Cold Hard Truths About Owning A Law Firm

There are a lot of misconceptions that people have about owning a law firm as a business because they focus on just doing well in their practice. The lawyering part you know already, but owning a law firm and knowing the cold hard truths of what it takes to be successful takes an entirely new perspective.  Many people will give you the wrong advice because they don't want to shock you with reality, but not me. In this episode, I want to talk about the cold hard truths of being the owner of a law firm and the journey of transcending the business to become the CEO you envision. In this episode we discuss: Four hard, cold truths about owning a law firm How broke is a state of being, more than it is a reality Why you can’t save your way out of being broke The positive results of evolving your thinking and your patterns Why you can’t punish your employees that are screwing up The mindset of the employee versus the entrepreneur versus the CEO Why you can’t expect the mediocre to evolve into rock stars The value of using an assessment when hiring A common tie between lawyering and self-esteem How committing to being the CEO will mean having to redefine yourself Balancing the energy of being a manager and the energy of being a leader Leadership versus management   Social Media www.LawFirmMentor.net   Contact Me: Text Us at 908 292 3524 Text Retreat to know more about the upcoming one. Book a Session with our Growth Strategists https://www.lawfirmmentor.net/speak-with-a-growth-strategist   Scheduler: https://meetme.so/LawFirmMentor   Allison Bio: Allison C. Williams, Esq., is the Founder and Owner of the Williams Law Group, LLC, with offices in Short Hills and Freehold, New Jersey. She is a Fellow of the American Academy of Matrimonial Lawyers, is Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney, and is the first attorney in New Jersey to become Board-Certified by the National Board of Trial Advocacy in the field of Family Law. Ms. Williams is an accomplished businesswoman. In 2017, the Williams Law Group won the LawFirm500 award, ranking 14th of the fastest-growing law firms in the nation, as Ms. Williams grew the firm 581% in three years. Ms. Williams won the Silver Stevie Award for Female Entrepreneur of the Year in 2017. In 2018, Ms. Williams was voted as NJBIZ’s Top 50 Women in Business and was designated one of the Top 25 Leading Women Entrepreneurs and Business Owners. In 2019, Ms. Williams won the Seminole 100 Award for founding one of the fastest-growing companies among graduates of Florida State University. In 2018, Ms. Williams created Law Firm Mentor, a business coaching service for lawyers. She helps solo and small law firm attorneys grow their business revenues, crush chaos in business and make more money. Through multi-day intensive business retreats, group and one-to-one coaching, and strategic planning sessions, Ms. Williams advises lawyers on all aspects of creating, sustaining, and scaling a law firm business – and specifically, she teaches them the core foundational principles of marketing, sales, personnel management, communications, and money management in law firms.