This is a MUST listen podcast. I’m a firm believe in insuring the ‘money machine. If you are not insuring the ‘money machine’ you are making a major mistake.
Many lawyers don’t understand why they are perceived as better (or worse) than the next lawyer, what their true value is to the client and why they are (or are not) worth their fee. And if they don’t know, how are potential clients to know? And when clients don’t know why a lawyer is worth their fee, they will shop on price. Period.
There was a recent posting on Above The Law discussing Benjamin Barton’s new book, Glass Half Full: The Decline And Rebirth of The American Legal Profession . The highlight and discussion catalyst was the chart that compares what a solo earns to what a Big Partner earns. It’s pretty dramatic. Let’s find out the truth.
Legal Analytics, at first blush, is about as exciting to the busy solo as watching paint dry. But the truth is it is the secret to a successful practice. I know most of you immediately want to say, ‘I have no time for this.’ But you need to make time for it. Jared and I […]
For the most part, lawyers, especially the more seasoned lawyers, are always pleasant and professional outside the courthouse. Do lawyers battle inside? Of course, but it is usually nothing other than showmanship in front of the judge and as soon as they leave they are cordial and pleasant and professional. Sometimes the clients didn’t understand lawyers can still be advocating for them but they don’t have to ‘hate’ the other side in order to make their case.
I’ve seen highly respected lawyers with well-read blogs deliberately destroy younger and more vulnerable lawyers knowing full well their comments will impact their target’s long term reputation and be a permanent fixture on their digital resume. I’ve seen a lot of lawyer-on-lawyer ugly in the past eight years.
My father was a huge supporter of my dream to build Solo Practice University. My biggest fan. A little over two months ago, my Dad died suddenly from a (undiagnosed) burst aortic aneurysm. He died just 13 days shy of his 83rd birthday. It doesn’t feel right not to share some words which will remain in the digital ether forever, especially on this first father’s day without his physical presence.
You’re a solo practitioner. It’s approaching summertime and you want to take a well deserved vacation with your family, whether a beach on an isolated island, hiking the Grand Canyon or a staycation tech-free. Can you do it? Who will take care of our clients?
Sometimes what stops a lawyer (new or old) from starting a solo practice is not fear about knowing the law or finding mentors. It’s about affording to go into practice. Health insurance is a big part of the ‘affordability’ question. It is for all self-employed people. It is for me, too.