and economic climate, we all have to be a lot more careful about how much we spend and what we spend it on. It can be all too tempting for those who find themselves with disposable income each month to splash out and treat themselves on a regular basis. However, you have to also think about the future and try to put some of your disposable income away rather than throwing it away on items that you don’t need.

Of course, when you work hard to earn your money there is nothing wrong with treating yourself now and again. However, you simply need to think smart in order to ensure that you do not end up wasting your disposable income unnecessarily.

Ways in which to avoid wasting your disposable income

There are a number of ways in which you can avoid wasting your disposable income and could even boost your savings on a month-to-month basis. Some of the ways in which you can avoid wasting money by cutting back on spending include the following.

Set up a direct debit into savings: Many people find that if they have money burning a hole in their pocket they end up spending it, often on items that they do not need. By arranging a standing order or direct debit directly to your savings account each month, you can avoid having money just sitting there tempting you and instead watch your savings account grow month by month.

Shop around for everything: There is nothing wrong with treating yourself out of your disposable income. However, make sure you shop around to get the best deals. From clothing such as girls’ party dresses and casual wear through to gadgets and devices such as tablets and mobiles, you will find some great deals out there. All you need to do is find them in order to make big savings. Even if you are planning a big treat such as a holiday, take time to shop around or wait for special deals.

Look at cheaper forms of entertainment: We all need to relax and enjoy some downtime now and again. However, finding cheaper forms of entertainment could mean you spend less and save more. For example, rather than taking the family out to the cinema and paying for each person to see a movie, enjoy a DVD night at home. You can buy some popcorn and other treats at a fraction of the price you will pay while at the actual cinema. Likewise, rather than heading out for a romantic meal, enjoy a home-cooked one by candlelight with some romantic tunes playing in the background – just as intimate but cheaper and with added privacy.

These are just a few of the ways in which you can avoid spending more of your disposable income than you need to.

A Guide To Investment In Private Companies

investing in private companiesEvery investor knows the risks associated with investment in private companies. Total loss on investment is a real possibility and there is a limited market for these shares. However this is the most exciting areas of investment in today’s market and it provides excellent opportunities for capital growth. Venture capital may have high risk but it can also give high reward. In this highly speculative market where share prices may go up or down overnight and where past performance is no indicator for what may happen in the future, investors need financial advice to help them make the right decisions as they endeavor to invest in private sector and grow their capital portfolio.

CSS partners is a firm dedicated to offer such advice to both investors and companies. Their main focus is to help investors who want to take part in the Enterprise investment scheme (EIS) which is basically a government initiative to encourage investment in smaller unquoted companies, do so successfully. The EIS scheme as it is popularly known is helping small and medium investors in the UK have a personalized medium to grow their investment portfolio in mostly unquoted companies. The CSS partners is based in the UK and is an appointed representative of Charles Street Securities Europe LLP, authorized by the Financial Services Authority to carry its mandate in the Enterprise Investment scheme.

Investment in the private sector is risky and it requires no need for liquidity by investors with a chance of total loss on their investment. The EIS promotes investment in this sector in a number of ways which include offering various types of tax breaks which we will look at in detail. However not all companies are eligible to the benefits of the EIS scheme, with smaller companies with gross assets of no more than 15 million pounds and  with not more than 250 employees being the only ones eligible. In addition, tax benefits in this scheme are only available when new shares are bought by a company.

There are five types of tax relief under the EIS scheme with the first being the Capital gains Tax freedom. In this EIS tax relief, no tax on capital gains has to be paid by the company for the initial three years after registration. Loss relief is also given under EIS, ensuring that if EIS shares are sold at a loss, the loss can be offset against the capital gains tax, or against the investor’s capital income for that year or the previous year. Inherent tax exemption is also promoting investment under EIS where companies are exempt from paying inherent tax after holding the investment for two years.

Capital gains tax deferral relief ensures that gains on a different asset can be deferred indefinitely provided investment in EIS shares happens between 12-36 months after disposal of the original assets. Finally, investment relief tax allows EIS qualified investments for no less than three years to have income tax reduced by up to 30%.



Why You Should Teach Your Kids Money Management

kids money managementParents want the best for their kids and strive to provide all of the advantages that money can buy. One often-overlooked need is for children to learn how money is earned and how best to manage their resources. This can leave them vulnerable to the traps of over-spending and borrowing too much. Parents can help their children learn to manage money as soon as they begin asking for things at the store.

They can then build on the knowledge gained to ensure their child’s future financial welfare, and teach them about everything from saving allowance money to the best types of jobs to start thinking about, anything from medical school at Sanford Brown to law school at Harvard. Here are some ideas to start you off:

The Power of Choosing

Teaching children to choose carefully helps them to respect the value of money. Kids are not born understanding that money has to be earned and the parent has a limited supply available. As soon as the child begins asking for things at the store, a wise parent can give choices. Would the child rather have a candy bar or a box of cookies for the same price? Instead of giving in to constant demands, insist that they make a choice of one item.

