CARES ACT UNPLUGGED - What's in the CARES Act for Law Firms

Uncategorized Mar 31, 2020

On Friday, March 27th, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Act or the CARES Act. This episode is a re-purposed Facebook Live that goes into all the items in the bill that are relevant to a law firm owner.

  • 2020 Recovery Rebate for Individuals - Learn how they will determine who gets this credit and when you can expect it.
  • Delay of Certain Deadlines - Tax filing and payment deadlines extended to July 15, 2020.
  • Special Rules for use of retirement funds - Find out about increased loan allowance, ability to withdraw funds penalty free and ability to withdraw funds and re-deposit within 3 years.
  • Allowance of partial above the line deduction for charitable contributions - even if you don't itemize, you can deduct $300 in charitable contributions.
  • Loans, loans, loans - learn the difference between the EIDL (Economic Injury Disaster Loan) and the PPP (Payroll Protection Plan) Loan and what steps you should take today.
  • Relief for Student Loans -...
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Working from Home with Kids - Law Firm Growth During COVID-19

Uncategorized Mar 30, 2020

Business owners already working from home with kids underfoot. Experts in home-schooling, working from home with kids, kids entertainment, etc. share their top tips with you.

Our Expert Panelists: Heather Trick Ostroff, Mariana Ruiz, Serena Ryan, Gyi Tsakalakis, Alexis Neely, Michael Whelan, Ariana Sylvester

 

Resources mentioned:

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

 

Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19

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Employees - How to Keep Them - Law Firm Growth During COVID-19

Uncategorized Mar 28, 2020

Law Firm Growth During COVID-19 Daily Liveshow Day 4!

Here are the top tips from Moshe and our guest experts: Molly McGrath, Gyi Tsakalakis, and Dina Eisenberg

 

Molly McGrath

Give your employees time and attention.

  • Have daily huddles
  • Have a virtual retreat
  • Over communicate
  • Make sure they know what’s going on
  • Have real, honest conversations with them
  • Work together

 

Dina Eisenberg

Work on your emotional resilience.

As a leader, if you’re anxious and afraid, everyone will feel that and it will fuel their own fear. Now is the time to check in with yourself and be aware of how you’re feeling. You can ask yourself the following questions that will likely ease your fears:

  1. Why am I so worried?
  2. What's the likelihood that the worst thing I think could happen would happen?
  3. If that thing happened, how likely is it that I could find a solution?
  4. Well, how would that be solved?

Asking these questions will help shift your mind from passive fear to empowerment and...

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Marketing Strategies To Put You Ahead - Law Firm Growth During COVID-19

Uncategorized Mar 26, 2020

Shownotes can be found at https://www.profitwithlaw.com/076.

What do you get when you put a bunch of heart-centered marketers in a room together during a national social distancing pandemic response?

You get a swiss army knife of marketing tactics to implement today and in the future. You must listen to this episode!

Our amazing expert panelists: Andy Stickel, Maddy Martin, Jordan Ostroff, Gyi Tsakalakis, Mark Homer, Bill Hauser, Alexis Katz and Molly McGrath

Resources mentioned:

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

 

Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month...

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The Largest and Hidden Expense of Your Law Firm and How To Tame It with Boris Musheyev

Uncategorized Mar 26, 2020

You may think that rent and payroll are your 2 biggest expenses in your law firm, however, if they are not in excess of 50% of your profit then there is an even bigger and hidden expense - you guessed it, your taxes!

Boris Musheyev, CPA specializes in helping law firm owners with their tax strategy and he has a great discussion with Moshe regarding those strategies. He also ventures into current cash constraints due to the COVID-19 pandemic and how to overcome these challenges with strategic actions to take today.

 

Resources mentioned:

COVID-19 LiveStream Signup - https://www.profitwithlaw.com/covid

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].

 

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Managing Stress and Staying Positive - Law Firm Growth During COVID-19

Uncategorized Mar 25, 2020

Do you need good strategies to manage your stress levels during these stressful times? Do you have trouble focusing on the positive areas of your life and the future the world will bring? In this Livestream replay our panelists share great tips and tricks to solve this important issue.

We also had a great question from Melissa Pierce a family lawyer dealing with lots of clients dumping their own stress on her. This sparked an amazing discussion of coping, boundaries and ideas.

Our discussion panelists are: Wendy Collier, Shauna Gaus, Ali Katz, Michael Whelan, Andy Stickel and Molly McGrath.

 

Resources mentioned:

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

 

Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier...

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Serving Clients While Social Distancing - Law Firm Growth During COVID-19

Uncategorized Mar 24, 2020

Shownotes can be found at https://www.profitwithlaw.com/073.

Serving Clients While Social Distancing is a live expert panel we hosted on March 23rd. The expert panelists were Maddy Martin, Jordan Ostroff, Lindsay Jani, Gyi Tsakalakis, Neil Tyra, Ali Katz and Melanie Leonard.

Discussions covered everything from technology solutions to productivity pointers and personnel concerns. This is a must listen to discussion if you find yourself working primarily away from the office and from clients for the first time.

Resources mentioned:

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

 

Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in...

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Everybody Needs To Eat Lunch with Jordan Ostroff

Uncategorized Mar 19, 2020

Marketing is an art and a science and many firm owners want help with their marketing. In today’s interview, we cover a variety of marketing topics including the importance of having a system to track and automate the process, knowing your metrics and good old networking.

Jordan Ostroff is a law firm owner and also the owner of LegalEase Marketing a marketing agency for law firm owners. Moshe and Jordan have a light and fun conversation around different marketing strategies including what someone early in the firm growth journey should do as well as a firm with $5,000 or $50,000 to spend each month.

 

Resources mentioned:

Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Date

Time (EST)

Topic

3/23/20

12:00 PM

Serving Clients While Social Distancing

...

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Navigating Beyond The Fear

Uncategorized Mar 17, 2020

As the fear of COVID-19 grips the world, law firm owners are left wondering how to navigate it all. In this special current events edition of the Profit with Law podcast, Moshe Amsel goes deep into law firm survival during these trying times.

  • Should or can you close your office?
    • If not, what kind of precautions can you take?
    • If yes, are you set up to operate remotely? What do you need for a successful remote or virtual office?
  • Will you continue to have clients, will your business/revenue be affected? Are you affected by court closings? Are your typical clients susceptible to the economic environment and downturn/recession?
  • If you expect a decrease in clients and/or revenue, you need to take quick and decisive action by cutting costs. This includes delaying payments in the short term and permanently reducing costs that aren’t sustainable for long - this includes rent, payroll, and subscriptions.
  • If you want to keep costs and you will have a cash crunch you need to analyze...
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Human Resource Issues - What a Small Firm Needs To Know with Barry Ackerman

Uncategorized Mar 12, 2020

There are 2 sides to human resources - on one hand, there are compliance requirements and we need to ensure that we remain on the right side of the law. On the other hand, we want to build a cohesive team that pulls the firm forward, everyone heading in the same direction.

Our guest on the show today is Barry Ackerman of Supportive HR. The discussion covered a variety of relevant topics related to HR in a small business. This is a valuable episode for any law firm that is growing and adding staff.

 

Resources mentioned:

Supportive HR Website - supportivehr.com

Book a Free Coaching Session and Also Learn More About the 90 Day Law Firm Turnaround Group Coaching Program - https://www.profitwithlaw.com/freecoaching

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].

 

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