Understanding the 80/20 Rule
The ’80/20 Rule’ is an intriguing principle that promises a way for practicing attorneys to achieve more with less. This rule was the main topic of a recent podcast episode, which featured detailed discussions with Patrick Slaughter about the practical use of this rule in legal practice.
The Magic of the 80/20 Rule in Law Practice
Patrick Slaughter not only shares his successful application of the ’80/20 Rule’ in his law practice but has appeared in several podcast episodes, discussing varying aspects of legal practice. These episodes range from envisioning success, business coaching for lawyers, to selling a law practice.
The 80/20 Principle Book and More Resources
Richard Koch’s book, “The 80/20 Principle: The Secret of Achieving More with Less,” was also referenced in the podcast. Apart from the book, there are other resources like ‘Inner Circle,’ a private discussion group for business-minded lawyers. Their discussions revolve around how the ’80/20 Rule’ can significantly impact law practice.
In conclusion, the ’80/20 Rule’ is not just for lawyers, but for anyone seeking to maximize efficiency and success in their profession. So, give the episode a listen, join the ‘Inner Circle,’ and harness the power of this powerful principle in your law practice.
Show Notes
- Click here to see Patrick’s Standard Engagement Contract.
- Patrick Slaughter’s Magic Law Practice (Episode 48)
- Business Coaching for Lawyers with Patrick Slaughter (Episode 54)
- What’s Your Vision for Success? with Patrick Slaughter (Episode 65)
- How to Sell Your Law Practice with Patrick Slaughter (Episode 216)
- The 80/20 Principle: The Secret of Achieving More with Less, by Richard Koch
- My Substack email newsletter: The 80/20 Principle (not just for lawyers).
- Join ‘Inner Circle‘ – a private discussion group for friendly, business-minded lawyers.
General Resources
- Learn to use technology to reduce friction & gain freedom with this resource: https://www.the8020lawyer.com/
- Focus on these essential tech tools for maximum traction in your practice.
- Take this short law practice assessment to identify your main strengths & weaknesses.
Thanks to Our Sponsors
“ChatterBoss is an incredible remote executive assistant company that helps solopreneurs and small businesses grow quickly and save money. Your dedicated ChatterBoss assistant can help you with case management, billing support, email optimization, social media, process building, automation, and more. They even have on-demand paralegals and legal assistants.
The service is customized to your budget and is on-demand, so you can work with your assistant as much or as little as you need throughout the week. The minimum monthly spend for a dedicated executive assistant is only $200/month.
The best way to get started is to schedule a free consultation and find out exactly how the service works. Click this link to schedule a free 30-minute call, and you’ll get a special 15% discount when you sign up with ChatterBoss.”
Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai, you’re hiring well-trained, friendly receptionists who can respond to callers in English or Spanish.
If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of.
Plans start at $210/month for 30 calls, and pricing starts at $140 for 20 chats, with overage at $7 per chat. They offer a risk-free start with a 14-day money-back guarantee on all receptionist and live chat plans, including add-ons (up to $1000).
And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a risk-free start with a 14-day money-back guarantee now (and learn more) at smith.ai.
EPISODE CREDITS:
If you like this podcast on the “80/20 rule” and are thinking of creating your own, consider talking to my producer, Danny Ozment.
He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their businesses and impact the world.
Discover how to transform your law practice with this free guide.