085: Kurt Obermeyer discusses Law Practice Management

Kurt Obermeyer is the president and CEO of Legal Management Solutions Inc. a firm that provides outsourced upper level CFO/COO services for law firms. Mr Obermeyer has over 18 years of operations and finance experience for professional service firms. He has held both COO and CFO positions for regional and national law firms with up to 200 attorneys. However, Mr. Obermeyer saw a need for upper level assistance at the smaller law firms where the complexities of running the practice were just as prevalent but time and cash flow was limited for the partners to invest in that administrative overhead.  LMS is a product of that realization. Mr. Obermeyer is also an Executive Committee member and Vice Chair for the State Bar of California’s Law Practice Management and Technology Section.

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Listen to the podcast

Fail fast to succeed faster

• Listen as Kurt discusses growing too fast.
• Kurt describes how initially they did a little of everything and then decided it was better to focus on their core offerings.
• Hear how Kurt decided that growing organically with a strategy was the best course.

Tell us something good

• Kurt says that the best compliment is when the client says to him that they know he understands.

What’s on your desk?

• Meeting with prospective clients to discuss needs and potential plans.
• Discussing costs, rates, insurance and creating a budget.
• Kurt can look in from the outside and see what works and what doesn’t work.  He has seen most of the issues before and that facilitates the creation of a solution.

Favorite Resource

• Kurt has crafted a list of vendors that he has vetted and would vouch for their ability to provide the service.
• Kurt is a member of ProVisors and says that is a great source of referrals.

Favorite Books:

• The California Guide to Growing and Managing a Law Office

Favorite Quote of the Show in a One Minute Clip

Thanks for Listening

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Miranda McCroskey – host of Lawpreneur Radio