Zero to 1 (Million) with Devon Slovensky

Maximum Lawyer

MP3•Αρχική οθόνη επεισοδίου

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πριν 2 χρόνια 20:04

Are you a lawyer looking to build a million-dollar law firm? Devon Slovsky's presentation on "Zero to 1 Million" provides valuable insights and practical tips on how to grow your firm. In her talk, Devon emphasizes the importance of having the right mindset and overcoming fear to take risks.

She encourages listeners to implement good standard practices and warns that the bootstrapping early success is not sustainable in the long term, so there is a shift needed to uplevel.

Devon also stresses the importance of systematizing processes and improving management skills to serve a wider client base. She advises on two basic tools to build out early in your law firm: a chart of accounts and a firm budget. Having these tools in place, even for small firms, will be essential for future growth and making accurate projections.

Moreover, Devon shares some surprising things that financially improved her business, including hiring a professional accountant and having organized books and financial records. She also encourages paying yourself a market wage and providing benefits like health insurance, short-term disability, long-term disability, and life insurance for your staff.

So, if you're ready to take your law firm to the next level, take a cue from Devon and start implementing these valuable tips today.

03:54 The importance of being prepared to pay market prices when starting a law firm

06:09 The importance of paying yourself a market salary

07:43 Building a detailed budget and chart of accounts early on

10:53 Finding your firm's natural billing rhythm

14:12 Hiring an expensive professional accountant

15:07 Market wage and the mindset shift that came with it

15:50 Adding health insurance, short-term disability, long-term disability, and life insurance benefits for your staff

18:06 Starting with new clients to change their expectations

🎥 Watch the full video on YouTube here.

Connect with Devon:

Resources:

Join the Guild Membership
Subscribe to the Maximum Lawyer Youtube Channel
Follow us on Instagram
Join the Facebook Group
Follow the Facebook Page
Follow us on LinkedIn

Resources:

Join the Guild Membership
Subscribe to the Maximum Lawyer Youtube Channel
Follow us on Instagram
Join the Facebook Group
Follow the Facebook Page
Follow us on LinkedIn

800 επεισόδια

#Business #Marketing #Entrepreneur #Firm #Law #Jim Hacking #Tyson Mutrux #Lawfirmmarketing #Brand #Employee #Lawyers #Solopreneurs

Maximum Lawyer

Zero to 1 (Million) with Devon Slovensky

Maximum Lawyer

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published πριν 2 χρόνια

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MP3•Αρχική οθόνη επεισοδίου

She encourages listeners to implement good standard practices and warns that the bootstrapping early success is not sustainable in the long term, so there is a shift needed to uplevel.

So, if you're ready to take your law firm to the next level, take a cue from Devon and start implementing these valuable tips today.

03:54 The importance of being prepared to pay market prices when starting a law firm

06:09 The importance of paying yourself a market salary

07:43 Building a detailed budget and chart of accounts early on

10:53 Finding your firm's natural billing rhythm

14:12 Hiring an expensive professional accountant

15:07 Market wage and the mindset shift that came with it

15:50 Adding health insurance, short-term disability, long-term disability, and life insurance benefits for your staff

18:06 Starting with new clients to change their expectations

🎥 Watch the full video on YouTube here.

Connect with Devon:

Resources:

Join the Guild Membership
Subscribe to the Maximum Lawyer Youtube Channel
Follow us on Instagram
Join the Facebook Group
Follow the Facebook Page
Follow us on LinkedIn

Resources:

Join the Guild Membership
Subscribe to the Maximum Lawyer Youtube Channel
Follow us on Instagram
Join the Facebook Group
Follow the Facebook Page
Follow us on LinkedIn

800 επεισόδια

#Business #Marketing #Entrepreneur #Firm #Law #Jim Hacking #Tyson Mutrux #Lawfirmmarketing #Brand #Employee #Lawyers #Solopreneurs

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πριν 10 weeks4:14

4:14

In this episode, Tyson Mutrux introduces the 2024 State of the Firm Survey —a groundbreaking initiative designed to help law firm owners grow and scale their practices. Tyson explains how the survey aims to answer key questions many firm owners have about compensation, benefits, operations, and more. By participating in this anonymous survey, law firm owners can contribute to a valuable resource that benefits the entire legal community. The results will be shared in late January 2024 through a live show and downloadable report. For those who wish to receive the report early, there's an option to provide an email after completing the survey (completely optional and separate from the anonymous responses). Take the survey now at maxlawsurvey.com — rising tides raise all boats! Key Takeaways: The survey is completely anonymous and takes 10–15 minutes to complete. Results will provide insights on law firm operations, compensation, and benefits. The live results show is scheduled for late January 2024. Contribute to a collaborative effort to grow and improve law firms nationwide. Visit maxlawsurvey.com now to participate and help create a powerful resource for law firm owners everywhere! Resources: Join the Guild Membership Subscribe to the Maximum Lawyer Youtube Channel Follow us on Instagram Join the Facebook Group Follow the Facebook Page Follow us on LinkedIn…

