Smart Lawyers Position to Transition

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 that runs within all successful Sole Practitioners  Connect with Carolyn Elefant and buy the book Solo by Choice at https://myshingle.com/ Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

The work has been done, and now you are getting offers to buy your law firm.  In this episode you will hear:  Why sellers should not talk to buyers  Why timing is so important  How accepting an offer is like an engagement and  The effects of a Letter of Intent on ongoing communication  Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

What happens when you put your law firm's team to the test? How will they manage without you? Victoria walks us through how to determine if you have an actual business. She also shares what she learned when she put her team to the test the first time. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

How important is having employees when I want to sell my law firm?  It could mean the difference between selling and just winding down.  Which employees are most critical?  Listen to this episode to hear the questions buyers ask themselves when considering the purchase of a law firm. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

What do independence and freedom mean to you? We dream and talk about retirement, believing that someday that will be our freedom. We all define freedom and independence differently.  Listen to this episode to see how and what independence and freedom mean to a law firm owner who is planning to exit the firm.   Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/  

Wonder what it’s like to buy a law firm?  Or why anyone would ever want to?  Buying a law firm can be like starting at third base instead of hitting from home plate, with built-in systems, teams, and revenue.  In this episode, you will hear from the attorney who bought the law firm of your host, Victoria Collier, in 2020 and what buying a firm at the beginning of a pandemic was like. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

What is in a name?  For a business owner – it can be your strongest branding point and increase or decrease the value of your business. So, if you want to sell your law firm, and the name is the name of the attorney – should you change it? And if so, when?  Listen to this episode to get the answers.  Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Everyone has a gut feeling as to what their firm is worth, or at least what they would be happy to walk away selling it for. Yet, some people forget or doubt their gut after they get a formal valuation of the law firm.  This episode shares why you should listen to your gut and how to trust it.  Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

It is history and tradition for lawyers to charge by the hour or the minute. Over the past few years, there is a healthy trend to charge based on value to the customer, generally a fixed fee. Listen to the pros and cons of each and decide for yourself if you should make the switch from hourly to value billing. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

In a society where we must get it all done, we sacrifice our sleep and time with family to ensure we have billed enough and our timesheets are ready to send to clients. Billable Hours are killing your business, your clients, and you.  Stop selling your time and start selling your value. This will inherently increase the value of your business. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/