10 things I would do DIFFERENTLY when starting my LAW FIRM

10 things I would do DIFFERENTLY when starting my law firm. I've been running a law firm for about seven years and have learned a few things the hard way. If I could start my business from scratch, I would niche down sooner and utilize flat fees. I'd also market and deal with clients in a different way. I've often felt alone in running a business (all the decisions are up to you), so I also mention a few ways that I wish I'd gotten help sooner.
Try Clio for free: www.clio.com/signup/?referral...
This affiliate link helps support my channel (with no cost to you)
▶ Let's connect:
➡ Say hi 👋 in the comments and let me know where you're located
➡ Website: www.coachlaw.biz/
➡ Email: [e-mail]
▶ Please SUBSCRIBE!
Hit the BELL 🔔 icon to be notified of my new videos each week (after you've subscribed, the bell is next to the subscribe button)
▶ About Nate Law
I want make it easier for you to run your law firm. This channel has strategies and tips to help you manage your firm with less stress. I own a mid-sized law firm in Oregon, and have learned a lot along the way. Just a handful of years out of law school, I found myself buying a 30-year-old law firm. Blessing or disaster? Well, a bit of both. Here's hoping you can learn from MY mistakes.
▶ What to watch next:
5 low-cost law firm marketing ideas: • 5 low-cost law firm MA...
Tips to manage legal assistants: • 3 KEYS to manage legal...
Things I love about Clio: • 8 things I LOVE about ...
Find a niche for your law firm: • Find a NICHE for your ...
#startalawfirm #lawfirmlife #attorneycoach

[@truthis9745]

This video is awesome! I find it extremely informative! Can you discuss fee structure more indepth? Such as when to use hourly vs flat fee vs retainer vs multiple simultaneously?

[@CoachNateLaw]

Thank you for your feedback! I strive to use flat fee as much as possible, but sometimes find that in litigation cases it still makes sense to use and hourly fee structure. Personally, I do not do a mix of hourly/flat fee billing on a single matter for a single client, but I do have several hourly-billed clients in addition to my predominately flat fee cases. Whether it is hourly or flat fee, the first thing to consider is whether you (as the business owner/lawyer) can afford to do the work at a particular price point. The second is whether it makes sense to the client and to make sure they see the value they are getting for that particular cost. You can break flat fee cases into “stages” such as negotiation, discovery, pre-litigation, litigation, etc., and have certain prices for each stage rather than demanding an entire case fee up front. This often works for both the client and the lawyer.

[@jean-jacquesnaude8037]

I started a law firm in March of 2021 in South Africa. Enjoyed your video. Realy related..

[@CoachNateLaw]

Thanks for watching and I'm glad you enjoyed the video.

[@gabecox]

Thank you for sharing these 10 things! Good takeaway for the flat fees, really will consider that.

[@CoachNateLaw]

Glad it was helpful!