The J. Sterling Hughes Show
I share how my team and I have grown our family law firm, Sterling Lawyers, from zero to 25+ lawyers and $15m a year in revenue since 2014.
The purpose is to document what's working and not working so you can re-contextualize for your practice and shorten your success curve.
We are so open about what we are doing because we want to help other lawyers build a beautiful law firm, even if you "compete" with us.
So, follow me and subscribe to "The J. Sterling Hughes Show" Podcast.
My YouTube channel is @JSterlingHughes
The J. Sterling Hughes Show
Appropriate Law Firm Owner Profit Expectations with Ryan Kimler - #91
In this fun interview with Ryan Kimler I learned a ton about how to benchmark our law firm profit.
This is the kind of information that all B2C law firm leaders need to pay attention to. I haven't at times, and it has cost me.
We focused our talk on law firms serving people (B2C) and discussed:
- The most Important Financial Metrics
- Healthy Gross Margins and Net Margins to aim for
- Where law firms often have the most waste
- Calculating the owner's full benefit, vs. just net profit
- Where the low hanging profit fruit is to grab first
- and more . . .
This interview definitely shaped my approach to aspects of our financials. It will help you too.
Enjoy!
For more insights from Ryan Kimler, be sure to check out his platforms:
- LinkedIn: https://www.linkedin.com/in/ryankfinancialclarityllc/
- Facebook: https://www.facebook.com/rkimler
- YouTube: https://www.youtube.com/channel/UCiLyqCOvxvnnlr3_6BOGqww
- Website: https://netprofitcfo.com/
- https://financialclarityllc.com/
-------------------------
Follow me on: LinkedIn - YouTube - X - Instagram - TikTok
I’m here to share my law firm’s secrets, tactics, and strategies of how we have grown from 0 to 25 attorneys and over $15m in revenue in our first nine years.
Yes! It’s true--even if you compete directly with us. I want to tell you the gritty truth on what worked, what failed, and where we are aiming next.
Here’s why.
My teammates and I envision transforming how family law clients are served.
And we can’t transform the practice of law all by ourselves. We need more lawyers growing their practice, kicking butt / taking names, and winning along with us.
So, follow me and ring that bell up top to get all my latest disclosures.
You can subscribe to "The J. Sterling Hughes Show" Podcast. I go into a ton of detail in the podcast.
My YouTube channel is @JSterlingHughes.
When I’m not spilling the goods on our firm's story, I am Winona’s husband, and our six kids' daddy. ❤️
I also love me some fishin’ as often as I can. It’s also occasionally fun to catch a fish too!