Love Your Law Firm with Jordan Ostroff


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In this episode of the New Law Podcast, we get to hear the story of Jordan Ostroff

A once struggling lawyer who found himself drowning in debt while trying to balance his family and law practice. He managed to turn it all around by evolving his firm into a successful business that no longer depends solely on him. Co-founder of Driven Law with his wife, Jordan reveals how he emerged from the brink of burnout to becoming a thriving law firm owner and author of "Love Your Law Firm." Host Ali Katz digs into his journey from prosecutor to business-savvy firm leader, uncovering how lawyers can build a business they love by focusing on effective strategies that go beyond the traditional legal practice.

Key Takeaways:

  • Transition from Lawyer to Entrepreneur: Learn how Jordan transitioned from being a prosecutor to running a successful PI law firm, focusing on the business aspects of law which are often neglected in traditional law education.
  • Building a Firm That Runs Without You: Jordan discusses how creating systems and processes allows the firm to operate efficiently without his constant presence, highlighting the benefits of having a clear division of roles within law firm partnerships.
  • Work-Life Balance: The episode touches on the significance of maintaining a work-life balance and how taking time off for a 13-month road trip with his family was made possible by the firm’s robust operational structure.
  • From Personal Brand to Broadened Business Model: Insight into Jordan’s decision to rebrand from "Jordan Law" to "Driven Law" to create a sustainable business model that is not overly dependent on his personal brand.

This episode provides invaluable insights for any lawyer looking to transition from traditional practice to a more entrepreneurial approach, ensuring their law firm is not only a place of work but a business they truly love.

 

Time Stamps

05:02: Jordan shares how he met his wife, Heather, and how they worked on opposite sides of the legal field before starting a business together.

06:48: Jordan talks about their approach to defining roles in the firm to avoid conflicts, leading to business and legal sector separation.

21:34: Jordan explains his extensive experience with marketing strategies, noting the importance of having a solid sales process and the capacity to fulfill services before significant marketing investments. 

31:15: Jordan discusses how he was able to go on a 13-month road trip with his family while his firm continued to thrive, hitting their goals and KPIs without his daily involvement 

 

Transcript


Ali Katz:
Hello, and welcome to the NewLaw podcast where we guide entrepreneurial lawyers to build law practices into businesses they love. I'm Ali Katz. In today's episode, we are talking to Jordan Ostroff about his inspiring journey from being a prosecutor to founding a successful personal injury law firm now run by his wife while he works with law firm owners on how to love their law firms. And just finished a book, "Love your law firm". You're going to hear how he's helping lawyers nationwide find professional success and personal fulfillment, and how he was able to take off close to a year to travel with his wife and child. So if you're at all feeling burned out or unsure about how to turn your legal practice into a fulfilling business, this episode is for you. Join us and listen to a great conversation. An inspiring conversation with me and Jordan. Let's get into it.

Ali Katz:
All right. Hey, Jordan.

Jordan Ostroff:
Hello.

Ali Katz:
Good to see you today. Thanks so much for joining me.

Jordan Ostroff:
Yeah, no problem. Happy to be here.

Ali Katz:
So you just wrote a book that is very near and dear to my heart, title wise. "Love your law firm" book. And it's near and dear to me, very specifically because I have talked for a long time about loving your law practice. And when I read your book, I thought, uh oh. I need to make sure that what Jordan's talking about is it aligned with what I'm talking about. And it did, and it was so spot on. So thanks for joining me here today to talk about that and your history of figuring out how to love your, your law firms.