Smart Lawyers Position to Transition

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 transitioned from having an immigration law firm to owning a coaching business 👉 How to turn life events into opportunities to take action 👉 How Grace and Ease Life Coaching can help you see a better future for yourself Get in touch with Donusia at https://www.linkedin.com/in/donusia-lipinski-clfblf04/ Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 profitable business that benefits both. Listen to learn: How to turn your team into an asset instead of a liability. What kind of staff members are useful for your firm. What hiring offshore is like and what it could mean to your business. How to build the right team while still remaining profitable. For a special offer for our podcast listeners, go to https://getstaffedup.com/smartlawyers/ Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 an associate that you want to be your successor (6:00) Steps an associate can take (9:00) And what to expect in the first meeting (9:55) Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 https://www.linkedin.com/in/victorywalkcoaching/

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/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 selling your law firm, you must listen to this episode. If you are looking to buy a law firm, listen to what you should expect from a seller during due diligence. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 services between a broker and a consultant. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 between them. 21:00 Discover how the digitization of law increases the value of a law firm rather than replacing a law firm Then, you will hear Dave's position on how efficiency is a failed paradigm. To learn more about Guidr. Visit https://guidr.legal/ Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

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 information is going to be shared. A "mutual" NDA is the recommended document, and the reason why a seller would want a buyer to sign one is shared at about 5 minutes into this episode. The risks of NOT having an NDA are listed at the 10-minute mark, and the separate parts of the agreement are outlined at 23 minutes. Before you even think about talking to a buyer or seller, listen to this episode! Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/