#308: Flipping the Script: Actively Hunt for Disconfirming Evidence
Are you holding yourself back with limiting beliefs about your law firm? In this episode, Melissa dives into the psychology behind these self-imposed limitations and why your brains is so good at finding evidence to support your negative beliefs. She shares a practical framework to break free from these limiting narratives by actively hunting for disconfirming evidence. By challenging your assumptions with real data and others' experiences, you can make decisions based on facts rather than feelings. This isn't about forced positive thinking, it's about expanding your perspective to see the full range of possibilities available to you and your firm. Get full show notes, transcript, and more information here: https://www.velocitywork.com/308
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34:27
#307: Bonuses and Incentives Mini-Series Wrap-Up
Have you been struggling to create effective bonus structures that actually motivate your team without compromising the health of your firm? Today, Melissa wraps up this mini-series on bonuses and incentives with some crucial clarifications that could make or break your compensation strategy. In this final installment, she addresses the most common questions and misconceptions that have emerged from the previous discussions. These insights will help you create compensation structures that align with your firm's goals while keeping your team engaged and motivated. Get full show notes, transcript, and more information here: https://www.velocitywork.com/307
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29:24
#306: Creating a Sustainable Group Bonus Structure for Your Law Firm
Are you struggling to create a bonus structure that rewards your team while protecting your firm's financial health? Many law firm owners implement incentive plans that end up hurting their business or creating resentment. In this episode, Melissa builds on the previous discussions about incentives by focusing specifically on group bonus structures. She shares why revenue-based incentives can be problematic and offers a more sustainable approach based on profit after owner distributions and taxes. This method ensures the business remains healthy while still providing meaningful rewards when the firm is truly thriving. Get full show notes, transcript, and more information here:https://www.velocitywork.com/306
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25:07
#305: Build Win-Win Bonus Structures That Motivate without Overpaying
Is your law firm's incentive structure actually hurting your business instead of helping it? Many bonus systems are fundamentally broken—either paying out too much or making it impossible for team members to succeed. In the second part of this deep dive into incentives and bonuses, Melissa walks you through how to calculate proper baselines, set up tiered structures that protect your firm's profitability, and ensure you're not giving away too much when team members exceed expectations. If you've been struggling with incentive structures that feel unfair or unsustainable, this episode provides the roadmap to fix them once and for all—while keeping your business healthy and your team motivated. Get full show notes, transcript, and more information here: https://www.velocitywork.com/305
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59:23
#304: Incentives: What Works, What Fails, and Why It’s Never One-Size-Fits-All
Have you been struggling to create an incentive plan that actually works for your law firm? The truth is, there's no one-size-fits-all solution. What works brilliantly for one firm could be disastrous for another. In this episode, Melissa walks you through how to establish smart baselines using the "true average" method, the critical differences between expectations and incentives, and the pros and cons of group versus individual incentive structures. This is part one of a deep dive into creating incentive plans that are sustainable, motivating, and aligned with your firm's values. Get full show notes, transcript, and more information here: https://www.velocitywork.com/304
The Law Firm Owner Podcast, powered by Velocity Work, is the go-to resource for law firm owners looking to take their business to the next level. Host and founder Melissa Shanahan shares insights and practical advice on how to organize your numbers, grow your team, increase your revenue, and achieve a better work-life balance. Through quarterly strategic planning, accountability, and coaching, Melissa shows listeners how to create sustainable success for both their firms and their personal lives. Tune in each week to join the community of law firm owners who are committed to taking their businesses from where they are now to where they want to be.