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Finding Your Niche: Trademark Law and Education with Sonia Lakhany 1:14:08

πριν 10 weeks1:14:08

1:14:08

Watch the YouTube version of this episode HERE Are you interested in learning more about trademark law? In this episode of the Maximum Lawyer podcast, host Tyson chats with Sonia Lakhany, who discusses her journey in trademark law and her educational brand, 4L. 4L provides legal education in trademark law and can help you understand how to brand a business. 4L is all about providing continuing education to lawyers in a way that has not been done before. It not only tells you what something is, but shows you how to do it, which is a concept that is not popular in the legal field. With experience in trademark law, Sonia began teaching a 2 week course in trademark law which catapulted the business to delivering more courses to help people understand how to trademark and brand a business. Sonia speaks to the attractiveness of trademark law in comparison to other areas. Trademark law allows for more autonomy and flexibility due to not having to be in a courtroom or having multiple teams doing different work in order to achieve one goal. There is a small barrier for entry in trademark law, which makes it more lucrative as a practice. Listen in to learn more! 2:36 The purpose of Pharrell as an educational brand 7:23 The importance of trademark considerations in branding 12:19 The significance of branding in establishing a recognizable identity 30:26 Why trademarks are an attractive area for attorneys Tune in to today’s episode and checkout the full show notes here . Connect with Sonia: Website Instagram Facebook Linkedin Youtube…

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Never Multiply by Zero with Tyson Mutrux 21:40

πριν 10 weeks21:40

21:40

Watch the YouTube version of this episode HERE Are you looking for some advice on how to maintain a successful law firm? In this episode of "Maximum Lawyer," host Tyson explores the concept of "never multiplying by zero," inspired by Chris Williamson. Tyson applies this mathematical principle, in four ways to law firms. This concept means that anything multiplied by zero always equals zero. As it relates to law firms in particular, a “zero” will cancel out everything else. For example, if a law firm is doing exceptionally well, but there is one area or team that is dropping the ball, it can negate all the hard work the firm is doing. When it comes to clients, many will disregard all the great things you did with their case if you failed or underperformed in one area. This rule drives home the idea that as a lawyer, you need to avoid pitfalls instead of amplifying successes every time. This concept can also be used when talking about client neglect. Clients bring in the business, money and success for a firm. Without clients, a firm would cease to exist. It is important to ensure you are communicating with clients and meeting their expectations. Focus on maintaining the clients you have instead of trying to sign new clients.This will ensure clients are happy and that they refer people to you. Listen in to learn more! 2:09 How a single critical area of failure can negate a law firm's successes 3:16 The need to focus on avoiding pitfalls 7:08 How ignoring client needs can potentially damage a firm’s reputation 18:29 How clear goals help in making informed decisions Tune in to today’s episode and checkout the full show notes here .…

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Content That Converts: How to Build a Social Media Strategy for Your Law Firm with Rob Freund 1:03:44

πριν 11 weeks1:03:44

1:03:44

Watch the YouTube version of this episode HERE Are you a lawyer who wants to work in social media or with influencers? In this episode, Tyson Mutrux interviews Rob Freund, who specializes in influencer marketing and legal compliance. They discuss the intricacies of advertising regulations, and the challenges brands face when working with influencers. Rob and Tyson talk about how lawyers can implement social media within their work. The easiest way to do this is by posting information that current or past clients have struggled with or a piece of legal information that you think members of the public would like to know. You can relate it back to a pop culture issue or current event happening. Most people enjoy keeping up with pop culture or current events, so linking it back to law can peak people’s interest. Working with influencers as a lawyer can be a difficult thing to navigate. For lawyers, it is important to train your influencer on what their legal obligations are as it relates to disclosures and to have a monitoring program in place to help ensure the rules are being followed. Ensure to include this information in any contract with an influencer, so you as a lawyer are protected. Take a listen to learn more! 04:04 Rob's Social Media Strategy 10:47 Goals of Social Media Posting 12:14 Working with Influencers vs. Brands 14:21 Common Legal Pitfalls in Influencer Marketing 39:17 Deep Fakes and Legal Risks 43:33 AI and Future Litigation Connect with Rob: Website X Linkedin Tune in to today’s episode and checkout the full show notes here .…

