Profit with Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/468.Do you want to learn the secrets of leveraging attorney compensation for a more profitable law firm?Join Moshe Amsel as he welcomes guests Brenda Barnes and Camille Stell to explore the intricacies of attorney compensation on the Profit with Law Podcast. Dive into the details of their co-authored book, "Respect: An Insight into Attorney Compensation Plans," and uncover strategies for using compensation to align with firm goals, enhance productivity, and create a fulfilling work environment. Brenda and Camille share insights on setting up performance-based compensation, understanding the motivations behind partnership tracks, and avoiding common pitfalls in pay structure.Listen now to transform your firm’s compensation strategy and drive growth while maintaining a thriving workplace culture!Chapters:[00:00] Introduction to Brenda Barnes and Camille Stell[20:01] Connecting compensation with your culture[30:24] How much should you compensate?[35:04] Compensation bias[40:26] Path to Partnership[46:03] The right time to implement strategic compensation plans[60:06] Brenda Barnes and Camille Stell’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 hereBook your FREE strategy session today!: profitwithlaw.com/strategysessionSend an email to info@dreambuilderfinancial.com to get access to Motivate the Unmotivated with Performance Based Compensation, Moshe’s talk from the Law Firm Growth Summit.Connect with Brenda Barnes: Website | Personal LinkedInConnect with Camille Stell: Website | Company LinkedIn | Personal LinkedInRespect: Insight to Law Firm Compensation by Brenda Barnes and Camille Stell - https://lawofficemanagementbooks.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/467.Are you contemplating the power of niching down in your law practice?Join Moshe Amsel and Dawn Smith, managing partner of Smith Clinesmith LLP, as Dawn reveals her extraordinary journey from a passionate young lawyer to leading a firm specializing in elder abuse litigation. Moshe and Dawn delve into the importance of finding your niche, overcoming hiring challenges, and the vital role of having a clear mission and vision for your practice. Dawn shares her experience on focusing her firm to drive impactful change and justice for the elderly, and offers inspirational advice for building a successful and purpose-driven law firm.Listen now to uncover the secrets of creating a meaningful and thriving law practice!Chapters:[00:00] Introduction to Dawn Smith[09:27] The Cost of Justice: Navigating the Financial Realities of Elder Abuse Cases[15:33] How Do You Scale a Law Firm Without Starting From Scratch?[24:05] Bouncing Back from Bad Hires and Hiring Smarter[32:19] The Game-Changer for Client Acquisition[36:08] Dawn’s Parting Piece of AdviceResources mentioned:The Law Firm Growth Summit 2025 is in full swing on its third and final day! Don’t miss out—catch up now. Register for FREE!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 hereBook your FREE strategy session today!: profitwithlaw.com/strategysessionLiving Forward: A Proven Plan to Stop Drifting and Get the Life You Want by Michael Hyatt and Daniel HarkavyConnect with Dawn Smith: Instagram | Facebook | LinkedIn | Twitter | TikTok | YouTubeSmith Clinesmith, LLPJoin 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/466.Ready to transform your law firm by putting your investor hat on?Join Moshe Amsel and Emil Abedian, founder and CEO of Councel CPAs, as they dive deep into how law firm owners can achieve financial clarity and sustainable growth. Emil shares his journey from general accounting to specializing in services for solo and small law firms, and the critical importance of proactive tax planning, consistent bookkeeping, and understanding financials. Discover why having an accountant who offers more than just tax preparation can drastically influence your firm's profitability.Listen now to learn how adopting an investor mindset can revolutionize your firm’s success!Chapters:[00:00] Introduction to Emil Abedian[09:10] Building Year-Round Value for Law Firm Clients[18:47] Decoding the Numbers: Turning Insights into Action for Clients[22:11] Measure, Improve, and Prosper: Breaking the Bank Balance Cycle in Law Firms [42:37] Emil’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 hereBook your FREE strategy session today!: profitwithlaw.com/strategysessionLiving Forward: A Proven Plan to Stop Drifting and Get the Life You Want by Michael Hyatt and Daniel HarkavyConnect with Emil Abedian: Website | LinkedIn | Instagram | FacebookJoin 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/465.Are you unsure if social media should be part of your law firm's marketing strategy?Join Moshe Amsel and Fin Wycherley as they delve into the world of social media marketing for law firms. Fin, an expert in helping professionals build their online presence, shares insights on when and how to invest in social media, the differences between various platforms like TikTok, YouTube, and LinkedIn, and the role of engagement in growing your followers. They also discuss the importance of having a strategy, tailoring content to various social media platforms, and the potential of AI in enhancing your social media efforts.Listen now to learn how to optimize your social media presence, build trust, gain visibility, and drive growth for your law firm!Chapters:[00:00] Introduction to Fin Wycherley[07:15] Maximizing a Finite Marketing Budget: Where Does Social Media Fit in Your Law Firm?[10:14] Social Media Strategies that Work without Overwhelming Your Time or Privacy[17:45] Building Your Social Media Dream Team: Delegation Strategies for Busy Law Firm Owners[25:07] From Strategy to Success: How Long Does It Take to Build a Social Media Following for Your Law Firm?[30:24] Choosing the Right Platform for the Success of Your Social Media Strategy[38:02] Fin’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 hereBook your FREE strategy session today!: profitwithlaw.com/strategysessionConnect with Fin Wycherley: Website | X (Twitter) | Personal Facebook | Business Facebook | YouTube | Personal LinkedIn | Business LinkedInJoin 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/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/