New Law Business Model (NLBM)’s Post

MISTAKES. We all make them – especially when we try to go it alone. And the price paid could be in the MILLIONS. The path is yours, but avoiding the mistakes others have made – why wouldn’t you find guidance to do that? “My biggest mistake was not finding a practice mentor to have some of that guidance along the way,” says Tom Lenfestey, founder of The Law Practice Exchange LLC and a practicing attorney from North Carolina. Tom has successfully transitioned from running his own law firm to helping lawyers with revenues ranging from $200,000 to $50 million build and sell their practices. 📈 He joins Ali Katz for Ep. 25 of the NewLaw Podcast for Entrepreneurial Lawyers, where they discuss how to build, grow, and eventually sell a law firm that not only provides a comfortable income but also leaves a lasting legacy. 🎙️DM or comment “SALEABLE” and someone on our team will send you a link to the episode. 🔥🔥🔥 #lawyermarketing #lawfirmmarketing #lawfirmmarketingideas #lawfirmowners #lawfirmmarketingtips

The Best Strategies for Building a Thriving Law Firm in Today’s Market In today's episode 256 of The Free Lawyer, Kellam T. Parks shares his inspiring journey from law school to managing a successful law firm. After taking a break from practicing law to support his ailing mother, he returned with a renewed mindset. His story shows the importance of resilience, adaptability, and the courage to take risks. Have you ever wondered how a law firm can run paperless and cloud-based from the start? Kellam's firm embraced technology early on and leverages AI tools for legal research and drafting. This approach has helped them compete effectively with larger firms. Transitioning between law firms taught Kellam a valuable lesson: don't let the fear of change hold you back. He reflects on how diminishing fear can lead to more confident decision-making. Running a law firm isn't for everyone, and that's okay. For those who aspire to, understanding risk-taking is not just crucial, but empowering. It's about taking control of your career and making decisions that align with your goals and values. Ever feel overwhelmed by the decisions you need to make? Kellam explains how most professional choices aren't as life-altering as they seem. By shifting your mindset and recognizing your qualifications and skills, you can confidently approach career transitions. Take advantage of this dynamite episode, in which Kellam shares his journey, insights, and strategies for building a successful law firm in today's market! #Podcast #LawFirm #TheFreeLawyer #LegalEntrepreneurship #Leadership

Law firm owners, growing a law firm is not easy. Here are few things to keep in mind: ▪️ You'll have to first grow yourself → your skills, your mindset, your vision ▪️ You'll have to take action → you can't sit back and expect things to just happen ▪️ You'll have to take risk → you can't play it safe (but don't be stupid) ▪️ You'll go farther and faster with mentors → you should seek help and guidance I've been interviewing incredible law firm founders all along the law firm growth cycle... from those a few months in to those who have sold and exited altogether. They have a lot of wisdom to share. I've learned so much. Go check out Founding Partner Podcast to listen to their journeys. Audio version wherever you listen to pods and video version on my firm's YouTube channel. Please let me know what you think and share with others who may find value.

The "Business of Law" episode of #BehindTheLines #TheHoustonLawyerPodcast is now available to download! The episode starts out with "'We've Only Just Begun': The New Texas Business Court" featuring Natasha Breaux of Haynes Boone. Natasha really breaks down what Texas lawyers need to know about these new courts (the 15th COA and the divisions of the Business Court). Next, we really delve into the #BusinessOfLaw. Michael Cancienne of Jordan, Lynch & Cancienne is up front about what it's like to move from a partner position at a large international law firm to owning your own firm in "'You Can Go Your Own Way': Transitioning from Big Law to Owning Your Own Practice." This segment has a lot food for thought for lawyers who are considering leaving a firm to hang their own shingle. Jonathan Jackson, also known as the "Sneaker Lawyer," discusses how he became the Sneaker Lawyer and provides some pointers for lawyers who are wanting to create their own brand should consider in "'Pumped Up Kicks': The Sneaker Lawyer's On-Point Branding." This is a really fun interview. And, finally, we all know sometimes partnerships don't work out. Pete Patterson of Patterson, PC has experience working with law partnerships that are breaking up and provides great advice in "'Breaking Up Is Hard to Do': But These Tips Will Help." Everyone who is thinking about starting a firm with a partner, is working with partners now, or may leave a partnership should listen to this segment. Breaking up is hard, but if you take Pete's advice, maybe it will be a little less painful for you and your clients. HBA members who listen to the entire episode may receive one hour of CLE credit. Details are available on "The Houston Lawyer" Committee webpage of the HBA's website: https://lnkd.in/gJ3A4PFT Listen on #Buzzsprout or wherever you find your podcasts: https://lnkd.in/ggDyvkJV #LegalPodcast #TexasBusinessCourt #TexasCourts #TexasCivilProcedure #CivilProcedure #BigLaw #SmallLaw #LawPartners #TheSneakerLawyer #LawFirmMarketing #TexasLawyers #HoustonLawyers #HoustonLawyer #TexasCLE

