Protecting Your Law Firm’s Profitability in Challenging Times
As you’re likely aware, the U.S. is facing challenging economic times, and many of my colleagues are feeling the pressure. You might be experiencing it too.
That’s why I’ve dedicated a few episodes of the podcast to exploring how to protect your practice’s profitability and income during these uncertain times.
In this episode of Great Practice. Great Life.®, Steve will share the story of Reggie, a bright, idealistic young lawyer passionate about justice and helping the underserved. Reggie’s journey is an inspiring example of how to prioritize efficiency, overcome resistance, and implement strategies to boost profitability as an attorney.
Join me as we dive into Reggie’s story and uncover nine actionable takeaways you can apply to your law firm to build not just a thriving practice, but a fulfilling life.
Inside This Episode
- How Reggie improved the management of the first firm he worked for and the results of his efforts after just two years.
- Three key strategies he put in place with the help of a coach.
- How he carried those strategies onto the next firm he worked at.
- Why Reggie encouraged his partners to time track.
- How the billable hour model developed.
- Nine takeaways from Reggie’s story.
