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
Starting Your Firm Right: The Power of Relationships with Daniel Scola - 480
Shownotes can be found at https://www.profitwithlaw.com/480.
He started with just a fax machine and a phone line.
Listen to this episode of the Profit with Law Podcast, where host Moshe Amsel sits down with Daniel Scola, managing partner of Hoffman and Baron, who reveals his unique path from chemist to patent attorney, inspired by witnessing his father's inventions stolen and fueled by a desire to protect ideas. Together, Moshe and Daniel dive into the nuts and bolts of law firm growth—including landing those critical first clients through relationship-building, managing the financial realities of hiring and training in a highly specialized field, and the mindset necessary for long-term success in a competitive market.
Tune in now for honest, practical advice and powerful storytelling from an attorney whose journey will inspire anyone looking to take their law firm to the next level!
Chapters:
[00:00] Who is Daniel Scola?
[04:27] The Inspiration Behind Daniel's Legal Career
[08:23] Early Career and Entry into Patent Law
[10:26] Founding the New Jersey Office: Taking the Leap
[15:04] The Power of Leveraging Personal Networks for Growth
[17:34] Realizing the Need for a Team: When to Hire and How
[20:35] Training New Talent and Creating a Reward System
[24:04] Approaching Financial Stress During Early Growth
[26:09] Hiring Experienced Attorneys vs. Training New Talent
[27:44] Parting Wisdom
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
$100M Offers: How To Make Offers So Good People Feel Stupid Saying No by Alex Hormozi
Connect with Daniel Scola: Website | Email
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/