Managing Time Between Settlement and Disbursement to Maximize Law Firm’s Profit

2024-02-21

LAWsome by Consultwebs

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17:45

Tanner Jones, your host and Vice President of Business Development at Consultwebs, welcomes you to another episode of the LAWsome Podcast by Consultwebs.

In today’s episode, Tanner is accompanied by Todd Franklin, a Partner at MASSIVE and a medical and subrogation specialist. His expertise lies in identifying problems and providing solutions and resources to assist attorneys in removing liability and resolving complex medical lien issues.

As an entrepreneur, he founded two companies in the area of personal injury. In his most recent work, he pioneered MASSIVE's proprietary software system that helps manage and settle medical lien claims.

Join us for an exciting session as Todd shares his insights into managing time through the process of settlement and disbursement while securing the law firm’s profit and success.

Key Takeaways:

00:26 - Introduction

1:10 - A legal professionals multidisciplinary journey

1:17 - The red and green flags of a firm’s financial health

3:27 - Effective benchmarks in assessing a law firm’s profitability

7:18 - What is a medical lien in a personal injury law firm

9:16 - How early lien resolution can impact a law firm’s profit

12:14 - Maintain the balance between serving clients and financial stability

15:35 - Closing thoughts

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