Why Your Law Firm Needs Effective Risk Management Strategies with Mark Bassingthwaighte
If you think that your firm isn’t susceptible to a cyber attack, your whole practice is at risk.
Veeam blog columnist Cole Hanks writes that “up to 60% of small businesses fail after a successful cyberattack.” Many firm owners think their practice is too small to be of any importance to cyber attackers and malpractice, but that very thought can be very costly.
Join Moshe Amsel and guest Mark Bassingthwaighte, a seasoned risk management expert with ALPS, as they delve into the crucial topic of risk management for law firms and ensure that you are educated and prepared to keep your firm from the aftermath.Â
In this episode, you can find:
- Insights into cyber security risks, like wire fraud and ransomware
- Essential tips on selecting the right malpractice insurance
- Vital steps law firms need to take to protect themselves
- The role insurance plays in safeguarding your firm’s future
Listen now to learn how to fortify your law firm against unforeseen risks and enhance your risk m...
$1.5MM in 12 months - The Blueprint
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Are you ready to unlock $1.5 million for your law firm this year?
Join Moshe Amsel, host of the Profit With Law Podcast, as he shares how any law firm owner can quickly scale their business to achieve significant revenue growth. Moshe discusses leveraging team assembly, strategic investments, and innovative marketing methods to turn law firms into highly profitable businesses. By adopting an investor mindset, Moshe explains that lawyers can achieve what traditionally takes 20 years in just one.
Listen now to discover the strategies that could revolutionize your law firm's profitability!
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Episode Highlights
[00:00] Introduction to Financial Growth
[01:23] Moshe's Personal and Professional Background
[02:41] Typical Law Firm Growth Journey
[07:43] Investor's Approach to Law Firm Growth
[09:58] Team and Structure for Law Firm Success
[14:20] Financial Planning and Revenue Generation
[22:47] Comparison of Traditional and New Growth Methods
[32:26] Capital Requirements and Funding Option...
The Role of a Virtual COO in Boosting Your Law Firm’s Profits with Jennifer Goldman
Are you looking to transform your law firm with enhanced productivity and profitability?
Join Moshe Amsel and Jennifer Goldman, veteran consultant with over 30 years of experience, as they explore the transformative potential of visualization in operational roles. Jennifer reveals how simple tools like whiteboards can dramatically improve clarity and accountability within law firms, driving productivity and profit. Moshe and Jennifer discuss the essential steps in transitioning from task delegation to delegating responsibilities and how visualization aids in identifying and overcoming business bottlenecks.
Listen now to uncover the power of visualization and how it can propel your firm's growth and efficiency!
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Episode Highlights
[00:00] Introduction to Jennifer Goldman
[06:37] Understanding Virtual COO Services
[08:00] Leveraging Visualization in Business Operations
[12:14] Differentiating Between Delegation and Responsibility
[21:35] The Power of Visualization in Financial Plann...
Attorney vs. Law Firm Investor: Your Identity is the Key to Exponential Growth
Are you ready to revolutionize your law firm's growth trajectory?
Join Moshe Amsel, host of the Profit with Law Podcast, as he shares his inspiring personal journey and reveals the transformative mindset shift necessary for law firm owners to succeed. In this episode, Moshe discusses the power of thinking like an investor rather than just an attorney and how this change can overcome growth barriers. He shares insights from his experience with hundreds of law firm owners, along with concepts from books like "E-Myth," "Who, Not How," and "10x is Easier Than 2x," to help you unlock your law firm's true potential.
Listen now to discover how setting ambitious goals and adopting an investor's mindset can propel your law firm to unprecedented success!
ResourcesÂ
Book your FREE strategy session today!: profitwithlaw.com/strategysession
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Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!Â
Check out our Profit with Law YouTube channel!
Learn more abo...
Unfiltered Marketing Truths for Law Firms with Conrad Saam
Are you grappling with how to effectively navigate the shifting landscape of law firm marketing?
Join Moshe Amsel and Conrad Saam, founder of Mockingbird, as they dissect the current state of marketing for law firms. Conrad offers candid insights into how different marketing channels can yield varying returns and why firms need to adapt to today's changing environment. Moshe and Conrad explore the importance of efficient operations, understanding the true cost per client acquisition, and the strategic role of a Chief Marketing Officer in leveraging marketing efforts.
Listen now to discover how to strategically align your marketing practices with business growth and profitability!
Episode Highlights
[00:00] Introduction to Conrad Saam
[05:09] How to Approach Marketing
[08:38] Marketing Math
[11:12] Measuring Marketing Success
[22:04] Sales Efficiency
[29:32] The CMO Role
[37:10] How to Connect with Conrad Saam
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ResourcesÂ
Book your FREE strategy session today!: profitwi...
The Secret to Increasing Law Firm Leads by 50% through Chat Strategies with Ted DeBettencourt
Are you missing out on potential clients because you don't have an optimized website chat?
Join Moshe Amsel and Ted DeBettencourt, founder of Juvo Leads, as they dive into the importance of having a live chat on your law firm's website. They discuss how human-powered chat can increase your leads by 50%, enhance client interaction, and significantly impact your first impression on potential clients. Ted shares his journey of creating a better chat service and how it can benefit law firms across various practice areas.
Listen now to learn how adding and optimizing a website chat can drive more business and improve client satisfaction!
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Episode Highlights
[00:00] Introduction to Ted DeBettencourt
[07:22] Maximizing Your Leads
[11:42] Chat Options
[17:02] The Importance of Speed to Lead
[20:43] Customizing Chat Workflows for Law Firms
[22:34] Simplifying Client Intake Process with Chat
[27:09] Ted’s Parting Piece of Advice
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ResourcesÂ
Book your FREE strategy session toda...
Comprehensive Wealth Planning: Using Life Insurance for Retirement and Legacy Planning with Tom Wall
How can whole life insurance pave the way for generational wealth?
Join Moshe Amsel and Tom Wall, a keynote speaker and expert in permanent life insurance-based strategies as they share their insights on how whole life insurance can be used as a tool for retirement, tax strategy, and wealth creation. Moshe and Tom delve into the advantages of whole life insurance beyond just coverage for loved ones, exploring its potential as a conservative asset with tax-free growth and as a liquidity tool for business owners and real estate investors.
Listen now to learn how to leverage whole life insurance as a strategic asset in achieving generational wealth!
Episode Highlights
[00:00] Introduction to Tom Wall
[05:35] When Business Owners Should Consider Whole Life Insurance
[12:00] Can You Retire on Your Policy’s Cash Value?
[14:32] Borrowing & Tax Benefits: Using Whole Life Insurance as a Business Asset
[21:28] 401(k) vs. Whole Life
[30:49] Managing Risk, Taxes & Access: Why Whole Lif...
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!
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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
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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!
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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] Compensati...
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!
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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
[32...
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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.
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