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Category Archives: Help, I Hate My Practice!

5 Steps Out of the Entrepreneur’s Inevitable Business Plateau (Part 1)

5 Steps Out of a Business Plateau

Like death and taxes, there is one thing about being a legal entrepreneur that is predictable… Your business will plateau. It will become overwhelming, lose its joy, and make you less money. Basic economics. When you grow, you have to spend more money to add “capacity” to serve the business you’re earning. That capacity reduces profit, and possibly your salary. You wonder, “Is it worth it?!” You find you’re working nonstop. You’re exhausted. Your team is in outright rebellion (or if your team is you, you’re hating your boss!). If tempers are flaring, moods falling, it doesn’t matter what your … Continue reading »

About the Contributor
Martha Hartney
Martha Hartney's is a successful Estate Planning lawyer in Colorado and co-creator of the Estate Planning Bootcamp. As a Law Business Mentor her greatest hope is to help other lawyers claim, or reclaim, the joy and the spiritual pursuit of being a lawyer.

Many Lawyers Are “Three Feet From Gold”

3 Feet From the Gold Mine

Lawyers are classic pessimists, cynics and skeptics. It takes all types, but once in a while you have to check yourself and be sure you’re not losing faith right before you make that big breakthrough… especially when it comes to increasing your law practice revenues and building a successful law business. You could be – what Napoleon Hill calls in his seminal work Think and Grow Rich – just 3 feet from gold! Hill tells the story of an enterprising man named R. U. Harby, whose uncle had gold fever. After staking his claim and a lot of hard work, … Continue reading »

About the Contributor
Craig Allan
Craig Allan is co-founder and President of New Law Business Model. He has over 11 years experience building marketing-based businesses with integrated online systems. Craig believes that family is the most important unit of society and feels lawyers have a unique responsibility to positively impact families, communities and future generations.

This Has to Stop: Suicide Among Lawyers On the Rise (Part 2)

hope

Depressed & Struggling to Transformation & Success I hope you got a chance to read last week’s blog post, inspired by a desire to provide hope for the lawyers who are seriously depressed about the reality of the practice of law.  I, too, found myself hopeless for a time in the early days of my practice. But, I got help and turned things around. You can too. This post is about the first 6 months to a year of my law practice, what was so depressing and how I turned it around. First and foremost, if you are truly suicidal, … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

This Has to Stop: Suicide Among Lawyers On the Rise (Part 1)

Alexis Neely - Law Business Mentors

Very recently, CNN reported that more lawyers are killing themselves than ever before. And this is not the figurative kind of killing themselves from working too many hours… it’s the literal kind — suicide. (news report here) Sadly, I am not surprised. On top of that, 40% of law school students are graduating depressed and disillusioned. My heart hurts hearing that so many lawyers are struggling so significantly. I get it. I remember coming out of law school, top of my class, starting a job at one of the best law firms in the country, married, with a baby, and … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

What Do Estate Planning and Yoga Have in Common?

Estate Planning and Yoga

Last fall I felt a renewed calling to return to yoga practice full time. Committing to yoga came from a deep yearning to reconnect with my own body. After being a mom where my body was not my own alone; a law student, where I had to be out of my body and in my head for long periods of time; and a business owner, where I simply did not make time for my body, has taken a toll. I’ve known for a long time that the work I do as an estate planner has a sacred core to it; … Continue reading »

About the Contributor
Martha Hartney
Martha Hartney's is a successful Estate Planning lawyer in Colorado and co-creator of the Estate Planning Bootcamp. As a Law Business Mentor her greatest hope is to help other lawyers claim, or reclaim, the joy and the spiritual pursuit of being a lawyer.

Why Estate Planning is the Best Practice Area for Most Lawyers

Best Practice Area for Lawyers

There was a time when I wasn’t sure I was going to continue serving lawyers. I had a mid-life crisis (or as I like to think of it—a Spiritual Awakening) and I did a deep dive soul-searching inquiry as to what I wanted to be when I grew up. To set the proper context here, this was happening when I had already built two million dollar businesses (one an estate planning and business planning law practice and the other business coaching estate planning lawyers themselves), written a best-selling book on legal planning for parents, and done a whole lot of … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

Are You Destroying Generations of Family Wealth?

Regardless of what kind of law you practice, you are serving people with families. You may be serving them to build their companies, or to get compensated after an injury or to ease their way through a divorce… Maybe you’re helping them to get through a criminal matter or start over through bankruptcy. Whatever it is you’re doing for your clients, you are serving people. The thing is, chances are high that you are missing a huge opportunity to not only make a big difference in these people’s lives, but also in the lives of their families for generations to … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

How to Ask for Support From Friends and Family (& Why You Should!)

Last week I wrote about some ways you could find extra money that you think you don’t have, in order to invest in your business. This week I’d like to explore the best way to ask your friends and family for support in a way that enrolls them to an almost automatic YES. The most important thing you need to have clear before you approach loved ones for any kind of funding is… Your big vision. And you need to know it inside and out, and be able to describe it well. You need to be able to clearly convey … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

Why Does it Feel So Painful to Be a Lawyer Sometimes?

There are certain parts of being a lawyer that are particularly hard… Especially, if you’re a lawyer who cares. The traditional business model is broken. If you are trying to make it work, you know it. You’re too busy. Not serving your clients in the way you want. Probably not commanding fees you know you could (or should). Even if you are making money, you’re struggling… To keep up… Constant worry… Anxiety and fear. You know it’s not supposed to be this way. It’s true. It’s not. And, you can do something about it. Here’s how: 1.  Take 100% responsibility … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.

Your Dose of Motivation to Charge More, Do More and Be More For Your Law Practice Clients

This week, one of the lawyers in our Personal Family Lawyer® program sent the following email to our private forum: “My assistant told me today that I am only appealing to the top 1% of people as potential clients, and that most people can’t or won’t pay our fees. He suggested that if somebody wants a will, then do a will, and charge him $500. Suggested that we should use PFL as a guideline, and not focus so intently on PFL. Compared the program to an infomercial when everything looks good, but ‘results shall vary.’” I wanted to share some … Continue reading »

About the Contributor
Alexis Neely is a Law Business Mentor and creator of the New Law Business Model. She built her law practice from scratch into a million dollar a year generating business in just three years with the new law business model her family and her clients loved.