As the owner of your law firm, are you satisfied with how much you make monthly? If the answer is no, would you like to fix that? In today's LAWsome episode, co-host Tanner Jones and Matt Smyers welcome Brooke Lively, author and founder of Cathedral Capital, to talk about the best practices for law firms looking to maximize profit and manage spending.

Brooke began her career by managing her family's law firm. She soon realized that they needed help with the financial side of things and hired an agency to learn how to master their finances. After realizing other attorneys often faced the same issue, she opened her own business, Cathedral Capital, to help guide law firms through making better financial practices.

Brooke shared many tools and useful mindsets with us. Some of them include: having a line of credit, no matter how big your last settlement was, and the importance of understanding your average case, so you can roughly estimate when you will be profitable and when you will not. Brooke also keeps her eye on not just the short-term finances but the long-term as well. These are just the highlights!

Brooke has shared some amazing ideas with us, so listen to the latest episode today so you can be confident in understanding the finances of running a law firm.

You can connect with Brooke on her Website and on her LinkedIn.

TLDR: In this episode, you will learn about

• The importance of a line of credit

• How to pay your employees while ensuring a lovely retirement for yourself

• Understanding how your average case length impacts your revenue

Are you getting the most out of your agency? Do you think your agency is the best choice for you? In this episode, LAWsome co-hosts Tanner Jones and Matt Smyers sit down with the CEO at Agency Management Institute (aka AMI), Drew McLellan, to chat about the best ways to get the most out of your agency and how to know you have the right one.

Drew was approached by his professor at his college and was hired as a contract copywriter for an agency. Later, he opened his own agency but realized he didn't know how to run it. He hired a consultant, and ten years later, he bought them out and grew his company to what AMI is today.

Drew uses the metaphor of a marriage to understand the relationship between an agency and a client. In order to get the most out of your agency, you must create a cohesive relationship that can grow.

Don't wonder if you've been making the right decisions with your agency; listen to the latest LAWsome episode today so you can be confident in them with the expertise Drew shares with us.

You can connect with Drew on his Website and on his LinkedIn.

TLDR: In this episode, you will learn about

• The importance of having the right agency

• How to find the right agency

• Improving your relationship with your agency so that you both can work together for the betterment of your law firm

Did you know that a fractional CMO can bring down your costs while increasing signed cases? In this episode, co-hosts Tanner Jones and Matt Smyers sit down with the co-founder and managing partner of LawFirm Fractional CMOs & S3 Growth Partners, Stuart Foster, to discuss how fractional CMOs can not only improve your numbers in signed cases but also your workload and spending.

In running a law firm, Stuart knows that there are many roles to play. He talks about how LawFirm Fractional CMOs will not only take on most of those responsibilities, but also give your firm a complete audit and evaluation, so your hard-earned money is going where it should be. He discusses what signs may be showing and when it is appropriate to hire a fractional CMO.

He also talks about his version of a funnel: the customer journey. To capture the attention of potential clients, he uses a time-based structure of how the potential clients go from not knowing you exist to becoming a client. Stuart also clarifies some common fallacies most people have about fractional CMOs, like how fractional CMOs work with current agencies that law firms have already hired.

To learn more about fractional CMOs, listen to the latest LAWsome episode today!

You can connect with Stuart on his two websites, LawFirm Fractional CMOs and S3 Growth Partners and on his LinkedIn.

TLDR: In this episode, you will learn about

• When it is appropriate to bring in a fractional CMO

• How fractional CMOs and agencies work together

• What fractional CMOs do to increase cases while decreasing costs