NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz

Follow NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz
Share on
Copy link to clipboard

Welcome to the "NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz," where we empower you to transform your law practice into a business you truly love. Join us on a journey that will guide you to the depths of understanding why you went to law school, and how to turn your law degree into your most valuable asset. In each episode, Ali Katz takes you behind the scenes into real life coaching of lawyers who are doing it, they have invested and are taking action, and getting coaching from Ali and her team of Law Business Mentors each step of the way. Whether you're a seasoned law entrepreneur or just beginning to explore the possibilities of going out on your own, this podcast will serve as your compass, lighting up the path to building your business as an entrepreneurial lawyer in ways that take you beyond what you ever could have expected. Discover practical insights, expert advice, and inspirational stories designed to awaken your entrepreneurial spirit and ignite your journey from law school to passing the bar and using your law degree to build a business you love. From strategic business development to cultivating a mindset of abundance and doing the healing work to resolve anything and everything in the way of the life of your dreams, the "NewLaw Podcast" offers invaluable guidance simply not available anywhere else. Tune in and let's redefine what it means to be an entrepreneurial lawyer in today's ever-evolving legal and business landscape.

New Law Business Model


    • Feb 3, 2025 LATEST EPISODE
    • every other week NEW EPISODES
    • 23m AVG DURATION
    • 41 EPISODES


    Search for episodes from NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz with a specific topic:

    Latest episodes from NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz

    How Lawyers Like You Broke Free and Finally Found the Freedom They Desire & Deserve

    Play Episode Listen Later Feb 3, 2025 23:56


    What if you could hear proof — real, undeniable proof — that breaking free from burnout and frustration is not only possible, but it's already happening for lawyers just like you? Click Here

    Breaking The Burnout Barrier: How Traditional Law Models Lead to Burnout (...and What You Can Do Instead!)

    Play Episode Listen Later Jan 20, 2025 26:55


    Are you tired of feeling like you're running on empty, trapped by a legal system that doesn't appear to be designed to support you? Click Here

    What They Didn't Teach You in Law School (...and Why You're Hurting Because of It!)

    Play Episode Listen Later Jan 6, 2025 20:48


    37: Lessons from an Entrepreneurial Lawyer: Trish Butcher's Path to a Million-Dollar Firm

    Play Episode Listen Later Dec 23, 2024 26:28


    In this engaging episode of the NewLaw Podcast for Entrepreneurial Lawyers, Ali Katz interviews Trish Butcher, a former gym owner turned successful estate planning attorney, about her transformative journey turning her law practice into a business she loves.    Trish shares the pivotal moments and strategic decisions that led her to grow from working out of her home to owning a 5,000-square-foot law office building, all within just four years. Join Ali and Trish as they explore how setting strategic priorities and leveraging available resources can turn a simple law practice into a thriving, community-centered business.   Trish's inspiring story highlights the importance of investing in proper resources, both in technology and community building, to achieve rapid and sustainable growth. She candidly discusses the challenges of starting fresh in a new legal field and the smart investments that paid off massively, including joining New Law Business Model and becoming a Personal Family Lawyer firm leader right before the pandemic and shortcutting her learning and not reinventing the wheel, as a result. .   Key Takeaways:   Networking is Crucial: Focusing on community engagement and building relationships is essential for growing your law practice, especially in the initial stages. Invest in Learning and Support: Allocating resources to educate yourself and leverage external supports such as automation systems can free up time for more critical tasks. Delegate and Automate: Utilizing automation systems for follow-ups and scheduling lets you focus on client interactions and substantive legal work. Timing and Adaptation: Making strategic decisions and being adaptable, such as transitioning to estate planning during the COVID pandemic, can create significant opportunities for growth. Building a Sustainable Business: From starting in a home office to owning a full-fledged practice, Trish's story underscores the long-term benefits of investing wisely in your business infrastructure.

    36: The Power of Remote Staffing for Lawyers with Brett Trembly

    Play Episode Listen Later Dec 11, 2024 41:45


    In this inspiring episode of the NewLaw Podcast for Entrepreneurial Lawyers, Ali Katz welcomes Brett Trembly; CEO and co-founder of Get Staffed Up, and the founder of Trembly Law. Brett shares the incredible journey behind his successful book "24 Months to Freedom," emphasizing the critical role marketing plays in a book's success. He also opens up about his experience as a pioneer in the legal remote staffing arena, shedding light on the advantages and challenges of employing remote staff in the legal industry.   Listen as Brett details his evolution from a solo practitioner to running a thriving virtual staffing company that has positively changed hundreds of lives across the globe. Through this episode, Ali and Brett unravel the principles of leveraging remote work, the essentials of effective delegation, and how consistent marketing can transform a law practice into a flourishing business.   Key Takeaways:   Navigating the Legal Remote Staffing Landscape: Brett's early adoption and promotion of remote work within the legal arena illustrate the ongoing transition and growth of this innovative business model. The Power of Delegation: There is immense value in hiring staff to manage non-core tasks, enabling lawyers to focus on growth and client service. Overcoming Financial Fears in Hiring: Both Brett and Ali discuss the financial anxieties of hiring new employees and how commitment to action can unlock the necessary resources. Mindset and Decision-Making: The conversation highlights how active decision-making and overcoming limiting beliefs can create significant positive changes in one's professional and personal life. Importance of Marketing: Brett credits effective marketing strategies for the success of his book and encourages lawyers to adopt systematic marketing practices to ensure consistent growth.

    35: From $250k to $750k: How Not to Fall Into “The Crack”

    Play Episode Listen Later Nov 25, 2024 16:29


    Join us for a next level episode of the NewLaw Podcast for Entrepreneurial Lawyers, Ali Katz is speaking to those of you who are making the leap to scale from 250k to 750k, sharing how to navigate this part of the journey without falling into the cracks and pitfalls along the way that would keep you from reaching your goals. Ali, as always, shares how you can reach these goals while still having your time, attention, and energy, and how to enjoy the process along the way.    Key takeaways: Recognize the Critical Stagnation Points: Transitioning from $250k to $750k requires different systems and mindsets. Identifying and planning for these stagnation points can prevent your practice from backsliding. Importance of Financial Management: Developing a financial roadmap and understanding cash flow forecasts is crucial for making informed investment and growth decisions. This helps in anticipating financial gaps and planning to bridge them seamlessly. Building a Reliable Team: Hiring the right people and creating a supportive team environment are vital for sustaining growth and reducing the owner's load. Effective delegation and leadership can substantially enhance your firm's capability. Strategic Marketing Systems: Moving beyond basic networking and referrals to systematic marketing efforts is necessary for reaching the $750k milestone. Integrating new marketing channels can drive consistent client engagement and revenue streams. Mentorship and Hands-On Support: Continuous coaching and guidance from experienced mentors can smooth the scaling process. Personalized advice helps in navigating the complexities of business growth more effectively.

    34: Reimagining Divorce: An Interview with Erin Levine of Hello Divorce

    Play Episode Listen Later Nov 19, 2024 19:20


    In this transformative episode of the NewLaw Podcast for Entrepreneurial Lawyers, host Ali Katz sits down with Erin Levine, founder of Hello Divorce, to delve into the highs and lows of revolutionizing family law. Erin shares her personal journey from navigating the traditional legal system after a traumatic experience to creating a platform that reshapes how divorce is handled—empowering families and lawyers alike. Through candid storytelling, Erin reveals how she went from being a young trial attorney overwhelmed by inefficiencies to a groundbreaking entrepreneur providing accessible, humane divorce solutions. Ali and Erin explore the intersection of personal growth, family transformation, and legal innovation, offering inspiring takeaways for lawyers looking to align their practice with values of healing and empowerment.   Key Takeaways The Power of Personal Experience: Erin's journey to becoming a lawyer was fueled by her own interactions with the legal system, inspiring her to change how people experience family law.   Facing Fears Builds Strength: From overcoming shyness in law school to tackling courtroom challenges head-on, Erin demonstrates how facing fears can unlock untapped potential.   Rethinking the Divorce Process: Collaborative divorce and mediation are steps forward, but Erin's Hello Divorce model demonstrates a scalable, accessible, and transformative approach to family law.   Entrepreneurship as a Path to Change: Erin transitioned from a traditional law firm owner to an innovative entrepreneur, finding her passion in creating solutions that improve lives.   Opportunities for Lawyers: Hello Divorce offers lawyers a way to transform their practices by moving away from conflict-driven models, embracing healing, and creating better client outcomes.

    33: Marketing in December: How to Go for It and Have the Best Year of Your Business

    Play Episode Listen Later Nov 6, 2024 17:55


    In this enlightening interview, Ali Katz sits down with Kim Rockwood, a former Personal Family Lawyer® (or PFL) and senior law business advisor at New Law Business Model®. Together, they tackle the commonly held myth that December is a “dead month” for marketing and why believing this might be keeping lawyers from achieving consistent income. Kim shares her journey of transforming her practice, guided by the PFL model strategies, into a full-fledged business—thanks, in large part, to a pivotal marketing webinar held on December 30th that filled her calendar for six weeks! This discussion sheds light on the benefits of challenging limiting beliefs and how systematic planning can create unprecedented growth in any month of the year. Ali and Kim underscore the role of mentorship, effective marketing strategies, and tools for consistent income, proving that no month is “dead” for those committed to a strategic approach. Key Takeaways: Challenge Myths That Limit Your Growth: December and summer are often dismissed as non-viable for marketing, but these months can actually be ripe with opportunity. Shifting this mindset can unlock new revenue streams. Importance of Mentorship in Business Transformation: Kim's success story emphasizes the impact of guidance from experienced mentors, which helped her push past her reservations and plan strategically. Power of Yearly Marketing Mapping: Setting an annual calendar for events and marketing activities, as Kim did, allows for focused and consistent business development. Planning ahead helps avoid last-minute scheduling stress and ensures a steady flow of leads. Leverage the “Between Holidays” Advantage: People often have more time for reflection and planning during the last week of December. Scheduling events in this period taps into people's New Year's mindset, which can yield high engagement rates. Effective Tools and Systems for Consistent Revenue: With resources like New Law Business Model's “Adulting 101” presentation and planning session frameworks, Kim could engage and convert clients at an 80%-90% rate. Building these structured processes allows for high engagement and steady revenue. Through this episode, Ali and Kim show us to rethink conventional wisdom, highlighting that year-round marketing and structured support systems can build a sustainable and impactful law business.

