Profit with Law: Profitable Law Firm Growth

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Small Law Firms often start from the practice of law and not as a business venture. This ends up causing the growth of the firm to be much longer and more painful than it needs to be. If you started a Law Firm with the intention of increasing your impact, freeing up your time and having all the money you will ever need then the strategies we discuss will be priceless for you. Profit with Law is a show focused on the business of running a law firm as a profitable venture. Packaging and pricing your services, getting clients consistently, growing your staff in a way that feels good to you and implementing systems and technology to set yourself up for success are all discussions you will find here on the show. Moshe Amsel the host of the Profit with Law podcast is not an attorney. He has spent 20 years as an executive in the IT industry before becoming an accountant and business advisor for small businesses. 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. Our mission is to empower all people with wealth creation so that this and future generations can lead a better life. We’d love nothing more than to do this by helping law firm owners on their journey. A law firm is not for practice it’s for profit! 

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Recent Hosts, Guests & Topics

Here's a quick summary of the last 5 episodes on Profit with Law: Profitable Law Firm Growth.

Hosts

Moshe Amsel

Previous Guests

Mark Bassingthwaite
Mark Bassingthwaite is a seasoned risk management expert associated with ALPS, a company specializing in providing insurance and risk management solutions for law firms. With extensive experience in the field, Mark has a deep understanding of the unique challenges that law firms face regarding cybersecurity and malpractice risks. He is dedicated to educating law firm owners on the importance of effective risk management strategies to protect their practices from potential threats.
Jennifer Goldman
Jennifer Goldman is a veteran consultant with over 30 years of experience in enhancing productivity and profitability for law firms. She specializes in operational roles and has a deep understanding of how visualization tools can improve clarity and accountability within organizations. Her expertise includes transitioning firms from task delegation to effective responsibility delegation, helping them identify and overcome business bottlenecks.
Conrad Saam
Conrad Saam is the founder of Mockingbird, a marketing agency that specializes in helping law firms navigate the complexities of digital marketing. With extensive experience in the legal marketing space, Conrad provides insights into effective marketing strategies and the importance of adapting to the changing landscape of client acquisition. He is known for his candid approach to discussing the challenges and opportunities within law firm marketing.

Topics Discussed

risk management cybersecurity malpractice insurance law firms wire fraud ransomware law firm growth revenue growth team assembly strategic investments innovative marketing investor mindset financial planning Virtual COO law firm productivity profitability visualization delegation business bottlenecks attorney business strategies E-Myth Who Not How 10x is Easier Than 2x goal setting law firm marketing marketing channels client acquisition Chief Marketing Officer business growth
Episodes

Here's the recent few episodes on Profit with Law: Profitable Law Firm Growth.

0:00 42:48

Why Your Law Firm Needs Effective Risk Management Strategies with Mark Bassingthwaite - 476

Hosts
Moshe Amsel
Guests
Mark Bassingthwaite
Keywords
risk management cybersecurity malpractice insurance law firms wire fraud ransomware

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/476

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 Bassingthwaite, 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. 

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 management strategies!


Chapters:

[00:00] Introduction to Risk Management with Mark Bassingthwaite 
[03:00] Mark’s Journey into Risk Management 
[06:22] Cybersecurity Risks in Law Firms 
[07:10] It Can Happen to You: Real Life Wire Fraud 
[11:23] Understanding Cyber Security Threats
[13:58] How Does Ransomware Apply to Me?
[15:47] Understanding Cybersecurity Threats and How to Prevent Them
[24:18] Malpractice Insurance Coverage Essentials
[26:33] ALPS and What They Can Do For Your Firm 
[27:58] Malpractice Insurance: What is it and Why Should I Invest?
[34:14] The Importance of Being Thorough in Your Firm’s Risk Management 
[35:49] Closing Thoughts and Key Takeaways




Resources mentioned:

Book your FREE strategy session today!: profitwithlaw.com/strategysession


Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! 

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here


Connect with Mark Bassingthwaite: Email | Website


ALPS Cyber guide



Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/


To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].


Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

0:00 38:33

$1.5MM in 12 months - The Blueprint - 475

Hosts
Moshe Amsel
Keywords
law firm growth revenue growth team assembly strategic investments innovative marketing investor mindset financial planning

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/475

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!.


Chapters:

[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 Options

[36:02] Profit with Law’s Elite Program




Resources mentioned:

Profit with Law Elite Fast Track

Book your FREE strategy session today!: profitwithlaw.com/strategysession


Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! 

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here

Get Staffed Up


Main Street Millionaire by Cody Sanchez



Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/


To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].


Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

0:00 35:56

The Role of a Virtual COO in Boosting Your Law Firm’s Profits with Jennifer Goldman - 474

Hosts
Moshe Amsel
Guests
Jennifer Goldman
Keywords
Virtual COO law firm productivity profitability visualization delegation business bottlenecks financial planning strategic investments

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/474

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!.


Chapters:

[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 Planning
[29:36] Leading Through Change with Visualization
[31:43] Making Strategic Investments for Business Growth
[34:18] Jennifer’s Parting Piece of Advice




Resources mentioned:

Book your FREE strategy session today!: profitwithlaw.com/strategysession


Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! 

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here


Lucidchart
Asana
Clio
Canva


Connect with Jennifer Goldman: Website | LinkedIn



Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/


To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].


Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

0:00 23:51

Attorney vs. Law Firm Investor: Your Identity is the Key to Exponential Growth - 473

Hosts
Moshe Amsel
Keywords
law firm growth investor mindset attorney business strategies E-Myth Who Not How 10x is Easier Than 2x goal setting

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/473.


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!




Resources mentioned:

Book your FREE strategy session today!: profitwithlaw.com/strategysession


Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! 

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here



Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/


To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].


Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

0:00 38:31

Unfiltered Marketing Truths for Law Firms with Conrad Saam - 472

Hosts
Moshe Amsel
Guests
Conrad Saam
Keywords
law firm marketing marketing channels client acquisition Chief Marketing Officer business growth profitability

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/472.


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!


Chapters:

[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




Resources mentioned:

Book your FREE strategy session today!: profitwithlaw.com/strategysession


Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! 

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here


Connect with Conrad Saam: Website



Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/


To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].


Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

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