Profit with Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/079. On Friday, March 27th, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Act or the CARES Act. This episode is a re-purposed Facebook Live that goes into all the items in the bill that are relevant to a law firm owner. 2020 Recovery Rebate for Individuals - Learn how they will determine who gets this credit and when you can expect it. Delay of Certain Deadlines - Tax filing and payment deadlines extended to July 15, 2020. Special Rules for use of retirement funds - Find out about increased loan allowance, ability to withdraw funds penalty free and ability to withdraw funds and re-deposit within 3 years. Allowance of partial above the line deduction for charitable contributions - even if you don't itemize, you can deduct $300 in charitable contributions. Loans, loans, loans - learn the difference between the EIDL (Economic Injury Disaster Loan) and the PPP (Payroll Protection Plan) Loan and what steps you should take today. Relief for Student Loans - Learn how to get relief on your own loans as well as pay up to $5,250 to your employee's student loans as well. Resources mentioned: SBA COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION - https://covid19relief.sba.gov/#/ Exclusive podcast community offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid 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/

Send us a textShownotes can be found at https://www.profitwithlaw.com/078. Business owners already working from home with kids underfoot. Experts in home-schooling, working from home with kids, kids entertainment, etc. share their top tips with you. Our Expert Panelists: Heather Trick Ostroff, Mariana Ruiz, Serena Ryan, Gyi Tsakalakis, Alexis Neely, Michael Whelan, Ariana Sylvester Resources mentioned: COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator   Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19 Sign up now for a FREE TRIAL & get your phones answered within 2 business days! https://smith.ai/receptionists/pricing?utm_campaign=covid19&utm_source=profitwithlaw   New Law Business Model has been training lawyers on a new way to serve families and business owners, both online and offline, since 2006. To get all of their resources on how to get paid $3k-$5k per estate plan, and $750-$3000 per month per business owner client, join their FB group at lifestyle lawyer's club and when you sign up, mention you came from the Law Firm Growth Summit and they'll send you a video and guide they have created on how to serve virtually.   Get your FREE book from GNGF - Online Law Practice Strategies - https://www2.gngf.com/free-book/ 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/

Send us a textShownotes can be found at https://www.profitwithlaw.com/077. Employees - How to Keep Them Law Firm Growth During COVID-19 Daily Liveshow Day 4! With Guest Experts: Molly McGrath, Gyi Tsakalakis, and Dina Eisenberg Resources mentioned: COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator   Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19 Sign up now for a FREE TRIAL & get your phones answered within 2 business days! https://smith.ai/receptionists/pricing?utm_campaign=covid19&utm_source=profitwithlaw   New Law Business Model has been training lawyers on a new way to serve families and business owners, both online and offline, since 2006. To get all of their resources on how to get paid $3k-$5k per estate plan, and $750-$3000 per month per business owner client, join their FB group at lifestyle lawyer's club and when you sign up, mention you came from the Law Firm Growth Summit and they'll send you a video and guide they have created on how to serve virtually.   Get your FREE book from GNGF - Online Law Practice Strategies - https://www2.gngf.com/free-book/   Hiring and Empowering Solutions - Special one-time offer for our 66-Day Law Firm Turnaround Progam...designed to KEEP YOU IN CONTROL OF YOUR FIRM’S people process, marketing, cash flow-driven calendar and how to pivot in times of challenge—in just 66-days, guaranteed.   This 10 week one-on-one highly customized weekly program starts out with a 2 hour VIP Virtual session where we crack open every area of your practice identify what's working...what's NOT working and create a simple, easy to implement path and plan to pivot. This program is $8,500 for the 10-week program for your attendees it is 50% off with the code "LEADOURLAWFIRM!" To request a complimentary Law Firm Qualifier Call, https://hiringandempowering.com/66-day-law-firm-turnaround/   Law Clerk – Hiri

Send us a textShownotes can be found at https://www.profitwithlaw.com/076. What do you get when you put a bunch of heart-centered marketers in a room together during a national social distancing pandemic response? You get a swiss army knife of marketing tactics to implement today and in the future. You must listen to this episode! Our amazing expert panelists: Andy Stickel, Maddy Martin, Jordan Ostroff, Gyi Tsakalakis, Mark Homer, Bill Hauser, Alexis Katz and Molly McGrath   Resources mentioned: COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator   Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19 Sign up now for a FREE TRIAL & get your phones answered within 2 business days! https://smith.ai/receptionists/pricing?utm_campaign=covid19&utm_source=profitwithlaw   New Law Business Model has been training lawyers on a new way to serve families and business owners, both online and offline, since 2006. To get all of their resources on how to get paid $3k-$5k per estate plan, and $750-$3000 per month per business owner client, join their FB group at lifestyle lawyer's club and when you sign up, mention you came from the Law Firm Growth Summit and they'll send you a video and guide they have created on how to serve virtually.   Get your FREE book from GNGF - Online Law Practice Strategies - https://www2.gngf.com/free-book/   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 -

Send us a textShownotes can be found at https://www.profitwithlaw.com/075. You may think that rent and payroll are your 2 biggest expenses in your law firm, however, if they are not in excess of 50% of your profit then there is an even bigger and hidden expense - you guessed it, your taxes! Boris Musheyev, CPA specializes in helping law firm owners with their tax strategy and he has a great discussion with Moshe regarding those strategies. He also ventures into current cash constraints due to the COVID-19 pandemic and how to overcome these challenges with strategic actions to take today. Resources mentioned: COVID-19 LiveStream Signup - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator   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/