    32: When They Don't Hire You: Steps to Take After Hearing 'No Thanks' or 'I Have to Think About It' from Prospects

    Play Episode Listen Later Oct 30, 2024 15:14


    In this episode, Ali Katz dives into a pivotal question faced by lawyers: What do you do when potential clients don't engage your services? Drawing from her own journey from rejection to client engagement mastery, Ali shares actionable strategies on reshaping your approach to client consultations, aligning your sales strategy with authentic service, and structuring follow-up that leads clients back to you. Through a unique mix of personal anecdotes and coaching insights, Ali demonstrates how to guide clients through the process of seeing the value in your services, without needing to resort to persuasion or hard selling.   Key Takeaways: Embrace Sales as Service: Sales in law is not about convincing; it's about supporting clients in making informed, valuable decisions aligned with their needs. Structured Initial Consultations: Design consultations as working sessions with a clear purpose, name, and value. Guide clients through the cost-benefit analysis of hiring you, showing the impact of not proceeding. Targeted Follow-Up: Use strategic follow-up calls and customized “did not engage” (DNE) letters to reconnect with potential clients and address any remaining uncertainties or concerns. Differentiated Service Model: Ensure your unique service offerings are clearly communicated, including any ongoing value (e.g., lifetime client relationships), and frame them in terms of client benefits, not just legal jargon. Ongoing Engagement & Re-engagement Campaigns: Consistent follow-up through newsletters and re-engagement efforts, like a “Back from the Dead” campaign, can bring clients back even years later.   Ali emphasizes that building a successful law practice involves continual improvement in client engagement methods and understanding the "why" behind potential clients' hesitations. Her approach transforms rejection into a stepping stone for growth, making every “did not engage” a learning opportunity to refine and reinforce the value of the services offered.

    31: Corporate Transparency Act & Year-End Tax Planning: Key Insights for Entrepreneurial Lawyers

    Play Episode Listen Later Oct 23, 2024 12:38


    In this episode, Ali Katz dives deep into two essential topics for entrepreneurial lawyers: the Corporate Transparency Act and proactive tax time planning. Ali illustrates the importance of thinking ahead when it comes to taxes, a key differentiator between employees and business owners. Drawing on personal experience, Ali explains how proper tax planning in the final months of the year can save business owners from unexpected tax burdens. She also underscores the importance of complying with the Corporate Transparency Act to avoid hefty penalties, offering practical tips and resources for legal professionals to assist their clients with the necessary filings. Key Takeaways: Shift your tax planning mindset: As an entrepreneurial lawyer, start tax planning in October, November, and December to reduce your tax liability for the upcoming year. Tax projections are crucial: By reconciling books and providing income and expense projections to your CPA, you can explore strategies to minimize your tax burden before year-end. Plan for entity creation: Setting up business entities and adjusting cash flow strategies, like delaying income or accelerating expenses, are vital tools to optimize taxes. Corporate Transparency Act compliance: Ensure your business entity files the beneficial ownership information with FinCEN, or face fines of up to $10,000. Resources for compliance: Join our group 'Eyes Wide Open: Time, Money, and Taxes' to get more information on how to file CTA/BOI for $25. Ali encourages entrepreneurial lawyers to adopt the mindset of a business owner by planning ahead and setting up structures that support long-term growth and legal compliance. By embracing these practices, lawyers can better serve their clients and build sustainable businesses.

    30: Ensuring Healthcare Wishes Are Honored: An Interview with Randi Siegel of DocuBank

    Play Episode Listen Later Oct 16, 2024 42:09


    In this enlightening episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, Ali sits down with Randi Siegel, president of DocuBank, who has been working alongside estate planning and elder law professionals since 1997. Together, they explore a critical but often overlooked issue: ensuring that clients' healthcare wishes are known and honored when they're most vulnerable. Randi and Ali delve into the tools and resources that can support both clients and entrepreneurial lawyers, shedding light on a vital opportunity to enhance your practice by focusing on advanced directives, dementia planning, and elder care. Key Takeaways: The Gap in Traditional Estate Planning: Many estate planning documents fail at the most crucial time – when they're actually needed. Ali and Randi emphasize the importance of ensuring clients' healthcare documents are accessible in real-time, particularly through services like DocuBank, to truly make plans work. Overcoming Common Lawyer Objections: Lawyers often hesitate to implement services like DocuBank due to misconceptions about client needs or the effort involved. Randi explains how these objections can be overcome with a streamlined process that increases value for clients and reinforces trust in the attorney-client relationship. The Value of Advanced Healthcare Directives: Randi highlights the benefits of preparing advanced directives beyond the standard forms, including dementia directives, which consider the quality of life and wishes of clients as their condition progresses. This nuanced approach is critical for meeting the needs of aging clients in a rapidly evolving healthcare landscape. Marketing Advantage of Comprehensive Planning: By incorporating DocuBank into their services, lawyers can enhance client relationships, provide peace of mind, and differentiate themselves in the market. The integration of advanced directives as a standard offering can build loyalty and create lasting value beyond simple document preparation. Counsel as a Distinguishing Factor: Ali discusses the need for estate planning lawyers to move beyond basic documents and provide deep, meaningful counsel about healthcare decisions, elder care, and incapacity planning. Proper planning can help clients and their families navigate complex, emotionally charged situations with confidence. To learn more about how DocuBank can help ensure your clients' healthcare wishes are accessible when it matters most, visit DocuBank's website. If you are part of the Personal Family Lawyer® network, make sure to mention this affiliation for exclusive pricing and special support options. If you're ready to provide real value to your clients by integrating accessible advanced directives into your practice, consider adding DocuBank as a standard part of your estate planning services. Not only will you enhance your clients' peace of mind, but you'll also stand out as an attorney who truly cares about making their plans work when they need it most. And for all entrepreneurial lawyers, start thinking beyond the documents. Reach out to DocuBank to learn how their services can be integrated seamlessly into your practice to provide the best possible outcomes for your clients and their families.

    29: Mastering Client Attraction: Fill Your Pipeline, Then Stay Top of Mind with Consistent Communication and Smart Marketing

    Play Episode Listen Later Oct 9, 2024 17:54


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, Ali coaches on the importance of building a client pipeline through consistent, proactive efforts. With a focus on establishing the fundamental steps to building and nurturing an effective email list, Ali along with Glenn guide listeners in how to develop a sustainable flow of clients and share strategies for engaging email newsletters, local events, and leveraging branding to make an impact. Through candid discussions and real-life examples, this episode offers transformative advice for lawyers looking to grow their practices in a more personalized and client-focused way. Key Takeaways: Client Pipeline Consistency: Consistently fill your client pipeline by building your email list through networking, social media offers, and hosting local events. Make this part of your regular practice to keep potential clients engaged. Email Newsletters Are Crucial: Your email list is your most valuable asset. Sending out a weekly email newsletter is fundamental for maintaining client engagement. The key is consistency—send it out on the same day every week without fail. Avoid "Boring Lawyer Newsletters": Personalize your newsletter by including interesting stories, such as your activities over the weekend, and share anecdotes from your family or client experiences. This approach makes your content relatable and engaging. Leverage Branding and Photography: Invest in a unique branding strategy that represents your firm and consider working with a branding photographer to create a warm, relatable image library for use in social media and marketing materials. Host Educational Events to Engage Your Community: Hosting local or virtual events is a powerful way to engage with your community. Use these events to connect with potential clients and showcase your expertise. This episode underscores the value of consistency in outreach, building personal connections through storytelling, and using branded, targeted content to establish a powerful and memorable presence. By focusing on these foundational steps, entrepreneurial lawyers can create lasting relationships with clients and build a thriving practice.

    28: Investing in Your Law Firm: How to Leverage Debt Wisely to Scale Your Law Practice

    Play Episode Listen Later Oct 3, 2024 22:32


    In this episode, Ali Katz addresses the complexities of funding a law firm, offering insights into the pros and cons of using services like Fund & Grow compared to traditional bank loans and credit lines. The discussion emphasizes the importance of securing a line of credit early, utilizing 0% business credit cards, and managing debt wisely to foster growth. A crucial mindset shift is highlighted, encouraging lawyers to view credit as a tool for investment rather than a financial burden, enabling you to turn  your law practice into a business without succumbing to fear-based thinking around debt. Key Takeaways: Get a Line of Credit Early: Establish a line of credit with your bank that you can access when needed, without accruing interest until funds are drawn. This acts as a safety net for your business. Business Credit Cards are Essential: Utilize 0% interest business credit cards for short-term purchases, allowing you to extend cash flow while earning rewards like points or miles. Credit as a Business Tool: Ali encourages lawyers to shift their mindset around debt—seeing it as a resource to invest in their business rather than something to fear, as long as it's used wisely. The Value of Outsourcing Credit Applications: Services like Fund & Grow can streamline the process of applying for credit, increasing approval chances and maximizing available credit lines. Use this link to receive a $500 discount on Fund & Grow services.  Use Credit Strategically: When using credit, ensure that investments directly grow your business, such as acquiring clients or expanding capacity, so you can easily pay off any debt without stress. This episode is crucial for lawyers focused on growth and those looking to invest wisely. Properly managing credit is essential for entrepreneurial success; borrowing should be viewed as an opportunity to invest in your future rather than a risk to avoid. Let's embrace these opportunities and make informed decisions! To learn everything you need to fund your law practice, enroll in our Funding Mastercourse to learn actionable strategies for growing your practice with the right financial tools.

