Thinking of attempting to go solo - am I just doing the "grass is greener" thing?
I'm a third year associate attorney at a small law firm in a mid-sized city doing hyper-specialized real estate development and financing work. I don't dislike it at all. The pay is fine, it has extremely reasonable billable expectations, and the people are supportive. The issue is that I absolutely despise billing for other people and having little control over my work. I am realizing how much I crave agency and control over my practice. I feel immensely unmmotivated and dissatisfied despite the seemingly good situation I am in (and to be clear, in many ways it is good!). This is my second firm - I was at my previous firm in a related practice area for two years, was laid off, and started here only a month later.
In my free time, I volunteer as an organizer for a group I am helping to get off the ground for an issue I care passionately about. Simultaneously, I am attempting to invest in my own real estate. When I'm building my own thing (whether it is the activism group or a side-business in real estate investment), my motiviation and enthusiasm is through the roof. This is what I believe is missing.
Thus, I'm seriously contemplating transitioning into a solo estate planning practice. I'd stick with real estate, but lawyers aren't required for real estate transactions in my state and quite frankly, I don't feel skilled enough to market myself within the niche I'm currently practicing in. Estate planning is appealing in part because I would be working with real people (as opposed to quasi-government entities as I currently do). I could charge flat fees, I could design my own business entirely, and I envision it feeling much more like plying my trade than grinding in a cubicle. Additionally, I could choose the amount of clients I work for - if I wanted to have less than a full caseload, that would be entirely my choice. I could actually take a vacation.
The plan would be to slowly begin to build skills in estate planning (or whatever it ends up being) and begin to create a business plan over the next year while leveraging my network for mentors. I know it won't happen overnight. That said, am I being unrealistic or naive? I haven't been an attorney for that long, and in many ways I still feel like a first year. Would it be better to just stick around at my firm for a while longer?