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10 Powerful Prompts to Take Your Law Firm to the Next Level 14:11

πριν 11 weeks14:11

14:11

Watch the YouTube version of this episode HERE Are you a lawyer who is looking for ways to implement AI in their work? In this episode of the Maximum Lawyer Podcast, host Tyson Mutrux shares ten prompts for lawyers to enhance their firms using AI tools like ChatGPT. AI tools can be a saving grace for both lawyers and law firms alike. Tyson delves into the ones that can really change the game in the legal space. Legal research is a time consuming task, but it can be more efficient using ChatGPT. If you type in a prompt that is relevant to your work, not only with the tool pump out some standard information to get you started, but it will include citations, where you can be directed to the source to continue your research. When it comes to drafting documents, you can use AI tools, such as Notebook LM, to build out mediation statements. You can upload a template to the platform and ask it to build around the template. There are similar AI tools where you can work from the platform just like a word document, but all of the features are included, making the drafting process more efficient. Take a listen to learn more about how lawyers can use AI. 01:09 Using AI for Legal Research 04:52 Creating Standard Operating Procedures 09:32 Client Communication Automation 11:20 Scenario-Based Problem Solving 12:12 Client Feedback Surveys Tune in to today’s episode and checkout the full show notes here .…

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How Can Lawyers Balance Leadership and Family Life? with Tiffany Webber 1:14:45

πριν 12 weeks1:14:45

1:14:45

Watch the YouTube version of this episode HERE Are you a business owner who is looking for advice on how to better run your firm? In this episode, Tyson Mutrux chats with Tiffany Webber, a lawyer and firm leader about navigating the complexities of running a law firm while balancing a personal life. Tiffany speaks to some of the challenges she has faced while running a small organization. One of these challenges is having an open door policy with staff, where nothing can get done because there are always questions and concerns brought to her attention. Mitigating this for Tiffany involves setting boundaries with staff and saying no to things. Running a business involves staying connected with employees and ensuring they are set up for success. For Tiffany, it is important to know who fits best for your business and taking action to replace people if needed to make sure your business doesn't suffer due to underperformance. This also helps support staff who work hard and reward them for doing good work. It is also important to balance employee retention and happiness with good, effective client service so business is always prospering. Listen in to learn more! 02:11 Desire for Growth vs. Escape 05:23 Setting Boundaries for Personal Time 10:02 Challenges of General Practice Firms 11:43 Motivation for Joining the Firm 15:30 Desire to Fix Systems 18:23 Making Tough Calls Tune in to today’s episode and checkout the full show notes here . Connect with Tiffany: Website Instagram Facebook Linkedin Youtube…

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Speak These 5 Lines to Yourself Every Morning 10:50

πριν 12 weeks10:50

10:50

Watch the YouTube version of this episode HERE Are you looking for a new morning ritual? In this episode of the Maximum Lawyer podcast, Tyson Mutrux delves into a motivational speech by Jim Rohn, which he recently watched on YouTube. Tyson shares five key affirmations from Rohn's speech that individuals should recite each morning to foster a positive mindset and personal growth. The first affirmation is “today I choose to be positive”, which is something that can set the tone for a good day. The second is “I am grateful for all that I have”, which builds resilience and shifts the focus from scarcity to blessings. The third affirmation is “I am capable of achieving great things”, which reinforces the idea that you can achieve anything and to take action. The fourth affirmation is “I embrace challenges as opportunities for growth”, which helps you reframe your thinking into having proactive approaches to setbacks. The fifth and last affirmation is “I can take action towards my goals every day”, which emphasizes that small actions and discipline can lead to big things. Take a listen to learn more! 01:20 Affirmation 1: Choose Positivity 03:09 Affirmation 2: Gratitude 05:17 Affirmation 3: Believing in Potential 06:27 Affirmation 4: Embracing Challenges 08:28 Affirmation 5: Taking Action Tune in to today’s episode and checkout the full show notes here .…

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The Best Lessons Learned from Partnership Breakups and Fitness Transformations with Christopher Nicolaysen 1:03:25

