Profit with Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/464.Are you looking to cultivate strong leaders within your law firm?Join Moshe Amsel and Karen Colligan, leadership development expert and founder of PeopleThink, as they dive into the critical aspects of effective leadership. In this compelling episode, they explore the importance of self-awareness, cultural comprehension, and specific competencies in successful leadership. Karen emphasizes the need for clear leadership expectations, regular self-assessments, and robust development plans, all while sharing how to set up a 360-degree feedback process for evaluating leadership potential.Listen now to discover techniques for building and nurturing exceptional leaders in your law firm!Chapters:[00:00] Introduction to Karen Colligan[05:36] How Can Law Firms Find and Shape the Right Talent for Leadership Roles?[10:45] Assessing and Choosing Your Next Law Firm Leader[21:24] Preparing Future Leaders: How to Develop and Empower Leadership in Your Law Firm[28:51] Measuring Success and Providing Feedback[35:36] Transitioning Leaders: How to Move Someone Out of a Leadership Role Without Losing Them[38:50] Karen’s Parting Piece of AdviceResources mentioned:Registration for the Law Firm Growth Summit 2025 is now open! Reserve your FREE spot now!Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereConnect with Karen Colligan: LinkedIn | YouTube | Facebook | X (Twitter) | InstagramPeoplethink WebsiteKeep It Real Leadership Let’s Talk Leadership PodcastLumina SparkJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/463.Struggling to maintain consistent cash flow and effective case management in your law firm?Join Moshe Amsel as he interviews John Scott, partner at Anders CPAs & Advisors, and Kip Bilderback, lawyer and business owner, on the latest episode of the Profit with Law Podcast. Discover the importance of standardizing billing processes, enforcing accountability through incentives, and utilizing tools like QuickBooks for accurate financial management. John and Kip share their insights on dynamic forecasting versus static budgeting, preemptive hiring strategies, and defining your firm's vision for growth. They also discuss practical steps for smaller firms to improve financial stability and the need to document business processes.Listen now to learn how to turn your firm's financial and operational challenges into opportunities for growth and efficiency!Chapters:[00:00] Introduction to John Scott and Kip Bilderback[04:10] Why Law Firms Struggle: Insights from Fractional CFOs and COOs[10:41] Key Metrics for Law Firm Success[16:59] Law Firm Growth Dilemma: Hire First or Market First?[21:57] A Step-by-Step Guide to Strategic Scaling for Law Firms[28:03] John and Kip’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereConnect with John Scott: LinkedIn | Twitter (X) | Facebook | Instagram | YouTube | TiktokConnect with Kip Bilderback: LinkedIn | Twitter (X) | Facebook | InstagramJudicial Dollars and Cents: A Virtual CFO's Playbook to help Law Firms Create a Financial Roadmap to Success by John Scott Get a FREE digital copy of John Scott’s bookEOS by Gino Wickman Fireproof: A Five-Step Model to Take Your Law Firm from Unpredictable to Wildly Profitable by Mike Morse Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:

Send us a textShownotes can be found at https://www.profitwithlaw.com/462.Are you struggling to keep your law firm profitable as you scale?Join Moshe Amsel and Carla Titus, founder and CEO of Wealth and Worth Within, as they share expert insights and strategies for improving profitability and cash flow in law firms. Moshe and Carla dive deep into the factors affecting profit margins, the importance of strategic financial planning, and the role of technology and efficiency in scaling your law firm business. They also highlight common pitfalls for law firms, from poor cash flow management to inadequate support teams, and how to solve them.Listen now to uncover the secrets to achieving higher profitability and sustainable growth for your legal practice!Chapters:[00:00] Introduction to Carla Titus[04:27] Tackling the Biggest Challenges Clients Face[09:52] Fixing the Cash Flow Crunch: Smart Borrowing and Long-Term Solutions for Business Growth[24:05] What’s Considered a Healthy Profit Margin?[32:39] Knowing Your Numbers: Tools and Insights for Financial Clarity[38:45] Carla’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereTriple Your Revenue And Double Your Profit In 12 Months TrainingConnect with Carla Tutis: Facebook | Instagram | LinkedIn | Personal LinkedIn | TikTokWealth & Worth WithinFathom: https://www.fathomhq.com/Sift: https://www.siftlab.com/analyticsClio: https://www.clio.com/Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/461.Ready to scale your law firm and shift from managing cases to running a successful business?Join Moshe Amsel and guests Charley Mann, Jordan Ostroff, Gina Cotner, Sharon Means, and Craig Goldenfarb in this special “Best of 2024 Mashup” episode, as they dive into the crucial stages of transforming your law firm practice. Discussions cover the challenges law firms face when growing beyond the founder, the essential shift in identity