Optimizing Law Firm Success: Essential Insights From John Scott Of Anders CPAs + Advisors
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 12 June 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
Are you ready to reframe your law firm's accounting experience and elevate your practice? In this episode, John Scott, CPA, AEP, joins us to discuss his understanding of the financial and accounting issues that law firms face today – and his unique approach to overcoming them…
John is the Head of Legal VCFO at Summit Virtual CFO by Anders and a Partner in Tax at Anders CPAS + Advisors. He has worked with Anders since the early 90s and has grown with the company to help clients achieve their goals while focusing on what matters most: reaching their highest potential.
In this conversation, we discuss:
- The importance of making data-driven decisions.
- How to break free from poor business practices.
- The pros and cons of charging fixed fees.
- How to maximize income and cash flow with standardized practices.
To learn more about John and his work with Anders, click here now!
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Episode also available on Apple Podcast: http://apple.co/30PvU9C
Transcript
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| 0:00.0 | Forget frequently asked questions common sense common knowledge or Google how about advice from a real genius |
| 0:06.6 | 95% of people in any profession are good enough to be qualified and licensed 5% go above beyond. They become very good at what they do, |
| 0:14.8 | but only 0.1 percent. A real Jesus. |
| 0:18.2 | Richard Jacobs has made it his life's mission to find them for you. He hunts down and interviews geniuses in every field, |
| 0:25.0 | sleep science, cancer, stem cells, ketogenic diets, and more. Here come the geniuses. |
| 0:30.0 | This is the Finding Genius Podcast. |
| 0:33.0 | That is Richard Jacobs. |
| 0:35.0 | Hello, this is Richard Jacobs with the Finding Genius Podcast. |
| 0:41.0 | I guess today is John Scott. He's a partner at Anders CPA and |
| 0:45.1 | advisors. We're going to talk about the law firms that they work with as CPA's, |
| 0:49.0 | the different practice areas and some of the nuances they see. |
| 0:53.6 | So I think this would be great information for attorney's listing regardless of your practice |
| 0:57.9 | area on some of the particulars that may help you. |
| 1:00.8 | So welcome, John. |
| 1:01.8 | Thank you, Richard. Great to be here. Yeah just for a recap just you know give a little bit about background on yourself and let's talk then we'll talk about the premise of Anders. Sure so I started at Anders in the 90s, early 90s, and Anders was a single office, |
| 1:17.0 | mid-sized local firm that got most, if not all of its referrals from attorneys. |
| 1:22.6 | So even from an early age in my career, |
| 1:26.2 | I knew and met a lot of attorneys. |
| 1:27.8 | And I was very fortunate early on to meet |
| 1:30.8 | a very entrepreneurial attorney who took his firm from one metropolitan area and by paying attention to his data and what worked and what didn't work, he expanded his practice to almost every state across the country, and he did it |
| 1:47.2 | by focusing and making decisions based on data. |
| 1:50.0 | So in the 17 years I worked with him. |
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