Should You Be The COO of Your Law Practice?

Should you be the Chief Operating Officer (COO) of your Law Firm or not?

The operations of your law firm are essential to your success. Many solo and small practice lawyers try to manage the Operations themselves, however that can create bottlenecks and slow progress. Let’s talk about what alternatives you may have

You wear so many hats when you own your own law practice.

You HAVE to, especially when you first start out.

  • You are a lawyer, first and foremost.
  • You are the CEO
  • You are the COO
  • You are the CMO
  • You are the CFO… and every other ‘C’ role that needs to be covered!

What happens when you take on all these roles and never give them up?

I’ll tell you what – CHAOS!

One person cannot do it all effectively. It’s understandable – you have to have every position covered when you first start out. However, that’s  not a sustainable plan for the future success of your small or solo law practice.

Yes, you should keep an eye on all the roles, but just not be too active.

So what are your alternatives

Lawyer – This is your given role, the one you trained for. This is what you do and what brings in the money. If you do tasks that do not require legal training, you are losing money. PERIOD.

CEO –  The Chief Executive Officer of your law firm. You are going to define the purpose of your law firm, the vision of what the firm will be, and who you will serve. You also define the firm culture. This is a role that you should keep as a primary role, with input from your team. 

You will be the one who decides what niche market you will practice in, what the work environment will be like, the scheduling of who works when (within reason), and the culture your firm will reflect.

COO –  This role is basically responsible for the day-to-day operations of the firm and is recognized as the 2nd in command. Don’t do it alone! 

✔️Get a bookkeeper

✔️Get great billing software 

✔️Get an accountant to do your taxes!!! 

✔️ Review the financial numbers regularly. 

✔️ Get the bills out on time. You review the bills, but have someone else send the bills  and follow-up on payments.

Watch and learn more about how you can ease into being THE lawyer who owns her own law practice and thrives!


Here are a few free resources for you to try out…

 

Replace The Rat Race With A Bold, Thriving Law Business

With 16 years in a solo law practice, Sharon Christie discovered that the secret to thriving instead of merely surviving lies in the ability to land great clients…consistently. Sharon cracked the marketing code — catapulting her law practice clientele from ZERO to HUNDREDS in under 9 months — and now reveals her proven 3 step formula to other female lawyers who are ready to replace the rat race with a bold, thriving law business.

Part of her 3 step formula in action is frequent lecturing to professional and community groups, including NAMI Metropolitan Baltimore, the Brain Injury Association of Maryland, the Lupus Foundation, Let’s Talk Sarcoidosis and the Sinai Return to Work Program, and authoring books for her law practice clients such as the 2 books on Social Security Disability benefits, The Unofficial Guide to Social Security Disability Benefits and Can You Win Your Social Security Disability Case?: The Blueprint You Need to Get Social Security Disability.

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