The Lawyer Millionaire® Podcast: Business & Financial Planning for Law Firm Owners

Are you a law firm owner looking to expand and take your firm to new heights? Or are you looking to merge with another firm as part of your retirement and succession plan? In our latest episode of The Lawyer Millionaire Podcast, we sit down with Margaret Burke – founder of MB Law Consulting – to uncover the secrets of a successful law firm merger. If you’re eager to learn how to navigate the...

As a law firm owner, staying ahead of the curve is crucial to the success of your practice. In a rapidly changing legal landscape, embracing modern technology, addressing succession planning, and creating clear pathways to partnership are essential to attracting the next generation of lawyers. In this episode of The Lawyer Millionaire Podcast, join host Darren Wurz and guest Camille Stell as they...

Owners of law firms often face unique challenges as they transition out of their practices. Whether due to retirement, a career change, or other reasons, the decision to sell your firm requires careful consideration and guidance.  In part three of the Succession Planning for Law Firm Owners mini-series, Darren Wurz sits down with Tom Lenfestey, Founder of The Law Practice Exchange, LLC. Tom shares...

A law practice sale as part of your retirement plan is not only possible, it’s highly achievable, and there are several benefits that you might not know about… and we are here to show you how you can make it happen!  In part two of the Succession Planning for Law Firm Owners mini-series, Darren Wurz speaks with Jeremy E. Poock, Esq., founder and president of Senior Attorney Match, focu...

Why do law firm owners need a succession plan? What makes succession planning difficult? Can I really sell my law firm? How much is it worth? What does a succession plan look like? How is selling a law firm different from selling other businesses?  In this episode, part 1 of a mini-series on Succession Planning for Law Firm Owners, Darren Wurz answers these questions and more! Over the next severa...

Asbestos, tobacco & Agent Orange… What do all of these things have in common?  If you guessed mass torts, you are correct!  In this episode, Darren is joined by Gregg Goldfarb, a very successful Florida attorney with over 25 years of experience as a law firm owner handling tens of thousands of cases involving complicated mass torts. Mass tort litigation refers to a legal action where a large n...

Why do our emotions have such a strong influence on our finances? Many people struggle with managing their finances because they don’t fully understand their emotions about spending, or because they feel pressure to maintain a certain level of living. In this episode, Darren Wurz sits down with Christine Luken, the founder of the Financial Dignity Movement and author of “Money is Emotional:...

There is a lack of basic financial education in our schools, and that means you, as the adult in a child’s life, need to step up and fill the gap. In this episode, Darren Wurz discusses the importance of financial literacy and shares a number of things his dad did that helped him start out on solid financial footing–things you can do for your kids too! These steps could make a huge impact on...

Are you looking for ways to help your firm stand out from the competition and attract more clients through effective search engine optimization (SEO)?  Look no further! In this episode, Darren chats with Chris Dreyer, the CEO of Rankings.io, who shares his expert insights on achieving long-lasting and immediate results for law firms–especially personal injury firms. Together they explore winning s...

One of the most important things you can do to ensure a secure financial future is to take proactive steps now to manage your finances. This involves making smart choices in the present that will set you up for long-term success and avoiding financial mistakes that can set you back.  In this episode, Darren uncovers the most common mistakes attorneys can make that may negatively impact their retir...

Maresa Martin Talbert is an attorney and law firm owner with a story you won’t want to miss. She served as an officer in the Navy, used the GI bill to pay for law school, opened her own successful law practice, and plans to retire early!  In this episode, Darren speaks with Maresa Talbert, founding attorney at Talbert Law Office, APC, and navy operator, to discuss her journey and the lessons...

There are any number of reasons to determine the value of your firm, especially if you are planning to sell your practice. But how do you do that?  In this episode, Darren Wurz talks with Serena Amlie, CFA, a manager at ComStock Advisors, about the process of performing a valuation for a law firm. She also explains what you can do to improve the value of your business to sell it for top dollar. Se...

