8 Books That Every Law Firm Owner Should Read
One of the biggest mistakes that you can make as a law firm owner is believing that you have nothing left to learn. In fact, the more open you are to learning something new, the easier it will be to grow your firm.
With that in mind, we thought we’d share 8 books that every law firm owner should read!
Summary: This book by entrepreneur Mike Michalowicz helps business owners learn to prioritize business profits by setting up a system where profit is allocated first and expenses are managed accordingly.
Read this book when: You’re looking to improve your firm’s financial security, resolve cash flow issues, or build a more financially-sound future.
Summary: This book from licensed psychologist, Dr. Julie Smith, is described as a “handbook for optimizing your mental health.” It explores various techniques that can be used to reduce stress and overcome challenges in both your personal and professional life.
Read this book when: You’re dealing with burnout, stress, or feeling as though you aren’t sure what opportunity to explore next.
Summary: This book, by legal professional Michael Mogill, is designed to help law firm owners change the way they think about marketing and the law industry as a whole, enabling them to become market leaders in their own right.
Read this book when: You’re in need of a dose of motivation or are looking for a way to grow your law firm.
Summary: This book is designed to improve your leadership skills, meaning that you’re able to lead your team toward success with confidence and ease. As such it may be particularly beneficial for those taking on a leadership role for the very first time.
Read this book when: You’re thinking about expanding your team or are looking for a way to inspire and motivate your workforce.
Summary: This book, written by regular contributors to the Lawyerist, examines the many roadblocks that law firms encounter on the path to success. They work to share tips on how to Future-proof your law firm by letting go of outdated practices that may be holding you back.
Read this book when: You’re wondering what the next step is for your law firm.
Summary: Stephen Covey’s best-selling book is designed to turn readers into more effective leaders and business people through the development of effective habits, including being proactive, beginning with the end in mind, and seeking first to understand, then be understood.
Read this book when: You’re in need of some inspiration or looking to change your working habits.
Summary: In this text, and its sequel, the E-Myth Revisited, Geber identifies the common issues that plague legal practices, alongside providing the reader with practical solutions to these pain points.
Read this book when: You’re not sure what is standing in the way of your success.
Summary: This book explores the necessity of taking a client-centric approach to running a law firm, making it easy to build a client base.
Read this when: You’re struggling to connect with your clients.
While the above reading list is by no means exhaustive, it’s a great starting point for law firm owners looking to improve their practices or skillset.