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:
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.
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.
This really is the elephant in the room, isn’t it? If my law practice was so successful and I was making more than a million dollars a year in revenue, and only working a few days a week… Why in the world did I file bankruptcy?
I discovered the following 13 mistakes after nearly bankrupting my own law practice (and life) by following the traditional law practice-building advice. That was years ago now, and since then I’ve helped thousands of lawyers learn from my mistakes.
