Ready to reinvent yourself?

Share

According to a 2013 Harvard study, 80% of businesses are using a business model that is at least partially obsolete. They continue to use it because that’s what they’re used to.

How about you?

Have you followed the same methods and models for building and running your practice since day one? More importantly, will you continue to do so as we come out of our caves and get back to a regular schedule?

Will it be business as usual or will you make any changes?

To some extent, change is inevitable. We live in a different world today than we did a few months ago. Clients have different expectations and priorities. We have to at least be willing to meet them halfway.

But this is more than putting hand sanitizer in your waiting room. Maybe a lot more.

It might be about letting go of some practice areas, or taking on new ones. You might target new markets, change how you go about marketing, or dramatically reduce your overhead.

You might create strategic alliances with other lawyers or firms, take on new partners, or split up and going your own way.

And you might change your fee structure and billing practices.

That doesn’t mean “going small” necessarily. It might mean “going big”. You might raise your fees and let go of small cases and low-end clients.

I don’t know what’s right for you and your practice. I just know you have to consider all of your options.

And be prepared to get out of your comfort zone.

On the other hand, you may decide not to make any significant changes. You may reinvent yourself into the same person you always were.

Which is okay, too.

Just remember that while you may look the same and offer the same services from the same office, in some respects you will be a different person.

As will we all.

Whatever you do, take your clients and their referrals with you

If you like the information on this site, you'll love my free daily newsletter, "The Prosperous Lawyer," Sign up right here and get my free report, "Marketing for Lawyers Who Hate Marketing: How to Build a Successful Law Practice Without Networking, Blogging, Facebook or Twitter"

Share