Profit with Law: Profitable Law Firm Growth
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!
Profit with Law: Profitable Law Firm Growth
Transforming Cash Flow with Strategic Billing and Hiring with John Scott and Kip Bilderback - 463
Shownotes can be found at https://www.profitwithlaw.com/463.
Struggling to maintain consistent cash flow and effective case management in your law firm?
Join Moshe Amsel as he interviews John Scott, partner at Anders CPAs & Advisors, and Kip Bilderback, lawyer and business owner, on the latest episode of the Profit with Law Podcast. Discover the importance of standardizing billing processes, enforcing accountability through incentives, and utilizing tools like QuickBooks for accurate financial management. John and Kip share their insights on dynamic forecasting versus static budgeting, preemptive hiring strategies, and defining your firm's vision for growth. They also discuss practical steps for smaller firms to improve financial stability and the need to document business processes.
Listen now to learn how to turn your firm's financial and operational challenges into opportunities for growth and efficiency!
Chapters:
[00:00] Introduction to John Scott and Kip Bilderback
[04:10] Why Law Firms Struggle: Insights from Fractional CFOs and COOs
[10:41] Key Metrics for Law Firm Success
[16:59] Law Firm Growth Dilemma: Hire First or Market First?
[21:57] A Step-by-Step Guide to Strategic Scaling for Law Firms
[28:03] John and Kip’s Parting Piece of Advice
Resources mentioned:
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 John Scott: LinkedIn | Twitter (X) | Facebook | Instagram | YouTube | Tiktok
Connect with Kip Bilderback: LinkedIn | Twitter (X) | Facebook | Instagram
Get a FREE digital copy of John Scott’s book
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 info@dreambuilderfinancial.com.
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