Every December, successful law firm owners get an unpleasant surprise: a hefty tax bill & few options left to reduce it. The best tax-saving moves require action before December 31. Wait too long, and opportunities disappear.
For decades, most lawyers have answered “What’s your firm worth?” with a shrug. Your firm paid you well, and the day you stopped, its value walked out the door with you. That may be starting to change - The money is circling
If you pay yourself whatever is left over, you don’t know whether your firm is profitable. Here’s how to set a market wage for the roles you actually fill, pay it like payroll, and take profit separately.
If 5,000 people visit your website this month and virtually none of them need your services, you haven’t built an impressive marketing machine.
You’ve built a very expensive waiting room.
Good SEO isn’t simply about getting more people to your website. It’s about getting the right prospective clients there at the exact moment they’re looking for help.
Everyone tells you to "respond faster" and "follow up more." Fine. But nobody tells you how to actually make that happen when you're the one running the firm, taking calls, and drafting motions at the same time. Here are three specific, implementable moves — with the exact mechanics — that get you there without hiring anyone new.
Most attorneys spend decades building a practice and about zero hours planning how to leave it. That gap is expensive. A firm without a succession plan isn't just harder to sell — often, it isn't sellable at all. Here are three musts to fix that before it's too late…
Ever notice how the attorneys who seem the least stressed are often the ones running the biggest firms? It's not luck — it's morning discipline. The law firm owners who consistently leave the office at a reasonable hour aren't working less. They're starting smarter.
The next time one of your employees asks for a raise, what will you do? Most law firm owners run compensation like a casino — different decisions for different people on different days. Here's the discipline that ends the two-week stall, kills the Sunday-night dread, and turns the most stressful conversation in your firm into the most adult one.
Most law firm owners split their team into billable and non-billable. Greg Crabtree, in Simple Numbers, makes the case that this whole category is wrong — and that the label itself is quietly costing you profit. Here's the reframe, the ratio, and the rule for when to hire vs. when to cut.
If you're already maxing your 401(k) and profit sharing and still feel like you're not saving enough, a cash balance plan can let you contribute another $100K to $300K+ per year — pre-tax. Here's how cash balance plans work, why they're a near-perfect fit for law firm owners, and how to know if one belongs in your retirement strategy.
Most law firm owners hire out of desperation or optimism — neither gives you a real answer. This article breaks down two frameworks from Profit First and Simple Numbers that tell you exactly when your firm is financially ready to bring on its next team member.
Most law firm owners treat their finances reactively — managing by gut feel and looking in the rearview mirror. Q2 changes that. This quarter, we're reading Simple Numbers and Simple Numbers 2.0 by Greg Crabtree, and hosting three live masterclasses on profit, forecasting, and scaling your firm with clarity.
Most law firm owners work hard. But working hard isn't the same as working profitably. Here are the five levers that can dramatically improve your firm's bottom line — often without adding a single new client.
What if you could fill your practice with more clients exactly like your favorite one? For solo and small firm owners, cloning your best clients isn't a fantasy — it's a deliberate strategy. This article walks you through how to identify who your best clients really are, reverse-engineer what makes them a fit, and build the positioning and referral systems that attract more of them automatically.
What most law firm owners don’t realize is that keeping those clients isn’t just stressful — it’s measurably hurting your firm’s profitability, your team’s morale, and your long-term growth. The data backs this up. In this article, we’ll break down exactly why firing bad clients is one of the highest-leverage moves you can make for law firm profitability — and we’ll walk through how to do it professionally and ethically.
You've read the book. You understand the concept. Profit comes first, not last. But here's the uncomfortable truth: Most law firms that try to implement Profit First on their own fail within 90 days. In this article, you'll discover the 5 mistakes that cause Profit First to fail in law firms.
Scrambling to find cash at tax time? Setting aside too much and choking your cash flow? There's a simple formula that tells you exactly how much to reserve for taxes—and it takes just 10 seconds to calculate. Learn the (100 - Operating %) × Tax Rate formula that works for solo attorneys, small firms, and multi-partner practices.
Choosing the best bank for a law firm isn’t about finding a single institution—it’s about building the right banking structure. In this guide, we break down the best banks for solo attorneys and small law firms in 2026, including Profit First–friendly options, trust account considerations, and smart strategies for managing reserves and cash flow.
Most law firm owners don’t struggle because they aren’t working hard enough. They struggle because profit is treated like something that might happen—rather than something that is intentionally designed.
Profit on Purpose is a year-long experience for law firm owners who want predictable cash flow, calmer decision-making, and businesses that actually support their lives. In 2026, we’re building profit intentionally—one system, one decision, and one quarter at a time.
