Mar 7, 2023
Our legal and financial services industries are broken, and today’s guest is here to help fix it. Ali Katz is the Founder & CEO at New Law Business Model. She works to update the way families and small business owners make their decisions about legal, insurance, financial and tax matters. Ali joins the host Molly McGrath to talk about how to avoid taking your frustrations out on your staff.
Takeaways:
Ali created the new law business model when she realized that the traditional model for lawyers and their staff is broken. She discovered this when she was in a business for herself and she noticed that the way she was taught to serve clients from law school doesn’t really serve everyone the way it should.
The need for transformation in the legal and financial services industry is dire. With the way the current system is set up, it causes a lot of stress on founders and CEOs which leads to them taking their anger out on their staff.
When you are opening your own law firm, you have to be a leader and leadership begins with yourself. We tend to model ourselves after our role models and if they aren’t setting a positive example, it sets others up for failure.
There is a lot of power in taking a moment to take a breath and focus on what the issue is at hand. This allows both people to clear their minds and come up with a solution to the issue instead of immediately getting angry.
In many cases, the lawyers who are the most stressed out, you are probably coming across as mean and it creates a stressful environment and makes everyone uncomfortable in the office.
Your emotions are your responsibility. As a leader, you need to keep your emotions in check and you need to make sure you are empowering your employees enough that they feel comfortable and confident to be strong.
Your team members can be your boss, but you also have to be somebody who is bossable. You need to ask yourself how you maintain the balance between being a leader and also being a collaborative partner with members of your team.
Quote of the Show:
“Become the boss that is bossable.” - Ali Katz
Links:
LinkedIn: https://www.linkedin.com/in/thealikatz/
Website: https://www.thealikatz.com/podcast/
Bootcamp Link: https://www.lawfirmadminbootcamp.com/
Ways to Tune In:
Amazon Music - https://www.amazon.com/Hiring-and-Empowering-Solutions/dp/B08JJSLJ7N
Apple Podcast - https://podcasts.apple.com/us/podcast/hiring-and-empowering-solutions/id1460184599
Spotify - https://open.spotify.com/show/3oIfsDDnEDDkcumTCygHDH
Google Podcast - https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmxpYnN5bi5jb20vMTc4MTM2L3Jzcw
Stitcher - https://www.stitcher.com/show/hiring-and-empowering-solutions
YouTube - https://youtu.be/D38PkUMbIrw
Hire & Empower is produced by Ringmaster, on a mission to create connections through B2B podcasts. Learn more at https://ringmaster.com/