11: Unlocking Business Growth: Legal Tips with Attorney Megan Porth

Summary

In this podcast episode, Megan, the founder and managing attorney at Your Contract Shop, shares her journey from lobbyist to lawyer, driven by a desire to protect veterans and a passion for contracts and business law. She and the host discuss the critical role of contracts in fostering happy clients and brand loyalty, and Megan’s unique billing practices that prioritize transparency and client relationships. She advocates for frequent billing notices to empower clients in managing their legal expenses. Megan also offers virtual legal services, emphasizing her commitment to transparency by posting her rates online and providing a free 30-minute consultation. The host commends Megan’s positive impact on his business and others, highlighting her expertise in contractual and business legal matters.

Guest

Megan is the founder and managing attorney at Your Contract Shop. Her passion for helping businesses grow inspired her to go to law school, where she graduated with honors. Additionally, she interned with the Veterans’ Court at the Maricopa County Superior Court in Phoenix and The Institute for Justice in Tempe.

Prior to law school, Megan worked as the Business Manager for a software development company, the Deputy Director for a statewide initiative, and a lobbyist for the Arizona Department of Veterans Services.

After law school, Megan worked for a few small boutique firms in Phoenix that focused on business law, including entity formation, medical marijuana, mediation, litigation, licensing, and securities. During her time with these firms, she successfully drafted motions that secured unprecedented and celebrated victories for her clients in the medical marijuana industry.

Guest Contact

Superfans Success Tip

Bullet Points

  • Importance of contracts in business relationships
  • Challenges faced by lawyers in transitioning to a relationship-focused approach
  • Empowering clients to manage legal expenses and make informed decisions
  • Importance of transparency and communication in legal services
  • Managing retainer fees and billing by the hour
  • Significance of notifying clients about their spending
  • Impact of transparent communication on client experience
  • Megan’s virtual and web-based legal services and availability for consultations

Best Quotes

‘Megan Porth, ’00:01:59’, “I’m just going to go to law school so I can sue you all and we can protect these veterans the way that we’re supposed to.”

‘Megan Porth’, ’00:04:09′, “It’s a puzzle; that’s why we like it. They’re puzzles that’s all they are, we got to figure them out.”

‘Megan Porth’, ’00:22:26′, “If I’m billing you by the hour and my rate is $350 to $450 an hour, and your therapist’s rate is $125 an hour, you should know that. You’re paying me a premium to vent, so it’s important to be aware of how you’re spending your money.”

‘Megan Porth, ’00:23:29’, “That’s part of the whole puzzle, feeling uninformed. So when the attorney has to deal with multiple people for the same thing, and everyone has different questions, the money’s gone before you know it.”

‘Megan Porth’, ’00:24:25′, “That $5000 is important to businesses, and if they don’t realize they’ve already spent it in 30 days, that’s a shock. Clients often tell me they get an invoice 30 days later and not only is the $5000 gone, but they also need another thousand for additional work.”

JOIN THE BUSINESS SUPERFANS ACCELERATOR COMMUNITY AND START TODAY

Cultivating Your Superfans, Accelerating Your Brand, Attaining Your Sustained Success

Episode Transcript

11: Unlocking Business Growth: Legal Tips with Attorney Megan Porth

Freddy D (00:00:00) – Megan is a founder and managing attorney at your contract shop. Her passion is helping businesses grow. Inspired her to go to law school, where she graduated with honors. Additionally, she interned with the Veterans Court at the Maricopa County Superior Court in Phoenix and the Institute for Justice in Tempe. Prior to law school, Megan worked as the business manager for a software development company, the deputy director for the statewide initiative, and lobbyists at the Arizona Department of Veterans Service. After law school, Megan worked for a few small boutique firms in Phoenix and focus on business law, including entity formation, medical marijuana mediation, litigation, licensing, and securities. During her time with these firms, she successfully drafted motions that secured unprecedented and celebrated victories for her clients in the medical marijuana industry. Hello, Megan. Welcome to the show.

Megan Porth (00:00:50) – Hello. Thanks for having me today.

Freddy D (00:00:53) – So how’d you what made you become a lawyer?

Megan Porth (00:00:56) – Yeah, my family asked me this question almost on a daily basis. Why are we here? And it is interesting because I come from a family of entrepreneurs.

Megan Porth (00:01:04) – Actually, the first person in my family to go to college. I’m the only person to get their graduate degree. Because what we do in our family is we start businesses. That’s what we do. So when I decided to go to law school, my family kept going, why? What are you doing this for? And it really was inspired during my work as a lobbyist with the Arizona Department of Veterans Services. So I was a legislative liaison. I was hired on very early in my career. I was in my early 20s. I had no idea how that job, even I got that job that young. And what I was doing is I was dealing with the legislature quite often in that particular capacity. I was working as a lobbyist on behalf of Arizona veterans, and I just got so frustrated with their lack of movement and the doublespeak and telling me something was going to happen. And then it never did. And gaslighting and all the things that happened. And I finally said, you know what? That’s okay.

Share this Episode with Your Contacts

Scroll to Top