013: Keeping Overhead Low and Maximize Profits
Description
In this episode of Solo Law Club, I break down how solo lawyers can maximize profitability by keeping overhead lowwhile still investing in the right areas to grow their firm. Running lean doesn’t mean cutting corners—it means being strategic about where you spend and where you save.
I share my own experience of starting my firm by renting office space from a realty company, allowing me to keep costs low while maintaining a professional environment. As my practice grew, I purchased my own building and now rent out the upstairs as a residential apartment, further offsetting costs.
I also cover where to cut expenses, including limiting office space, leveraging remote receptionist services like Back Office Betties, using case management software like MyCase, and cutting unnecessary subscriptions. On the flip side, I discuss where to invest, such as SEO, digital marketing, and ongoing education, to help solo lawyers grow their firms efficiently.
If you’re looking for practical, real-world strategies to build a highly profitable solo practice without unnecessary financial stress, this episode is for you!