Neil Schwan: Cost Reduction for Your Law Firm

Description

In this episode, Steve Fretzin and Neil Schwan discuss:

Why lawyers don’t keep up with their expenses.
Top expenses lawyers have that they don’t look at.
Automation and outsourcing to reduce costs.
The power of looking to help others first.

Key Takeaways:

You may not need to wait out a full lease if you are looking to move on. There are options out there, and speaking with a tenant advocate may be able to help.
Get competitive quotes every few years on your professional insurance. You can always stay with your broker if you like them, but it doesn’t hurt to see where costs can be saved.
As we are in this inflationary period, it is more important than ever to pay attention to rates, negotiate with your provider or vendor, and lowering the costs that are within your control.
Network with people that you can help and can also help you.

"It's a really good time to be [negotiating with your provider or vendor before your contract is up], preparing yourself or recession and inflationary periods where you can lower the costs you have within your control because there's some you just can't change." — Neil Schwan

Episode References:

Brad Barkin at Embroker: https://www.linkedin.com/in/bradbarkin/

Practice Panther: https://www.practicepanther.com/

Connect with Neil Schwan:

Website: https://www.schooleymitchell.com/nschwan/

Phone: 630-381-0037

Email: neil.schwan@schooleymitchell.com

LinkedIn: https://www.linkedin.com/in/neil-schwan/

Thank you to our Sponsors!

LegalEase Marketing: https://legaleasemarketing.com/

Moneypenny: https://www.moneypenny.com/us/

Practice Panther: https://www.practicepanther.com/