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	<title>Legal Practice Pro&#187; more bankruptcy</title>
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		<title>Your Bankruptcy Practice, And Defining Success</title>
		<link>http://www.legalpracticepro.com/your-bankruptcy-practice-and-defining-success/</link>
		<comments>http://www.legalpracticepro.com/your-bankruptcy-practice-and-defining-success/#comments</comments>
		<pubDate>Fri, 23 Jul 2010 20:41:39 +0000</pubDate>
		<dc:creator>Jay Fleischman</dc:creator>
				<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[bankruptcy]]></category>
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		<guid isPermaLink="false">http://www.legalpracticepro.com/?p=8087</guid>
		<description><![CDATA[Your bankruptcy practice may be successful and you may not know it.  Or it may be a failure and that may elude you.  How can you tell? To some people, success is filing the most bankruptcy cases.  To others, it&#8217;s having the largest staff or nicest offices.  But in order to attain success, you need [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p><strong>Your bankruptcy practice may be successful and you may not know it.  Or it may be a failure and that may elude you.  How can you tell?</strong></p>
<p><a href="http://www.legalpracticepro.com/wp-content/uploads/2010/07/2434283985_a0063bfda5.jpg"><img class="alignright size-medium wp-image-8088" style="margin-left: 10px; margin-right: 10px;" title="Success In Your Bankruptcy Practice" src="http://www.legalpracticepro.com/wp-content/uploads/2010/07/2434283985_a0063bfda5-300x225.jpg" alt="Success In Your Bankruptcy Practice" width="300" height="225" /></a>To some people, success is filing the most bankruptcy cases.  To others, it&#8217;s having the largest staff or nicest offices.  But in order to attain success, you need to define what success means to you.</p>
<p>I used to think that success was having a good staff with a specific number of new clients coming through the door each month with money in their hands.  And for a long time, that worked for me.  Until I realized that this wasn&#8217;t the definition of success &#8211; it was a road to lead me to some pre-conceived notion of what success would feel like.</p>
<p>To be in demand is an ego boost, to be sure.  But at a certain point that demand becomes overwhelming.  Too many clients to see in a day, too much work to do, and too many staff members required in order to get that work done.</p>
<p>In the words of the esteemed business consultant, Notorious B.I.G.:</p>
<blockquote><p>I don&#8217;t know what, they want from me<br />
It&#8217;s like the more money we come across<br />
The more problems we see</p></blockquote>
<p>Sure, you&#8217;ve got more clients.  More money.  More staff members buzzing around the hive.  But you&#8217;re saying goodnight to your kids from the cell phone as you drive home, exhausted and beaten down.  You can&#8217;t remember the last time you didn&#8217;t have to work on the weekend.</p>
<h3>Success Has A Price, But It Is Pre-Set</h3>
<p>You need to realize this one going in.  There&#8217;s a cost associated with more clients &#8211; in fact, a number of them.  More demands on your time.  More overhead.  Less time for your family and friends.  Less of an ability to concentrate on a particular legal issue before you need to move onto the next client file.</p>
<p>I&#8217;m not saying it&#8217;s a bad price, but it&#8217;s one you need to know before you set yourself onto a particular path.  We each get 24 hours in a day,  7 days in a week.  Into that narrow space we must fit everything, work and personal lives inclusive.  The space does not contract, nor does it expand.  When the time runs out, it&#8217;s gone.</p>
<p>For some, the larger practice is the way to go.  It provides a sense of comfort and accomplishment, of safety in numbers.  Take in 3 fewer clients this month and it&#8217;s not a big deal.</p>
<p>But for others, the choice is a smaller practice with fewer clients.  This enables the lawyer to focus on a single client&#8217;s issues more closely, to investigate every angle, and to work with less overhead.  The loss of a single client may be more disruptive, but chances are that the work thrown off by the others will compensate adequately.</p>
<h3>Haggle First &#8211; Or Feel Like A Rube Later</h3>
<p>You know the price of success at each level, and you know that in order to scale you&#8217;ve got to incur a cost.  It&#8217;s best to sit down and haggle with yourself to figure out what you&#8217;re willing to pay in exchange to attain your goals.  And once you do, it&#8217;s purely an arms-length transactions with yourself.</p>
<p>That&#8217;s easier said than done, though.  You may not realize the true costs until you&#8217;re hip deep in the process of attaining your defined goals.  In that case, remember not to go into debt to yourself.  You&#8217;ve agreed to pay up to a certain price, and you&#8217;ve got nothing left to play with past that point.  It&#8217;s time to scale back until you balance the books.</p>
<p><strong>So tell me &#8211; what&#8217;s your definition of success?  And what price do you pay in pursuit of that goal?</strong></p>
<p>Photo credit: <a href="http://www.flickr.com/photos/jeffhester/2434283985/" target="_blank">Jeff Hester</a> (flickr).</p>
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<li><a href='http://www.legalpracticepro.com/best-formula-for-long-term-financial-success-and-happiness-at-the-practice-of-law/' rel='bookmark' title='Best Formula for Long-Term Financial Success and Happiness at the Practice of Law'>Best Formula for Long-Term Financial Success and Happiness at the Practice of Law</a></li>
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</ol></p>]]></content:encoded>
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