From Startup to $80 Million: Strategies for Transforming Law Firm Growth with Luke Peters
How can lessons from building an $80 million appliance brand transform the growth of your law firm?
Join Moshe Amsel and Luke Peters, founder of Apex CEO, as they uncover invaluable insights and strategies for law firm owners. Luke shares his journey from a garage startup to a successful exit, highlighting key areas such as scaling operations, hiring the right talent, and thinking like an investor to achieve significant growth. Discover how his experience and methods can be translated into actionable steps for expanding your law firm with expert guidance and a visionary approach.
Listen now to unlock powerful tactics and ideas that can propel your law firm to new heights!
Episode Highlights
[00:00] Introduction to Luke Peters
[06:41] Thinking Like an Investor: Planning for Future Growth
[13:43] Hiring Leaders: Identifying and Attracting Top Talent
[22:28] Utilizing Recruiters and Developing an Interview Strategy
[26:59] Overcoming the Chicken and Egg Dilemma in Scaling
...
How Law Firms Can Leverage Compensation Plans to Meet Strategic Goals with Brenda Barnes and Camille Stell
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!
Episode Highlights
[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]...
The Power of Specialization: Niche Down and Power Up with Dawn Smith
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!
Episode Highlights
[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
...
Running Your Law Firm Like a Business with Emil Abedian
Ready to transform your law firm by putting your investor hat on?
Join Moshe Amsel and Emil Abedian, founder and CEO of Counsel 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!
Episode Highlights
[00:00] Introduction to Emil Abedian
[08:22] Building Year-Round Value for Law Firm Clients
[17:59] Decoding the Numbers: Turning Insights into Action for Clients
[21:22] Measure, Improve, and Prosper: Breaking the Bank Balance Cycle in Law Firms
[41:50] Emil’s Parting Piece of Advice...
Social Media Marketing for Lawyers: Building a Strong Online Presence with Fin Wycherley
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!
Episode Highlights
[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
...
Developing Leaders: Strategies to Foster Talent in Your Organization with Karen Colligan
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!
Episode Highlights
[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]...
Transforming Cash Flow with Strategic Billing and Hiring with John Scott and Kip Bilderback
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!
Episode Highlights
[00:00] Introduction to John Scott and Kip Bilderback
[04:10] Why Law Firms Struggle: Insights from...
Optimizing Profit Margins: Cash Flow Challenges and Solutions with Carla Titus
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!
Episode Highlights
[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...
Best of 2024: Top 5 Insights for Building Efficient, Profitable, and Successful Law Firms
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!
Episode Highlights
[01:39] 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...
Mastering Business Design and Marketing Strategies for Lawyers with Jessica Lackey
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!
Episode Highlights
[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 Advice
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful.