    27: Don't Be a Door Lawyer: Do This to Get to the Income + Impact Instead

    Play Episode Listen Later Sep 25, 2024 18:01


    In this episode, Ali Katz lays out exactly what to do when you think you should take whatever comes in the door instead of focusing your law practice on a specific area, and then niching down to serve very specific clients within that practice area.  Key Takeaways: Specialization Leads to Expertise: By focusing on a specific practice area, lawyers can develop deep expertise, which enhances their perceived value and allows them to command higher fees. This specialization not only helps attract ideal clients but also streamlines marketing efforts. Setting Clear Financial Goals: Establishing defined financial targets and metrics is essential for effective practice management. This clarity enables lawyers to create strategic marketing plans and operational procedures that align with their niche, ultimately driving growth and success. Overcoming the Fear of Niching Down: Despite the initial fear and resistance to niching down, focusing on a targeted audience can lead to significant success. Ali's experience illustrates that embracing a specific focus can transform your practice and yield positive results, despite the initial hesitation. This episode is vital for lawyers looking to redefine their practice, gain clarity, and achieve meaningful success by embracing specialization and strategic planning. 00:37 Ali introduces the episode and sets the stage by explaining how taking random clients delayed Chris's success in building his law practice, leading to a significant time debt. 01:18 Ali outlines the benefits of niche marketing, highlighting that focusing on a specific practice area allows lawyers to become experts, thus increasing the perceived value of their services and reducing costs. 02:45 Ali explains how focusing on a particular practice area allows lawyers to set clear financial goals and metrics, enabling effective marketing and operational strategies. 06:25 Ali reflects on the difficulty and fear she faced when niching down her own practice to focus on families with young children, despite common advice against it, and highlights the success that followed. 11:15 Chris shares his experience of wanting to help friends and clients, which led to taking on cases that spread his focus too thin, ultimately hindering his development as an expert. 13:33 Chris acknowledges that avoiding debt led him to take on less profitable work, which drained his resources and focus over time.

    26: Your 3-Year Roadmap to a Business You Love

    Play Episode Listen Later Sep 16, 2024 13:43


    In this transformative episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, we dive into a powerful strategy that can shape your future and your legal practice over the next three years. Ali challenges you to ask, "Who and what are you becoming?" and to envision where you want to be in 3 years. Do you aspire to build a million-dollar practice? Work only three days a week? Send your kids to private school or support your aging parents? While this call is from 2023, the information shared remains evergreen and highly relevant today.   You can literally create anything you want in the next three years—the key is to claim it now. Ali guides you through a process of making decisions from the perspective of your future self, anchoring in the vision of who you are becoming, and staying focused despite the inevitable challenges ahead.   Claim your clarity today and listen to this episode as many times as needed to embed this mindset. The choices you make now will shape the life and practice you'll have in 3 years. And remember, the secret to achieving your goals is to practice, practice, practice!   Key Takeaways: Envision Your Future Self: Learn how to make decisions based on who you are becoming and the life you want to create in 3 years. The Power of Clarity: Discover the importance of claiming your vision now to direct your time, energy, attention, and money towards your goals. Three-Year Planning Strategy: Understand how breaking down your big goals into three-year chunks can help you achieve significant milestones in your law practice and personal life. Staying Focused Amidst Distractions: Prepare for the challenges ahead by anchoring in your vision, ensuring you don't get derailed by external factors. Step-by-Step Execution: Ali shares how to reverse-engineer your goals from 2025 back to the present, creating a clear roadmap for your success.   This episode is essential for lawyers ready to take control of their future and turn their dreams into reality over the next three years.   02:48 Ali emphasizes making choices from the perspective of who you want to become in 2025, rather than from your current or past self, urging listeners to consider their future selves in decision-making.   05:38  Ali invites listeners to claim their clarity and focus for the next three years, drawing attention to the importance of being intentional about where to direct time, energy, attention, and money.   07:20 Ali shares specific examples of listeners' three-year goals for their law practices, emphasizing the importance of defining clear visions and objectives, such as growing teams and client bases.   08:37 Ali advises on translating broad visions into specific, measurable goals, such as number of clients, team structure, and financial benchmarks, to ensure tangible progress. 09:46 Ali discusses the significance of understanding your "why" behind the goals set for the next three years, translating the higher-level visions into actionable, purpose-driven steps.

    25: Selling Your Law Practice: Insights from Tom Lenfestey on Building a Saleable Business

    Play Episode Listen Later Sep 9, 2024 42:28


    In this inspiring episode of the NewLaw Podcast for Entrepreneurial Lawyers, host Ali Katz welcomes Tom Lenfestey, founder of The Law Practice Exchange LLC and a practicing attorney from North Carolina. Tom has successfully transitioned from running his own law firm to helping lawyers with revenues ranging from $200,000 to $50 million build and sell their practices. Tune in as Ali and Tom dive deep into what it takes to create a sellable law business with lasting value—not just for today, but for life and legacy.   Key Takeaways: Building Value Beyond Revenue: Understand the difference between generating immediate income and building long-term business value that can be sold or passed on. The Importance of Succession Planning: Why law firm owners need to establish clear succession plans to ensure the firm's longevity and avoid losing talented associates. The Power of Recurring Revenue: How implementing recurring revenue streams can increase a law firm's value, making it more attractive and sellable to future buyers. Exploring Different Exit Strategies: Discover various paths for law firm owners, from gradual transitions with partners to outright sales and strategic mergers. Thinking Outside the Box: How lawyers can creatively shape their careers and practices by not confining themselves to traditional roles or expectations. Tune in to gain actionable insights on how to build, grow, and eventually sell a law firm that not only provides a comfortable income but also leaves a lasting legacy.   01:42 Tom Lenfestey introduces himself and explains his background in law, accounting, and his transition from working in a mid-sized firm to starting the Law Practice Exchange.   05:00 Ali shares her own experience of becoming a tax attorney unexpectedly and later transitioning into estate planning, highlighting a common path in the legal field.   10:47 Ali and Tom discuss the importance of succession planning for law firm owners, particularly when hiring associates with the intent for them to become future partners.   14:00 Tom describes the importance of mentorship and guidance in the legal industry, noting his own regrets about not seeking advice early in his career.   16:07 Ali shares her own experience of selling her practice without proper guidance, leading to financial loss, and stresses the importance of understanding the sale process.   29:06 Tom discusses the significance of law firm valuation, including not just the financial aspects, but also successful transition, compensation, potential buyers, and appropriate payment terms.   32:27 Tom advises lawyers to start planning for a sale at least five years before they intend to leave, so they can build significant value and ensure a smooth transition.

    24: Uncomfortable with Charging "Premium Fees"? Listen to This 10 Times

    Play Episode Listen Later Sep 2, 2024 9:51


    In this insightful episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, Kai, a lawyer based in a small mountain town, faces the challenge of confidently asking clients to pay the full price for her services. Ali guides Kai through a transformative discussion on overcoming the discomfort of discussing fees and how to build a business that truly serves both the lawyer and the community. This episode delves into the importance of recognizing the value you provide as a lawyer and how to align your pricing with the quality and depth of service you offer.   Realize also, that charging full price is actually in your client's best interest. You've gotta get out of your own way and realize that you're doing it for them. Listen and re-listen to this episode as many times as you need to anchor in why premium prices are necessary for your clients to have a plan that works. And then go practice. Practice, practice, practice!   Key Takeaways: Aligning Fees with Service Quality: Understand why charging the full price is essential for delivering high-quality legal services that make a lasting impact on your clients' lives. Overcoming Money Conversations: Gain practical tips on how to confidently discuss fees with clients, reframing the conversation as a service rather than a transaction. The Power of Practice: Learn how regular practice and preparation can help you become more comfortable with fee discussions. Community-Centered Mindset: Shift your focus from your discomfort to the needs of your community, ensuring that your pricing supports the valuable service you provide. Building a Sustainable Legal Practice: Discover the importance of creating a business model that not only supports your clients but also allows you to live a balanced, fulfilling life as a lawyer.   This episode is a must-listen for lawyers who want to master the art of pricing their services confidently and build a practice that serves both their clients and themselves.   01:26 Kai joins the conversation, seeking advice on gaining confidence to request full payment from clients, having previously offered discounts and feeling uneasy about discussing money.   02:19 Ali advises Kai to practice asking for full payment and highlights the inevitable discomfort, suggesting that Kai should focus on the clients' benefits to make conversations about money easier.   05:26 Kai explains her motivation for building a sustainable business in her small mountain town, aiming to be a constant community resource and create a lasting legacy.   06:59 Ali encourages Kai to reframe her mindset, focusing on the importance of charging enough to provide valuable client services and maintain a successful law practice.

    23: Scared to Market Your Law Services? Your Solution is Here!