from lawyer to entrepreneur, the benefits of embracing group coaching, and how to hire and manage staff intentionally.Don't miss this golden opportunity to gain valuable knowledge and strategic tips to propel your law firm toward unprecedented growth and profitability in 2025. Listen now and start transforming your law firm today!Chapters:[00:00] Best of Episode 449: The Key to Scaling Your Law Firm: Implementing an Operating System with Sharon Means[10:49] Best of Episode 291: Building the 7-Figure Attorney Mindset and Reality with Craig Goldenfarb[24:01] Best of Episode 412:How to Shift Your Identity from Attorney to Law Firm Owner with Charley Mann[32:50] Best of Episode 445: How to Create a Law Firm You Love with Jordan Ostroff[44:28] Best of Episode 435: Beyond Billable Hours: Leveraging Executive Assistants for Law Firm Growth with Gina CotnerResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereLaw Firm Growth SummitBook a FREE strategy session todayEpisode 449 - The Key to Scaling Your Law Firm: Implementing an Operating System with Sharon MeansEpisode 424 - Best Of: Building the 7 Figure Attorney Mindset and Reality with Craig GoldenfarbEpisode 412 - How to Shift Your Identity from Attorney to Law Firm Owner with Charley MannEpisode 445 - How to Create a Law Firm You Love with Jordan OstroffEpisode 435 - Beyond Billable Hours: Leveraging Executive Assistants for Law Firm Growth with Gina CotnerCore Values Exercise: https://www.taproot.com/live-your-core-values-exercise-to-increase-your-success/Podcast Ep 034 - What's Your Hiring ProcessMindset: The New Psychology of Success by Carol DweckTribe Of Mentors: Short Life Advice from the Best in the World by Timothy Ferriss7 Figure Attorney Summit: Website | Register Now

Send us a textShownotes can be found at https://www.profitwithlaw.com/460.Struggling to design a business model that truly fits your law firm’s entrepreneurial style?Join Moshe Amsel and Jessica Lackey, CEO of Jessica Lackey Consulting, as they dive deep into business design considerations tailored for expertise-based businesses. They discuss the challenges of scaling, why alternative billing models are crucial, and the significance of marketing and authority alignment. Learn how to maximize efficiency, identify and address bottlenecks, and discover the critical role of building strong relationships!Listen now to master creating a business structure that aligns with your goals and positions you for sustainable growth!Chapters:[00:00] Introduction to Jessica Lackey[10:08] The Top Issues Stalling Law Firm Growth[19:53] Measuring What Matters: Building Dashboards that Drive Law Firm Success[32:16] Stabilize and Scale: The Roadmap to a Thriving Law Firm [39:00] Jessica’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereLaw Firm Growth SummitBook a FREE strategy session todayEpisode 026 - The Death of the Billable HourEpisode 459 - Breaking Free from Billable Hours: Reimagining Law with Subscription-Based Legal Services with Mathew Kerbis$100M Leads: How to Get Strangers To Want To Buy Your Stuff by Alex Hormozi10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less by Dan Sullivan and Dr. Benjamin HardyClockwork: Design Your Business to Run Itself Hardcover by Mike MichalowiczConnect with Jessica Lackey: Website | Instagram | LinkedIn | TwitterJessica Lackey ConsultingAggressively Human PodcastJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook -

Send us a textShownotes can be found at https://www.profitwithlaw.com/459.Are you frustrated with the limitations of the billable hour model in your legal practice?Join Moshe Amsel and Mathew Kerbis, the Subscription Attorney and host of the Law Subscribed podcast, as they delve deep into why predictable pricing models like subscription, flat fee, and value-based pricing are revolutionizing client relationships and business outcomes. Mathew shares his journey of transitioning from insurance defense to establishing Subscription Attorney LLC, and how his unique pricing approach offers more value to clients while building sustainable, recurring revenue.Listen now to uncover the future of legal practice and how to implement a subscription-based service model for long-term success!Chapters:[00:00] - Introduction to Mathew Kerbis[12:07] - Scaling Subscriptions: Metrics, Upgrades, and Maximizing Value[29:23] - Building Subscription Models for Every Practice Area[45:00] - Mathew’s Parting Piece of Advice Resources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereLaw Firm Growth SummitBook a FREE strategy session todayLiving Forward: A Proven Plan to Stop Drifting and Get the Life You Want by Michael Hyatt Episode 026 - The Death of The Billable HourConnect with Mathew Kerbis: Website | LinkedInLaw SubscribedSubscription Attorney LLCJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/458.Are you prepared to maximize your law firm's value and ensure a successful sale?Join Moshe Amsel and returning guest Tom Lenfestey, founder of The Law Practice Exchange, as they delve into the intricacies of law firm valuations and preparations for sale from a seller’s perspective. Moshe and Tom discuss essential factors affecting firm valuation, from financial health and branding to the importance of normalized financials and systems in place. They also explore the critical steps needed to prepare your firm for a profitable exit and the role of clean financial records in attracting buyers.Listen now to uncover expert tips for enhancing your firm's profitability and achieving a successful exit strategy!Chapters:[00:00] Part 1 Recap: Everything You Need to Know about Buying and Selling Law Firms with Tom Lenfestey [06:52] How to Determine the Value of a Law Firm[13:08] Calculating the Total Owner’s Benefit[27:39] The Structure of Law Firm Buying and Selling Brokerage[32:42] What Constitutes a Healthy Profit Margin?