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As news of the rapidly spreading Novel Coronavirus (COVID-19) sparks concern and even panic around the world, we’re already seeing major ripple effects through almost every sector of society. The stock market has gone on a roller coaster ride, grocery store shelves are emptying, and hand sanitizers and face masks have become major commodities—all in […]
As the new decade rolls around, you’ve likely already set some ambitious goals for expanding your law firm. In keeping with that theme, I want to suggest a tip that isn’t very glamorous but is very effective. To experience greater growth for your law firm this year, do more of what is already working for […]
Blockchain AI End of billable hours E-Discovery Globalization of Law New Standards of Excellence We recently began discussing certain ways in which the practice of law may evolve in the next decade. Let’s continue that discussion not just by exploring new technologies, but looking at how we need to respond to them in the […]
If you have practiced law or run a law firm for longer than 10 years, you don’t have to be told how much has changed in a short amount of time. Technology is advancing at an alarming rate, and each new evolution both makes our jobs easier and forces us onto a new learning curve. […]
The good thing about the Internet: You have instant access to a wealth of information at your fingertips. The bad thing about the Internet: People can say whatever they want, even if it’s untrue or unfair. Fact: If you stay in business long enough, sooner or later someone is going to post a bad review […]
Have you ever been in a place with your law firm where nothing is particularly wrong, but something just doesn’t feel right? You’ve got a good client load, those clients are happy and paying on time, the office is running smoothly…so what’s missing? Welcome to the club. You’re officially in a rut with your law […]
Lawyers who start their own law firms generally take one of two approaches to doing so. With the first approach, the attorney seeks to build a law firm that is sellable, focusing on the overall success of the firm. With the second, the attorney basically starts the firm for the purpose of being his own […]
I hate to be the bearer of bad tidings, but if you are running a law firm and you’re looking for a life of job security, you are in the wrong business. I’m not saying you can’t or won’t become wealthy. I’m simply saying if you’re going to succeed in this business, you must learn […]
If you’ve tracked with me for any length of time, you know that one of the key strategies I promote for law firm growth is to automate as much as possible. Anything repetitive (read: mind-numbing) work that can be done automatically, set up a system and process so it can run in the background. There […]
If you’re a lawyer running your own firm and you find yourself at a loss when it comes to marketing—you’re not alone. Most law schools don’t teach business and marketing skills needed to grow a business; they teach law. In other words, you learn in law school what to do to help your clients, but […]
Every law firm—and for that matter, every business—can identify two basic types of clients. We have our bread-and-butter clients, the basic clients who help us keep the lights on month after month; and we have our aspirational clients, the higher-dollar clients we’d like to have more of. Most of us have plenty of bread-and-butter clients. […]
As an entrepreneurial attorney, you naturally want your law firm business to grow—and my own firm is built around providing law firms with the tools and techniques needed to cause tremendous growth. But when those tools and techniques actually start producing results—and they will—are you prepared for the growth? What happens if your business grows […]
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