    Play Episode Listen Later Aug 26, 2024 11:02


    In this empowering episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, Jessica, a lawyer stepping into the entrepreneurial world, confronts her deep-seated fear of marketing rejection. Guided by Ali, Jessica embarks on a transformative journey of shifting her mindset from self-promotion to community education. Through this coaching session, Jessica discovers how to harness the power of her personal story and use her legal knowledge as a tool for service rather than self-promotion. The episode delves into the importance of authenticity in marketing and how lawyers can reframe their approach to truly connect with their audience.   Key Takeaways: Shift from Self-Promotion to Service: Learn how to reframe your marketing efforts to focus on educating and serving your community rather than promoting yourself. Overcome the Fear of Rejection: Understand the root of marketing fears and discover strategies to push through discomfort for the greater good of your audience. Authenticity in Marketing: Embrace vulnerability by sharing your personal story in a way that resonates with your audience while maintaining privacy and respect. Mindset Matters: Transform your mindset to prioritize the needs of your clients, which naturally leads to stronger connections and successful client relationships. Practical Steps to Begin Marketing: Start with simple, authentic communication through email newsletters or social media posts to gradually build your public presence.   This episode is a must-listen for lawyers who want to turn their law degree into a business asset by leveraging authentic and service-oriented marketing.   01:44 Ali delves into the fear of rejection in marketing, asking Jessica to describe her feelings about putting out her first presentation and social media posts.   02:22 Jessica grapples with the idea proposed by Ali, who clarifies that the focus should be standing for people's important actions rather than self-centered promotion.   05:05 Ali emphasizes the role of education in marketing, suggesting Jessica present herself as an educator rather than a promoter to make meaningful connections with her audience.   06:51 Jessica acknowledges the need to overcome her hesitancy, fearing she might come across as inauthentic if she forces herself to be more public.   08:09 Ali encourages Jessica to share the personal story that drives her passion for educating the community, even if she maintains some privacy around specific details.

    22: How to Have a Virtual & Remote Law Practice Without Sacrificing Client Connection and Retention

    Play Episode Listen Later Aug 19, 2024 11:32


    In this enlightening episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, we delve into the experiences of Alayna, a dedicated lawyer transitioning to virtual client consultations with diverse needs  . Despite her initial challenges, Alayna successfully engaged clients with guidance from Ali, turning obstacles into opportunities for deeper connection and understanding. Together, they refined her approach, emphasizing effective communication strategies and the importance of adapting to clients' needs, even in a virtual setting. Key Takeaways: Virtual Engagement Tips: Learn practical techniques for connecting with clients and demonstrating care in virtual meetings. Multilingual Planning: Discover the importance of language skills and cultural sensitivity in client interactions, especially when dealing with diverse communities. Visual Aids for Clarity: Understand the benefits of having clients actively participate by writing down key points during consultations. Follow-up Strategies: Gain insights into scheduling follow-ups immediately to maintain client engagement and decision momentum. Client-Centered Approach: Explore the value of focusing on clients' needs and preferences to ensure their concerns are addressed effectively. Alayna's journey highlights the potential of virtual meetings and the importance of flexibility and client-centered strategies in building a successful legal practice.   1:04 Alayna shares her experience with her first few virtual family wealth planning sessions, noting the increased difficulty of connecting virtually compared to in-person meetings.   03:05 Ali praises Alayna for her bilingual skills and highlights the challenges of conducting complex, multi-generational, and multi-language sessions.   06:42 Ali advises Alayna on an alternative approach for the next session, suggesting she have clients write down important points to ensure engagement and understanding.   08:21 Alayna regrets not scheduling a follow-up meeting immediately after the initial session, realizing it would have facilitated a quicker decision-making process.   10:04 Ali encourages listeners to use simple, traditional tools like paper and pen during virtual sessions to foster better client engagement, instead of relying on advanced technology.

    21: Get Hired and Paid with These Strategies for Moving through Client Resistance

    Play Episode Listen Later Aug 12, 2024 9:55


    In this insightful episode, we explore the entrepreneurial journey of Ashley, a dedicated lawyer transforming her legal expertise into a business asset. Under Ali Katz's mentorship, Ashley tackles the challenges of client engagement and retention, learning to navigate the complexities of securing commitments and fostering trust. Together, they develop strategies that help Ashley turn potential disengagements into successful client relationships, ultimately enhancing her business growth and stability.   Key Takeaways: Client Commitment Techniques: Discover how to secure client agreements during initial consultations to prevent drop-offs. Navigating Financial Concerns: Learn methods to address and manage client financial hesitations effectively. Building Trust: Gain insights into fostering strong client relationships through transparent communication and follow-ups. Referral Management: Understand the importance of maintaining and nurturing referral partnerships without burning bridges. Proactive Engagement: Develop strategies for proactive client follow-ups and personalized support to ensure engagement and satisfaction.   Ashley's experience highlights the importance of strategic client interaction and the powerful impact of personalized support. By transforming her approach to client management, she showcases how entrepreneurial lawyers can significantly enhance their practice and client loyalty.   01:34 Ashley outlines an issue where clients agree to a plan during the session but back out after receiving the engagement letter and invoice, leading to a discussion on why immediate signing is crucial.   02:18 Ashley discusses a specific case involving a referral partner who, along with her husband, hesitated to proceed due to financial concerns and scheduling conflicts.   04:16 Ali advises Ashley to remain present and empathetic with clients who may face financial strain due to reasons like taxes, vacations, or family responsibilities.   05:05 Ali suggests that Ashley should arrange a phone call to gain clarity on the client's true objections, emphasizing the need for genuine curiosity and understanding.   07:33 Ali emphasizes the importance of asking permission to ask clarifying questions, noting that if a client declines, a "did not engage" letter should be sent.

    20: Personal Injury Law From Your Laptop with Laptop Lifestyle Lawyer® Kara Vaval

    Play Episode Listen Later Aug 5, 2024 48:14


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, Ali sits down with Kara, a dynamic lawyer with a fascinating journey from Haiti to becoming a successful personal injury attorney in South Florida. Kara shares her story of resilience, driven by a deep-seated desire for justice following personal tragedy and professional challenges. Through sheer determination, she navigated through law school, early career hurdles, and eventually found her calling in personal injury law. Kara's entrepreneurial spirit shines as she recounts how she funded her law practice and led her to create a thriving, client-centered legal business model.   Key Takeaways:   Turning Adversity into Motivation: Kara's personal experiences of injustice in Haiti and the loss of her father fueled her passion for law and helping others find justice. The Power of Community: Leveraging her connections within the her community helped Kara build a strong client base and grow her practice from the ground up. Entrepreneurial Mindset: Transitioning from a struggling associate to an entrepreneurial lawyer, Kara embraced unconventional paths to fund her legal practice. Niche Market Success: Kara's specialization in personal injury and cosmetic injuries highlights the importance of finding and exploiting niche markets. Empowering Women: Kara's mission to help women achieve financial and emotional independence is a testament to the broader impact lawyers can have beyond their immediate legal work   Kara's journey is a powerful example of how personal experiences and challenges can shape a successful and fulfilling legal career. From her roots in Haiti to her entrepreneurial success in South Florida, Kara's story is one of resilience, community, and innovation. Her insights into leveraging niche markets and the importance of financial independence provide valuable lessons for any lawyer looking to build a meaningful and prosperous career. Whether you are considering a career shift, looking to add a new practice area, or seeking inspiration, Kara's story offers a wealth of actionable advice and motivation.   01:39 Kara introduces herself, her background, and starts to talk about her transition from immigration and family law to personal injury law, noting her initial hesitations and the role her husband's encouragement played in her decision.   09:47 Kara explains how her son influenced her to become an entrepreneurial lawyer, leading her to pursue a different path after discovering her pregnancy during her early legal career.   12:16 Kara shares how prayer and a chance encounter with a Mary Kay consultant led her to start a side business, which eventually funded the startup of her own law firm and provided her with financial independence.   14:12 Kara talks about her transition from "door law" to focusing more on specific legal services, using creative marketing strategies, like distributing flyers in the Haitian community that led to a steady influx of clients for her diverse legal practice.   25:55 Kara highlights a success story of winning a $2.1 million jury verdict in a slip and fall case, underlining the importance of not being intimidated to go to trial when necessary.   27:16 Kara explains the backend systems of handling pre-suit personal injury cases and outsourcing administrative tasks to keep operations smooth and efficient, and how these elements contribute to financial success.   28:52 Ali describes how her training system prepares lawyers to be lifelong attorneys for their clients, enabling them to handle various legal matters and efficiently manage cases with proper systems in place.   39:43 Kara elaborates on the interaction with insurance companies during settlements and how good lawyers obtain better outcomes for their clients by negotiating rather than going to court.

    19 : Transforming Client Relationships into Business Opportunities

    Play Episode Listen Later Jul 29, 2024 13:10


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, we join a coaching session where Steve, an entrepreneurial lawyer, seeks advice on acquiring his first practice clients in estate planning. Ali offers actionable strategies to shift from educating potential clients to engaging them with curiosity and building meaningful conversations. The episode highlights the importance of setting clear goals, understanding client experiences, and leveraging personal interactions to transition smoothly into a new practice area. Key Takeaways: Engage with Curiosity: Shift from educating potential clients to asking curiosity-driven questions about their experiences and needs in estate planning. Set Clear Goals: Establish specific, time-bound goals to stay focused and motivated in your transition to a new practice area. Leverage Personal Interactions: Use everyday interactions and past client relationships to initiate conversations about estate planning. Offer Value Through Planning Sessions: Emphasize the importance of family wealth planning sessions to provide tailored, valuable advice and solutions. Consistent Follow-Up: Maintain regular contact and follow up with potential clients to build trust and move them towards engagement. 01:41 Steve mentions his attempts to get practice clients by sending letters, but notes he hasn't had much success, prompting a deeper look into his approach. 02:22 Steve describes his conversations, which focused more on informing clients about the process rather than engaging their personal experiences and needs. 04:06 Ali advises Steve on shifting his approach to client conversations by using curiosity to understand their unique circumstances, rather than just providing information. 06:51 Ali suggests a script for Steve to explain the family wealth planning session process, demonstrating how to provide value and secure client commitment. 09:44 Ali encourages Steve to set specific goals and dates to ensure deliberate progress in his practice, rather than vague timelines, to drive his business forward. 11:03 Ali gives Steve practical advice on using curiosity questions in everyday interactions to gather market research and foster genuine connections, even during routine activities like attending hearings.