As a business owner, growing your law firm is one of your priorities. However, what happens when you’re ready to retire or sell your business, do you have a succession plan? In this episode, Darren Wurz talks with Thomas Cuni from Cuni, Ferguson & LeVay Co., L.P.A. He discusses the importance of having a succession plan and why money isn’t everything when it comes to lawyers deciding when the...

Attorneys and law firm owners are already busy as it is. Now, throw in gift shopping, holiday parties, and time away from work and this time of year can really be very stressful. How do you manage stress and stay healthy during the holidays? In this episode, Darren Wurz talks with Jerry Scarlato, owner of Thriveology, and fitness coach. He will offer tips for staying healthy during the holidays an...

A little self-care can go a long way. This may include taking some personal time, eating better, and getting regular exercise. But it should also mean investment planning for your future. In this episode of The Lawyer Millionaire, Darren Wurz shares how four investment groups thrive in different environments and how your returns are a function of your risk tolerance. Darren discusses: The concept...

How often have you seen the market dip and immediately want to pull out your investments to avoid further losses? That would be one of your biggest mistakes. In this episode, Darren Wurz shares the top five investment mistakes made when faced with market volatility and how he helps clients protect themselves from increasing losses. He reveals the dangers of impulse decision making, how those decis...

Starting an individual practice in law is not an easy step. But will you let that stop you from starting your own business? In this episode, Darren Wurz talks with Russell Kohn, a personal injury attorney and owner of Kohn Law Office. Russell shares some insights on how he started his practice, turned it into something profitable and built a successful career. Russell discusses: What encouraged hi...

Taxes are a major concern for many successful attorneys and law firm owners.  In this episode, Darren Wurz talks with Mike Jesowshek, CPA, and host of the Small Business Tax Savings Podcast. He discusses how he can help you with tax planning, and also walks you through the journey to tax minimization. Mike discusses: How he helps business owners and attorneys with taxes After-tax versus pre-tax do...

You’ve done it. You’re starting your own law firm. But wait, have you put in enough effort now to make a huge difference moving forward? In this episode, Darren Wurz will give you critical suggestions on starting your own practice and building it from the ground up and how a little effort now in the beginning can lead to a big pay off later. You will also learn some important strategies for person...

Inflation is simply the phenomenon of prices going up everywhere. But the reality is we don’t need to just keep up with the pace of inflation, we need to outpace inflation. In this episode of The Lawyer Millionaire, Darren Wurz talks with Travis Wurz, a financial goal planner and consultant at Wurz Financial. They discuss how you might be impacted by inflation in your daily life and why it’s impor...

Most attorneys will eventually retire and you shouldn’t wait until the last minute to start planning for your retirement. In this episode of The Lawyer Millionaire, Darren Wurz discusses the challenges you may be facing in the legal profession when it comes to your retirement planning. Darren discusses: Why attorneys procrastinate when it comes to retirement planning Some of the biggest fear...

In the legal profession, there are some financial potholes that can trip up your planning. Do you set time aside to focus on you and your money? In this episode of The Lawyer Millionaire, Darren Wurz discusses the challenges that people working in the legal profession experience when managing their money. He also provides tips on how to effectively manage your money. Darren discusses: The importan...

When you hear the words client experience, what do you think of?  In this episode, we spend more time getting to know the host, Darren Wurz, MSFP, CFP® . He discusses what client experience means to him and his team at Wurz Financial Services, and shares the process he uses to help his clients plan for retirement.  Darren discusses: What it is like to be a client at Wurz Financial Services Common...

The highly anticipated podcast, named after the book “The Lawyer Millionaire”, has officially launched!  In this inaugural episode, get to know your host, Darren Wurz, MSFP, CFP® . He highlights what led to the start of his business and what made him so passionate about creating successful financial plans for professionals working in law firms. Along with some insight into what’s to come on his sh...