Problem: The fallacy of the mindset: It saves the firm money if we do it all ourselves.
PS&W’s success, like so many other law practices, grew from their hard work, dedication, and an outlook of “we do it all ourselves”. Like so many law firms in a growth cycle, PS&W reached a tipping point and became overwhelmed with day-to-day business operations in 2023.
They realized there was a major opportunity cost to the “we do it all ourselves” mentality.
Their path to success, while different in the details, also read like Legal Back Office’s origin story , where our founder ran into this same opportunity cost conundrum while growing her law practice. It's the reason she started LBO!
Sara’s Opportunity Cost formula link – If you as a law firm managing partner are spending 10 hours a week on administration, and your rate is $400/hour, that’s an opportunity cost of $4,000 per week, or $12,000 per month. LBO, on average, charges clients $3,000 to $5,000 per month for back office services. By outsourcing, you could make an additional $7,000 per month or $84,000 per year!
PS&W heard about LBO from another one of our clients and reached out to talk to LBO.
Each of our new client relationships starts with a zoom with our founder, and then progresses to a more in depth zoom with all of LBO’s service line directors. During that second zoom, we really dig in to see how LBO can solve your back office problems.
We understand that the business of law looks very different for each firm. LBO was created by lawyers for lawyers after all!
Pressler needed support with :
We determined the best ways to help PS&W grow and delivered a detailed Schedule of Work outlining the services provided, most for a fixed fee.
LBO provides services à la carte so that you can choose what you need from LBO when you need it!
LBO provides all of our full-service accounting clients with one LBO email address that connects each client to our entire cross-trained team.
Rain, shine, snowstorm, employees out sick or on vacation, it's business as usual every day for LBO clients.
Website Creation
A new modern website design that's Google search smart & SEO optimized with monthly analytics reports.
Full-Service Marketing
Full-service marketing with a focus on blogging, content creation, and social media management.
OR
Full-service marketing created a business development channel for Pressler.
Recruiting Administration
Recruiting Administration that is billed hourly verses a percentage of the new employee's salary.
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The integration of LBO services led to substantial improvements for Pressler through increased efficiency, cost savings, and team growth. The time gained through the delegation allowed them to focus on revenue producing activities like onboarding the new clients that we helped them target through their marketing campaigns and supported by their new website.
But you don’t take our word for it, check out the following testimonial!
"We had to replace our former office manager and couldn’t take a risk on a new hire.
We couldn’t be more satisfied than we are already."
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