    18: How 2 PFL Firm Leaders Have Built Their Practices Using Free Marketing

    Play Episode Listen Later Jul 22, 2024 22:30


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, we explore the transformative journeys of two entrepreneurial lawyers, Deirdre and Will. Both guests share their experiences of transitioning to estate planning and building successful practices through strategic marketing and business development. Ali emphasizes the importance of loving the service you deliver and provides actionable insights on leveraging free marketing strategies to grow a law practice. Key Takeaways: Love Your Service: Ensure that you genuinely enjoy delivering your legal services to sustain your motivation and effectiveness in marketing and client engagement. Free Marketing Strategies: Utilize community engagement, social groups, and personal connections to generate referrals and build your client base. Intentional Conversations: Turn everyday interactions into marketing opportunities by naturally discussing your services and how they can benefit potential clients. Building Financial Confidence: Investing in your business, even through personal savings or lines of credit, can provide the necessary resources for growth and stability. Client Follow-Up: Regularly check in with former clients and professional contacts to maintain relationships and keep your services top of mind. 01:36 Ali discusses having a lead magnet, follow-up system, and a high-value offer like the family wealth planning session, which can engage clients efficiently without traditional marketing expenses 02:35 Deirdre talks about her previous practice of handling family law, probate, and criminal defense, which she found chaotic and unsustainable. 05:36 Deirdre shares the fears and challenges she faced while transitioning to a specialized practice, emphasizing the role of COVID-related financial resources and a shift in mindset towards investment in her business. 08:07 Deirdre attributes her success to engaging with local community groups and social activities, blending personal interests with professional networking. 11:18 Will introduces himself and discusses how his grandfather's death, leaving behind a financial mess, led him to realize the importance of proper estate planning and the desire to change the way things are done. 12:21 Will describes proposing changes to his firm for better estate planning services, only to be dismissed, leading him to decide to leave and start his own firm. 13:36 Will shares how he officially launched his firm in January 2021 and was ready to start business immediately thanks to the resources provided by New Law Business Model. 14:55 Will emphasizes the importance of having authentic conversations with acquaintances about estate planning, helping many become clients through genuine interactions in social settings.

    17: Breaking Through Money Dysmorphia: Transforming Fear into Financial Stability

    Play Episode Listen Later Jul 15, 2024 13:44


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers, Ali Katz coaches Stephanie, an entrepreneurial lawyer, through her mental blocks on investing money in her business. Stephanie shares her fears of financial instability, despite her recent success in booking new clients. Ali provides Stephanie with practical strategies and mindset shifts to overcome her fears and set up strong financial systems. Through the coaching session, Stephanie gains the confidence to build her business credit and trust her entrepreneurial journey.   Key Takeaways: Addressing Financial Fears: Understand that financial fears are common and can be managed by setting up proper financial systems and structures. Building Business Credit: Learn the importance of establishing business credit early on and how it can provide a financial safety net. Mindset Shifts: Focus on what you want to achieve rather than what you fear, and envision your success to drive positive outcomes. Regular Financial Reviews: Implement weekly, monthly, and quarterly financial reviews to build self-trust and ensure financial stability. Expansion Strategy: Recognize that at every stage of business growth, investment beyond current revenue is necessary for expansion.   Through Ali Katz's coaching, Stephanie gains valuable tools and perspectives to overcome her financial fears and make confident, strategic investments in her business. This episode is essential for entrepreneurial lawyers looking to overcome financial anxieties and achieve sustainable business growth.   01:43 Ali invites Stephanie to discuss her mental blocks on investing and how these fears can hinder business growth as a business owner.   02:14 Stephanie describes how a slow period in business pushed her to the brink of her savings and how that stress influenced her views on investing in new systems.   03:31 Ali discusses her personal journey of facing financial fears by running out of money and realizing that survival skills and self-belief are key to overcoming such fears.   06:24 Ali suggests building financial self-trust systems to keep track of one's financial realities. These systems help in calming fears and making informed decisions.   07:18 Stephanie receives both practical and spiritual encouragement from Ali, realizing the value of her services and finding ways to stabilize her business financially.   10:27 Ali highlights that every business expansion stage requires investing beyond current revenues and that understanding and planning for this discomfort is part of growth.   11:26 Ali brings up Elon Musk's example, who had to borrow money to pay rent despite his ventures, illustrating that even successful entrepreneurs face financial crunches but continue to push forward.

    16: Creating Your Law Practice to Scale and Sell

    Play Episode Listen Later Jul 8, 2024 19:32


    In this episode of the NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz, we follow entrepreneurial lawyer Susan. Despite her dedication, Susan struggles to allocate her time effectively, feeling overwhelmed with a growing client base and lingering litigation cases. Through Ali Katz's coaching, Susan learns to transition her business model, prioritize time management, and adopt a recurring revenue strategy. Ali introduces tools like The Money Map to help Susan achieve clarity on her financial needs and align her daily decisions with her long-term goal of selling her practice in 10 years. Key Takeaways: Time Management: Prioritize and take control of your calendar to reduce overwhelm and focus on high-impact activities. Recurring Revenue Model: Shift from a billable hour model to a recurring revenue model for sustainable growth and better workload management. Financial Planning: Use tools like The Money Map to determine minimum financial needs during business transitions and plan cash flow efficiently. Strategic Decision-Making: Make intentional choices based on long-term goals, even if it means turning down immediate revenue opportunities. Building a Sellable Practice: Invest in systems and staff to create a business that can operate independently and be attractive to potential buyers. Ali's coaching session with Susan emphasizes the importance of intentional planning and disciplined time management. By implementing these strategies, Susan can move towards her goal of creating a sellable, sustainable law practice. 02:29 Susan describes feeling overwhelmed with increased consultations and clients, despite stopping litigation work for the past six months. 06:44 Ali shares her personal shift from handling private clients to building a saleable business, emphasizing the importance of focusing energy on creating systems and structures. 08:47 Ali highlights the importance of understanding the minimum financial needs during a business transition to ensure future growth and sustainability. 11:30 Ali outlines the importance of restructuring Susan's calendar to ensure only necessary billable hours are scheduled, which can aid in better time management and future planning. 16:42 Ali talks about her challenges and decisions in letting go of private clients and personal events to focus on building her business, encouraging Susan to make similar tough choices.

    15: Entrepreneurial Insights from Legal Maverick Karl Seelbach

    Play Episode Listen Later Jul 1, 2024 43:01


    In this riveting episode, seasoned litigation attorney and entrepreneur Karl Seelbach shares his journey from a young, curious kid in Texas to a pioneering force in the legal tech industry. Tune in as Ali delves deep into Karl's unique career path, the challenges he faced in starting his own firm, and his innovative approach to making legal services more affordable and efficient through his venture, Skribe.ai. Karl's story is one of resilience, passion, and a relentless pursuit of truth in the legal field.   Key Takeaways: Embracing Entrepreneurship in Law: Karl's transition from a large law firm to founding his own practice highlights the importance of understanding the business side of law and seizing entrepreneurial opportunities. The Importance of Finding Your Why: Karl discusses the significance of understanding your core motivations, whether it's providing for family or uncovering the truth, to drive career satisfaction and success. Adapting to Market Needs: Discover how Karl's ability to identify and respond to market gaps has been crucial in both his legal practice and his tech venture, illustrating the dynamic nature of law and technology. Navigating Financial Uncertainty: Insights on how Karl managed the financial risks and stresses associated with starting a new firm, emphasizing the importance of networking and diversifying case types. Innovating with Skribe.ai: Learn how Karl's legal tech platform, Skribe.ai, is revolutionizing court reporting by making it faster, more affordable, and accessible, ultimately aiming to enhance the pursuit of justice.   Karl Seelbach's journey is a testament to the power of innovation and determination in the legal profession. His story not only inspires lawyers to think beyond traditional paths but also showcases the potential of technology to transform legal services for the better.     6:21 Karl's early interest in law is explained, influenced by his father's work in oil and gas and safety expert witness cases, and his childhood experiences with depositions. He also shares how reading depositions about catastrophic injury cases during his childhood played a pivotal role in sparking his interest in law.   12:13 Karl talks about his early venture into legal tech by developing an iPad app for depositions while still working at Winstead.   14:47 Ali reflects on her journey to get her own clients at a large law firm and how that initial step eventually led her to start her own law firm.   16:40 Karl shares the challenging start of his own firm with only one client and one case, leading to financial stress, and the eventual buildup of a successful practice through relentless networking and client acquisition.   23:19 Karl describes the initial confusion in choosing between plaintiffs' and defense work, and how eventually deciding on a focus contributed to their growth and financial backing for Skribe.   26:29 Karl discusses the inspiration and mission behind founding Skribe, targeting the high costs associated with traditional court reporting and aiming to make justice more affordable and efficient.   32:18 Karl breaks down Skribe's pricing and the inclusive services provided, such as the virtual room, live liaison support, redundant recording, and professionally proofread transcripts, all contributing to its cost-effectiveness.

