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Your law firm is broke. Fix this & double your profit

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Manage episode 470046061 series 2896687
Content provided by Your Practice Mastered. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Your Practice Mastered or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Are you charging enough for your legal services?

Most law firm owners undercharge… and it is killing their profitability.

The truth is, that small price increases can exponentially impact your bottom line without affecting conversion rates.

In this episode, we reveal the Zero and Five Rule, a simple pricing strategy that helped take a Phoenix-based law firm from $0 to $3.5M and allowed the owner to take a month-long vacation for the first time.

What You’ll Learn:

  • The biggest mistake law firm owners make when setting their fees
  • How to strategically increase prices without losing clients
  • The Zero and Five Rule: The simple method to maximize profit without scaring off prospects
  • How one attorney doubled his profit in six months - and ultimately retired early

If your firm is making six or seven figures in revenue but your profit margins are thin, this episode will change how you think about pricing forever.

And if you want help applying this to your firm? Visit LawFirmSecret.com for a free strategy session.

  continue reading

141 episodes

Artwork
iconShare
 
Manage episode 470046061 series 2896687
Content provided by Your Practice Mastered. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Your Practice Mastered or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Are you charging enough for your legal services?

Most law firm owners undercharge… and it is killing their profitability.

The truth is, that small price increases can exponentially impact your bottom line without affecting conversion rates.

In this episode, we reveal the Zero and Five Rule, a simple pricing strategy that helped take a Phoenix-based law firm from $0 to $3.5M and allowed the owner to take a month-long vacation for the first time.

What You’ll Learn:

  • The biggest mistake law firm owners make when setting their fees
  • How to strategically increase prices without losing clients
  • The Zero and Five Rule: The simple method to maximize profit without scaring off prospects
  • How one attorney doubled his profit in six months - and ultimately retired early

If your firm is making six or seven figures in revenue but your profit margins are thin, this episode will change how you think about pricing forever.

And if you want help applying this to your firm? Visit LawFirmSecret.com for a free strategy session.

  continue reading

141 episodes

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