How to Gain the Most Profitability from Your Law Firm with Moshe Amsel, Founder of Profit with Law

Grow Law Firm Podcast

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Join Sasha Berson as he speaks with Moshe Amsel, Founder of Profit with Law

👉Sasha and Moshe explore:

— How to grow a law firm from $500K in revenue to $3-4M by hiring more attorneys. Each additional attorney can bring in $1M in revenue.

— The importance of setting goals to create generational wealth through a profitable law business, instead of just achieving a comfortable lifestyle.

— How most lawyers remain relatively "poor" by overcomplicating growth and just drifting without purposeful plans.

— Why law firm owners should focus on profitability (40-50% margins) instead of just revenue growth.

— Investing in people (attorneys, marketers) and marketing is essential for scaling, even if it seems risky initially due to perceived costs.

👉Main takeaways from the episode:

— Law firm owners need to shift their focus from just revenue growth to profitability, aiming for 40-50% profit margins rather than drifting and assuming 3-4% growth is successful.

— Growing a law firm means investing in people like additional attorneys who can each generate $1M in revenue, even if it seems risky initially due to perceived hiring and marketing costs.

— Be willing to invest in your business, such as hiring attorneys and investing in marketing, even if it means taking on some level of risk.

— Get out of the mindset of being an "attorney" and embrace your role as a business owner unlocking your firm's full potential.

📰About Moshe Amsel:

Moshe Amsel, the founder and CEO of Profit with Law, is a seasoned business executive with over 20 years of experience in the IT industry. With an MBA degree and a proven track record in Sales and Marketing, having closed over $30 million in sales in a single year, Moshe brings a wealth of expertise to the legal industry. He is passionate about helping law firm owners achieve substantial growth and profitability, with a focus on creating generational wealth. Moshe also owns DreamBuilder Financial, an accounting practice where he provides business advisory and tax strategy services to his clients.

📞Connect with Moshe Amsel:

• Website: https://www.profitwithlaw.com/

• LinkedIn: https://www.linkedin.com/in/mosheamsel

• Facebook: https://www.facebook.com/profitwithlaw

• Twitter: https://twitter.com/moshe_amsel

📞Connect with Sasha Berson:

• LinkedIn: https://www.linkedin.com/company/grow-law-firm/

• Instagram: https://www.instagram.com/grow_lawfirm/

• YouTube:https://www.youtube.com/@growlawfirm

• Facebook: https://www.facebook.com/growlawfirm

• Email: [e-mail]

• Phone: [phone]

#LawyerWebsite #LawyerSEO #LawFirmMarketing

If you enjoyed today’s show, please leave a review and subscribe so you never miss an episode. For more information and links to all of the resources mentioned in today’s episode, visit https://growlawfirm.com/