Anyone who has practiced law for more than a week or two knows there are times when you just hate practicing law, especially if you are stuck working at a law firm you don’t like.
John Corcoran was like that just a few years ago. He was working for a law firm where he hated the work he was doing. He was miserable.
But then he decided to take control and start his own small law firm even though he was just a few years out of school and had never run a business before.
He was scared to death. He had no idea if it was a smart decision – or a career-ender.
Then, that first month, he ended up making 3X what he was making before he went out on his own. And three years later, his practice continues to grow — even though his “office” is little more than a laptop and a cell phone.
Today, he calls his own shots, choosing which clients he works with, and which he doesn’t.
Learn:
- The 5 Steps to Launching a 6-Figure Law Firm
- How you can start your own firm, even if you’re not an “expert” or you have law school debt
- The formula for earning at least $10,000 in your first month of your new firm
- What mistakes you need to avoid
12. On today’s training I’m going to walk you through
how you can do this as well
… and do it in the next 30 days
13. No matter what area
of law you practice,
where in the world you
practice, and even if
you’ve never landed a
client before…
14. Even if you don’t know what practice
area to focus on, or if you are struggling
to increase your revenues
15. 1. Shocking statistics from the Legal Profession
2. My Story
3. Examples of Other Small Firm Lawyers Making 6
Figures a Year
4. How to Make $10,000 in your 1st Month
5. 5 Steps to Launch a Successful Small Law Firm in
30 days
6. Explain my course to help you launch your own
small law firm
7. Q&A at the end
Agenda
16. First I want to
share some
information on the
state of the legal
profession
22. Lawyers who work for
themselves or in small firms are
MUCH happier than lawyers
working in large firms
23. Only half of attorneys who join large
law firms out of law school are likely to
be practicing law in 10 years
85% of the attorneys who join small
law firms are likely to still be practicing
in 10 years
27. More good news:
Approximately 70% of the
lawyers in private practice in the
U.S. are in firms of 10 or fewer
lawyers
28. Nearly 50% of U.S. lawyers in
private practice are sole
practitioners. - ABA
29. BUILDING STRONG RELATIONSHIPS
with the right people is the #1 thing you can do
to be successful in business – yes, even running a law
firm business.
30. I paid my dues,
working for other law
firms, learning how
to be a lawyer.
57. Step 1: Set your launch date
- Work backwards from launch date to set “done by” dates
(i.e. Jan 1st start date)
- Pick last date working at old firm (add 1-2 week buffer
before starting new firm)
- Pick “14-day notice” date
- Select date to inform everyone of new contact info (i.e. 7
days prior to last date at old firm)
- Select deadlines for new office, new malpractice
insurance, new phone number, new website, new email
address, office supplies, discussions with clients,
discussions with referral partners
59. Step 2: Create Action Plan
- Choose new Office Space
- Select Malpractice insurance carrier
- Identify Research & billing software
- Form new entity
- Set up new bank account
- Create new LSA
- Set up new website
- Select dates to inform old clients, referral partners,
other attorneys, friends, etc.
61. Step 3: Your Tools
- Cell phone, email, fax line (optional)
- Set up website/blog
- Modify social media profiles: LinkedIn,
Avvo
- Create Yelp profile, Google profile
- Press release / notify publications
63. Step 4: Your Clients
- Before & after transition, set up lunches or
coffee with past clients, key referral
partners
- Call your best clients
- Create email list of all current and past
clients, referral partners
- (Optional): create educational live webinar
or teleseminar after launch for past clients
65. Step 5: Time to Launch!
- Your new office is set up
- You have research tools in place
- New email address & website working
- Malpractice insurance is active
- Clients and referral partners are informed
- By the time you start, everything is in place
69. How would you feel?
What would it
be like
if you could serve
that client over and over
again and make a
6-figure income doing it?
70. Once you identify your ideal clients & begin
serving them (removing the headaches of
practicing law), you will start earning the
income you deserve.
71. How to Launch and Grow Your
own Thriving Small Law Firm