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The 80/20 Principle

By: Ernie Svenson
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  • Summary

  • Unconventional advice on leveraging technology to achieve breakthrough results. Using the 80/20 Principle is about strategic minimalism, which means focusing on a few tools that have an extraordinary impact—things that are tried and true, not fancy and new. Also, tools that are "Stone Age simple" to set up and use. Bottom line: managing a modern law practice doesn't have to be complicated or frustrating if you adopt the right approach and use the right tools.
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Episodes
  • 282: Sensible & Satisfying Productivity (with David Sparks)

    282: Sensible & Satisfying Productivity (with David Sparks)
    May 7 2024
    How can you be more productive and enjoy doing so? Merely checking off boxes on a To-Do list isn't the answer. Attorney David Sparks has the best answer I've come across, and he explains it very well. David is exceptionally productive in juggling a mind-boggling number of responsibilities. Listen and learn David's incredible secrets to being productive in a way that enables you to accomplish a lot while feeling good (and not stressed). In this episode, you will hear: Productivity tips for attorneysProductivity and prioritization in modern lifeFinding meaning and accountabilityFinding purpose and productivityProductivity and time management for lawyers Resources from this Episode MacSparky - David Sparks' websiteDay One - Journaling app mentioned in the conversationMotion - Tool for automatic calendar adjustments"Start with Why" by Simon Sinek - Book mentioned in the conversationArete - Concept discussed, related to Greek philosophyDavid Sparks' productivity field guide: Use this discount code: GoldfishChris Bailey's Website - Explore more about Chris Bailey and his productivity insightsCheck out my Inner Circle (to participate in ongoing discussions about tech tools I discuss and recommend)Readwise (will be discussed in an upcoming episode)Check out this Law-Tech Assessment if you want specific recommendations for improving based on the technology you're using in your practice General Resources Learn to use technology to reduce friction & gain freedom with this resource: https://www.the8020lawyer.com/Focus on these essential tech tools for maximum traction in your practice.Take this short law practice assessment to identify your main strengths & weaknesses. Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Thanks to My Sponsor Smith.ai Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai, you’re hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at $210/month for 30 calls, and pricing starts at $140 for 20 chats, with overage at $7 per chat. They offer a risk-free start with a 14-day money-back guarantee on all receptionist and live chat plans, including add-ons (up to $1000). And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a risk-free start with a 14-day money-back guarantee now (and learn more) at smith.ai. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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    46 mins
  • 281: The 5 Biggest Mistakes in Using Technology (and How to Avoid Them)

    281: The 5 Biggest Mistakes in Using Technology (and How to Avoid Them)
    Apr 16 2024
    As we all know, modern technology can create powerful leverage in any business. Unfortunately, it's complex and rapidly changing, which creates big challenges—especially for lawyers. Most lawyers lack the instincts to know what to focus on and prioritize, so they often make big mistakes when using technology. Fortunately, the five biggest mistakes can be avoided if you know what they are and how to avoid them. Listen and find out how. In this episode, you will hear: Avoiding lawyer technology adoption mistakesAvoiding technology mistakes in lawLeveraging technology for maximum successOutsourcing receptionist services with Smith AICost-effective tech consultation for lawyers Resources from this Episode - Jared Correia (Red Cave Legal) for advice on practice management software: https://redcavelegal.com/about/ https://redcavelegal.com/ - Otter.ai (best meeting transcription tool using AI) - https://otter.ai/referrals/7V69G9OV - My Top Tech Tools Guide for Lawyers - https://frictionless-lawyering.craft.me/Top-Tech-Tools - Check out my Inner Circle (for useful discussions about tech tools recommended for lawyers) - https://ernietheattorney.net/inner-circle-community/ - Check out my Law Practice Assessment if you want specific recommendations for improving based on the technology you're using in your practice - https://law-practice-assessment.scoreapp.com/p/podcast General Resources Learn to use technology to reduce friction & gain freedom with this resource: https://www.the8020lawyer.com/Focus on these essential tech tools for maximum traction in your practice.Take this short law practice assessment to identify your main strengths & weaknesses.Click for a list of the Best Tech Tools for LawyersSubscribe to: The 80/20 PrincipleCheck out my Law Firm Systems IntensiveJoin: '80/20 Inner Circle' (valuable business insights for small firm owners)Read: The 80/20 Principle: The Secret of Achieving More with Less, by Richard KochGet my new email course: ChatGPT for Lawyers (it's free) Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Thanks to My Sponsor Smith.ai Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai, you’re hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at $210/month for 30 calls, and pricing starts at $140 for 20 chats, with overage at $7 per chat. They offer a risk-free start with a 14-day money-back guarantee on all receptionist and live chat plans, including add-ons (up to $1000). And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a risk-free start with a 14-day money-back guarantee now (and learn more) at smith.ai. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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    20 mins
  • 280: Update on Generative AI Chatbots & How Lawyers Can Use Them Safely

    280: Update on Generative AI Chatbots & How Lawyers Can Use Them Safely
    Apr 2 2024
    AI Chatbots powered by GPT-4 technology are improving rapidly so the opportunities are expanding for lawyers who want to leverage this to improve aspects of their practices. But which GPT4 chatbots are best? And what are the best opportunities for using them in your practice? That's what we'll cover in this episode. In this episode, you will hear: The emergence of generative AI chatbots and their implications for the legal industryMaximizing the features of advanced AI writing modelsThe use of RAG and proprietary data to mitigate AI “hallucinations” Strategic use of AI for ideation and Grammarly for writingMore ways to think about implementing AI effectively Resources from this Episode Ethan Mollick's article: Which Al should I use? Superpowers and the State of PlayEthan Mollick's upcoming book: Co-Intelligence: Living and Working with AIEthan Mollick's Substack: One Useful ThingLink to Bloomberg podcast episode: Why Are Lawyers Still Making Bad Al Mistakes?Grammarly (tech tool recommendation)Check out my Inner Circle (to participate in ongoing discussions about tech tools I discuss and recommend)Check out this Law-Tech Assessment if you want my recommendations for improving your practice with technology. General Resources Click for a list of the Best Tech Tools for LawyersSubscribe to: The 80/20 PrincipleCheck out my Law Firm Systems IntensiveJoin: '80/20 Inner Circle' (valuable business insights for small firm owners)Read: The 80/20 Principle: The Secret of Achieving More with Less, by Richard KochGet my new email course: ChatGPT for Lawyers (it's free)Learn to use technology to reduce friction & gain freedom with this resource: https://www.the8020lawyer.com/Focus on these essential tech tools for maximum traction in your practice.Take this short law practice assessment to identify your main strengths & weaknesses. Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Thanks to My Sponsor Smith.ai Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai, you’re hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at $210/month for 30 calls, and pricing starts at $140 for 20 chats, with overage at $7 per chat. They offer a risk-free start with a 14-day money-back guarantee on all receptionist and live chat plans, including add-ons (up to $1000). And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a risk-free start with a 14-day money-back guarantee now (and learn more) at smith.ai. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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    33 mins
Management Economics
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