Advising beyond law: business guidance

Today, my guest is Jotham Stein. Jotham is a principal of the Law Offices of Jotham Stein, located in California, and he has more than a couple of decades of experience representing entrepreneurs and C-Suite executives in a whole bunch of different types of companies. He also represents board members and investment bankers as well as less senior employees of all different sized companies. He has written a book called Negotiate Like a CEO, and it looks at how all employees can protect themselves with the lessons that he's learned from representing top entrepreneurs and executives, and how you can profit from it as well. I think it's particularly enlightening in terms of the legal space these days, with people hiring and firing and merging and acquiring. So I think it's something that we could all benefit from.

In this episode, Neil and Jotham discuss:

• Why Jotham wrote Negotiate Like a CEO and how it can help all lawyers. 
• The purpose of a PIP (performance improvement plan) and how they are often used. 
• What to look for in an offer letter or in a separation agreement. 
• The importance of leverage in negotiation. 

Key Takeaways:

• As the entrepreneurial space has grown and evolved, so too have the legal needs of those in the entrepreneurial space. 
• The most important thing you should look for is how to protect yourself in employment in your offer letter. That includes having a severance agreement argued on day 1 if you do have room to negotiate. 
• There may be a red flag (depending on context) if you get push back when you try to negotiate on your offer letter. 
• Negotiating is the same regardless of what you are negotiating, whether it is a product or yourself as a person. 

"It’s the concept to protect yourself, to read everything or get a good adviser to read everything, to negotiate with leverage, just like a CEO would negotiate with leverage." — Jotham Stein

Get in touch with Jotham Stein:

Book: https://negotiatelikeaceo.net/ 

Website: https://jotham.com/

LinkedIn: https://www.linkedin.com/in/jotham-s-stein-7b92474/ 

Thank you to our sponsors!

• Ruby Receptionist - Virtual receptionist & live call services that will help you grow your office (and save money), one call at a time - to learn more, go to callruby.com/lawentrepreneur or call 844.895.7829
• Coach Rockwell - Mark Rockwell works with lawyers who are frustrated by their inability to scale up and become more profitable. He helps them create their vision, and implement an operating platform that builds healthy, thriving law firms. Reach out to him at mark@coachrockwell.com or 503.784.7205
• The Net Profit CFO - Ryan Kimler works with attorneys who want to enjoy higher net profits without working longer or harder. With just 9 Simple Numbers, Ryan will help you drive more profit to your bottom line-and he won't confuse you with all the details! Connect with Ryan at www.netprofitcfo.com.

Get in touch with Neil:

Website: https://thelawentrepreneur.com/

Twitter: https://twitter.com/lawentrepreneur

Facebook: https://www.facebook.com/thelawentrepreneur/?ref=hl

LinkedIn: https://www.linkedin.com/in/tyralawfirm/

Join Lawyer Club FREE, where lawyers and law firm owners come to reclaim control of their firms and their lives! Plus, get the full list of Best AI Tools For Lawyers inside!

Get in touch with Sam:

• MLA Website
• LawyerClub
• Purchase Sam’s book
• The Law Entrepreneur website
• My Legal Academy Youtube
• My Legal Academy LinkedIn
• My Legal Academy Facebook Page
• My Legal Academy Instagram

If you’ve enjoyed the podcast, please head to Apple Podcasts and leave a rating & review for the show! It only takes a moment, and really helps me to reach new listeners. You can also head to the website at TheLawEntrepreneur.com for more information on the podcast and my legal services.

 Show notes by Podcastologist Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.