⚖️ Attention Law Firm Owners: Turn your legal practice into an empire with insider tips from a real success story! 🌟 #LawFirmSuccess #LegalEntrepreneur #TheLawyerMillionairePodcast 🔉 *Episode 49 - From Mom to Legal Mogul* introduces Vanessa Vasquez de Lara, a visionary who grew her law firm while balancing motherhood and entrepreneurship. Get inspired by her journey and learn how proper financial management and a culture of support can propel your firm forward. Episode Highlights: - Vanessa’s shift from full-time mom to legal mogul - Strategies for liquidity, managing labor costs, and maximizing productivity - The integration of global talent in today’s remote-friendly world 👂 Ready to level up your law practice? Listen now https://bit.ly/3PTs3B9 and unlock the potential of your firm! 🗨️ Join the conversation below. What are you doing to innovate in your firm? #BusinessLeadership #GrowthMindset #PodcastHighlight #NetworkWithPros

In today’s episode of the Wealthy Woman Lawyer® podcast, I share my thoughts on a critical topic facing law firm owners these days: handling the sudden loss of multiple employees. This discussion was inspired by recent conversations with women law firm owners facing the challenge of high turnover, the emotional toll it can take on the owner of a small firm, and practice steps to keep you moving forward it this happens to you. Listen in as I discuss: ✅ The reality of employee turnover in law firms and how to move ahead when several employees leave at once. ✅ 6 external factors driving high turnover. ✅ Strategies you can implement to help you move on quickly (and with grace). ✅ Why (and how) you should ABR (Always Be Recruiting). ✅ The essential mindset shift for law firm owners who are scaling and want to cultivate a reliable, loyal team. (Plus the exact next steps to take if you want to build a law firm business that functions without you being on call 24/7/365). Go here to listen → https://lnkd.in/g2k2XNNp LINKS TO LOVE: Are you beyond ready to pull yourself out of the daily grind of running your solo or small law firm and start building a profitable, sustainable, wealth-generating law firm that runs itself instead of running you into the ground? If so, I highly encourage you to watch my free training now. If you love the Wealthy Woman Lawyer® podcast, you’ll love this training even more. Register here: Build a Wealth-Generating Law Firm: 3 Strategies for Women Law Firm Owners That Double Your Revenue Without Doubling Your Workload. https://lnkd.in/gBTZ5nim

In today’s episode of the Wealthy Woman Lawyer® podcast, I chat with Gordana Mikalicki a/ka/a @lawyergordi, about how she’s working to transform the personal injury marketing in Phoenix, AZ, with her unique branding and service model. Gordana founded Elmm Law Group because she found the Arizona personal injury legal market to be stale and saturated with predominately male-run firms more concerned about their bottom lines than client injuries. The Elmm Law Group prides itself on providing clients with a non-traditional law firm experience focusing on direct attorney-client contact (she gives clients her private cell phone number), diligence, & straightforwardness. It uses modern technology to elevate efficiency and build client case values. Listen in as Gordi and I discuss: ✅ What influenced her to want to be a lawyer even at an early age ✅ Her journey from serving as an Assistant Attorney General and public service work to personal injury lawyer (and the mindset shift that helped her make the transition) ✅ What turns her off about most personal injury marketing, why she thinks it hurts the profession, and what she’s doing differently ✅ What she did as a new law firm owner to keep her business growing during the COVID pandemic ✅ How she overcame her fear of being in videos on social media and created a successful brand ✅ What she looks for in hiring her staff and why she’s found it to be more important than a particular skillset. ✅ Her number one piece of advice to women lawyers who want to start and scale a law firm business (Hint: Don’t expect her to sugarcoat it.) ✅ And much more! Go here to listen → https://lnkd.in/gczfYyTz

