Unlocking Law Firm Growth with Moshe Amsel: Finances and Beyond
Aug 12, 2024
Recap:
In this episode of the Passive Income Lawyer series, Joey interviews Moshe Amsel, an expert in helping law firms grow into profitable, self-sustaining businesses. Moshe shares strategies on how lawyers can scale their firms by hiring the right staff, particularly another attorney, and making smart investments in marketing and operations.
Moshe emphasizes the importance of shifting from a practitioner mindset to a business owner mindset, which is crucial for long-term success. He also discusses various funding options, such as SBA loans and business lines of credit, that can help law firm owners accelerate their growth.
The episode offers actionable advice on how to plan and execute a path to a million-dollar law firm. Moshe wraps up by inviting listeners to book a strategy session to explore how they can apply these strategies to their own practices.
Follow him on social:
Show Notes
00:00 - Introduction to the series
01:00 - Joey introduces Moshe Amsel
05:00 - Common scaling mistakes
08:00 - Importance of hiring another attorney
10:30 - Shifting to a business owner mindset
19:00 - Overview of funding options
25:00 - Costs of hiring and marketing
31:00 - Overcoming fears of taking loans
34:00 - Marketing manager vs. agency
41:00 - Opportunity cost of delaying growth
44:00 - Case study: Scaling to $1M revenue
53:00 - Tools for financial planning
01:03:00 - Fast growth vs. slow growth
01:07:00 - Free strategy session offer
01:15:00 - Final reflections from Moshe
01:18:00 - End of episode
