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As the new year comes upon us, one of the greatest gifts you can give your law firm is to establish some clear goals for 2019. A well-defined set of goals, according to Inc., gives you benchmarks to measure your success, helps you learn which actions help or hurt those goals, and gives your team […]
If you spend any time with me, including reading my books or this blog, you’ll hear the mantra repeated over and over: Your law firm is first and foremost a business, and you need to run it as such. That makes you more than just an attorney—you’re also taking on the role of an entrepreneur. […]
One particular advantage of running your own law firm: You’ll never have a shortage of eager law school students offering to help out as legal interns. When you do it thoughtfully and correctly, onboarding an intern for your law firm is a win-win situation. You get access to fairly cheap labor for those menial tasks […]
In running your law firm, do you feel like you’re burning the candle at both ends? Do you feel like the harder you work, the less you get done? You’re not alone—a lot of overworked attorneys share your plight. But the fact that this problem is common doesn’t mean it’s right. Much of your stress […]
In a previous post, we began debunking the notion that an overly busy attorney is a happy attorney—let alone a successful one. Lawyers who are too busy to enjoy life, by definition, are not enjoying life. The same holds true with any profession. Yet while productivity does lead to greater fulfillment, the science clearly shows […]
When you run into a colleague at a conference or networking event, how does the chit-chat generally go? Typically, it follows this basic pattern: “How are you doing?” “Super busy. You?” “Busy.” It’s not a myth. As the Chicago Tribune notes, the median work week for a lawyer is 50 hours, but over 40 percent […]
A desk, a phone, a computer, a door, restroom access, filing cabinets. When you’re starting out as a lawyer-entrepreneur with a limited budget, you may be satisfied renting any office space with these basic items, regardless of the physical environment. But is your office welcoming, or dingy and claustrophobic? (Images come to mind of Jimmy […]
We only have so much energy for our work, for our relationships, for ourselves. A smart person understands this and guards it carefully. —Ryan Holiday If your law firm isn’t yet producing the profits you want, your natural impulse might be to work harder—put some more “muscle” into it, so to speak. But does […]
It’s remarkable how changing one small word can deeply change the meaning of a sentence or phrase. In this case, the difference between the smallest of words—“in” and “on”—can make the difference between success or failure for almost any small business, including law firms. Many entrepreneurial lawyers get buried in the busy-ness of the day-to-day […]
A question for you lawyers: How many of you felt like law school didn’t properly prepare you for actually being an attorney? (Hands up everywhere.) Law school is great for teaching us the principles of law in a theoretical environment (not to mention fulfilling a requirement for passing the Bar)—but as with so many professions, […]
Provocative thought of the day: You’ve got some clients you don’t need. It’s okay to say goodbye to them. In fact, it very well may be necessary to your success. What? you might be thinking. Clients mean money! Why should I say goodbye to money? Ever hear of the Pareto Principle, otherwise known as the […]
A friend of mine said running a start-up is like chewing glass and staring into the abyss. After a while, you stop staring, but the glass chewing never ends. —Elon Musk This quote from noted entrepreneur (and forward-thinker) Elon Musk is worth “chewing on” in its own right. Essentially, the analogy refers to how […]
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