We are always grateful for reviews of The E-Myth Attorney, especially when they come from a source that seems to truly understand the intentions that our Co-Founders, Robert Armstrong and Sanford Fisch, along with author Michael Gerber had in mind when they co-authored the book. We recently came across such a review by attorney Alex Craigie on his Blog At Counsel Table: The Craft and Business of the Courtroom Lawyer and would like to share it with our blogging community. We hope you enjoy it as … [Read more...] about On the Beauty of Process: The E-Myth Attorney: A Review
Do you know where your firm’s money is at any given moment? This is a necessity because, as we all know, you can produce a profit and still be short of cash. If you've owned a firm for any length of time, you know that money is not a constant. It ebbs and flows, sometimes predictably and sometimes erratically. The challenge as a business owner is to have strategies in place to make sure that you always have funds available when you need them. Strategy 1: The first strategy you should employ, … [Read more...] about Understanding Your Firm’s Money: Will It Be There When You Need It?
Profit: most of us use it as a marker for whether our practice is thriving or just barely limping along. But, just glancing at overall profit without taking a deeper look can spell disaster for your law firm. Profit can be a false sign of health, masking deeper problems. Did you know there are two types of profit? There’s intentional profit, and there’s accidental profit. Most law firm profit is accidental -- you can’t point to precisely why it’s there, and you couldn’t replicate it next month … [Read more...] about Understanding Your Firm’s Money: Profit
What financial goals do you have for your firm? More specifically, how much is your practice really capable of producing – and putting in your pocket – on an annual basis? Most attorneys have never really thought about this, but something as simple as having a concrete financial goal for your practice can do amazing things for your firm’s profitability. So, take a few minutes to come up with a number… and, once you have it in mind, write it down. Now that you’ve written down your annual goal, … [Read more...] about Understanding Your Firm’s Money: Know Your Number
Money… for lawyers, it’s a source of untold amounts of stress. This stress comes from not fully understanding the four categories of money created by a law firm and how they function together in a successful practice. As a lawyer-entrepreneur, until you really understand the function of money within the context of your practice, you’ll be haunted by money problems. The first thing to understand is that, no matter how much of it your firm generates, money alone will never be the source of … [Read more...] about Understanding Your Firm’s Money
FOR IMMEDIATE RELEASE Robert Armstrong and Sanford M. Fisch Co-Author the E-Myth Attorney SAN DIEGO, June 18, 2010--Attorneys nationwide have long looked to Robert Armstrong and Sanford M. Fisch as pioneers in law firm practice management. Now, with the publication of The E-Myth Attorney: Why Most Legal Practices Don’t Work and What to Do About It (ISBN 0470503653, Wiley, http://www.amazon.com/E-Myth-Attorney-Legal-Practices-About/dp/0470503653), Armstrong and Fisch are showing attorneys … [Read more...] about Robert Armstrong and Sanford M. Fisch Co-Author the E-Myth Attorney