Smart Lawyers Position to Transition

Happy lawyers are the ones who are not spending 50+ hours at the office or griping about employees they need to hire or fire.  What they have learned is how to build a business that does not depend on them.  There are 3 key elements that successful law firm owners do that others don’t.  Listen to this episode to discover for yourself what they are.  Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Only 20-30% of businesses listed for sale actually sell.  In this episode, Victoria reveals 8 deal killers and how you can increase your odds of winning when it comes to selling your 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/

Mr. Ed was a talking horse that taught us lots of lessons when we were kids.  Recently Rich Strike, the unknown horse with 80-1 odds just won the Kentucky Derby. Tune in to learn what he can teach lawyers.  Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Goodwill is an established reputation.  When a law firm owner is trying to sell their firm, it is critical to determine if all the goodwill is personal to the owner or if the business has its own goodwill. One has value that will boost the price of the firm and the other doesn’t. Listen to this episode to learn how to build the right one. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

You’ve put your heart and soul into building your practice and now you’re elated that someone wants to buy it.  Why oh why did he have to break your heart?  Listen to this episode to discover why some deals to sell law firms don’t go through. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Believing that increasing the value of the business alone increases sellability is naïve. There are specific actions that can be taken to increase the value of a business. There are very different actions to take to increase the sellability. It is critical to know the difference. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Law firm owner Jonathan Sparks shares strategies for expanding his practice through acquisition after growing organically. Topics include the difference between a grinder mindset and an entrepreneur grind, building a law firm from scratch, finding a professional legal administrator, career growth and acquisition in the legal industry, and negotiating prices and creating value when acquiring law firms.

When looking for a buyer for your law firm, finding the right match is important. One size does not fit all. There are different kinds of sellers like there are different kinds of buyers. Listen to this episode to find out who you are and your likely match profile. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

Now that you are curious about selling or buying a law firm, you are probably curious about how much a law firm is worth.  How much money can you get?  Just like other businesses, except not exactly, the law firm has a value based on various factors we discuss in this episode. Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/

f you have thought about selling your law firm, then you might be wondering what the first step is.  And you may not have considered the 4 different “Readiness Assessments” that should be done as the first step. We talk about that in this episode.  Connect with Victoria Collier https://victorywalkcoaching.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/in/victorywalkcoaching/