Profit with Law: Profitable Law Firm Growth
Small Law Firms often start from the practice of law and not as a business venture. This ends up causing the growth of the firm to be much longer and more painful than it needs to be. If you started a Law Firm with the intention of increasing your impact, freeing up your time and having all the money you will ever need then the strategies we discuss will be priceless for you. Profit with Law is a show focused on the business of running a law firm as a profitable venture. Packaging and pricing your services, getting clients consistently, growing your staff in a way that feels good to you and implementing systems and technology to set yourself up for success are all discussions you will find here on the show. Moshe Amsel the host of the Profit with Law podcast is not an attorney. He has spent 20 years as an executive in the IT industry before becoming an accountant and business advisor for small businesses. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful. Our mission is to empower all people with wealth creation so that this and future generations can lead a better life. We’d love nothing more than to do this by helping law firm owners on their journey. A law firm is not for practice it’s for profit!
Profit with Law: Profitable Law Firm Growth
Why Your Law Firm Needs Effective Risk Management Strategies with Mark Bassingthwaite - 476
Shownotes can be found at https://www.profitwithlaw.com/476
If you think that your firm isn’t susceptible to a cyber attack, your whole practice is at risk.
Veeam blog columnist Cole Hanks writes that “up to 60% of small businesses fail after a successful cyberattack.” Many firm owners think their practice is too small to be of any importance to cyber attackers and malpractice, but that very thought can be very costly.
Join Moshe Amsel and guest Mark Bassingthwaite, a seasoned risk management expert with ALPS, as they delve into the crucial topic of risk management for law firms and ensure that you are educated and prepared to keep your firm from the aftermath.
In this episode, you can find:
- Insights into cyber security risks, like wire fraud and ransomware
- Essential tips on selecting the right malpractice insurance
- Vital steps law firms need to take to protect themselves
- The role insurance plays in safeguarding your firm’s future
Listen now to learn how to fortify your law firm against unforeseen risks and enhance your risk management strategies!
Chapters:
[00:00] Introduction to Risk Management with Mark Bassingthwaite
[03:00] Mark’s Journey into Risk Management
[06:22] Cybersecurity Risks in Law Firms
[07:10] It Can Happen to You: Real Life Wire Fraud
[11:23] Understanding Cyber Security Threats
[13:58] How Does Ransomware Apply to Me?
[15:47] Understanding Cybersecurity Threats and How to Prevent Them
[24:18] Malpractice Insurance Coverage Essentials
[26:33] ALPS and What They Can Do For Your Firm
[27:58] Malpractice Insurance: What is it and Why Should I Invest?
[34:14] The Importance of Being Thorough in Your Firm’s Risk Management
[35:49] Closing Thoughts and Key Takeaways
Resources mentioned:
Book your FREE strategy session today!: profitwithlaw.com/strategysession
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Connect with Mark Bassingthwaite: Email | Website
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/