Femi Falana was a St. Michael's School student from 1963 to 1968. After finishing from this school, Femi Falana attended Sacred Heart Catholic Seminary from 1971 – 1975, He began his legal practice in 1982. After finishing his law practice in 2012, Femi Falana became a Senior Advocate in Nigeria. He graduated from the then University of Ife, now Obafemi Awolowo University Ile Ife Osun State.

He is a Principal Partner at Falana and Falana Chambers which he runs with his wife, Funmi Falana. He contested and lost the governorship election of Ekiti State in 2007 on the platform of the National Conscience Party, a party he served as National Chairman in 2011

He is the father of Falz, a popular Nigerian rapper, singer, online comedian and actor and husband to Nigerian women's rights activist Funmi Falana. He belongs to many professional bodies: West African Bar Association, Member, Nigerian Bar Association and Member, Fellow of the Nigerian Institute of Chartered Arbitrators (NICArb), West African Bar Association, Member, Pan African Lawyers Union and Member, International Bar Association.