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
How Law Firms Can Leverage Compensation Plans to Meet Strategic Goals with Brenda Barnes and Camille Stell - 468
Shownotes can be found at https://www.profitwithlaw.com/468.
Do you want to learn the secrets of leveraging attorney compensation for a more profitable law firm?
Join Moshe Amsel as he welcomes guests Brenda Barnes and Camille Stell to explore the intricacies of attorney compensation on the Profit with Law Podcast. Dive into the details of their co-authored book, "Respect: An Insight into Attorney Compensation Plans," and uncover strategies for using compensation to align with firm goals, enhance productivity, and create a fulfilling work environment. Brenda and Camille share insights on setting up performance-based compensation, understanding the motivations behind partnership tracks, and avoiding common pitfalls in pay structure.
Listen now to transform your firm’s compensation strategy and drive growth while maintaining a thriving workplace culture!
Chapters:
[00:00] Introduction to Brenda Barnes and Camille Stell
[20:01] Connecting compensation with your culture
[30:24] How much should you compensate?
[35:04] Compensation bias
[40:26] Path to Partnership
[46:03] The right time to implement strategic compensation plans
[60:06] Brenda Barnes and Camille Stell’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
Book your FREE strategy session today!: profitwithlaw.com/strategysession
Send an email to info@dreambuilderfinancial.com to get access to Motivate the Unmotivated with Performance Based Compensation, Moshe’s talk from the Law Firm Growth Summit.
Connect with Brenda Barnes: Website | Personal LinkedIn
Connect with Camille Stell: Website | Company LinkedIn | Personal LinkedIn
Respect: Insight to Law Firm Compensation by Brenda Barnes and Camille Stell - https://lawofficemanagementbooks.com/
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.
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/