With record unemployment due to the coronavirus, the writing is on the wall. We’re headed into a great economic upheaval – recession, depression, or a new economy altogether. We can’t predict quite yet, but you might not be able to shake the feeling that bad financial times are ahead for you. But not so fast. …
Recession-Proof Your Law Practice and Thrive in Any Economy Read More »
The worst thing that you could be right now is what we call a door lawyer. A door lawyer is a lawyer who takes whatever walks in the door because they think that they need to in order to keep the lights on. And that might include you.
Over the past 15 years, I’ve trained more than 2,600 lawyers on how to build lives and law practices they love, and today I’m here to share with you the number one mistake I see lawyers make in high-pressure times like these. This is a mistake that is the most likely to cause long term …
Last week, we gave you 4 reasons to rethink hourly billing in your law practice. Today I want to talk about the flat-fee pricing model, as many lawyers think that’s the answer to making law practice work, but in some cases, providing flat-fee legal services can be even worse than hourly billing.
Chances are you already know this. You struggle to capture all of your time. You spend the end of the day going through your time records to ensure that you’ve billed your clients for every minute you can. And, like every other attorney, you probably hate doing it. Yet, what other option is there?
A friend of mine posted on Facebook about a grinch lawyer who ruined her Christmas by dropping work on her desk Christmas Eve morning that had to be completed by the end of the day. It reminded me of a story about a client of mine who was shocked to discover he had turned into …
What Type of Lawyer Should I Be?
– A Christmas Story Read More »
Many people don’t believe it. Even lawyers are known to scoff at it. But many of you know the truth — you go to law school, spend a small fortune and come out to find the pickings are lean. Looking deeper than 6 figure school loans and the trend of fewer Big Law positions available …
We all know that legal services are being commoditized more and more. We see the new online Wills and Trusts and “Netflix of Law for Businesses” services popping up every day.
Given these times of turmoil and uncertainty, if you are anything like me, you may be wondering if you are doing all you can to help. You may be wondering if you are using your law degree to fulfill your purpose as a helper, a healer, a counselor, and a guide.
One of the lawyers in our New Law Business Model coaching program recently asked us to help her decide between 4 different potential business models for her law practice. She wanted to know how much money she could make if she were working five days a week under the following scenarios:
