Are you a law firm owner struggling with financial planning that just doesn’t seem to fit?

On this episode of the podcast, host Darren Wurz takes listeners through his personal story—leaving a stable teaching career to embrace the rocky road of entrepreneurship in financial planning. But he didn’t stop at just building a business; Darren found his niche working solely with law firm owners, who, he realized, were severely underserved by traditional financial planning methods.

Filled with anecdotes, hard-learned lessons, and industry insights, this episode delivers a compelling argument for why law firm owners deserve bespoke financial services.

 

Darren discusses:

• His transition from education to financial planning and the lessons learned along the way.
• The common financial challenges law firm owners face.
• Why traditional financing models fail law firm owners.
• The benefits of a flat-fee, value-driven monthly membership model designed specifically for law firm owners.
• Success stories of law firm owners who’ve transformed their financial landscapes.
• Actionable financial strategies tailored to your specific needs.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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As election season approaches, the inclination to let political developments sway your investment decisions becomes almost irresistible. However, the consequences of doing so could be financially detrimental. In the latest episode of The Lawyer Millionaire Podcast, host Darren Wurz unpacks why keeping political considerations out of your portfolio strategy is imperative for long-term financial success.

Darren discusses:

• The startling difference in returns if you had only invested during Republican or Democratic presidencies versus ignoring politics altogether.
• Emotional biases that lead to poor financial decisions.

• Real-life examples showing the resilience of the market despite political turmoil.

• The importance of diversification, long-term focus, and rebalancing your portfolio.
• Why market fundamentals like corporate earnings and global economic trends matter more than who is sitting in the Oval Office.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz
• Investing based on politics is a bad idea for your portfolio

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In a landscape where the billable hour increasingly feels like a relic of the past, could there be a more efficient and lucrative way to run your law firm?

On this episode, guest Mathew Kerbis details the numerous advantages of shifting from the traditional billable hour to a subscription-based model. As the founder of “Subscription Attorney LLC,” he shares his experience in establishing this new paradigm, highlighting its financial benefits and operational efficiencies. Matthew explains how this model has enabled his firm to achieve predictable revenue streams, significantly lower operating costs, and enhanced client engagement.

 

Matthew discusses:

• How he established his subscription model law firm with just $5,000 in the first year.
• The importance of recurring revenue, which now constitutes about 60% of his firm’s income.
• Effective strategies for targeting underserved and small business markets with affordable legal services.
• How subscription pricing enhances transparency and client trust.
• The critical role of technology in optimizing service delivery and efficiency in law firms.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

Connect with Matthew Kerbis:

• Linkedin: Matthew Kerbis
• Press Kit: Matthew Kerbis
• Website: Matthew Kerbis
• Website: Subscription Attorney

 

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Are you ready to take your law firm to the next level? In this engaging episode of The Lawyer Millionaire Podcast, host Darren Wurz dives into the crucial topic of business planning and its transformative impact on law firms.

A robust business plan is not just a document; it’s a strategic tool that directs your firm’s growth, enhances profitability, and ensures long-term stability. This discussion illuminates how a well-structured plan can potentially elevate your firm’s profits by 70%, securing a clearer, more prosperous path forward.

 

Darren discusses:

• How to establish your core values.
• Crafting a purpose statement that captures your firm’s essence.
• How to identify and define your niche to outshine your competition.
• How to set measurable milestones and track KPIs to ensure continuous growth
• Enhancing sales efficiency while prioritizing client interests
• Engaging ideal clients for sustained growth

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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Is your law firm’s growth stalled at the planning stage? It’s time to transform those strategic ideas into actionable steps. On this crucial episode of The Lawyer Millionaire Podcast, host Darren Wurz explore the fundamental necessity of relentless execution for law firm success.

Darren discusses:

• The importance of vision.
• The four critical elements of relentless execution.
• How to ensure that all your team are on the same page and working towards common goals.
• Why you need to establish a consistent execution rhythm.
• How to create a culture of accountability.
• Insights from the execution successes and failures of companies like Apple, Tesla and Kodak.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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As a law firm owner, do you often feel trapped in the endless cycle of managing every single detail of your practice? If you’re constantly bogged down by daily operations, it’s time to learn the magic of delegation. Discover how you can transform your practice into a self-sufficient, thriving business in the latest episode of The Lawyer Millionaire Podcast.

