Watch the YouTube version of this episode HERE
Are you a lawyer who is thinking about starting their own firm? In this episode of the Maximum Lawyer podcast, Jim and Tyson speak with Lauren Klein, co-founder of Flourish Law Group. Lauren shares her transformative journey working in a large firm to starting her own boutique firm.
Lauren provides some insight on the challenges and rewards that come with leaving Big Law and starting a small firm. One of the rewards is the focus on marketing. For small law firms, there is flexibility to focus on the clients you want to and design a marketing plan that is unique and not controlled by a larger company. Another reward that comes with having your own firm is the ability to control the delegation of tasks and create a system or workflow that works for you as the owner.
Transitioning from big law to a small firm owner can allow you to help guide new law school graduates. Most new graduates are eager to work in big firms because it means more money and more success. But, Lauren dismisses that idea in that the team and culture you have regardless of the size of the firm is what matters. Asking questions about work life balance as well as what a typical day looks should be used to make a decision.
Listen in to learn more from Lauren!
Jim's Hack: The phrase “first party data” which are the emails and phone numbers of people who consume your content. From an analytics perspective, it is important to know who is watching your content and how to connect with them.
Lauren’s Tip: Do not fall into the trap of thinking that in order to become a successful attorney, you need to be overworked, unhappy and unhealthy.
Tyson's Tip: Just let it go. If you are having feelings of resentment or anger towards someone, just try to find a way to let it go and focus on yourself.
2:57 The challenges and rewards of starting a law firm
6:30 The struggle of delegation
16:01 Experiences in big law
28:19 The myth of overwork in the legal profession
Tune in to today’s episode and checkout the full show notes here.
Connect with Lauren:
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