Adventures In Legal Tech

How Lawyers Can Explore Non-Legal Interests with Brendan Ward

Jun 26, 2024

Brendan Ward, a practicing lawyer, shares his journey from solo practice to partnership, expanding into estate planning and real estate. He discusses setting up ancillary businesses, venturing into commercial real estate investments, and the limitations of wealth creation within law practice. The conversation also delves into the importance of tech tools in streamlining legal practice.

32:12

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Episode guests

Brendan Ward

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Quick takeaways

Transitioning from solo practice to partnership can lead to growth and overcoming fears in legal career.

Exploring ancillary businesses and real estate investments can diversify a lawyer's revenue streams.

Deep dives

Introduction to Legal Tech Non-Event

The Legal Tech Non-Event, hosted by Jared Kriya, focuses on bringing legal technology discussions directly to lawyers, especially those who find traditional conferences boring.

Intro

2min

A Conversation About Beach Preferences and Controlled Environments

2min

Discussing Vacation Preferences and Starting a Law Firm

3min

Exploring New Opportunities in Law: Insights from Estate Planning and Real Estate Lawyers

17min

Exploring Trends in Legal Business Structures and Regulations

2min

Exploring Non-Legal Interests and Utilizing Technology in Law Firms

7min

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.

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