In today’s episode of the Wealthy Woman Lawyer® podcast, I chat with Gordana Mikalicki a/ka/a @lawyergordi, about how she’s working to transform the personal injury marketing in Phoenix, AZ, with her unique branding and service model. Gordana founded Elmm Law Group because she found the Arizona personal injury legal market to be stale and saturated with predominately male-run firms more concerned about their bottom lines than client injuries. The Elmm Law Group prides itself on providing clients with a non-traditional law firm experience focusing on direct attorney-client contact (she gives clients her private cell phone number), diligence, & straightforwardness. It uses modern technology to elevate efficiency and build client case values. Listen in as Gordi and I discuss: ✅ What influenced her to want to be a lawyer even at an early age ✅ Her journey from serving as an Assistant Attorney General and public service work to personal injury lawyer (and the mindset shift that helped her make the transition) ✅ What turns her off about most personal injury marketing, why she thinks it hurts the profession, and what she’s doing differently ✅ What she did as a new law firm owner to keep her business growing during the COVID pandemic ✅ How she overcame her fear of being in videos on social media and created a successful brand ✅ What she looks for in hiring her staff and why she’s found it to be more important than a particular skillset. ✅ Her number one piece of advice to women lawyers who want to start and scale a law firm business (Hint: Don’t expect her to sugarcoat it.) ✅ And much more! Go here to listen → https://lnkd.in/g_N3Gr5q

Back in the day, breaking into the plaintiff's side of law was a real challenge. While studying law, the opportunity to intern at a standout plaintiff's firm in Macon was a game-changer. Post-law school, the ambition was to continue on the plaintiff's path. However, the landscape back then was tough; plaintiff's firms weren't as plentiful as they are today. The norm was to secure a position early, and more often than not, that meant starting on the defense side. That's what happened—six months on the defense, before finally making the transition to a plaintiff's firm. It's fascinating how the legal industry has evolved, making it somewhat easier for new lawyers to find their footing on the plaintiff's side. For a deep dive into this journey and the shifts in the legal job market, check out the latest episode of The Renegade Lawyers Podcast. Find the link to the full episode in the first comment below. #Lawyers #LegalCareer #PlaintiffsLaw #DefenseLaw #CareerTransitions #LawSchool #RenegadeLawyersPodcast

In today’s episode of the Wealthy Woman Lawyer® podcast, I share my thoughts on a critical topic facing law firm owners these days: handling the sudden loss of multiple employees. This discussion was inspired by recent conversations with women law firm owners facing the challenge of high turnover, the emotional toll it can take on the owner of a small firm, and practice steps to keep you moving forward it this happens to you. Listen in as I discuss: ✅ The reality of employee turnover in law firms and how to move ahead when several employees leave at once. ✅ 6 external factors driving high turnover. ✅ Strategies you can implement to help you move on quickly (and with grace). ✅ Why (and how) you should ABR (Always Be Recruiting). ✅ The essential mindset shift for law firm owners who are scaling and want to cultivate a reliable, loyal team. (Plus the exact next steps to take if you want to build a law firm business that functions without you being on call 24/7/365). Go here to listen → https://lnkd.in/guz6HsgV LINKS TO LOVE: Are you beyond ready to pull yourself out of the daily grind of running your solo or small law firm and start building a profitable, sustainable, wealth-generating law firm that runs itself instead of running you into the ground? If so, I highly encourage you to watch my free training now. If you love the Wealthy Woman Lawyer® podcast, you’ll love this training even more. Register here: Build a Wealth-Generating Law Firm: 3 Strategies for Women Law Firm Owners That Double Your Revenue Without Doubling Your Workload. https://lnkd.in/gMBu-55T