In this bonus episode of the Profit First for Lawyers podcast, we hear about the common pitfalls law firm owners face and how to overcome them. This episode is packed with actionable advice by experts from How To MANAGE a Small Law Firm and law firm owners to help you grow your business.
Key Pitfalls and Solutions:
Underperforming Employees (Evelyn Aucoin)Don’t hesitate to let go of toxic or underperforming employeesThe cost of keeping them affects your law firm’s culture and performanceDIY Mentality (Nichole Hanscom)Avoid the “I’ll do it myself” trapFocus on your zone of genius and delegate other tasksPhone Dependency (Bradley Phillips)Taking the phone out of your hands forces you to create systemsThis leads to better organization, intake processes, and client satisfactionSales Mindset Issues (Tania Music)Don’t tie your self-worth to sales outcomesStay curious and focused on understanding clients’ needsInefficient Task Distribution (Beckie Moriello)Assign tasks to the lowest paid competent employeeIt’s about serving clients better, not being “too good” for certain tasksFinancial Oversight (Sherri Mansell)Review your numbers monthlyIt’s not too late to course correct, get started nowMarketing Metrics (Brian Horn)Know your numbers for all marketing channelsCreate easily accessible dashboards for quick insightsMarketing Spend Control (Sarah Phillips)Track the source of every leadBe ready to quickly fire underperforming vendorsCommitment to Goals (Erika Ferenczi)Give yourself fully to your goalsIf you say yes to something, play all inKey Takeaways
Regularly assess and address issues with employees and task distributionImplement systems that allow you to focus on high-value activitiesStay client-focused on your sales and service approachMaintain a close eye on your financials and marketing metricsCommit fully to your goals and decisionsConnect and Engage
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