TWO STRATEGIES THAT DOUBLED THIS LAWYER’S FEE INCOME WITHOUT HIM WORKING MORE HOURS

TWO STRATEGIES THAT DOUBLED THIS LAWYER’S FEE INCOME WITHOUT HIM WORKING MORE HOURS

Doubling your fee income whilst working fewer hours might sound like a pipedream.

But it doesn’t have to be…

Recently, one of my ‘Profitable Practice’ law firm owners told me he had doubled his fee income to £550,000 in the previous 12 months whilst reducing his working hours to 4 days a week.

When Anthony first came to me more than a year ago he was overworked and overwhelmed, and his firm’s growth was flatlining.

All those extra hours he was putting in were not translating into growth.

He was stressed and had run out of steam – and it showed.

12 months on, he was looking relaxed and satisfied. He has that look of someone who set a bold target and achieved it.

I asked him which of the Profitable Practice Accelerator strategies I’d recommended had contributed most to these results.

He told me that two key strategies had provided the biggest results.

First, raising his fees 3 times within a 12 month period had significantly helped his firm increase monthly fee income. He said?“We would never have had the confidence to make those increases without your ‘Fee Increase Safety Net’ system and your support”.

Second, he’d freed up a day a week of his own time by using our ‘Team Amplifier’ system to delegate not just tasks but?responsibilities?to other team members.

But these two strategies aren’t the answer for every firm.

Anthony is getting great results because he’s installing the?right?systems and strategies in the?right?order based on his?specific?circumstances.

Take action

If you want to identify the exact systems and strategies your firm needs right now to increase your clients, fee income, and profits (whilst reducing your working hours) then here’s my recommendation…

You first need to identify what’s holding you back or slowing you down from getting those results (the obstacles) and the opportunities you’re missing out on.

You then need a?prescription?for the right strategies and systems to overcome those obstacles and maximise the opportunities you have.

And you might need expert help to get the right prescription for you.

You can get my help with both identifying the obstacles and getting the right prescription to overcome them at my next online workshop?for lawyers. You’ll leave this online workshop with a specific prescription for the strategies your firm needs to increase your clients, fee income, and profits, without working more hours – based on your specific circumstances. Or, if you prefer a private session to achieve the same results, please get in touch.

要查看或添加评论,请登录

Michelle Peters的更多文章

  • DON'T REINVENT THE WHEEL

    DON'T REINVENT THE WHEEL

    If you’re ready for some help to identify and implement other growth strategies to increase your clients, profits, and…

  • COULD YOU TAKE 18 DAYS HOLIDAY WITHOUT ANY WORK INTERRUPTIONS?

    COULD YOU TAKE 18 DAYS HOLIDAY WITHOUT ANY WORK INTERRUPTIONS?

    A common complaint I hear from law firm owners is that taking time off is hard. Worse, they often say that when they do…

    4 条评论
  • FOOTPRINTS IN THE SAND AND PROFITABLE LAW FIRM GROWTH

    FOOTPRINTS IN THE SAND AND PROFITABLE LAW FIRM GROWTH

    Whenever you start a journey in your business or personal life you have a choice to make… do you want to follow in the…

  • The 'Home Extension Approach' To Law Firm Growth

    The 'Home Extension Approach' To Law Firm Growth

    Earlier this year we completed a 7-month extension and refurbishment project on our new home in Kent. When you’re…

  • HOW TO ‘NEUTRALISE’ A 1 STAR REVIEW

    HOW TO ‘NEUTRALISE’ A 1 STAR REVIEW

    Back in the summer I was on holiday in the Champagne region of France and we stayed for a few nights at a small…

    2 条评论
  • 3 STEPS TO RAISE YOUR FEES WITHOUT LOSING CLIENTS

    3 STEPS TO RAISE YOUR FEES WITHOUT LOSING CLIENTS

    If you could raise your fees, without losing any clients, how much would you put them up by? £10 per hour? £50 per…

    1 条评论
  • OLYMPIC-LEVEL SUCCESS FOR SMALL LAW FIRMS

    OLYMPIC-LEVEL SUCCESS FOR SMALL LAW FIRMS

    As the 2024 Olympics captivates much of the world, I’m particularly drawn to the personal stories of triumph and…

  • WHAT UNWANTED ORANGES AND YOUR LAW FIRM HAVE IN COMMON…

    WHAT UNWANTED ORANGES AND YOUR LAW FIRM HAVE IN COMMON…

    In March I was in Southern Spain, near Seville. The orange trees were groaning with big, ripe oranges which were ready…

    2 条评论
  • PROPOSALS THAT WIN CLIENTS

    PROPOSALS THAT WIN CLIENTS

    Recently I helped one of our 'Profitable Practice' clients improve a written proposal for a prospective client (in this…

    5 条评论
  • WHY LAWYERS NEED TO ‘BE MORE SURGEON’

    WHY LAWYERS NEED TO ‘BE MORE SURGEON’

    Many lawyers tell me they find it hard to control the amount of time it takes to have a conversation with a prospective…

    4 条评论

社区洞察

其他会员也浏览了