[36:30] What Factors Influence the Selling Price of Law Firms?[41:22] Beyond the Basics of Law Firm Valuation[47:12] Closing the Deal: Taking the Next Steps with Law Practice ExchangeResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereFractional CFO Services by Profit with LawEverything You Need to Know about Buying and Selling Law Firms with Tom Lenfestey - Part 1Connect with Tom Lenfestey: YouTube | Facebook | LinkedIn | TwitterTom Lenfestey’s Consulting Services: Law Practice ExchangeThe MarketplaceJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/457.Ever wondered how writing a book could transform your legal practice and establish your authority?Join Moshe Amsel and Melanie Herschorn, a book marketing expert and publisher, as they delve into the benefits of book writing for attorneys. With over 20 years of experience in celebrity PR, journalism, and entrepreneurship, Melanie shares her insights on how a well-crafted book can be a game-changer for your professional reputation and business growth. Throughout this episode, Moshe and Melanie cover key considerations, practical tips for busy lawyers, and the financial investment involved in the book-writing process.Listen now to discover how you can start your book-writing journey and stand out from the competition!Chapters:[00:00] Introduction to Melanie Herschorn[04:12] Legal Ink: Why Attorneys Should Consider Publishing Their Expertise[08:00] Is a Book Right for You? What Every Attorney Should Ask Before Writing[17:17] How Much Time and Money Go Into Writing a Book?[24:12] Understanding the Book Writing Journey[30:21] Melanie’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereConnect with Melanie Herschorn: Website | LinkedIn | Facebook | InstagramMeet Melanie VIPKindle Direct PublishingIngramSparkJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/456.Are you struggling to maintain growth and maximize the potential of your Google Business Profile?Join Moshe Amsel and Ben Fisher, Google Business Profile Diamond Product Expert and co-founder of Steady Demand, as they dive into critical strategies for business growth, managing Local Services Ads (LSAs), and navigating Google Business Profiles (GBP). Moshe and Ben reveal how to sustain market leadership, tackle invalid leads with AI-driven processes, and the importance of accurate business information. Listen now to discover the best strategies for safeguarding your business, enhancing lead generation, and ensuring your Google Business Profile remains compliant and visible!Chapters:[00:00] Introduction to Ben Fisher[08:07] What is a Google Business Profile and How to Optimize It[16:18] The Risks in Google Business Profiles and How to Not Get Your GBP Suspended[27:31] How to Get Out of a Suspension[35:41] Best Practices for Google Business Profile Reviews[38:02] What Gets You Verified for Local Services Ads[43:47] Google Sends You Invalid Leads. What Happens Next? [50:39] Ben’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereConnect with Ben Fisher: Website | X (Twitter) | LinkedInSteady DemandJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/455.Ever wondered if your marketing strategy is leaving money on the table?Join Moshe Amsel and Bobby Steinbach, co-founder of Mean Pug Digital, as Bobby shares why marketing shouldn’t stop once you've acquired a client. He delves into the importance of ongoing client engagement to boost referrals and foster repeat business. Moshe and Bobby discuss essential marketing metrics, cost-effective tracking methods, and how to allocate your marketing budget for optimal growth. Learn why your marketing strategy should resemble a balanced investment portfolio and the benefits of bespoke marketing solutions!Tune in to discover the tailored marketing strategies that can help your law firm stand out and grow!Chapters:[00:00] Introduction to Bobby Steinbach[07:03] How Much of a Law Firm’s Revenue Should Be Allocated to its Marketing Budget?[11:21] Where Should Solo Lawyers Start Spending in Marketing?[27:02] Climbing the Marketing Ladder[36:36] Some Small Law Firms Tend to Make This Mistake [39:26] How Can Small Law Firms Track Marketing Metrics to Drive Better Decisions?[47:13] Bobby’s Parting Piece of AdviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereWhat’s Your Law Firm’s Capital S Story? with Paul FurigaWho Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan SullivanGoogle AnalyticsMicrosoft ClarityConnect with Bobby Steinbach: Website | Mean Pug LinkedIn | LinkedIn | InstagramMean Pug WebsiteJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/