Send us a textShownotes can be found at https://www.profitwithlaw.com/074. Do you need good strategies to manage your stress levels during these stressful times? Do you have trouble focusing on the positive areas of your life and the future the world will bring? In this Livestream replay our panelists share great tips and tricks to solve this important issue. We also had a great question from Melissa Pierce a family lawyer dealing with lots of clients dumping their own stress on her. This sparked an amazing discussion of coping, boundaries and ideas. Our discussion panelists are: Wendy Collier, Shauna Gaus, Ali Katz, Michael Whelan, Andy Stickel and Molly McGrath.   Resources mentioned:   COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator     Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19 Sign up now for a FREE TRIAL & get your phones answered within 2 business days! https://smith.ai/receptionists/pricing?utm_campaign=covid19&utm_source=profitwithlaw     New Law Business Model has been training lawyers on a new way to serve families and business owners, both online and offline, since 2006. To get all of their resources on how to get paid $3k-$5k per estate plan, and $750-$3000 per month per business owner client, join their FB group at lifestyle lawyer's club and when you sign up, mention you came from the Law Firm Growth Summit and they'll send you a video and guide they have created on how to serve virtually. Get your FREE book from GNGF - Online Law Practice Strategies - https://www2.gngf.com/free-book/   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/073. Serving Clients While Social Distancing is a live expert panel we hosted on March 23rd. The expert panelists were Maddy Martin, Jordan Ostroff, Lindsay Jani, Gyi Tsakalakis, Neil Tyra, Ali Katz and Melanie Leonard. Discussions covered everything from technology solutions to productivity pointers and personnel concerns. This is a must listen to discussion if you find yourself working primarily away from the office and from clients for the first time. Resources mentioned: COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator   Smith.ai - FREE 20-CALL TRIAL, FREE Spam blocking, FREE CRM integration (Clio, Lawmatics, InfusionSoft, Zapier & more), Plus, as a special offer during this difficult time, we are adding $290 in additional benefits: 20 more calls w/FREE first month of Starter plan ($140 value), FREE 24/7 AI Chatbot w/ free setup & installation ($150 value). Use code SMITHCOVID19 Sign up now for a FREE TRIAL & get your phones answered within 2 business days! https://smith.ai/receptionists/pricing?utm_campaign=covid19&utm_source=profitwithlaw   New Law Business Model has been training lawyers on a new way to serve families and business owners, both online and offline, since 2006. To get all of their resources on how to get paid $3k-$5k per estate plan, and $750-$3000 per month per business owner client, join their FB group at lifestyle lawyer's club and when you sign up, mention you came from the Law Firm Growth Summit and they'll send you a video and guide they have created on how to serve virtually.   Get your FREE book from GNGF - Online Law Practice Strategies - https://www2.gngf.com/free-book/   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 -

Send us a textShownotes can be found at https://www.profitwithlaw.com/072. Marketing is an art and a science and many firm owners want help with their marketing. In today’s interview, we cover a variety of marketing topics including the importance of having a system to track and automate the process, knowing your metrics and good old networking. Jordan Ostroff is a law firm owner and also the owner of LegalEase Marketing a marketing agency for law firm owners. Moshe and Jordan have a light and fun conversation around different marketing strategies including what someone early in the firm growth journey should do as well as a firm with $5,000 or $50,000 to spend each month.   Resources mentioned: Exclusive offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid   Date Time (EST) Topic 3/23/20 12:00 PM Serving Clients While Social Distancing 3/24/20 1:00 PM Managing Stress and Staying Positive 3/25/20 1:00 PM Marketing Strategies To Put You Ahead 3/26/20 4:00 PM Employees - How to Keep Them 3/27/20 11:00 AM Working from Home with Kids 3/30/20 12:00 PM Tools and Technology For Law Firm Survival 3/31/20 1:00 PM Managing a Cash Crunch 4/1/20 11:00 AM Getting New Clients Today 4/2/20 10:30 AM Projects You've Always Wanted to Get To 4/3/20

Send us a textShownotes can be found at https://www.profitwithlaw.com/071. As the fear of COVID-19 grips the world, law firm owners are left wondering how to navigate it all. In this special current events edition of the Profit with Law podcast, Moshe Amsel goes deep into law firm survival during these trying times. Should or can you close your office? If not, what kind of precautions can you take? If yes, are you set up to operate remotely? What do you need for a successful remote or virtual office? Will you continue to have clients, will your business/revenue be affected? Are you affected by court closings? Are your typical clients susceptible to the economic environment and downturn/recession? If you expect a decrease in clients and/or revenue, you need to take quick and decisive action by cutting costs. This includes delaying payments in the short term and permanently reducing costs that aren’t sustainable for long - this includes rent, payroll and subscriptions. If you want to keep costs and you will have a cash crunch you need to analyze your runway and decide whether it is worth spending the cash to keep everything afloat. Look at alternate sources for cash - SBA Disaster Loans, Credit cards with low or zero interest offers, family, retirement account 60 day rollover. If you will be less busy, it is a perfect time to beef up your marketing, organize your systems and learn and implement new technologies.  Resources mentioned: SBA Disaster Loan -  https://disasterloan.sba.gov/ela/ Exclusive podcast community offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator 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/

Send us a textShownotes can be found at https://www.profitwithlaw.com/070. There are 2 sides to human resources - on one hand, there are compliance requirements and we need to ensure that we remain on the right side of the law. On the other hand, we want to build a cohesive team that pulls the firm forward, everyone heading in the same direction. Our guest on the show today is Barry Ackerman of Supportive HR. The discussion covered a variety of relevant topics related to HR in a small business. This is a valuable episode for any law firm that is growing and adding staff. Resources mentioned: Supportive HR Website - supportivehr.com Book a Free Coaching Session and Also Learn More About the 90 Day Law Firm Turnaround Group Coaching Program - https://www.profitwithlaw.com/freecoaching 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/