Profit with Law: Profitable Law Firm Growth

Moshe Amsel
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Mar 16, 2021 • 35min

You May Have $100,000 Sitting Under Your Mattress - 189

Send us a textShownotes can be found at https://www.profitwithlaw.com/189.   We all know about the PPP program but are you aware of the changes made to the program in the Taxpayer Certainty and Disaster Tax Relief Act of 2020? The PPP program ends March 31, 2021 so don’t delay listening to this episode.   One stimulus plan you may not be aware of is the Employee Retention Credit that can be worth as much as $19,000 per employee between 2020 and 2021. Moshe Amsel explains all the details you need to know about claiming this credit including how to get the credit paid to you in advance! Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more.   PPP Lenders: https://eu2apply.crossriversba.com/#/start/ https://www.kabbage.com/ppp-loan-forgiveness/ https://www.lendio.com/covid-relief/sba-paycheck-protection-program-loans/ https://app.nav.com/paycheck-protection-program-form   IRS Form 941-X: https://www.irs.gov/forms-pubs/about-form-941-x IRS Form 7200: https://www.irs.gov/forms-pubs/about-form-7200  
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Mar 11, 2021 • 45min

A New Perspective on Litigation Funding with Shrey Gupta - 188

Send us a textShownotes can be found at https://www.profitwithlaw.com/188.   In this episode, Shrey Gupta shares his experience as the Head of Growth of LegalPay, a pioneering litigation funding company in India. He is eager to tell us how this business model will benefit everyone: litigators, lawyers, and funding companies alike. He also talks about the risk factors he faced and how he remained successful despite potential losses. Don’t miss this episode and learn the value of litigation funding! Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   Connect with Shrey: Email | LinkedIn LegalPay LegalPay on Facebook 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/
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Mar 9, 2021 • 34min

Live Life Like Today Will Be Your Last - 187

Send us a textShownotes can be found at https://www.profitwithlaw.com/187.   Everybody has their someday list. Someday I will get to play ball with my kids in the afternoon. Someday I will get to hang out with my friends on a weekday afternoon for lunch. Someday I will get to exercise for an hour before I go to the office.   We are all making a grave mistake when we do that. Someday will never come. Instead, Moshe Amsel shares how you can make someday be today without strangling your law firm in the process. Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more. 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/
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Mar 4, 2021 • 53min

Building Your Firm’s A-Team: Team Development and Culture with Steve Morin - 186

Send us a textShownotes can be found at https://www.profitwithlaw.com/186.   A chain is only as strong as its weakest link. Your team members can make or break your organization. You have to be very intentional with team development, from nurturing their skills and getting them involved to taking care of their well-being. Your firm’s growth is highly dependent on whether your team members take ownership of the work they do and go the extra mile to be enthusiastic and collaborative. In this episode, Steve Morin joins Moshe Amsel to talk about his experience with developing individuals to become part of a functioning team. He emphasizes the role of leadership and what actions you should take to maximize your team’s capabilities. If you want to know more about team development and the factors that will make your members become team players, then this episode is for you. Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more.   Episode 65 - Culture Not Important? Guess Again! with Eric Farber Connect with Steve: LinkedIn Asana ProductiveGrowth Newsletter The Infinite Game by Simon Sinek
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Mar 2, 2021 • 34min

Dreaming Your Way to Success - 185

Send us a textShownotes can be found at https://www.profitwithlaw.com/185.   Steven Covey said “Begin with the end in mind”. The problem is that most people do not know what the end is. Our bodies are designed to prevent us from imagining things that are beyond our own belief of what is possible. Without being able to imagine what you truly desire, how can you ever get it?   In this episode, Moshe Amsel shares an exercise you can follow that will allow you to begin to unlock your true potential.  Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more.   Living Forward Book: https://www.profitwithlaw.com/livingforward 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/
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Feb 25, 2021 • 1h 8min

Pricing, Profits, and Payment Plans with Richard Formoe - 184

Send us a textShownotes can be found at https://www.profitwithlaw.com/184.   Have you ever put yourself in your client’s shoes? Your client’s personal experience may be something you’re not used to or even aware of. Recent surveys show a miscommunication between what clients want and what lawyers think their clients want. How can we bridge that gap with payment plans?  In this episode, Richard Formoe joins Moshe Amsel to talk about changing our model into flat-fee pricing. He also discusses how multiple payment plans can give power and transparency to clients. Making life easier for our clients should not harm our business. In fact, by making things convenient and affordable, we can drive up revenue and even save precious time!   If you want to know more about improving your pricing and payment plans, then this episode is for you. Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more. Episode 39 - Business Advice From A Law Firm Owner With an MBA with Devin Miller Episode 106 - Legal Products Instead of Services with Bobby Klinck Episode 132 - He's Back! Team Building, Marketing, and More with Devin Miller Episode 147 -
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Feb 23, 2021 • 1h 3min

