Some time ago, New Law Business Model hosted a webinar for the American Bar Association Young Lawyers Division about ‘Why Estate Planning is the Best Practice Model for Young Lawyers.’ If you didn’t get to see it, you can watch that webinar here.
The silver tsunami is coming. Between now and 2061, an estimated $59 trillion will be transferred from 93.6 million American estates to the future generations. That’s a whole lot of clients who need you.
I have a new book coming out this fall! And, I am so excited to share it with you because it’s the culmination of nearly twenty years of asking myself the questions that you may be asking yourself, too:
In this article, you will find an important consideration for all lawyers, no matter what your practice area is. According to survey data from the American Bar Association, as of mid-2018, there was a total of 1,338,678 licensed, active attorneys in the United States. Along with the sheer volume of lawyers in this country steadily …
The ‘Must-Have’ Conversation to Boost Your Law Practice Profitability Read More »
With the virtualization of business becoming more prevalent in this day and age, NLBM is often asked if it is possible to build a thriving virtual law practice without a consistent brick and mortar location. The answer is a definite yes. However, there are specific things you will need to do for your virtual law …
Six Keys to Success for Running a Lucrative Virtual Law Practice Read More »
Chances are, you are providing a tremendous amount of free legal counsel, and getting paid a meager amount for what clients can do themselves while giving away your most valuable service. It’s time to stop doing that.
Inheritance is so much more than just the money that you leave behind when you die. Estate planning, when done right and well, can be a gateway to understanding the meaning of life and death, and open up a whole new level of family connection, harmony, health, and well-being. When estate planning is done wrong …
Life, Legacy, and The Impact of the Estate Planning Process Read More »
Whether you are choosing your practice area, looking for an additional revenue stream for your law practice or want to get out of a law practice area you detest, there is one niche in particular that you should consider. Estate planning.
There is no faster path to a law practice you hate that drains your life energy (and your bank account) than spending a lot of time marketing, only to attract clients who leave your office without writing you a check.
You’ve heard me say it here repeatedly, the traditional law practice model is broken. And, if you do not make a change in the way you practice law and serve clients, you are going to get caught behind the 8-ball, and keep struggling and maybe even give up the practice of law altogether.
There is a reason most law practices fail, even those that appear to be successful for the lawyers that own them. It’s not bankruptcy. It’s not the sudden loss of a partner or leader. Nor is it fraud or wrongdoing. It doesn’t even look like a regular business failure.
In this blog post — the second in our series (read the first post here) —I’m going to let you know the fast and easy way to get started with the Life & Legacy Planning Model in the next 60 days, so you can practice law in a way that you love and enjoy…