Let Them Earn Some Cash

Letting children earn at least part of their money helps them understand limits and privileges. It’s tempting to simply give them an allowance, but this is a chance to teach them the value of a dollar in ways most kids don’t understand. A good rule of thumb for an allowance is that it should be limited to about $1 per week for each year of age. Giving children the opportunity to earn extra money helps them to understand how a job works. The parent can then talk about how he or she earns money.

Teach Them How to Save 

Helping children save toward a larger purchase can teach them a valuable habit of setting aside part of their earnings. One way to do this is to divide the money into four boxes or jars. Label one jar for giving (about ten percent), one for cash (about thirty percent), one for mid-term goals (about thirty percent) and one for long-term goals (about thirty percent). Dividing the money this way helps them to see the advantages of saving.

Stimulating your child’s brain and helping them understand money is no easy task – but then again, not many kids (or adults, for that matter) can boast this. If it was easy, everyone would have a great handle on their money; the average household credit card debt and over spending habits in America reveal that many people still don’t how to handle their money.

Teach your kids today. You don’t even have to be an expert yourself – educate yourself, then teach your kids what you know.

Photo by: roarpett

The Importance of Business Insurance

todd & cueIn today’s economic climate, having adequate insurance is an integral element of everyday life.  Regardless of whether you are governed by law or obligation, you will be faced with a myriad of different types of insurance, including life insurance, health insurance, phone insurance, house insurance, car insurance, travel insurance and many other types of insurance.

The same is also true for business owners; entrepreneurs must take out insurance policies for their business, irrespective of the size of the business, and the industry sector that the business finds itself within.

There have been numerous reports of towns and cities suffering major disruptions due to flooding and other natural disasters.  One disaster can wreak havoc on your fledgling business,irrespective of how much time, money and hard work you have invested into it.  Astoundingly, one pub landlord has been forced to give up the pub he took over because it has flooded 12 times in the space of 2 months, which has cost him over £10,000 in lost trade and repairs.

However, there are measures you can take to protect the short and long term future of your business, which comes in the form of business insurance.

Business insurance is an exceptionally valuable tool that will help you to safeguard and protect your business from unexpected losses and unforeseen risks.  The three most common forms of business insurance are restaurant insurance, pub insurance, and hotel insurance; each form of insurance is individually tailored to meet the unique demands of the most common leisure industries in the United Kingdom.


There are a multitude of independent restaurants in the UK, with each one being capable of accommodating hundreds of individual diners each day.  Unfortunately, this means that the risk of someone choking, sustaining scalds or burns, or falling ill as a result of food poisoning in your restaurant is highly probable.

If you do not have adequate restaurant insurance and a customer sustains one of these injuries in your restaurant, any subsequent insurance claim could see your restaurant incur serious costs and penalties.  Any such claim is bound to damage the reputation of your restaurant and your long term future.

As an added risk, it is also your duty to deliver a clean, healthy and safe working environment for each one of your team of staff, including chefs, waiters, waitresses and cleaners.  If one of your staff suffers an injury as a result of unsafe working conditions, and you do not have adequate restaurant insurance, your business prospects could again be seriously damaged.


The importance of adequate pub insurance in running a successful pub business has been highly publicised; any environment closely associated with the consumption of alcohol is highly susceptible to dangerous and unruly behaviour.  Any form of violent or unruly behaviour presents an immediate risk of accidents and injury to both staff and customers; furniture and fittings can also be easily damaged, and incredibly expensive to repair.

Furthermore, the ubiquity of personal injury claims can mean that someone is now more likely to make a claim if they are injured in your pub. Again, this could leave you liable for any costs incurred if your business doesn’t have adequate pub insurance.


As is the case with restaurant and pub insurance, the hotel industry is also susceptible to public liability claims.  Privately owned hotels in the UK are in abundance; hotel owners should attempt to safeguard their assets and their livelihood by adequately insuring their hotels.

Hotels and pubs share a number of similarities; one such similarity is that a single insurance claim from a hotel guest that sustained an injury on hotel grounds could prove to be catastrophic for the hotel’s business.

This is because any accidents that occur on hotel premises signify that a hotel has not been diligent enough with their risk assessment and health and safety procedures.  This can ultimately result in numerous financial difficulties for the hotel.  According to a spokesperson from corporate insurance broker, Todd & Cue, most hotel insurance packages are designed to include a wide array of protection and cover against the most common eventualities;this includes insurance for flood damage, theft, vandalism, stock, fire, contents, accidental damage, contents, and electronic equipment.

Fortunately, if you are the owner of a pub, restaurant or hotel in the U.K., it is possible to dodge the proverbial minefield of business insurance by contacting an online corporate insurance broker.  Firms such as these have a team of highly skilled insurance specialists and risk consultants, who will be able to discuss relevant pub, hotel, and restaurant insurance policies with you. 

Photo by: Brokentaco