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#335: When to Hire and Who: A Data-Driven Approach for Law Firms

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Manage episode 518900779 series 3583206
Content provided by Melissa Shanahan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Melissa Shanahan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hiring decisions are some of the trickiest choices law firm owners make. Wait too long, and you end up buried under the work, scrambling to keep up. Hire too early, and you're sweating payroll and questioning whether the work will sustain the role. The constant back-and-forth of when to hire and who to hire can leave even the most disciplined owner feeling stuck.

In this episode, Melissa shares a practical, data-backed approach that replaces guesswork with clarity. She walks you through how to calculate your buy-back rate, understand producer multiples, track net cases, and build production models that create real leverage. These tools help owners make smart, confident hiring decisions based on truth instead of gut feel, ensuring every new hire strengthens the firm's health, profitability, and long-term success.

Let's talk! If you are a law firm owner looking to talk with us about partnering on your personal and professional growth, book a short, free, no-pressure call with Melissa here: https://velocitywork.com/calendar

Get full show notes, transcript, and more information here: https://www.velocitywork.com/335

Use the Law Firm Producer Multiple Calculator here: https://producercalc.velocitywork.com/

Watch this episode on YouTube: https://youtube.com/@velocitywork

  continue reading

340 episodes

Artwork
iconShare
 
Manage episode 518900779 series 3583206
Content provided by Melissa Shanahan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Melissa Shanahan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hiring decisions are some of the trickiest choices law firm owners make. Wait too long, and you end up buried under the work, scrambling to keep up. Hire too early, and you're sweating payroll and questioning whether the work will sustain the role. The constant back-and-forth of when to hire and who to hire can leave even the most disciplined owner feeling stuck.

In this episode, Melissa shares a practical, data-backed approach that replaces guesswork with clarity. She walks you through how to calculate your buy-back rate, understand producer multiples, track net cases, and build production models that create real leverage. These tools help owners make smart, confident hiring decisions based on truth instead of gut feel, ensuring every new hire strengthens the firm's health, profitability, and long-term success.

Let's talk! If you are a law firm owner looking to talk with us about partnering on your personal and professional growth, book a short, free, no-pressure call with Melissa here: https://velocitywork.com/calendar

Get full show notes, transcript, and more information here: https://www.velocitywork.com/335

Use the Law Firm Producer Multiple Calculator here: https://producercalc.velocitywork.com/

Watch this episode on YouTube: https://youtube.com/@velocitywork

  continue reading

340 episodes

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