Maximum Lawyer 6 Things To Get Ready To Start the New Year
Watch the YouTube version of this episode HERE
Are you a law firm owner or attorney that needs help in reflecting for the new year? In the final Maximum Lawyer Podcast episode of the year, Jim and Tyson reflect on 2023 and share recommendations for the upcoming year.
Jim and Tyson share their thoughts on what attorneys should think about as they enter the new year. In relation to financial management, Jim emphasizes the importance of spending money that is just sitting there. This money could go towards the employees, such as bonuses for the holiday season or gifts to show appreciation. Other ways to spend that extra money is to invest in more office equipment, especially if a firm is expecting to hire in the new year. Jim suggests spending money on paying vendors up front for monthly subscriptions or softwares, as many companies provide discounts to firms that do.
Jim and Tyson also delve into the benefits of reflecting on the past year as well as what to look forward to for the upcoming year. The time between Christmas and New Year’s is the best time for this reflection. Jim suggests that listeners get a pen and paper and write about the great things that happened this year and what you want to see for yourself in the upcoming year. As law firm owners, Jim and Tyson see this as a great way to really envision what a practice will look like and what needs to be done to ensure a firm reaches the next milestone.
Law firms are always busy and usually have dozens of cases occurring at the same time. Tyson suggests getting rid of cases you don’t want anymore as a way to lighten the workload for staff. It is important to look at those files that can be resolved by the end of the year and get them done. Any cases that can’t be resolved need to be off the roster. Don't be afraid to fire clients or employees to make things easier for the firm.
Listen in to learn more tips for the new year!
1:11 The importance of reflecting on the past year
5:46 Improving financial aspects of an organization
6:45 Reflecting on the year
10:51 Getting rid of cases that are no longer desired or valuable
Jim's Hack: Read the book “Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet” by: Taylor Lorenz. The book goes into the history of social media and understanding the different platforms that exist currently.
Tyson's Tip: Clean your office. Cleaning your office and organizing your shelves is a great way to declutter for the New Year, that way 2024 will be the best year yet.