Budgets, law firm marketing and business development

Episode 32 of Building Your Law Practice with Jim Thompson and Nick Augustine

Budgets, law firm marketing and business development. Why are lawyers so bad at running their firms like successful businesses? One major flaw in the business of law is taking all the net proceeds as profit and zeroing out the year without building a marketing budget and reserve. Many say five percent of projected annual receipts should be allocated for annual advertising, marketing and publicity efforts.

About this weekly show:

Referrals are the lifeblood of any business and especially for lawyers, so why is it that lawyers are not getting the referrals they need to grow their practice? Listen and learn to tips you can use today!

Brought to you in part by Members’ Choice Federal Credit Union in Denton, Texas on Unicorn Lake Boulevard. You may be eligible to join Members Choice if you live, work, worship or attend school in Denton or Argyle, Texas.

About Jim and Nick:

Jim Thompson is a retired lawyer who is well-known for helping attorneys get on track to earning more clients through simple cost-effective activities. Jim is the author of "Why Lawyers Fail To Get Referrals and What They Can Do About It"

Nick Augustine helps lawyers share tips and stories about their practice areas by writing their blog content, managing social media and producing Internet radio podcasts.