Gregg Goldfarb: Staying Profitable in a Changing Legal Landscape

Description

In this episode, Steve Fretzin and Gregg Goldfarb discuss:

Evolving legal marketing strategies
Non-lawyer ownership in law firms
Revenue growth through referrals and partnerships
Networking and education for lawyers

Key Takeaways:

Lawyers can expand their revenue streams by engaging in referral marketing, where they identify cases outside their expertise and refer them to other firms, earning a fee for the referral.
Non-lawyer owned firms are now possible in states like Arizona, allowing lawyers to partner with marketers or business professionals to focus on legal work while leveraging external business expertise for growth.
Legal professionals should invest in their personal growth through education, coaching, and attending legal conferences to learn new strategies for marketing, networking, and expanding their business horizons.
The legal industry is seeing increased involvement from financial entities like Wall Street, which is providing capital to law firms for mass tort cases, highlighting the growing intersection of finance and law.

"The legal conferences now are much better... it’s entertainment, it’s information, it’s connections." — Gregg Goldfarb

Read more from Steve at Above the Law: AboveTheLaw.com/tag/Steve-Fretzin/

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Episode References:

The Daily Podcast: https://podcasts.apple.com/us/podcast/the-daily/id1200361736

About Gregg Goldfarb: Gregg Goldfarb is a trial lawyer with over 30 years of experience, focusing on, among other things, mass torts. Gregg also hosts his own podcast called Cut to the Chase, which covers public interest issues ranging from law, the environment, and anti-Semitism to the arts.

Connect with Gregg Goldfarb:

Website: https://gregggoldfarb.com/

Phone: 305-374-7000

Show: Cut To The Chase Podcast: https://podcasts.apple.com/us/podcast/cut-to-the-chase-podcast-hosted-by-gregg-goldfarb/id1551362164

LinkedIn: https://www.linkedin.com/in/gregggoldfarb/

Instagram: https://www.instagram.com/masstortguy/

Connect with Steve Fretzin:

LinkedIn: Steve Fretzin

Twitter: @stevefretzin

Instagram: @fretzinsteve

Facebook: Fretzin, Inc.

Website: Fretzin.com