Darren discusses:

• The benefits of delegation.
• A systematic approach to replacing yourself in your law firm that was inspired by Dan Martell’s book “Buyback Your Time”.
• Common objections law firm owners have against delegation.
• How to reframe your mindset for effective delegation.
• Why law firm owners should consider hiring an administrative assistant,
• How “standard operating procedures” (SOPs) can help law firm owners to maintain consistency and quality when it comes to delegating tasks.

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

 

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As a law firm owner, the drive for expansion is undeniable. But rushing towards growth without establishing a solid foundation can lead to more harm than good. In the latest episode of The Lawyer Millionaire Podcast, host Darren Wurz outlines the critical steps necessary to ensure sustainable and effective business growth for your law firm.

Darren discusses:

• How to Identify and mitigate against significant risks that could jeopardize your firm’s stability and growth.
• The importance of creating a well-defined vision and mission to direct all your firm’s activities and decisions.
• How law firms can boost operational efficiency by improving their workflows and processes.
• Building a strong Second-in-command to eliminate owner dependency.
• How to maximize the efficiency of money.
• The importance of building a positive culture that keeps talents and retains clients.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

 

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Are you neglecting the core drivers of your law firm’s value? While day-to-day operations and revenue generation are important, the real key to sustainable growth lies in intangible assets. In the latest episode of The Lawyer Millionaire Podcast, join host Darren Wurz as he uncovers the four C’s of intangible capital that can transform your practice and set it on a path to long-term success and profitability.

Darren discusses:

• The importance of investing in your team’s skills, knowledge, and experience.
• How strong client relationships can lead to repeat business, positive referrals, and a steady influx of new clients.
• How a strong reputation and network within the legal community can unlock new business opportunities and partnerships.
• The importance of developing efficient systems, processes, and intellectual property for scalability and operational excellence.
• How to leverage Human, Structural, Customer and Social Capital to skyrocket your firm’s success

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

 

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Are you merely treading water with your law firm, or are you building a thriving asset that could multiply its value?

On this solo episode of The Lawyer Millionaire Podcast, host Darren Wurz unpacks the critical differences between lifestyle owners and value creators in the realm of law firm ownership.

A lifestyle owner is typically focused on generating a steady income and maintaining a comfortable work-life balance, often at the expense of growth and future value.

In contrast, a value creator is someone who builds their practice with the intention of increasing its market value, scalability, and long-term profitability, often leading to greater wealth and more significant retirement options.

 

Darren discusses:

• The fundamental differences between a lifestyle owner and a value creators’ mindset.
• Why you need a compelling vision to motivate your team and attract top talent.
• How value creators can prepare for economic downturns and other potential risks.
• Unique strategies to shift your mindset towards value creation.
• How to setup your law firm up for long-term success.

Resources:

• Book a Call with Darren
• Wurz Financial Services
• Business Growth Planning for Law Firm Owners:
• Brian LaBovick, Esq,Interview:
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

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As a law firm owner, are you prepared to secure the future of your practice? Transforming your life’s work into a legacy that stands the test of time is a complex, yet vital, endeavor. In this latest episode of The Lawyer Millionaire Podcast, host Darren Wurz provides a deep dive into exit planning—a critical business strategy that ensures the longevity and profitability of your firm.

 

Darren discusses:

• The gloomy statistic that a majority of firms fail to sell and learn how proactive exit planning can safeguard your firm’s future.
• How to formulate a compelling 10-year vision for your firm and break it down into actionable, quarterly objectives.
• The critical attributes of a transition-ready law firm and understand why such firms are inherently more valuable and profitable
• A unique three step value acceleration process of assessment, improvement, and decision-making to optimize your firm’s value.
• The importance of documenting your processes and procedures
• How integrating exit planning with best business practices can enhance your firm’s profitability and value.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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