Turn Your Annual Income Into Your Monthly Income with David Neagle - 183

Send us a textShownotes can be found at https://www.profitwithlaw.com/183.   If you are experiencing anxiety, fear or a sense of confusion, you’re not alone. With the uncertainty of our current situation, compounded by major media, social media, experts, forecasters and our own government, we all feel like we really have no idea what the next day will bring or if our financial future is secure. So how do we know what to do? What to decide? How to react?   Join David Neagle as he shares with you:   *How to evaluate a situation so you can make a decision based in truth rather than fear. *How to regulate and control your own emotions in the face of uncertainty. *How to manage time when you are experiencing a constant state of change. *How to tap into your own innate resourcefulness and think outside the box to turn your annual income into your monthly income. Resources mentioned:   Law Firm Growth Summit Recordings https://www.lawfirmgrowthsummit.com/recordings   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant.  Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny.  Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data.  Visit trustnota.com to learn more. Terms and conditions may apply.    This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more. 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
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Feb 18, 2021 • 31min

Reclaim Your Life With A Freelance Lawyer with Lisa Solomon - 182

Send us a textShownotes can be found at https://www.profitwithlaw.com/182.   Lawyers always have a lot on their plate. When working in a law firm, you will inevitably need help from other legal professionals for particular cases. However, we tend to hold on to the thought that we can do everything by ourselves, and we get burnt out before we ask for help. By outsourcing to a freelance lawyer, you can be more efficient and save yourself from being overwhelmed without breaking the bank. In today’s episode, Lisa Solomon joins Moshe Amsel to talk about how she started and her work as a freelance attorney. She discusses her three-tier hourly rate structure that is efficient for freelance work. Lisa then shares two great pieces of advice that will get you started with outsourcing. If you’re interested to know more about freelance legal practice and outsourcing, then this episode is for you!   Resources mentioned: This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   Episode 128 - Doubling Your Revenue with Virtual Staff with Brett Trembly Connect with Lisa: Website | Email | 914-595-6575 How to Work with Freelance Lawyers to Increase Profits, Decrease Stress and Get Your Life Back LexisNexis LawClerk 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/
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Feb 16, 2021 • 37min

Be Authentic, Be You with Heshy Friedman - 181

Send us a textShownotes can be found at https://www.profitwithlaw.com/181.   COVID-19 has made physical offices unviable. Companies worldwide have responded by shifting their businesses from the office and into the digital world. While there are many cheap services available to jumpstart your website, can they tell your unique business story? How do you create the perfect web strategy?  In this episode, Heshy Friedman joins Moshe Amsel to talk about his experience leading a dynamic web technology firm. He shares his insights on why businesses need a personally crafted web design to convey their story. Web design is not simple and requires the understanding of many different features. He also emphasizes the importance of the authenticity of these strategies.   If you want to know more about creating your ideal web strategy and staying authentic, then this episode is for you. Resources mentioned:   This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.   Connect with Heshy: LinkedIn | Twitter   Radial Creations: Website | Email | 845-371-3603 2020 Legal Trends Report by Clio.  If you’re looking for the highlights, access the summary here.   Minerals 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.amsel LinkedIn - https://www.link
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Feb 9, 2021 • 28min

019 Summit Q&A Replay - Should a New Firm Owner Charge for a Consultation? with Sam Mollaei, Maddy Martin, Mark Homer, Dave Aarons and Jan Roos - 180

Send us a textShownotes can be found at https://www.profitwithlaw.com/180.   In this Q&A Session Replay from the 2019 Law Firm Growth Summit, Attorney Daniel Campen asks whether someone should charge for consults and whether it would be different for new law firm owners who are trying to just get their first clients.   Resources mentioned:   The Law Firm Growth Summit is back! February 9-11, 2021 and it will be better than ever! You can register for FREE right now at https://www.lawfirmgrowthsummit.com.  This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw. 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

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