    14: Investments vs. Expenses: The Key to Building a Thriving Business of Any Size

    Play Episode Listen Later Jun 24, 2024 52:43


    In this inspiring episode, Ali Katz talks with lawyer Kim Rockwood to explore the critical distinction between investments and expenses. Together, they delve into how understanding this difference can transform your law practice from struggling to thriving. Ali shares her journey of building a million-dollar practice, the mistakes she made along the way, and the mindset shifts that led to her success. This episode is a must-listen for any lawyer looking to grow their practice and achieve financial stability.   Key Takeaways: Understanding Investments vs. Expenses: Learn why distinguishing between investments and expenses is crucial for business growth and how to make decisions that drive long-term success. Mindset Shift: Discover the importance of shifting from a scarcity mindset to an abundance mindset to enable strategic investments in your practice. Leveraging Credit Wisely: Understand how to use business credit as a tool for growth and the importance of having a solid financial strategy. Building Confidence: Recognize the role of confidence in making business investments and how to develop it by meeting your fears and insecurities head-on. Partner Support: Gain insights on how to communicate with your partner about business investments and address any concerns or fears they may have.   By the end of the episode, listeners will have a clear understanding of how to make strategic investments that lead to sustainable business growth and financial stability.   01:41 Kim talks about her initial confusion about the difference between investments and expenses, emphasizing the need for deeper understanding in running a business.   03:00 Ali elaborates on the importance of buying back time through investments, such as hiring the right people and learning to engage clients effectively to generate results.   05:00 Ali shares a story about selling her law practice to an inexperienced business owner who cut essential expenses, leading to the downfall of the business due to a lack of client acquisition.    12:08 Ali and Kim discuss the blurred lines between expenses and investments, using examples like postage and client experience to illustrate their points. 13:00 Ali shares her personal experience of building out an office on credit, which, despite initial fears, became a valuable investment that enhanced her client experience and business vision.

    13: Practical Magic: Calendaring, Referrals and Educating to Go from Inconsistent Clients to Four Consistent Clients Per Month

    Play Episode Listen Later Jun 17, 2024 20:57


    Meet Melissa, a lawyer facing the overwhelming challenge of inconsistent client acquisition in a new community. Plagued by fluctuating client numbers and the pressure to generate leads, Melissa is struggling to find her footing. Through focused coaching, Ali provides invaluable insights and actionable strategies to help Melissa navigate her way to a more stable and prosperous practice. Melissa discovers the power of strategic calendaring, effective networking, and education of her community. This episode unveils the step-by-step process Melissa adopts to consistently secure four clients per month, transforming her practice and mindset.   Key Takeaways: Practical Magic: Limiting calendar availability to create demand and focus energy. Community Engagement: The importance of attending other people's events for better visibility and networking. Referral Conversations: How to educate referral partners effectively and leverage their networks. Presentation Power: Creating valuable presentations to clarify what clients can do themselves versus when they need a lawyer. Imposter Syndrome: Turning self-doubt into a tool for self-improvement and community support.   In this episode, you'll learn how Melissa overcomes her challenges and sets her practice on a path to consistent growth. Tune in to discover practical tips and inspirational advice to boost your own client acquisition strategies.   02:31 Melissa shares her struggle with generating a consistent flow of clients, noting her pivot to online marketing and video content due to positive feedback. 06:30 Ali highlights resources available for finding initial practice clients and emphasizes the value of using curiosity questions in Melissa's referral conversations and networking events. 10:09 Melissa admits that imposter syndrome is a recurring issue for her and Ali touches on the idea that focusing on service is a solution to feelings of desperation and imposter syndrome in building a law practice.   11:38 Ali advises Melissa to create a short presentation to delineate what clients can do themselves versus when they need a lawyer, leveraging her on-camera strengths to establish value.

    12: $15k Client Loss ... and How Caring, Holistic Lawyers Can Do It Better

    Play Episode Listen Later Jun 10, 2024 18:29


    In this episode, join Ali as she shares a rather eye-opening negative experience with an asset protection lawyer, unearthing critical lessons for lawyers striving to elevate their services, and uses it as a springboard to discuss the powerful upside LIFTed Business Advisors can offer their clients. Ali's encounter provides a unique window into the shortcomings of a conventional approach and sets the stage for a deeper understanding of what truly sets apart a transformative legal practice.   Through her insightful analysis, Ali reveals how a transactional mindset, even from a skilled lawyer, can fail to resonate with clients seeking comprehensive and personalized guidance. She highlights the pitfalls of a standardized service model and emphasizes the importance of adapting to each client's unique needs and circumstances.   Key Lessons and Insights for lawyers seeking to implement a holistic service model in their businesses: The Role of a LIFTed Advisor: Explore how lawyers can evolve into what Ali has termed a “LIFTed Business Advisor”, offering holistic guidance encompassing asset protection, tax strategies, entity management, and intellectual property. Transcending Transactional Limits: Discover how moving beyond transactional legal services to deeply understanding client needs can create lasting relationships and trust. Customization is Key: Learn from Ali's story about the importance of tailoring services to each client's unique situation rather than relying on a cookie-cutter approach. Engagement Strategies: Understand where the asset protection lawyer missed opportunities in client engagement and how LIFTed Advisors can capitalize on these moments to deeply connect with clients. Building Comprehensive Solutions: Gain insights into developing comprehensive solutions that address not just the immediate legal needs but the overarching goals and challenges of business owners. This episode is particularly valuable for lawyers looking to redefine their practice and adopt a holistic recurring revenue-based legal service model. Ali Katz's narrative highlights the significance of this transition, offering practical strategies and insights to develop a practice that goes beyond traditional legal services. It's a call to embrace a more integrated, client-focused approach, turning legal advisory into a journey of collaboration and mutual growth. Tune in to learn how to become an indispensable asset in your clients' business and personal growth.   Interested in learning more about becoming a LIFTed Business Advisor? Apply for a call with a Law Business Advisor at newlaw.co/show.   02:15 Ali reflects on her journey from being an associate lawyer to realizing the need for a new kind of business advisor, inspired by her experiences.   04:33 Ali explains that as a lifted business advisor, you're not selling documents or hours. Instead, you're selling a comprehensive package of outcomes, support, guidance, and coordination, allowing clients to make informed decisions with the right advisors' help.   09:17 Ali highlights the benefits of staying in touch with clients between booking and appointment, even if the communication could be improved.   13:39 Ali notes the importance of clients feeling confident and not perceiving the service as cookie-cutter, emphasizing the need for personalized engagement.

    11: Building a Legal Empire: Choose Your Business Model

    Play Episode Listen Later Jun 3, 2024 14:30


    In this episode, Ali explores how seasoned lawyers can shift from traditional legal practice models to a range of alternative approaches. This episode provides a roadmap for creating different types of practices, from solo operations to multi-million dollar empires, ensuring success regardless of the chosen model. Through various success stories, she examines how lawyers have navigated these transitions, transforming their vision into reality by implementing effective systems and making strategic decisions.   Key Takeaways: Roadmap for Change: This episode offers a guide for transitioning from traditional practice models to a range of new approaches, emphasizing flexibility and adaptability. Solo to Empire: We explore various business models, including solo practices, staffed firms, and empires, highlighting how each can be successful when tailored to individual goals. Tailored Systems: Effective systems for client engagement, project management, and marketing are key to sustaining any practice, allowing lawyers to focus on their strengths. Transformative Success Stories: Examples of the way different models can lead to significant financial rewards, including growth from modest beginnings to multi-million dollar practices. Sustainable Growth: Small, incremental steps can lead to significant achievements, guiding seasoned lawyers through successful transitions and ensuring long-term success.   This episode serves as a roadmap for lawyers seeking to shift from traditional practice models to new, flexible approaches. By tailoring systems, implementing strategic decisions, and aligning business models with their goals, lawyers can create sustainable practices. Whether aiming for a solo operation, a staffed firm, or an empire, this episode provides valuable insights for making those dreams a reality.   01:30 Ali shares a success story of a lawyer who built a million-dollar practice after many years in the field, underscoring the value of persistence and continuous improvement. 04:47 Ali stresses the importance of deciding the type of practice you want to build—solo, staffed, or empire—and how this decision will shape future actions and investments.   07:42 Ali discusses the new approach to law practice, focusing on creating a positive experience for clients rather than just selling services or hours.   09:50 Ali talks about the importance of developing systems to manage different roles within the practice, allowing the lawyer to focus on specific areas of interest.

