The brainchild of attorney, Ken Hardison, PILMMA will help you scale your law firm for greater growth and success through membership-based opportunities.
The brainchild of attorney, Ken Hardison, PILMMA will help you scale your law firm for greater growth and success through membership-based opportunities.
The brainchild of attorney, Ken Hardison, PILMMA will help you scale your law firm for greater growth and success through membership-based opportunities.
We all have unique abilities, including both strengths as well as weaknesses. One of the biggest keys to success is learning to focus your time, energy, and efforts on developing and using your strengths.
Stop trying to focus on developing your weaknesses. Now I’m all about self-improvement, don’t get me wrong. But, when it comes to growing your law firm, you need to shift your mindset. Spend more of your precious time leveraging your strengths than trying to improve your weaknesses. Develop your Strengths and Delegate your Weaknesses. Once you begin to operate with this mindset, you will see dramatic results.
For example, I’m a great “idea guy,” but I’m not naturally good at the details needed to implement my ideas. I’m just not a nuts-and-bolts guy. I see the big picture. I can see what the obstacles are going to be, but as far as getting down and doing the step-by-step process needed to get the idea accomplished, it’s just not one of my strengths.
So how do you deal with this? Once you realize what your strengths are, then hire people and surround yourself with others whose strengths are your weaknesses. As a law firm owner, you can’t do everything. You can’t wear all the hats- Well, you can, but when you do, you keep yourself from growing and completely burn yourself out in the process.
Some people have problems with this concept of delegating. They don’t want anyone around them who is smarter than they are in certain areas. Or they truly believe that no one else can do a task better than they can. But operating under that kind of mindset is a sure-fire way to NOT be successful. Be secure in your own talents and abilities. Check your ego at the door.
If your passion and strength is trying cases and you don’t like the business aspects of the law firm, then hire someone to manage and market your firm- Conversely, if your strength is management and marketing, then hire other lawyers to try the cases. IF your passion is marketing, but you hate management, then hire someone whose gift and passion is management.
Read More: https://www.pilmma.org/blog/6-key-principles-to-building-a-better-personal-injury-law-firm-part-2/
Buying a Law Firm is Law Firm Growth on Steroids. And Selling your Law Firm can be your Perfect Exit Strategy-
But Growth by Acquisition can be tricky business – Making this strategy work is all about picking the right firm, at the right time, at the right price and going about the purchase the right way.
In Part 1 of this 2-Part Series on Buying and Selling Law Firms, I introduced the concept of Law Firm Growth by Acquisition – including...
Law Firm Outsourcing with Virtual Assistants is a hot topic in 2022 for law firm owners all across the country. Some lawyers swear by it while others shun the idea altogether. Is Virtual Assistant outsourcing right for your firm?
First – let’s start with the misnomer – Virtual Assistants aren’t limited to off-site legal assistants.
The term encompasses any off-site or offshore contractors hired to provide services for your firm that had traditionally been performed in-house. This could include a litany of activities, from answering the phones, handling intake screening, medical records retrieval, or even traditional paralegal and attorney services such as case prep, drafting or responding to discovery, drafting documents, and performing legal research.
While many of the above questions seem random, and frankly wide in scope, there is, in fact, a calculated reason behind each one. And the countless others that need to be addressed. Historically, custom-designed television media buying strategies have been the driving force behind successful law firm marketing. And to a degree, that still holds true even in today’s digital world. However, it’s the implications of that digital world which call for the above questions.
Data is powerful because it allows you to make improvements as you go. Not only does it help you understand your customers’ behavior, but it also enables you to predict market behavior, streamline processes, and answer many of the questions you really need answered as a business.
Although data is powerful, consolidating it when it’s scattered around can be challenging to say the least. This is where Google Analytics comes in: It helps you measure your advertising, website, and social channels’...
Some Law Firm Growth Strategies are not for the faint at heart – but bold moves can yield huge returns – especially when it comes to Law Firm Growth by Acquisition.
Here’s what we know right now: There’s never been an easier time to obtain equity or SBA Fund Financing for law firm acquisitions than today. In years past, these companies perceived law firms as too risky – or speculative to value. Not so in 2022. More available cash means growing...
