Transforming Cash Flow with Strategic Billing and Hiring with John Scott and Kip Bilderback - 463

Profit with Law: Profitable Law Firm Growth

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Shownotes can be found at https://www.profitwithlaw.com/463.

Struggling to maintain consistent cash flow and effective case management in your law firm?

Join Moshe Amsel as he interviews John Scott, partner at Anders CPAs & Advisors, and Kip Bilderback, lawyer and business owner, on the latest episode of the Profit with Law Podcast. Discover the importance of standardizing billing processes, enforcing accountability through incentives, and utilizing tools like QuickBooks for accurate financial management. John and Kip share their insights on dynamic forecasting versus static budgeting, preemptive hiring strategies, and defining your firm's vision for growth. They also discuss practical steps for smaller firms to improve financial stability and the need to document business processes.

Listen now to learn how to turn your firm's financial and operational challenges into opportunities for growth and efficiency!

Chapters:

[00:00] Introduction to John Scott and Kip Bilderback

[04:10] Why Law Firms Struggle: Insights from Fractional CFOs and COOs

[10:41] Key Metrics for Law Firm Success

[16:59] Law Firm Growth Dilemma: Hire First or Market First?

[21:57] A Step-by-Step Guide to Strategic Scaling for Law Firms

[28:03] John and Kip’s Parting Piece of Advice

Resources mentioned:

Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here

Connect with John Scott: LinkedIn | Twitter (X) | Facebook | Instagram | YouTube | Tiktok

Connect with Kip Bilderback: LinkedIn | Twitter (X) | Facebook | Instagram

Judicial Dollars and Cents: A Virtual CFO's Playbook to help Law Firms Create a Financial Roadmap to Success by John Scott

Get a FREE digital copy of John Scott’s book

EOS by Gino Wickman

Fireproof: A Five-Step Model to Take Your Law Firm from Unpredictable to Wildly Profitable by Mike Morse

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to [e-mail].

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1. Introduction to John Scott and Kip Bilderback (00:00:00)

2. Why Law Firms Struggle: Insights from Fractional CFOs and COOs (00:04:10)

3. Key Metrics for Law Firm Success (00:10:41)

4. Law Firm Growth Dilemma: Hire First or Market First? (00:16:59)

5. A Step-by-Step Guide to Strategic Scaling for Law Firms (00:21:57)

6. John and Kip’s Parting Piece of Advice (00:28:03)