3 Years of Profit with Law Podcast - The Very Best Of

Uncategorized Mar 31, 2022

In this episode, Moshe Amsel is excited to celebrate the 3 year anniversary of the Profit with Law Podcast! For this special anniversary episode, the Profit with Law team has compiled highlights from the most popular episodes. These soundbites are the best of the best and you don’t want to miss it!

 

7:12 - Episode 221 - Grow Your Law Firm Using Task Management for Teams with David Zumpano

 

13:51 - Episode 184 - Pricing, Profits, and Payment Plans with Richard Formoe

 

19:34 - Episode 56 - Live Marketing Q&A from the Law Firm Growth Summit Day 1 with Mark Homer, Gordon Firemark, Charles Krugel and Neil Tyra

 

24:46 - Episode 164 - A Lawyer’s Path to Wealth with David Bitton

 

30:43 - Episode 232 - Profit from Business: The Value of Understanding Your Numbers with Brooke Lively

 

35:20 - Episode 128 - Doubling Your Revenue with Virtual Staff with Brett Trembly

 

40:33 - Episode 166 - Hope is Not a Good Strategy for Growing Your Law...

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Replay - Paying Off $450,000 of Debt and Catapulting Financial Success with Marco Brown

Uncategorized Mar 29, 2022

Many law firm owners struggle with money, so in this episode Moshe interviews Marco Brown, owner of Brown Law, a divorce law firm in Salt Lake City, Utah. With his experience of 10+ years owning his own firm and getting out of $450,000 of personal debt, Marco shares his best advice for new law firm owners and law firm owners who’ve had their firm for many years. Listen now to learn about Marco’s two key ingredients for gaining control of your finances.




Resources mentioned:

 

Episode 129 - Best Of: Why Choosing a Niche Will Skyrocket Your Firm - profitwithlaw.com/129

 

How to contact Marco - [email protected]

 

Living Forward by Michael Hyatt and Daniel Harkavy - https://www.profitwithlaw.com/livingforward

 

Financial Peace University - https://www.daveramsey.com/fpu

 

The Total Money Makeover by Dave Ramsey - http://profitwithlaw.com/moneymakeoverbook

 

Profit First by Mike Michalowicz - ...

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Staffing as a Cultural Foundation in a Law Firm with Andrew Wilcox

Choosing the right people for the job is a difficult — yet necessary — task, most especially in a law firm. Human capital is one of the most important growth factors for a business. Oftentimes, employees are hired for their education and training but rarely do companies get to assess an individual’s personality, which can say a lot about how they communicate with colleagues and potential clients. We cannot just hire attorneys for their skills; we need employees that are good for our firm’s culture. 

In this episode, Andrew Wilcox joins us to talk about his experience in growing a legal search and consulting firm. He discusses the importance of quality staffing, along with the challenges law firms face when it comes to employee retention. He also highlights the need for a skilled leader to keep teams intact.

If you want to know more about selecting the right people for your firm, then this episode is for you.

Here are three reasons why you should listen...

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Women Empowerment and How to Avoid These Two Common Mistakes with Jaimee Hall

Running a law firm always comes with tough challenges. It is not enough to know you need to make tough decisions; you also need to know how to make correct ones. You’ve got to ask the right questions: How do you enact women empowerment? When should you hire vs when should you implement more technology? What data do you need to look at?

In this episode, Jaimee Hall joins us to discuss the two most common mistakes of law firm owners: not maximizing their use of technology and not tracking important metrics. She talks about how you can make the right calls that will elevate your law firm. Jaimee also shares the key metrics you should track and the importance of strategic planning. Lastly, she offers insights on women empowerment in the legal industry.

If you want to gain confidence in making tough decisions that will elevate your law firm, then this episode is for you.

Here are three reasons why you should listen to this episode

  1. Learn about the common mistakes you should avoid...
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Celebrating Episode 300 with Podcast Listener Questions

Uncategorized Mar 10, 2022

For the 300th episode, Moshe celebrates by answering questions from our listeners:

5:34 Barbara: If you have a small solo PI Law firm with a Marketing Budget of $2,000/month, what marketing channels would you suggest for such a small budget?
18:20 Beverly: What was your favorite episode you shot out of the 300?
23:46 Bob: How does one get free life without burnout?
28:59 Mc’Maclon: What are the secrets of becoming a solopreneur?
33:15 Eric: With inflation as high as it is, how do we make sure our rates are competitive, fair, and aligned to what the market is?

