During this recent application period for our Personal Family Lawyer®/Family Business Lawyer™ programs, I’ve gotten this set of questions more than any other:
How much time will it take to build my practice the PFL Way? Or how much time do I have to devote to it? Can I do it part-time while I finish up something else?
Yes, indeed — this is a practice you can create part-time and on a shoestring… while you earn money doing something else, in the beginning.
Here’s what it can look like when you are building your law practice the PFL way…
Once you get going you’ll be engaging 1-5 new clients per week (depending on how part-time or full-time you want to or can be in your practice) at an average planning fee of $3000.
Do the math. That results in $3K-$15K per week. Or $12K-60K per month! (That’s just for new estate plans and doesn’t take into account your coming membership fees, business planning fees, post-death administration fees, or other add on services.)
How much work you do and how much you bring in all depends on how much you want to market your practice and how much time you want (or are able) to spend seeing and serving clients.
When you let us create your marketing for you (presentations, landing pages, educational content, postcards and letters), you can spend 2-10 hours per week seeing and engaging new prospective clients. Another 5-10 hours a week servicing those clients from prior weeks. And finally, 10 or so hours a week working on your business.
A 30-hour workweek? Simple.
Well, it is when you don’t have to reinvent the wheel.
If you DO have to (or try to) reinvent the wheel (which is what you’re trying to do if you DON’T do things the PFL/FBL way) forget it…
Add on another 10-15 hours for creating your marketing, double the number of hours you have to see new prospects because your engagement rate probably sucks or your fees are too low AND another 10 hours for scrambling due to not having any systems set up.
By trying to do it all yourself from scratch you just turned a 30-hour workweek into 60 and you just lost your life. What a waste.
Some people look at the investment in our programs — ranging between $997/mo and $1,497/mo — and they think to themselves, “that’s a lot of money” and rule it out on that basis alone.
But it’s the people who do that who end up paying the biggest price.
Isn’t saving yourself a precious 20-30 hours per week by letting us create your marketing, shortcut your errors and give you our systems end up being worth double or even triple the investment? I sure think so considering that even just one new client pays for our programs twice, or even three times over.
So, how much do you want to invest in your practice? And what do you really want it to look like after you do? Wouldn’t you like to invest your time, money and energy building something worth keeping.
Why not let us help you get back the one thing you can never make more of… your time.