Exploring Trends in Legal Business Structures and Regulations

I talked with a practicing lawyer, who keeps himself busy with non-legal business interests. He explains how he does it, and how you can, too!

Episode Highlights 08:04 - Founding Cherry Tree Legal – Brendan’s journey from solo practice to partnership. 10:15 - Initiating Change – The spontaneous move to start a new firm. 17:51 - Overcoming Fear – Brendan’s acknowledgment of fear in solo practice and growth after partnership. 22:10 - Estate Planning and Real Estate Practice – Incorporating new areas of law. 27:57 - Setting Up Ancillary Businesses – The structure and reasons behind establishing a title company. 32:09 - Real Estate Investment – Diversifying into commercial real estate investments. 35:32 - Critique of Legal Market – Brendan’s insight on wealth creation limitations within law practice. 38:32 - Non-Lawyer Ownership in Law Firms – Discussing the potential and necessity for private equity in law firms. 50:33 - Importance of Tech in Law Practice – Tools and software Brendan uses to streamline his practice.

Episode Resources

• Connect with Jared Correia
• jared@redcavelegal.com
• https://redcavelegal.com/
• https://www.linkedin.com/in/jaredcorreia
• https://twitter.com/RedCaveLegal
• www.linkedin.com/in/jaredcorreia/
• Connect with Brendan Ward
• http://cherrytreelegal.com