Written by Katy Goshtasbi
Posted on: February 16, 2026
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To many, the business world seems unstable these days. AI adds to this sense of instability, often creating a scarcity mentality in business.
Everyone is scrambling to get more business and keep their clients. I have a not-so technical term for this: “icky desperation”.
As a result of my years of coaching leaders, here’s a two tier problem (and trend) I see with senior leaders in the legal and business world:
Problem #1: You’re making LOTS of money as an elite leader/managing partner. And you are numb inside. Unfulfilled. You have to pay for your children’s Ivy League education. You have a huge mortgage. Maybe your spouse/partner is disengaged from you. Maybe the best part of your day is the drive back and forth between home and the office. You are stuck at work, feeling trapped and terrified at the thought of wanting to leave your lucrative career and job.
Problem #2: There will likely come a time in 2026 when three of your senior leaders/associates will leave and you won’t expect it. I call this your $3 million problem.
Do you have the first problem?
If not, then you will likely have the second problem… if you already haven’t had it. Here’s some data to consider.
Replacing a senior leader costs 3 to 4 times their annual salary. That’s what shows up on the balance sheet. A million dollars plus per leader you replace.
What doesn’t show up is far more dangerous.
Client trust evaporates. Institutional knowledge disappears. Strategic initiatives stall. And when one respected leader leaves, others begin quietly reassessing their own future.
I know this from the inside.
After a decade as a securities attorney – including roles at the SEC and top firms in Washington, DC – I had what most would call a successful career. Credentials. Compensation. Status.
And then I left.
No warning. No dramatic exit. No counteroffer conversation. I was simply done.
Over the last 18 years, working with CEOs, lawyers, executives, and leadership teams across industries, I have learned that my story is not the exception – it’s the pattern.
Senior leaders rarely announce they’re thinking of leaving. They disengage quietly. They keep performing. They stop imagining a future. By the time organizations and law firms notice, the decision has already been made.
Why This Is A Problem (Your Problem?) in 2026
“I’ve Got This”
Here’s what I’ve seen. Both the problems I noted above start with a very specific mentality. Some of the most successful lawyers and leaders have an “I’ve got this” mindset. They think, “I don’t need help, I got this no matter what.”
I was that person, too. I had an immigrant mentality where I felt like I had to prove myself constantly as a lawyer (and as a human). Law school added fuel to this fire, engaging my unhealthy competitive side and leading me to view “rest” as stupid and useless. I would sleep when I was dead, I wrongly thought. I felt I had no other skillset other than lawyering. I had to do it all. “I’ve got this” was my mantra. Turns out, I didn’t “got this”.
If this is you, or those you lead, this mentality will get in your way of being profitable in 2026 because:
- The least effective law firms and companies are getting all the business because they know how to use social media and be noisy online without a real brand in the short term. Meanwhile, some extraordinary companies and law firms are going under because they haven’t learned how to stand out by being a unique brand. You weren’t trained in school how to do this. You’ve been swayed for years now by online ‘slop’ when being unique (even weird) always wins out as a solid, long-term strategy to defeat the noise online. You haven’t stopped to notice this nasty trend, because you’re too busy doing and producing. After all, you’ve “got this”.
- If you are anything like I was, you’re a hustler deep down. This mindset of “I’ve got this” got you here AND this mindset won’t help you finish 2026 successfully. It will only lead you to one place: burnout. You, or your senior leaders, will keep going until it’s physically impossible to go anymore. Then comes the exit, resignation, quitting. That’s what happened to me. I promise it’s every leader’s destiny (and that of those senior leaders you lead) unless you commit to doing things differently. Start today.
The Solution
With a background in branding and marketing, I’ve been working for years with industry leader clients on standing out and owning their uniqueness using one of the most successful ways of running a business that has been forgotten: word of mouth.
Word of mouth is extraordinary. It’s how business has been done for thousands of years. To do so effectively, centers around a strategy for each individual leader’s brand uniqueness.
Identifying a leader’s uniqueness leads to a strong brand position and strategy. This brand position and strategy solves problem #1 and problem #2 noted above: knowing their uniqueness as a leader leaves them more fulfilled and in action, allowing them to see a future in their career and business. They won’t want to leave their job. They won’t burn out. And if they do want to leave their job, they will be empowered and will give proper notice helping your organization or law firm to avoid the $3 million problem.
There are very powerful tools to build a word of mouth business branded around your senior leaders’ uniqueness.
Here’s an easy place to start. Consider:
Stop. Take a minute and be really honest with yourself. Do you have some version of problem #1 or problem #2 above? Do you have both problems? There is no right or wrong answer. Just honest reflection right now.
Next, stop and consider if your senior leaders have the following tools and strategies mastered. Have your senior leaders:
• Tapped into who they are and what makes them unique. Even those things they once considered “weird” about themselves are their uniqueness and what sophisticated business clients will pay good money for in their lawyer and senior level executive service provider.
Ask them to make a list of what they believe is unique about them. HINT: being a “good” lawyer or executive by delivering results is NOT their uniqueness. Those are just the baseline of acceptable delivery of services and goods.
• Do they know how to employ support and resources. This is key. they don’t have to do this alone. They shouldn’t do this alone. Their expertise lies elsewhere. If they keep doing this on their own, they are losing time that could be billable to clients. There are resources and tools to complement them in word of mouth marketing and branding.
If they believe that word of mouth could be your law firm or company’s best strategy then your senior leaders need to be willing to employ their network and ask for help. Are they willing? If so, have them make a list of the resources they have at their disposal. They need to list everything, even if they feel it is minor. These resources could range from receptionists to nutritionists to coaches to books.
Congratulations. You, as a managing partner and elite leader in your organization, just started to take the first steps in doing what successful lawyers and leaders are doing in 2026 to prosper in business. This solid strategy is foundational and stands the test of time.
In summary, as managing partners in law or elite leaders in organizations, two main problems arise: either you are wealthy, numb and stuck in your role and career OR you have an attrition crisis where your senior associates/staff are leaving you unexpectedly creating a $3 million dollar dilemma.
Or… you may have both problems.
You have these two problems because you and your senior team of leaders likely have the “I’ve got this” mentality, buried and distracted in work minutiae and suffering from some level of burnout. In the short term, other less effective companies and law firms are taking advantage and taking away your business with online slop. You’re too busy playing their messy online game and missing the better strategy. Or maybe you aren’t even in the game.
The solution rests in stepping back and going back to the centuries old, tried and true way of building a successful law firm or business: a word of mouth marketing strategy built on the unique brand of each leader. But first you, as the elite leader, must stop and see what your senior team members are up to.
Are you in or will you keep suffering the consequences?
Clarity in One Conversation
You don’t need more information. You need the right next step. Contact me and let’s find it.