πριν 13 weeks1:03:25

1:03:25

Watch the YouTube version of this episode HERE Are you a lawyer looking for some advice on personal and professional growth? In this podcast episode, host Tyson Mutrux engages in a deep conversation with Christopher Nicolaysen about personal and professional growth. Christopher provides some insight on the challenges of achieving both personal and professional goals through fighting through the boring stages of achieving those goals. Whether you are working on your fitness or wanting to open up a firm, it is the boring, everyday tasks that will get you to those goals. For example, eating the boring, healthy food and committing to working out at the gym are the things that will get you to those fitness goals. As it relates to the legal space, Christopher and Tyson chat about the importance of strong partnerships in a law firm. Blame can be a huge issue that leads to the end of both professional and personal relationships. It is fine to blame no one in some situations so people’s feelings are not hurt and those relationships can stand strong. It is important to assess a situation to determine if blame needs to be made or if something happened as a result of the business. Take a listen to learn more! 03:03 Data-Driven Approach 08:30 Long-term Fitness Mindset 11:23 Partnership Breakup Discussion 14:06 Molding a Partner's Vision 20:16 Misaligned Expectations 21:55 Confronting Difficult Conversations Tune in to today’s episode and checkout the full show notes here . Connect with Chris: Website Instagram Facebook Linkedin Youtube X…

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Best Prompt to Use in A.I with Tyson Mutrux 6:21

πριν 13 weeks6:21

6:21

Watch the YouTube version of this episode HERE Are you looking for a cool way to conduct research? In this episode of the Maximum Lawyer podcast, host Tyson Mutrux shares an effective research prompt he has been using to gather insights from experts. Tyson discusses a good prompt he uses to gather insights from those in the legal space. The prompt is: what are your favorite (lessons, tips and frameworks) from (expert, book, resource) about (topic). This is from the AI tool, Perplexity. The tool will pull aspects of the prompt from the Internet and answer the question for you. Perplexity will also provide links for you to find out more information about the prompt, which can help research various topics. Listen in to learn more about how to research more about any topic! 1:54 A prompt for gathering insights from experts on various topics 2:54 Utilizing the AI tool Perplexity for effective research and insights 3:53 Essential lessons on law firm management Tune in to today’s episode and checkout the full show notes here .…

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Navigating the Challenges of a Niche Market with Ashley Garbe Smith 1:08:27

πριν 14 weeks1:08:27

1:08:27

Watch the YouTube version of this episode HERE Are you a lawyer who is looking for some advice on starting a firm? In this episode, Tyson interviews Ashley Garbe Smith, an attorney and founder of AGS Law, which specializes in dental transitions. Ashley shares her journey of starting her law firm during the COVID-19 pandemic in 2020. Ashley provides some insights on the benefits and lessons learned from narrowing a practice as it relates to running a law firm. For Ashley, who used to work in the dental field, niching down in the legal space to do dental transitions was a familiar thing. For those who are hoping to narrow down a practice field, it is good to think about areas you already have expertise in. Did you focus on a specific practice in law school? Did you spend a year articling for a specific lawyer and learned the ins and outs of that field? Play to your strengths when you are thinking about narrowing or niching down your firm. It is no surprise that lawyers are very busy and suffer from burnout quickly. Ashley and Tyson chat about the importance of self care for lawyers. Most lawyers wear many hats and dedicating time to self care will not only allow you to last longer in the business but have a better outlook on life. Schedule self care into your busy calendar and make it known to your colleagues the importance of it. This can help you stay on track to dedicating time to it and show others that it matters to you so they respect that time. Listen in to learn more from Ashley! 03:01 Niche Practice Area Dynamics 04:58 Client Expectations in Niching 05:50 Benefits of Specialization 12:04 Challenges in Valuing Law Firms 13:08 Importance of Self-Care Tune in to today’s episode and checkout the full show notes here . Connect with Ashley: Website Instagram Facebook LinkedIn…

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5 Simple Ways to Expand Any Idea 6:37

πριν 14 weeks6:37

6:37

Watch the YouTube version of this episode HERE Are you looking for ways to make better content? In this episode of Maximum Lawyer, Tyson shares five simple yet effective ways to expand any idea, inspired by writer Dickie Bush . Tyson discusses the 5 things that can be used to expand not only an idea, but content. One way is to connect tips with an idea to relate it back to a core thought and propose an action step. The second is statistics and informing people of factual aspects of a topic to make it reliable. The third thing is to break ideas into steps to make an idea more digestible and easier for someone to understand. The fourth thing is adding stories to content, which can make content more memorable. And the last thing is quotes, which can be used to tie an idea back to reality and make it more believable to an audience. Listen in to learn more! 1:14 Expanding content ideas 2:09 Using reliable statistics to add authority to content 3:57 How stories make content more memorable and digestible 4:49 The effectiveness of using quotes to add credibility to content Tune in to today’s episode and checkout the full show notes here .…

Maximum Lawyer

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Insights on Growth, Marketing, and Client Service in Estate Planning with Paul Yokabitus 48:18

πριν 15 weeks48:18