Episode Details
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#44: Helping BigLaw Attorneys Navigate the Business Side of Their Law Firms
Description
In today's episode, I discuss some essential steps and common challenges that arise when attorneys in large law firms get frustrated in dealing with the business and financial side of their practices, and what their firms expect from them in that regard.
We'll explore why some lawyers resist engaging with financial aspects of the practice, how business professionals can better support lawyers, and discuss actionable ways to foster more cohesive teamwork within the law firm.
At a Glance:
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00:00 – Introduction to the episode
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01:20 – Importance of collaboration between attorneys and business professionals
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02:10 – How financial considerations have become critical for law firms' success
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04:04 – Why attorneys can resist engaging on business and financial considerations
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07:07 – Potential impediments to business collaboration
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11:15 – How assumptions around client expectations can misalign firm and client interests
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13:10 – Breaking down financial and client billing requirements in a mutually beneficial way for clients and law firms
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15:26 – Enhancing the collaboration of business professionals and legal professionals to assist in law firm profitability and success
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Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:
laura@lauraterrell.com
LinkedIn: https://www.linkedin.com/in/lauralterrell/
Instagram: https://www.instagram.com/lauraterrellcoaching/
Show notes: https://www.lauraterrell.com/podcast