    10: Love Your Law Firm with Jordan Ostroff

    Play Episode Listen Later May 27, 2024 40:23


    In this episode of the New Law Podcast, we get to hear  the story of Jordan Ostroff, a once struggling lawyer who found himself drowning in debt while trying to balance his family and law practice. He managed to turn it all around by evolving his firm into a successful business that no longer depends solely on him. Co-founder of Driven Law with his wife, Jordan reveals how he emerged from the brink of burnout to becoming a thriving law firm owner and author of "Love Your Law Firm." Host Ali Katz digs into his journey from prosecutor to business-savvy firm leader, uncovering how lawyers can build a business they love by focusing on effective strategies that go beyond the traditional legal practice.   Key Takeaways: Transition from Lawyer to Entrepreneur: Learn how Jordan transitioned from being a prosecutor to running a successful PI law firm, focusing on the business aspects of law which are often neglected in traditional law education. Building a Firm That Runs Without You: Jordan discusses how creating systems and processes allows the firm to operate efficiently without his constant presence, highlighting the benefits of having a clear division of roles within law firm partnerships. Work-Life Balance: The episode touches on the significance of maintaining a work-life balance and how taking time off for a 13-month road trip with his family was made possible by the firm's robust operational structure. From Personal Brand to Broadened Business Model: Insight into Jordan's decision to rebrand from "Jordan Law" to "Driven Law" to create a sustainable business model that is not overly dependent on his personal brand.   This episode provides invaluable insights for any lawyer looking to transition from traditional practice to a more entrepreneurial approach, ensuring their law firm is not only a place of work but a business they truly love.   05:02 Jordan shares how he met his wife, Heather, and how they worked on opposite sides of the legal field before starting a business together.   06:48 Jordan talks about their approach to defining roles in the firm to avoid conflicts, leading to business and legal sector separation.   21:34 Jordan explains his extensive experience with marketing strategies, noting the importance of having a solid sales process and the capacity to fulfill services before significant marketing investments.    31:15 Jordan discusses how he was able to go on a 13-month road trip with his family while his firm continued to thrive, hitting their goals and KPIs without his daily involvement 

    9: Moving From Generational to Regenerative Wealth: A New Paradigm in Family Planning

    Play Episode Listen Later May 20, 2024 29:51


    Welcome to a transformative episode of our podcast, where Ali shares a presentation she gave to a VC fund about the concept of “Regenerative Wealth” - proposing a model where wealth creation and distribution are aligned with life-enhancing principles and sustainable growth. This episode is a must listen for lawyers who are interested in exploring how to maximize life's resources and enhance family relationships through dynamic estate planning.   What You'll Walk Away With: Understanding Regenerative Wealth: Grasp the concept of regenerative wealth, which emphasizes using assets in a way that benefits the individual, their family, and the community while they are still alive. Die With Zero: Learn about the innovative idea of living fully by planning to utilize all resources by the end of life, ensuring wealth serves its purpose during one's lifetime. Creating Sustainable Legacies: Discover strategies for creating legacies that contribute to long-term family and community resilience rather than merely passing on assets. The Role of Personal Family Lawyers: Explore how lawyers can become more than just legal advisors by facilitating deeper family conversations and supporting clients in making impactful decisions about their wealth. Investing in Relationships: Understand the importance of investing in personal relationships and community ties as a way of building a support network that can outlive financial wealth.   By fostering a deeper understanding of how to manage and discuss wealth, personal family lawyers can guide their clients towards decisions that not only secure their financial future but also enrich their lives and those of their communities. Join us to learn how shifting your perspective on wealth can lead to more meaningful, impactful legacies.   07:33 Ali shares a personal anecdote about choosing to speak at an investor conference focused on humanity's resilience, emphasizing in-person interactions.   09:59 Ali talks about how she met the son of a multi-billionaire, during a talk about generational wealth to regenerative wealth, who turned out to be one of her most important clients.   17:46 Ali proposes a shift to regenerative wealth, suggesting a permaculture approach to investing, starting with oneself, emphasizing the importance of lawyers investing in their personal development and ability to earn as part of this shift.     20:06 Ali advocates for investing in non-extractive ways, understanding the concept of 'enough,' and initiating early and open conversations about incapacity and death to better manage family wealth planning.

    8: How to Set the Right Goals For Your Business (Plus Set Up Your Business Entity and Pay Yourself Wisely)

    Play Episode Listen Later May 13, 2024 21:23


    What are the essential things you need to know and do to successfully transition from being a new entrepreneur to a savvy business owner? In this episode, Ali delivers a talk on the essential knowledge and skills required for successful business ownership that most first-time business owners get wrong: Setting Realistic and Ambitious Goals: Understand the importance of setting high yet achievable targets for your business, drawing inspiration from historical wisdom and modern success stories. Confronting and Overcoming Fear: Explore how fear of disappointment can hinder progress and learn strategies to overcome these emotional barriers, paving the way for growth and success. Client Engagement Mastery: Discover the secrets to turning inquiries into appointments and appointments into loyal clients. Learn the art of effective engagement and why it's critical to your business's success. Building a Solid Business Foundation: Dive into the essentials of setting up your business legally and financially. Gain insights into entity formation, financial systems setup, and the intelligent use of credit for business expansion. Aligning Your Calendar with Business Goals: Ali guides you through the practical steps of aligning your day-to-day activities with your long-term objectives. Understand how effective time management and goal alignment can propel your business forward. Ideal for lawyers transitioning into business ownership that are looking to establish a firm foundation, this episode is packed with actionable advice, practical tips, and motivational guidance. Listen in to start your journey to becoming a successful business owner with confidence and clarity.   02:34 Ali talks about the common fear of setting goals too low to avoid disappointment, and the encouragement to aim higher.    03:53 Ali highlights the importance of writing down goals and projections as a method to solidify and realize them.   10:54 Ali emphasizes keeping your business and personal finances separate and shares the use of business credit wisely as a tool for business growth.   15:32 Ali suggests managing one's calendar effectively by scheduling sufficient planning sessions aligned with the business's conversion rate and further explains focusing on improving these rates to potentially unlock limitless earning capabilities without the complexities of designing pricing or service delivery models.

    7: Make $600k per Year in Just 10 Hours per Week Serving Business Owners Like This

    Play Episode Listen Later May 6, 2024 54:11


    Tired of the billable hour grind? It's possible to run a lucrative practice serving your ideal business clients in just 10 hours a week. Tune in as Ali interviews two powerhouse lawyers - AJ and Denise - who broke free from the “Big Law” burnout by niching down to serve select entrepreneur clients at high monthly retainers.  Key Takeaways: Strategic Niche Focus: niching down opens the door to become a coordinated advisor guiding all your clients' legal, financial, insurance, and tax needs and move beyond just documents to provide the kind of holistic planning and protection today's top business owners crave but are difficult to find. Effective Client Acquisition: Denise shares her approach of attending high-ticket events to connect with potential clients, offering initial free services to demonstrate her value. AJ discusses leveraging personal and professional networks to establish connections with potential clients who require sophisticated estate planning. Innovative Retainer Models: Gosnell utilizes a retainer-based model where she acts almost as an in-house counsel for her clients, offering them quick and effective legal solutions. Olofsky integrates estate planning with business growth strategies, helping clients prepare for future transitions and ensuring their legal needs are met as they evolve. Building Trust through Generosity: Denise's strategy of initially offering free services to potential high-value clients showcased her expertise and built trust, eventually leading to lucrative, ongoing engagements. Both attorneys emphasize the importance of proactive service and being readily available to address urgent client needs, reinforcing client trust and satisfaction.   This episode is a treasure trove of insights for any legal professional aspiring to niche specialization or seeking to innovate their practice. Denise Gosnell and AJ Olofsky exemplify how targeted services, combined with a client-centric approach, can lead to a fulfilling and profitable legal career. Whether you are a seasoned attorney or just starting out, their stories provide inspiration and actionable strategies that can be adapted to your own legal practice.   05:35 AJ talks about his background, when his career started, balancing multiple roles and responsibilities that led to exploring a new business opportunity.   11:05 Denise shares her professional struggles before meeting Ali and how Ali changed her life after one conversation.   13:06 AJ explains the importance of specializing in a particular area, which for him is estate planning for business owners with specific revenue ranges, emphasizing how this specialization makes client acquisition and service delivery more efficient.   26:37 Denise shares her initial method for gaining clients by attending events, offering free legal services, and investing significant money for access, which developed trust and led to high-value, long-term client relationships.   33:52 Denise shares insights on maintaining high levels of client service, including the importance of availability through personalized communication methods like texting, to solve client issues promptly and effectively.

    6: Financial Foundations for a Prosperous Practice

    Play Episode Listen Later Apr 29, 2024 14:37


    When starting a new estate planning law practice, it's crucial to establish strong financial systems right from the beginning. Join Ali as she coaches Brooke on the best practices for managing finances, bookkeeping, and securing client payments for budding a practice.   You'll learn: Why partnering with a bookkeeper early on is a worthwhile investment How proper income categorization and expense tracking provide invaluable visibility Why consistent monthly profit and loss reviews ensure accuracy How to plan your fee structure and payment options to get paid promptly Tips for seamlessly collecting payments at the end of client meetings The power of framing financial conversations logically, not emotionally   If you're an estate planning lawyer ready to build a prosperous practice, this episode is for you. Walk away with actionable strategies to foster financial health, and implement the critical foundations that position your new firm for sustainability, scalability, and success. 00:58  Ali emphasizes the necessity of hiring a bookkeeper from the outset instead of attempting to handle it oneself, outlining the critical role of regular financial reviews with a bookkeeper. 02:23 Ali discusses the importance of categorizing incomes by type to better understand and manage the law practice's financial standing. 06:19 Ali illustrates how investing in a good bookkeeping service is crucial, even at the early stages of law practice, to ensure proper payroll and expense management to minimize taxes. 08:39 Ali shares how to handle client payments efficiently, discussing various payment options, and ensuring that the practice covers its costs upfront. 12:23 Ali and Brooke discuss the technical aspects of setting up systems to accept payments and ensuring clients are invoiced and receipts are issued promptly.

