BE THAT LAWYER

Brandy Derrick: Making More Money in Your Law Practice

Episode Summary

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.

Episode Notes

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.