138. Anthony Johnson — Industry Disruption is the Key to Survival

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Business, Management, Entrepreneurship, Marketing

5.0 • 539 Ratings

🗓️ 13 December 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The future is unknown in many ways — but that doesn’t mean we can’t start preparing for tomorrow, today. The legal industry is changing, and the sooner you accept that, the more likely are your chances of survival. Anthony Johnson is one of the pioneers of the industry who focuses his practice on reading data and applying it to tomorrow. On this episode of The Game Changing Attorney Podcast, check out his thoughts on: The realities of alternative business structures How technology impacts the legal industry Why it’s important to attract outside capital for your law firm Links & Resources: Episode Shownotes Rule 5.4 Arizona Rule 5.4 reform Game Changers Summit Apple Steve Jobs John Morgan Silicon Valley Wall Street Stellium

Transcript

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0:00.0	The problem and the reason why we'll never get the whole community to endorse and embrace this fact is because most of them are hacks.
0:09.0	And in the end, all of those guys will be a commodity.
0:12.0	That's Anthony Johnson, founder of Johnson firm and CEO of Stelium.
0:16.0	And I think that's the situation right now is like there's this disruption, there's a sphere. But if you can actually rise above that and say,
0:22.8	the only way that big change happens,
0:24.5	big opportunity comes is when the whole world gets turned upside down.
0:32.1	I'm Michael Mogul, founder and CEO of Crisp,
0:34.7	the nation's number one law from growth company.
0:37.1	I've built my business
0:38.0	through practice, not theory. Crisp started with just $500 to my name and has grown to over
0:42.9	eight figures in revenue over the last few years, earning a spot on the Inc. 500 list of the fastest
0:47.9	growing private companies in America. Our approach has been to take everything we've learned about
0:52.1	generating massive growth within our own organization
0:54.3	and help the country's most ambitious and committed law firm owners do the same for theirs.
0:59.0	In each episode of this podcast, I sit down with innovative market leaders from the legal industry and beyond
1:03.8	to learn from those who thrive in the face of adversity, challenge the status quo, and define what it means to be a true game changer.
1:16.6	I sat down with Anthony Johnson to discuss the unique combination of data, technology, and disruption, how to position your law from to attract outside capital and his perspective on the future of law.
1:21.6	ABS is out. You can argue all you want. It's done. They have a way in. It's legal in Arizona. Regardless of whether it should be or not, or the ethical rules, like Wall Street doesn't care. There's too much money. We all know that. Let's all back up and stop trying to lawyer this up. That's an excuse not to pay attention. There's too many $100 billion funds now that are now completely committed to going up to the space.
1:42.5	That's coming up on the Game Changing Attorney podcast.
1:51.1	Before we begin today's episode, I want to remind you that we aren't beholden to any sponsors or run any ads on this podcast.
1:57.7	This allows us to present all of our episodes raw and unfiltered.
2:01.6	I'm not going to push any made-to-order meal services on you or try to save you any money on your car insurance. That being
	...

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