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

Grow Law Firm

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]

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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/