Your Law Firm - Lee Rosen of Rosen Institute How to lose money on a case
Mar 20, 2025
Discover insights from a trip to Yogyakarta, highlighting its culture and spectacular temples. Uncover the latest tools in Microsoft 365 and Google Workspace that enhance team communication and efficiency. Learn why grasping the true costs of legal cases is essential, as many firms risk relying on cash flow over profit. Delve into the financial hurdles lawyers face, especially in immigration cases, and explore strategies for better pricing and sustainability in legal practices.
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New Productivity Features
- Explore Apple's new 'Invites' app for managing personal and professional events.
- Google Workspace users should leverage the upgraded Google Chat, including polls, surveys, and huddles.
Immigration Lawyer's Cash Flow Problem
- Lee Rosen spoke with an immigration lawyer charging fixed fees for long-term cases.
- After calculating the time spent, they realized the lawyer was operating on cash flow, not profit.
Avoid Unprofitable Work
- Know your numbers: calculate the actual cost of each case, including time spent.
- Adjust fees to reflect the true cost or reduce time spent, potentially by using tools like CRMs and AI.