The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners

On this episode of The Lawyer Millionaire Podcast, host Darren Wurz provides an in-depth analysis of year-end tax planning for law firm owners. Darren covers a range of strategies from maximizing retirement contributions to effectively managing income fluctuations and making charitable donations. He also highlights the importance of avoiding common tax pitfalls, ensuring that listeners are fully equipped to reduce their tax liabilities and enhance their wealth accumulation efforts.

Are you prepared to take full advantage of every potential deduction and tax-saving opportunity?

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In today’s fiercely competitive legal industry, maintaining a robust online presence is crucial. However, with the rapid introduction of AI technologies, your SEO strategies might be at risk.

On this episode of The Lawyer Millionaire Podcast, host Darren Wurz and digital marketing expert Kevin Daisey uncover how AI could potentially harm your law firm’s SEO efforts and the steps you need to take to protect your digital footprint.

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Are you struggling to manage your law firm’s growth amidst the chaos of daily operations and client demands? In our latest episode of “The Lawyer Millionaire Podcast,” we uncover the secrets to building a thriving law practice with Jon Groth, owner of Groth Law Firm. Discover how Jon transformed his firm from a solo practice to a 30-person powerhouse using the Entrepreneurial Operating System (EOS).

In this episode, Jon Groth sits down with host Darren Wurz to discuss his journey from a basement start-up to an expanding law firm looking for new office space. Jon shares how implementing the EOS has revolutionized his business, enabling better delegation, efficient processes, and a supportive team structure. He dives deep into the day-to-day operations of running a 30-person law firm, emphasizing the importance of structured meetings, regular performance reviews, and proactive case management.

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As a busy law firm owner, do you find yourself constantly putting off financial planning? Maybe you already have an advisor, or you think you’ll dive into the nitty-gritty of your finances “when the time is right.” These well-intentioned delays might be costing your firm more than you think. Join us on this eye-opening episode of The Lawyer Millionaire podcast, where host Darren Wurz breaks down the top excuses law firm owners use to avoid hiring a financial planner—and why those excuses are hurting your bottom line.

Darren discusses:

Why integrating a new financial planner with your existing advisors can enhance and streamline your wealth strategy.

How his flat monthly fee offers unparalleled value compared to industry standards.

Overcoming the myth that comprehensive financial planning requires an enormous time investment from you.

How automated systems and expert oversight can take the heavy lifting off your shoulders.

Why waiting for the “perfect” time to start financial planning is a trap, and what early adoption can do for your financial health and peace of mind.

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Are you a law firm owner struggling with financial planning that just doesn’t seem to fit?

On this episode of the podcast, host Darren Wurz takes listeners through his personal story—leaving a stable teaching career to embrace the rocky road of entrepreneurship in financial planning. But he didn’t stop at just building a business; Darren found his niche working solely with law firm owners, who, he realized, were severely underserved by traditional financial planning methods.

Filled with anecdotes, hard-learned lessons, and industry insights, this episode delivers a compelling argument for why law firm owners deserve bespoke financial services.

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As election season approaches, the inclination to let political developments sway your investment decisions becomes almost irresistible. However, the consequences of doing so could be financially detrimental. In the latest episode of The Lawyer Millionaire Podcast, host Darren Wurz unpacks why keeping political considerations out of your portfolio strategy is imperative for long-term financial success.

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In a landscape where the billable hour increasingly feels like a relic of the past, could there be a more efficient and lucrative way to run your law firm?

On this episode, guest Mathew Kerbis details the numerous advantages of shifting from the traditional billable hour to a subscription-based model. As the founder of “Subscription Attorney LLC,” he shares his experience in establishing this new paradigm, highlighting its financial benefits and operational efficiencies. Matthew explains how this model has enabled his firm to achieve predictable revenue streams, significantly lower operating costs, and enhanced client engagement.

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Are you ready to take your law firm to the next level? In this engaging episode of The Lawyer Millionaire Podcast, host Darren Wurz dives into the crucial topic of business planning and its transformative impact on law firms.

A robust business plan is not just a document; it’s a strategic tool that directs your firm’s growth, enhances profitability, and ensures long-term stability. This discussion illuminates how a well-structured plan can potentially elevate your firm’s profits by 70%, securing a clearer, more prosperous path forward.

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Is your law firm’s growth stalled at the planning stage? It’s time to transform those strategic ideas into actionable steps. On this crucial episode of The Lawyer Millionaire Podcast, host Darren Wurz explore the fundamental necessity of relentless execution for law firm success.

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As a law firm owner, do you often feel trapped in the endless cycle of managing every single detail of your practice? If you’re constantly bogged down by daily operations, it’s time to learn the magic of delegation. Discover how you can transform your practice into a self-sufficient, thriving business in the latest episode of The Lawyer Millionaire Podcast.

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