How to Scale Your Law Firm From 6 to 7 Figures (Ep. 66)
The legal profession demands not just expertise but strategic acumen to navigate the journey from a six-figure practice to a seven-figure powerhouse. In Episode 66 of The Lawyer Millionaire Podcast, we have the privilege of hosting Davina Frederick, a seasoned attorney, author, and founder of “Wealthy Woman Lawyer.”
Her impressive trajectory from a career in marketing to owning and scaling successful law practices offers a wealth of insights for law firm owners poised for growth.
In this episode, Davina Frederick delves into the intricacies of scaling a law firm, offering a candid look at her path to success—from initiating a law firm during the foreclosure crisis to running a virtual practice focused on sustainable growth.
Her experience underscores the necessity of building a proficient team, implementing effective systems, and mastering financial management to achieve seven-figure results. Guided by our host Darren Wurz, the discussion translates these experiences into actionable strategies for our audience.
Davina discusses:
- The importance of focusing on one big idea for monumental success.
- How to transition from a doer to a leader and team cultivator.
- How high-flying women can balance work and life as law firm owners.
- How hiring, training, and retaining lawyers can transform your business.
- The role of robust systems in streamlining operations and driving growth.
- How to overcome common pitfalls like money management fears and perfectionism.
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 Davina Frederick:
-
- Linkedin: Davina Frederick
- Website: Wealthy Woman Lawyer
- Wealthy Woman Lawyer Podcast
About our guest:
Davina Frederick is a Florida-licensed attorney, law firm growth strategist, and business coach for women law firm owners. Prior to starting her own law firm in 2007 and growing it successfully during the 2008 recession and its aftermath, she enjoyed a career as a professional services marketer.
In 2013, she founded D. Frederick Media and Marketing, LLC, with the goal of helping professional service business owners implement their marketing strategies.
However, she quickly discovered that most did not even have a strategy! It was then she began to work with her clients to develop strategic growth plans for their businesses and to coach them through the implementation of these plans, including how to market and sell, cultivate A+ teams, and set-up systems-driven businesses.
Since most of Davina’s clients were women law firm owners who wanted the inside-scoop on how Davina had successfully created and scaled her own law firm, she began to focus on serving just women law firm owner clients. In 2020, Davina rebranded her company to reflect this shift, creating Wealthy Woman Lawyer.®
Wealthy Woman Lawyer® assists women law firm owners in scaling their law firms into $1M+ wealth-generating businesses, without overwork or overwhelm.
Podcast: Play in new window | Download | Embed