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Monthly Archives: December 2013

How To Invest In Your Law Practice When You Don’t Have Extra

How To Invest In Your Law Practice When You Don’t Have Extra

A few weeks ago, I wrote about how to invest in your law practice and grow it into the business you really want. But, what about when you don’t have any extra to invest? Then what? In this article, I provide three places to look for the extra you don’t think you have. I didn’t have any extra to invest when I started my law practice. Not a penny extra. I didn’t have any cash in savings, just a little in my retirement account and no wealthy family to back me if I failed. I put myself through college and … Continue reading »

About the Contributor
Alexis Neely is a bestselling author and has been a frequent guest on numerous network talk shows and news broadcasts. After graduating first in her law school class from Georgetown Law, Alexis clerked for Senior Judge Peter T. Fay on the 11th Circuit Court of Appeals and then began her career at the #1 AmLaw rated firm of Munger, Tolles & Olson. She went on to build her own law practice into a million dollar a year revenue generator within just three years by creating a revolutionary New Law Business Model you’ll hear about on the call. She is a leading expert on teaching lawyers how to attract more clients, engage those clients at higher fees,* and to serve those clients using this completely different law business model. Lawyers using Alexis’ systems report far more happiness, bigger bank accounts, and that they love being lawyers again.

Suffering is Optional, Growth is Not: Four Invitations to Release the Pain of Being a Lawyer

Recently, Alexis wrote an amazing post about the pain of being a lawyer. I’d like to talk a little more about that because so many (not all!) of my colleagues experience their professional lives unhappily and joylessly. Even folks I graduated with are already showing wear and tear from the traditional law business model—their enthusiasm falling flat. It’s no coincidence that lawyers have one of the highest alcoholism/addiction rates of any profession… The way the law is currently practiced is soul-sucking! Lawyers are a focal point of people’s suffering. We bear the weight of others’ inability to resolve their conflicts … Continue reading »

About the Contributor
Martha Hartney
Martha Hartney's is a successful Estate Planning lawyer in Colorado and co-creator of the Estate Planning Bootcamp. As a Law Business Mentor her greatest hope is to help other lawyers claim, or reclaim, the joy and the spiritual pursuit of being a lawyer.

Do You Know The Value Of Investing In Your Law Practice?

When I first started out in my law practice, I never imagined I would invest money in its growth. I had this idea that I would just generate the revenue I needed to cover my pay and rent. I didn’t imagine I would have a team, or even really my own office… not in the beginning. A computer, a used desk, rented office space from another firm in town (that I traded my time in exchange for the rent so I didn’t even have to pay out of pocket), some office supplies and I was IN business! Quickly though, I … Continue reading »

About the Contributor
Alexis Neely is a bestselling author and has been a frequent guest on numerous network talk shows and news broadcasts. After graduating first in her law school class from Georgetown Law, Alexis clerked for Senior Judge Peter T. Fay on the 11th Circuit Court of Appeals and then began her career at the #1 AmLaw rated firm of Munger, Tolles & Olson. She went on to build her own law practice into a million dollar a year revenue generator within just three years by creating a revolutionary New Law Business Model you’ll hear about on the call. She is a leading expert on teaching lawyers how to attract more clients, engage those clients at higher fees,* and to serve those clients using this completely different law business model. Lawyers using Alexis’ systems report far more happiness, bigger bank accounts, and that they love being lawyers again.

Why Does it Feel So Painful to Be a Lawyer Sometimes?

There are certain parts of being a lawyer that are particularly hard… Especially, if you’re a lawyer who cares. The traditional business model is broken. If you are trying to make it work, you know it. You’re too busy. Not serving your clients in the way you want. Probably not commanding fees you know you could (or should). Even if you are making money, you’re struggling… To keep up… Constant worry… Anxiety and fear. You know it’s not supposed to be this way. It’s true. It’s not. And, you can do something about it. Here’s how: 1.  Take 100% responsibility … Continue reading »

About the Contributor
Alexis Neely is a bestselling author and has been a frequent guest on numerous network talk shows and news broadcasts. After graduating first in her law school class from Georgetown Law, Alexis clerked for Senior Judge Peter T. Fay on the 11th Circuit Court of Appeals and then began her career at the #1 AmLaw rated firm of Munger, Tolles & Olson. She went on to build her own law practice into a million dollar a year revenue generator within just three years by creating a revolutionary New Law Business Model you’ll hear about on the call. She is a leading expert on teaching lawyers how to attract more clients, engage those clients at higher fees,* and to serve those clients using this completely different law business model. Lawyers using Alexis’ systems report far more happiness, bigger bank accounts, and that they love being lawyers again.

Why Don’t You Charge What You’re Worth?

A few weeks ago, I asked over 8000 subscribers (lawyers) to our weekly Law Business Mentors Newsletter: “Why are you charging less than what you’re really worth?” Here’s what we got back: 51% – are afraid their prospects won’t engage if they charge more. 15% – don’t see how they can charge more in the field they are in. 14% – can’t because their fees are set by the firm they work for. 10% – don’t believe what they offer is worth more than what they’re charging. 9% – are still billing hourly, and hate nickel-and-dime invoicing. Interesting results. More than … Continue reading »

About the Contributor
Craig Allan
Craig Allan is co-founder and President of New Law Business Model. He has over 11 years experience building marketing-based businesses with integrated online systems. Craig believes that family is the most important unit of society and feels lawyers have a unique responsibility to positively impact families, communities and future generations.