One of the biggest issues facing lawyers today is the accrual of billable hours. During the early days of 2020, lawyers were forced to work remotely and reconfigure their entire practice. This led to a decline in billable hours across the board, with legal practitioners struggling to make ends meet. One study suggests that most law firms were only able to net an average of 2.5 billable hours each day. Virtual legal assistants are increasingly employed to resolve these issues.
Megan Mathias is the Founder of LOPP Mathias Law, she represents business owners with challenges relating to corporate governance, employment issues, shareholder disputes, Family Law disputes and contract issues. Megan talks about how entrepreneurial knowledge and creating a united culture is important in building a good law firm. She talks about how her law firm started out as a virtual service and how that benefit both the clients and lawyers. Megan also talks about how she was able to manage her time in a season where she had to juggle a lot of responsibilities. They also talk a bit also about political issues that need to be addressed and Megan's stand as an elected Alderman.
Stephen Seckler is the President of Seckler Legal Recruiting and Coaching and the host of the Counsel to Counsel Podcast. In this episode, he talks about how lawyers can leverage marketing strategies and techniques and why it’s important to have a healthy practice. He also talks about how you as a lawyer can grow efficiently in your career, career issues that lawyers should watch out for and the benefits of working with a coach. They also talked a bit about retirement and the next stage for seniors
McKenna is the founder of Law x Design, a legal practice that focuses on entrepreneurs, artists and start-ups. In this episode, she talks about encouraging clients to think with a legal mindset to protect themselve’s from liability. She also talks about how people are all unique, and the best way to keep clients is to acknowledge that they’re all individuals and to dedicate a lot of time on networking. The mental health state of younger lawyers were also discussed and what we can do to improve it. They also talked about the current experience of women in law and what changes McKenna wants to see in the future of the business of law.
At some point, small and solo law firms will have to deal with hiring or managing a team outside of themselves. While managing staff as a solo attorney presents a unique set of challenges, it is ultimately a sign of success: your business has grown and is thriving. However, time is of the essence: it takes work to build out your team, and you may be banking on time you can’t afford to spend on recruitment, training, and management.