Attorneys, like other professionals, frequently focus on increasing their law firm’s revenue, leaving their personal financial management neglected. According to a discussion on the Non-Eventcast podcast, attentiveness to personal finances is arguably just as crucial, if not more so.
The recent episode featured Niraj Chabbra of Sidebar Advisors, a financial advice firm that specializes in assisting attorneys with their personal finances. Chabbra outlined how attorneys should approach financial planning and discussed the distinction between wealth management and financial planning. He also shed light on the roles a financial planner could play for both managing attorneys and law firm employees.
Chabbra further shared financial strategies and emerging trends in financial management that lawyers need be aware to elevate their net worth. Additionally, he introduced the technology applications he employs in his practice and some of his preferred financial planning apps. He further discussed how these tools can be employed to walk clients through varied financial scenarios.
For attorneys looking to increase their personal finances, the podcast episode offers a wealth of insight along with supplementary resources, including a CRM Buyers Guide for enhancing law firm’s cash flow.
The podcast is hosted by Jared Correia, a noted legal technology expert and consultant. The series is part of the Above the Law Non-Event for Tech-Perplexed Lawyers, providing content aimed at assisting lawyers with technology-related aspects of their practice.