Smart Lawyers Position to Transition

Join Victoria as she interviews Susan Hunter, a lawyer, former law firm owner, and happily retired dog day care owner, as she shares her own successful transition story and provides expert tips and strategies for a smooth transition. Tune in to hear about the key to successful transitions, like leveraging people, and building a strong team, the importance of coaching and mentoring, and real-life e...

In this episode, we discuss the five key areas of due diligence for successful law firm transactions. From legal and financial due diligence to operational and real estate due diligence, you'll gain valuable insights on how to protect your investment and make informed decisions. Plus, you'll discover the importance of understanding the culture of the firm and its people.   Listen to:    👉 Underst...

Should I add another practice area to my law firm? In this episode, we discuss the idea that subtracting practice areas from a law firm may be more valuable than adding new ones.   Listen to learn:   👉 The benefits of having a niche practice and how it can be easier to sell than a general practice. 👉 How some practice areas naturally tie into other areas and can be beneficial for a law firm owne...

Should you build or buy a law firm? We often hear that building is much better than buying another person's problems when acquiring an already established law firm. But is this always the case?   On Today's episode, we discuss 7   key things you should consider when deciding which option suits you best. Listen to learn   👉 How to know whether you build or buy   👉 What factors have to be taken in...

Should I build a law firm, or should I buy a law firm? And is buying a law firm even possible? In today's episode, Will Williford shares his journey from being in the army, to achieving multiple educational degrees, and eventually buying an already established law firm at the age of 36.   Listen to learn:   👉 Why buying a law firm instead of starting from scratch is worth it   👉 How Will ended u...

Did you know lawyers are prone to be 3.6x more depressed than workers in other fields? Wellness is not something that is talked about enough in the legal field, and it affects the way we deal with life and the work that we do. In this episode, we talk with Gayle Damiano, founder of Legal Ease Wellness. Legal Ease Wellness is dedicated to addressing the lack of mental, physical, and emotional healt...

Have you lost your spark? Maybe it's time to give yourself the chance to live a life that you love.   On this episode, we talk with Donusia Lipinski, formerly an immigration attorney and now founder of Grace and Ease Life Coaching. Helping lawyers find clarity on what they really love so they can transition into a life that they are truly passionate about.   Listen to learn:   👉 How Donusia trans...

It's no secret that one of the keys to pivoting from an operator to a real business owner is having the right team. But how exactly do you do that? In this episode, we talk with Brett Trembly, co-founder of Get Staffed Up, an offshore hiring service that connects your business with the best talent in Latin America. Having the right employees makes all the difference, allowing you to build a profit...

Too often, owners of law firms just expect that their associate will take over their practice and pay good money for it. The conversation comes from out of the blue, leaving the associate with so many questions. This can lead to a strained working relationship. Listen to this episode to learn: The best way to handle this discussion with 3 solid action steps for owners (4:50)  What to look for in a...

Are we or are we not heading into a recession? Why does this matter to you and your law firm? If you are planning to sell within the next 2-5 years, listen to this episode for recommendations on how you, as the seller, can create certainty in an uncertain world. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn...

You and your clients are vulnerable unless you subscribe to the Power of Two methodology. Without duplicating costs, learn the importance of cross-training employees and getting them to stop staying in their own lane. Before you have a disruption in your business, listen to this episode!  Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/group...

With priorities comes controversy – whose priorities and why the controversy?  Many coaches are screaming the good word of what law firm owners should do.  "Focus on this," "focus on that."  It's enough to drive a person insane – or at least burned out from trying to do it all. While the advice is good. Learn what makes the difference between good and great. A little secret – it's about priorities...

From the beginning of this episode, we jump right into the meat of what a seller should be asking the buyer when looking for a successful transaction. The buyer's Profit and Loss Statements will tell a story you want to read before selling. And listen here to find out why you should do a deep dive into the buyer's client files if they currently own their own law firm.   If you are thinking of sell...

What more needs to be said!   Well, the devil is in the details and the distinctions. Listen to this episode to find out what you need to know about hiring a broker, why only 25% of listed businesses for sale actually do sell, and how to increase your odds of a more successful result. Tune in to hear about my experience when trying to buy a daycare. Lastly, you will learn the difference in service...

Going from the Dark Ages to the Digital Age of law poses many questions, including the ethics of such transformation. Dave Zumpano and Guy Reymon eloquently explain and answer these questions in their book, The Digitization of Law:  How to Transform Technology Disruptions into Abounding Opportunity.    Key Takeaways 17:30 Learn about the 3 ways people work with lawyers and how clients shift betwee...

As more and more lawyers are beginning to realize they can buy or sell a law firm, the opportunities to do so are increasing as well.  While a conversation over a cocktail and a deal drafted on a napkin may still work for some ventures, lawyers, of all people, should know that formality is important. The first step in that formality is to have a Non-Disclosure Agreement in place when private infor...

There is a growing trend of non-lawyers owning law firms.  Listen to this episode and learn the following: 03:00 States that allow non-lawyer-owned law firms and their criteria 07:00 Other states that have committees that are considering it 09:00  Why this proposal and practice is NOT hurting law firms but actually helping them and 24:00 Where this is expected to go over the next 10 years.  Links...

This is the most important message I could share.  The evidence is all around us – the question is, "are we paying attention."  Listen to this episode to learn why Pink Floyd is relevant to your business, how it is never too late, and what the first step is to getting unstuck. Today.  Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/12...

Molly McGrath, Founder of Hiring and Empowering Solutions, is sharing strategies and practices to help you create a better employee experience and culture. Your team is your sales force and the glue that holds your business together. Listen to this episode to learn how to empower them. Since the late nineties, Molly has coached, consulted, and directed presidents and founders of national organizat...

All firms want consistent leads through solid marketing. It becomes even more important when selling a law firm. Jordan Ostroff, President of LegalEase Marketing, as well as a lawyer who owns a law firm and previously bought a law firm, shares his insight on:  Why some marketing companies make you money while others just waste it  The right and wrong ways to brand while selling a law firm  Why wor...

You want to start your own law firm, or already have, and now want to make sure it is successful. In my conversation with Chris White, Managing Partner from Eques, you will learn: How law schools discourage attorneys from going Solo What is the difference between True Solo and Sole Practitioner Where the opportunity is in the Recession How to Make a Solo Practice sustainable and profitable The One...

Only 30% of businesses that make it past the 10-year mark are sellable. There are 2 primary reasons why businesses don't sell – the business is not ready, or the owner is not ready. In this episode, we discuss the personal reasons an owner is not ready and the four key areas to break through. Vision Flexibility Detachment Team Involvement Podcast Episodes Mentioned https://sites.libsyn.com/400250/...

Millionaire Mindset Coach David Neagle is helping us work through the resistance that can arise when selling or scaling a law firm. Even when people are set on selling their law firm, or expanding a firm, they may sabotage it through unconscious resistance. In this episode, you will learn:   -- why people struggle to sell their firms,  -- what you can do to eliminate the struggle -- how trust play...

You've had a great career with the freedom of owning your own law practice, and now you want to retire or just do something different. While many lawyers in that position just wind down their practice, this episode highlights 5 other available options, including selling the firm. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225...

You want to start your own law firm or already have, and now you want to make sure it is successful. In this episode, you will hear attorney and author Carloyn Elefant discuss: How law schools discourage attorneys going Solo What the difference is between True Solo and Sole Practitioner Where the opportunity is in the Recession How to Make a Solo Practice sustainable and profitable The One Thread...