Did you know the World Health Organization has classified ‘Burnout’ as a health issue? Did you know that burnout is not based on the number of hours you work but the quality of those hours? Cynthia Sharp and Becky Howlett founded legalburnout.com, a resource to help solo and small firm practitioners navigate the emotional roadmap of solo/small firm practice to keep you healthy and grounded through a pandemic and the rest of your lives. This information-packed podcast will have you taking action immediately to help ground you and elevate you at the same time. Listen and learn.
Statistics Support There is Much At Stake
It is imperative your law practice be in control of client contacts (or touchpoints) and set the tone (and extend your brand) early because the backlash can be swift and costly. According to a BIA/Kelsey report, phone calls influenced more than $1 trillion in consumer spending in 2019. The average American tells 15 people about a poor experience—and you’ll feel the impact on your business in large part because of the power of the internet. As I’ve discussed before, the internet has made it extremely easy for a dissatisfied client to share negative reviews about your firm with some furious keystrokes and one final push of the ‘enter’ key. Read on….
Many solos don’t know how to value and sell their law firm because most solos don’t understand the value of what they’ve created even when they are no longer a part of the firm. Listen and learn how to value and sell your solo practice. Know how to create a succession plan.
2020 has been filled with unprecedented craziness. We’ve read about walking sharks*, asteroids heading our way**, chocolate snow falling in Switzerland***, and even a nudist in Germany chasing a wild boar who stole his iPad**** And this is just the tip of the iceberg. So, it’s now back to school time and school is shaping up to look very different for everyone.
Solo Practice University school has always been online and safe and secure from your home or office or home office! However, we also know that finances are a little tighter than normal due to events impacting us all. 2020 will eventually end and we will welcome a brand new 2021. But until then, get armed with the knowledge you need to creatively build an exciting and profitable practice.
In keeping with our mission of making life and practice more affordable, we’re making it easier than ever for you to join Solo Practice University.
What’s in a name? Everything. How do you build your brand with your solo/small firm name? What limitations are there for law firms? Many! This is a very interesting discussion and, as always, we have fun as we teach. Listen and learn.
2020 is proving quite the year and we’re only in the 2nd Quarter! What we are experiencing now is unlike anything we have seen in our lifetimes. Yet, life must go on and so must your practice. But how do you practice in the age of pandemics? Jared and I discuss the changes, the modifications, both technical and emotional. How do you pivot your marketing so as not to be insensitive but more human? What technology must you use now? How do you handle it all without falling apart? We answer these questions and more so join us. You’ll be glad you did.
No matter the size of your law firm, maintaining a positive cash flow is essential. The most successful law firms use a variety of best practices to manage their finances effectively, many of which can be implemented relatively quickly. We’ll lay out three different ways you can make small changes to your practice that result in a significant positive impact on your bottom line.
In order to grow, solos will need to delegate legal work to paralegals, administrative staff, free lance lawyers and associates and any vendor you hire on your behalf. Even hiring a marketing firm! But do you really know the ethics surrounding delegation of work you are ultimately ethically responsible for as the the owner of your law firm? This is a critically important topic. Listen and learn.
Your agent told you that you don’t want to have a clause in your policy called “The Hammer Clause.” No, it’s not a Pro-Wrestling move and no, you won’t find the term anywhere in your policy. The Hammer Clause is a term of art for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. And you need to understand it. It could mean your career.
Is the billable hour in its final death throes? If so, how do we deal with this while we build our practices? Of course, people have been saying this since last century. Listen and learn Jared’s unique take on this perennially hot button issue.