    5: How Jim Built His Book of Business Inside a BigLaw Firm Using Networking That Works for All Rainmaker Lawyers

    Play Episode Listen Later Apr 22, 2024 28:09


    In this episode, Ali hosts special guest Jim Carlisle of the Dinsmore firm. Jim brings over three decades of legal expertise, and shares his secrets to building his book of business inside BigLaw and becoming a partner by using networking that works for all entrepreneurial lawyers, building their own firm or working inside another firm.    Key Discussions: Proactive Networking and Marketing Techniques: Discover Jim's strategy for effective networking and marketing, including how to choose the right events, engage in purposeful conversations, and conduct impactful follow-ups. Blending Big Law Experience with an Entrepreneurial Spirit: Learn how Jim transitioned from the structure of a big law firm to embracing the entrepreneurial spirit of a solo practitioner, providing valuable lessons for lawyers in various settings. Balancing Expertise with Approachability: Jim reveals how he has mastered being both approachable and exceptionally knowledgeable, making him a sought-after lawyer for clients and colleagues alike. Lifelong Learning as a Catalyst for Growth: Jim emphasizes the importance of continuous learning and staying informed, demonstrating how this not only enhances legal practice but also keeps you intellectually stimulated and adaptable. The Art of Building Client Trust: Explore how focusing on clients' core needs can elevate you to a trusted advisor role, offering comprehensive legal support and fostering lasting client relationships.   This episode is an essential listen for any lawyer aiming to innovate their practice and remain relevant in a rapidly evolving legal landscape. Tune in for a treasure trove of actionable advice, inspiring stories, and insightful strategies to rejuvenate your legal career and create a law practice that is both rewarding and impactful.   02:24 Jim's law practice - focusing on growth and building long-term client relationships right from the start.    12:29 - Jim's approach to networking events.    14:52 - The importance of ongoing marketing and continuous learning to keep growing and staying relevant.   19:06 - Building trust through meaningful conversations, and the importance of serving clients' most crucial needs.  

    4: Leverage and Grow: The Smart Lawyer's Guide to Using Debt Effectively

    Play Episode Listen Later Apr 15, 2024 8:49


    Growth and expansion are critical milestones in a law firm's journey, yet they often come with the daunting task of securing additional funding. Episode 4 tackles a pivotal and often misunderstood aspect of this journey: the strategic use of debt. Far from being a taboo topic, understanding and utilizing debt can be a game-changer for law firms poised for growth. Key Takeaways: Debt as a Catalyst for Growth: Uncover the potential of debt as a powerful tool for expanding your practice. Ali debunks common misconceptions, illustrating how debt, when managed smartly, can propel your firm to new heights. Stigma vs. Strategy: Dive into the societal stigmas surrounding debt and learn how to shift your mindset to view debt as an asset rather than a liability. Cost-Effective Financing: Explore why debt can be a more affordable and effective funding option compared to other methods like selling equity. Understand the nuances of leveraging debt to your advantage. Ali's Personal Insights: Gain valuable insights from Ali's own experiences with using debt to scale her company. Learn how to align debt with your growth objectives and timelines, ensuring you don't overstretch your financial capacity. Debt as a Tool, Not a Burden: Discover the critical difference between using debt as a strategic tool versus falling into the trap of burdensome debt. Learn tactics for employing debt in a way that fuels sustainable and responsible business expansion.   This episode is vital for any lawyer contemplating staff hiring and firm expansion. Join Ali as she coaches a Personal Family Lawyer firm leader to demystify the role of debt in business growth, offering a fresh perspective and practical strategies for making informed, intelligent decisions about financing your firm's future.   00:26 The need for funding support for business growth and expansion.   02:26 The challenge of taking on additional debt and the desire for alternative funding options.   03:03 The importance of mapping out financials and investment for growth.    04:41 The entrepreneurial mindset of constantly seeking the next level of growth and the need for funding to achieve it.   06:49 Shift in perspective from consumer debt to business investment using credit.  

    3: Niche Clarity: How to Become the Go-To Lawyer in Your Community

    Play Episode Listen Later Apr 8, 2024 32:04


    In a world rattled by constant upheaval – be it wars, economic shifts, or political turbulence – lawyers have an incredible opportunity to provide steadfast and reliable leadership in their communities. This episode zeroes in on the power of service and the importance of honing in on a specific niche to make a lasting impact with your business.   What You'll Discover: The Essence of Niche Marketing: Explore why broad, generalized marketing efforts fall short and how adopting a laser-focused approach on a well-defined niche is pivotal for effective leadership and service.   Psychographics in Legal Practice: Delve into the importance of psychographics – understanding the values, attitudes, interests, and lifestyle of your target demographic. Learn how this knowledge is key in refining your messaging and choosing the right channels to reach your audience.   Educational Outreach Strategies: Grasp the significance of educating your community on critical legal matters and how this positions you as the go-to expert.   Avoid Common Niche Pitfalls: Gain insights from Ali's live coaching with lawyers, offering a mirror to your own practice's clarity or lack thereof. Understand common pitfalls in identifying a niche, and how being too vague or too specific can hinder your outreach efforts.   This episode is a must-listen for any legal professional striving to carve out their space in the community as the trusted, go-to lawyer.    Join Ali as she guides one of her Personal Family Lawyer firm leaders  through the process of identifying, understanding, and effectively reaching out to your ideal niche, ultimately transforming your practice into a beacon of reliability and service.   01:24 The education clients need on incapacity and death, and deciding when to plan with or without a lawyer.   04:57 The type of clients the lawyers are meant to serve and what makes planning with a lawyer different   13:29 Audience targeting and how to narrow down client demographics, alongside specific examples from participants.   20:01 Single professional women managing careers and family responsibilities.  

    2: Law Firm Launchpad: Elevating Your First Year with Strategic Tax and Funding Approaches

    Play Episode Listen Later Apr 8, 2024 25:23


    Starting a new law firm is no small feat, but with the right strategies and guidance, you can transform your first year from a challenge to a triumph.    In this eye-opening episode, Ali Katz, your trusted guide in legal entrepreneurship, coaches one of her Personal Family Lawyer firm leaders and lays  out a step-by-step roadmap for early-stage success.   Here's what we cover: Maximizing Tax Benefits: Discover how aggressive leveraging of tax savings through business expense deductions and S-Corp taxation can drastically reduce your self-employment taxes. Smart Funding Strategies: Learn how to harness the power of business credit to fuel growth in your firm, allowing you to focus on key priorities without financial strain. Marketing Mastery: Uncover the secrets to diversifying your marketing efforts for a steady flow of leads. Investing boldly in marketing isn't just expenditure; it's the cornerstone of sustainable revenue. Navigating Overwhelm: As a new entrepreneur, it's easy to get overwhelmed. Ali discusses how to stay centered on your mission to serve more clients, ensuring your vision remains the north star of your practice. Systemizing for Success: We break down how to optimize systems and workflows in your practice for efficient operation and a smooth path to growth.   Whether you're in the initial stages of setting up your law firm or looking to fine-tune your existing strategies, this episode is packed with actionable insights. Tune in to learn how to lay down a solid foundation for your law practice, enabling you to soar towards your entrepreneurial dreams with confidence and clarity.   04:23 Maximize business expenses before year-end for tax benefits. 07:39 Limit business expenses, lower tax with S-Corp. 10:39 Get support to grow your law practice. 15:35 Block time for signings, presentations, and education. 19:35 Entrepreneur secures $150,000 loan from local banks.  

    1: Building Your Law Practice into a Business You Love: The NewLaw Podcast

    Play Episode Listen Later Apr 8, 2024 3:51


    Welcome to the first episode of the "NewLaw Podcast for Entrepreneurial Lawyers" with Ali Katz. In this episode, our host Ali Katz shares her journey from leaving the security of a six-figure paycheck to launching her own law practice. Ali's story is one of resilience, learning, and growth as she faced the challenges of building a million-dollar business while balancing family life. Join us as Ali unveils the valuable lessons she learned, and provides a glimpse into the New Law Business Model and Personal Family Lawyer, training lawyers to serve millions of families across the United States with the heart centered, counseling based methodology.   What you can expect from this podcast: Mastering Business Essentials: Delve into crucial business skills not taught in law school, such as financial management, effective leadership, and impactful client engagement. Creating a Lucrative Law Practice You Love: Gain insights into the strategies and mindset shifts that enabled Ali to build a highly successful law practice, offering valuable lessons for your own growth. Heart-Centered Counseling-Based Law Methodology: Discover how Ali's heart-centered, counseling-based methodology transforms the conventional estate planning process, positioning you as an irreplaceable asset in the age of AI and online legal services. Embracing Personal Growth: Draw inspiration from Ali's journey through failures, bankruptcy, and spiritual awakening, leading to the creation of a practice founded on truth and integrity. Understand the importance of inner work, resolving deep conflicts, and self-development in becoming a fulfilled and successful lawyer.   Subscribe now and embark on a journey of discovering how to love your life as an entrepreneurial lawyer.  

    Welcome to the NewLaw Podcast

    Play Episode Listen Later Mar 15, 2024 1:40


    Welcome to the "NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz," where we empower you to transform your law practice into a business you truly love. Join us on a journey that will guide you to the depths of understanding why you went to law school, and how to turn your law degree into your most valuable asset.   In each episode, Ali Katz takes you behind the scenes into real life coaching of lawyers who are doing it, they have invested and are taking action, and getting coaching from Ali and her team of Law Business Mentors each step of the way.    Whether you're a seasoned law entrepreneur or just beginning to explore the possibilities of going out on your own, this podcast will serve  as your compass, lighting up  the path to building your business as an entrepreneurial lawyer in ways that take you beyond what you ever could have expected.   Discover practical insights, expert advice, and inspirational stories designed to awaken your entrepreneurial spirit and ignite your journey from law school to passing the bar and using your law degree to build a business you love.    From strategic business development to cultivating a mindset of abundance and doing the healing work to resolve anything and everything in the way of the life of your dreams, the "NewLaw Podcast" offers invaluable guidance simply not available anywhere else.    Tune in and let's redefine what it means to be an entrepreneurial lawyer in today's ever-evolving legal and business landscape.  

    Claim NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel