Brandy Derrick: Making More Money in Your Law Practice
In this episode, Steve Fretzin and Brandy Derrick discuss:
- Why lawyers are not great with money, billing, and books.
- How lawyers can reduce AR and overhead costs.
- Understanding your numbers and making more money.
- Delegating and outsourcing your bookkeeping.
Key Takeaways:
- You are not taught how to do bookkeeping in law school or typically at the law firm level.
- Collect a retainer up front and stay on top of the monthly billing.
- Consistently and timely send out your invoices. This shows that getting paid is important to you.
- Likely, you do not need to be spending thousands of dollars in rent for your office every month. There are more options than ever for working remotely or in a co-share space.
“Pay attention to your marketing. Understand which are the most profitable, and how you are getting those clients.” — Brandy Derrick
Connect with Brandy Derrick:
Website: https://legaleasebookkeeping.com/
Email: brandy@legaleasebookkeeping.com
Phone: 469-751-2150
LinkedIn: https://www.linkedin.com/in/brandyderrick/
Thank you to our Sponsors!
LegalEase Marketing: https://legaleasemarketing.com/
Moneypenny: https://www.moneypenny.com/us/
Practice Panther: https://www.practicepanther.com/
Connect with Steve Fretzin:
LinkedIn: Steve Fretzin
Twitter: @stevefretzin
Facebook: Fretzin, Inc.
Website: Fretzin.com
Email: Steve@Fretzin.com
Book: The Ambitious Attorney: Your Guide to Doubling or Even Tripling Your Book of Business and more!
YouTube: Steve Fretzin
Call Steve directly at 847-602-6911
Show notes by Podcastologist Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.
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