Lawyer's Income Explosion
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A story about a 38-year-old personal injury lawyer who built a highly successful practice through word-of-mouth referrals.
"There's this 38-year-old personal injury lawyer who's been giving updates every couple years for the past 4 years. His background is he worked at one of the big law firms where you grind 80 hours a week, hoping to climb your way up to eventually make $1M after 10-15 years.
A friend of his got hurt and he said 'Hey, I'll represent you, just pay me whatever's fair.' He won the case, then a few other people started coming to him through word-of-mouth. He was doing this in the evenings while still working his main job. After a year, when his moonlighting income became bigger than his normal job, he quit to do his own thing.
Over 8 years from 2014 to 2022, his income grew from $300k to $600k to $800k to $1.2M to $3M to $5.6M to $6M to $6M, and this year so far $3.3M. He now has 5 attorneys working for him, handling about 300 cases per year. His current net worth is $15.8M, with $1.7M in a trust fund for his kids.
He's struggling with growth challenges because they don't have a CRM - everything's done manually and it's a lot of work. One of his goals is to automate a lot of their processes."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.