As law firm owners, you are fundamental pillars of the American justice system, diligently contributing to our economy with your entrepreneurial zeal. Yet, a glaring oversight persists in the financial planning industry—your unique financial needs are frequently ignored. In this post, I discuss why law firm owners require a specialized financial framework that brings genuine, measurable value to … [Read more...]
Politics vs. Profits: Why Your Portfolio Should Ignore the Headlines (Ep. 84)
In today's ever-changing political landscape, law firm owners often wonder if they should adjust their investments based on who wins an election. It's a common concern, but one that could cost you dearly in the long run. The Real Cost of Politically-Driven Investing If you've been moving your money in and out of the market based on who's sitting in the White House, you've been making one … [Read more...]
Why the Billable Hour is Dead: Unlock Explosive Growth with a Subscription Model (Ep. 83)
Key takeaways: Are you a law firm owner seeking to unlock explosive growth and financial stability? The traditional billable hour model might be holding you back, limiting not only your revenue but also your client satisfaction and retention. On this episode, we're thrilled to host Matthew Kerbis, a seasoned attorney who has successfully adopted a subscription-based model for his practice. … [Read more...]
Grow Your Firm Pt 5: Developing Your Business Plan (Ep. 82)
On this episode, host Darren Wurz completes our five-part series on growing your law firm by focusing on a pivotal aspect: developing a robust business plan. A well-structured business plan can significantly increase your firm’s profitability and provide a clear roadmap to sustained growth. The Importance of Core Values Establishing unique and action-oriented core values is fundamental for … [Read more...]
Grow Your Firm Pt 4 – Relentless Execution (Ep. 81)
As a law firm owner, meticulous planning is no stranger to you. Crafting strategic business plans that hold the promise of growth and prosperity is where many of us find excitement. But here lies a startling truth: 90% of businesses fail not because they lack a solid strategy but due to their inability to execute it effectively. This is the focal point of our latest episode on The Lawyer … [Read more...]
Grow Your Firm Pt 3 – The Ultimate Guide to Scaling: 5 Ways to Replace Yourself (Ep. 80)
Do you often feel trapped in the never-ending cycle of managing every detail of your law practice? If you're struggling with owner dependence, where your constant involvement is stifling growth and personal freedom, you're not alone. On this episode of The Lawyer Millionaire Podcast, host Darren Wurz. dives into a transformative approach that was inspired from Dan Martell's book, Buy Back Your … [Read more...]
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