Resources mentioned:

 

Episode 49 - Getting Over 1,000 Google Reviews with Sam Mollaei - https://www.profitwithlaw.com/049

 

Four Hour Work Week by Tim Ferriss https://www.profitwithlaw.com/4HourWorkweek



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 ...

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Why Becoming Less Risk Averse Can Unlock Your Success

Uncategorized Mar 08, 2022

Starting your own law firm is one of the riskiest decisions you can make. However, most firm owners start their firm because of circumstance and not because they evaluated the risk. So, even if you took the risk to start your own firm, you may still be risk averse and if you’re risk averse, that will hold you back from making the decisions you need to make in order to grow your firm.

In this episode, Moshe Amsel talks about risk and how to achieve the right balance of risk taking. He explains the difference between unhealthy risk taking that can cost you your firm and healthy risk taking that will catapult the growth of your firm.

 

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].

 

Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - ...

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Replay - Understanding the Value of PPC Marketing for Your Firm with Adam Arkfeld

Uncategorized Mar 03, 2022

Marketing is often not a top priority for many lawyers or law firms. However, understanding why marketing is important is crucial for the growth of your firm.

If you’re searching for a marketing agency but are hesitant to invest a large sum right away, we have the perfect solution for you: pay-per-click marketing. It ensures that your investment yields value in the form of leads. From there, you just need to make sure that your intake process can take them from start to finish. 

In this episode, Adam Arkfeld joins us to talk about how pay-per-click marketing works to generate leads, helping businesses grow their clientele. He also reminds us that marketing should be backed by a strong intake and follow-up process to show results. 

If you want to know more about why pay-per-click marketing is important and valuable for your law firm, then this episode is for you.




Resources mentioned:

 

This episode is sponsored by Smith.ai. Curious how you can use a...

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Invest In Your People: The Secret to Success with Chelsie Lamie

When growing a business, it’s crucial to know where to invest. While most companies allocate their resources to marketing, technology, and social media, there is one critical component that some firms neglect to invest in — their employees. What these companies fail to realize is that investing in their employees contributes significantly to the organization's success. If business owners fail to value their employees, their company may not progress.

In this episode, Chelsie Lamie joins us to share her humble beginnings and explains why she moved from America to Mexico. She also discusses the importance of investing in people and imparts the best practices she employs to keep her staff motivated. Finally, she explains why leadership is not similar to micromanagement and why empowering people you work with is key to a successful law firm. 

If you’re an entrepreneur looking for ways to motivate your employees, this episode is for you! 

3 reasons why...

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Accelerate Your Firm's Growth By Getting Out of The Way

There can be many reasons why a law firm owner will struggle financially and work 60-80 hours per week. The biggest one by far is because the average law firm owner is doing too many things to the extent of becoming counter-productive.

 Operating a law firm is not a one-man show. You could be the most talented and effective leader, but that doesn’t matter when you can’t leverage your billable hours. Hiring people is an ideal option if you’re striving to increase your revenue or expand your law firm. How can you tell if it’s the right time to hire employees and determine which positions to fill?

In this episode, Moshe lays out why the progress of your law firm remains static. Then, as aspiring law firm owners, you’ll learn the essence of effective task delegation to free your time from non-billable work. Start paving your law firm’s path to success by hiring the right people at the right time.  

If you want to know more about hiring...

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The Secrets to Becoming a Successful Solopreneur with Jess Birken

It takes tremendous effort to start a law practice on your own. You'll need a well-thought-out business strategy that tackles all the administrative and technical matters of the company. It’s reasonable to think that all of these responsibilities may seem overwhelming. Nonetheless, there are a few things you can do to ensure that your solo practice is a success.

In this episode, Jess Birken joins us to talk about how she became a solopreneur. She also shares the three keys to having a profitable law firm and explains why companies need to embrace outsourcing and automation. Finally, because every legal firm is a business, Jess reminds us of the golden rule for pricing your services.

If you're an attorney thinking about beginning your own solo practice, this episode is for you!

Here are three reasons why you should listen to this episode:

  1. Learn the importance of delegating responsibilities to save time.
  2. Discover how to run a successful solo practice.
  3. Unlock the three secrets...
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