Smart Lawyers Position to Transition

In this episode, Victoria Collier and guest Elise Buie discuss books for business success and scaling a law firm. Elise Buie is an attorney, business owner, an avid reader, and coach for other lawyers. They delve into Elise's background, from practicing law in New Orleans to starting her family law firm in Minnesota and later moving to Seattle. Elise recounts her experiences with homeschooling, surviving Hurricane Katrina, and her divorce. The conversation explores how Elise approached starting her law firm by researching and learning as she went along. She emphasizes her commitment to mastering family law and applying it to her personal life, particularly in co-parenting situations. About Victoria Collier Victoria Collier, JD, CELA, CEPA, CVBA, is a highly accomplished professional who founded The Elder & Disability Law Firm of Victoria L. Collier, PC, in 2003, achieving consistent average gross revenue of $1.5M for five consecutive years before successfully selling the firm in 2020. Since 2008, Victoria has been a trusted consultant, providing valuable guidance to law firm owners on developing specific practice areas within their existing firms and enhancing overall firm value. As a Certified Exit Planning Advisor and Certified Value Builder Advisor, Victoria specializes in advising law firm owners on strategic positioning and transitioning their firms, facilitating a smooth transition into life after law. About Elise Buie Elise Buie, Esq. is a passionate, creative, problem-solving family law attorney who creates solutions, not obstacles. After evacuating her hometown of New Orleans during Hurricane Katrina and surviving a divorce, Elise landed in Seattle and founded her law firm. Elise's practice involves all aspects of family law, guided by a collaborative philosophy and her deep understanding of complex parenting issues. Elise opened her firm during a period of personal adversity. Now in a period of global adversity, Elise's firm has experienced its most significant growth yet, which she attributes primarily to her driving force and mantra: "I can do it." Key Takeaways: •⁠ ⁠Books for Business Success: Both Victoria and Elise share their love for reading and how impactful books have been in shaping their entrepreneurial mindset. •⁠ ⁠Scaling a Law Firm: The main focus of the episode is on scaling a law firm. The discussion centers around Elise's journey, from practicing law in New Orleans to starting her family law firm in Minnesota and eventually moving to Seattle and the challenges and experiences she faced during this process. •⁠ ⁠Personal Growth and Learning: Elise's personal growth journey is highlighted, particularly through her experiences of homeschooling, surviving Hurricane Katrina, and going through a divorce. Listen to the full episode for in-depth insights around the intersection of personal experiences, learning from books, and the challenges and successes involved in scaling a law firm. We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this episode, our host Victoria Collier discusses the complexities of selling a law firm when you have multiple partners that decide to exit simultaneously. Victoria gives examples of various partnership scenarios, from traditional law partners to spouses or key employees who act as partners. She emphasizes the challenges that may arise from these situations and how it affects both the seller and the buyer. About Victoria Collier Victoria Collier, JD, CELA, CEPA, CVBA, is a highly accomplished professional who founded The Elder & Disability Law Firm of Victoria L. Collier, PC, in 2003, achieving consistent average gross revenue of $1.5M for five consecutive years before successfully selling the firm in 2020. Since 2008, Victoria has been a trusted consultant, providing valuable guidance to law firm owners on developing specific practice areas within their existing firms and enhancing overall firm value. As a Certified Exit Planning Advisor and Certified Value Builder Advisor, Victoria specializes in advising law firm owners on strategic positioning and transitioning their firms, facilitating a smooth transition into life after law. Key Takeaways: •⁠ ⁠Partnership Complexity: This episode explores various partnership scenarios, including traditional law partners, spouses, and key employees who act as partners. •⁠ ⁠Buyer's Perspective: Having partners exit at the same time can complicate matters for potential buyers. •⁠ ⁠Start Sooner: To address challenges effectively, law firm owners should initiate the transition period sooner. Listen to the full episode for in-depth insights into the nuances of selling a law firm with multiple partners and gain valuable strategies for a successful transition. We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this new installment of Life After Law®, our host, Victoria Collier, engages in a conversation with the founder of PractiGal, Sonya Sigler. Sonya takes us on her personal journey, transitioning from being an IP lawyer to a successful business founder. Together, they examine the most common challenges lawyers often confront, including the struggle of staying in unfulfilling roles. The discussion extends beyond the professional dilemma, touching on the emotional, psychological, and health aspects often involved in transitioning out of a legal career. About Sonya Sigler Sonya is in the confidence-building business and loves to help women break through the glass ceiling! She works with highly motivated professional women (and enlightened, progressive men) who feel stuck, uncertain, or frustrated in their career. She empowers them to find a job they love that is balanced and aligned with their work-life vision. It took her many years to learn to do this and now she helps others design and live their balanced life. Key Takeaways: Welcome Framework: Sonya introduces the "Welcome" framework, outlined in her first book, "Welcome to the Next Level." This approach centers on goal setting, understanding one's value, and effectively communicating that value. Four A's Process: Sonya shares insights from her second book, "What's Next for My Career," unveiling the Four A's process. Life After Law: Sonya reflects on her own journey after leaving the legal profession. She emphasizes the importance of crafting a life on one's terms, sharing personal experiences, and offering practical advice on intentional living. PractiGal Services: Beyond the podcast, Sonya encourages seeking help and highlights her online courses and books available on demand at sonyasigler.com Free Books: WELCOME to the Next Level - Sonyasigler.com/book Available on Amazon, and in Book stores (audio, print, eBook) What's Next for My Career? - Sonyasigler.com/book2 Available on Amazon (eBook); Audio and print versions coming soon. Set Yourself Up for Success - sonyasigler.com/ https://sonyasigler.com/book-launch-team/ Join the Book Launch Team! We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this episode, Victoria Collier delves into the critical factor of timing when it comes to selling a law firm. Drawing on real-world experiences and success stories, she discusses the multi-phased process of preparing and selling a law firm, emphasizing the need for a strategic approach and dispelling common misconceptions. About Victoria Collier Victoria Collier, JD, CELA, CEPA, CVBA, founded The Elder & Disability Law Firm of Victoria L. Collier, PC (dba The Estate & Asset Protection Law Firm) in 2003; built it to a consistent average gross revenue of $1.5M for five years before selling the firm in 2020. Since 2008 Victoria has been consulting with law firm owners on how to build specific practice areas to their existing firms and how to build value within the firm. Victoria is the author of 47 Secret Veterans Benefits for Seniors: Benefits You Have Earned but Don't Know About! and The Road to Success, Amazon #3, co-authored with Jack Canfield (author of Chicken Soup for the Soul series), – Chapter 6, Road to Niches. As a Certified Exit Planning Advisor and Certified Value Builder Advisor, Victoria advises law firm owners on how to position to transition their law firms so they can have a life after law. Key Takeaways: •⁠ ⁠The Illusion of Infinite Time: Victoria discusses the common belief that time is infinite and how this mindset can impact decisions, especially in the legal business. •⁠ ⁠Selling a Law Firm Takes Time: Victoria shares insights into the unrealistic expectations some law firm owners have regarding the speed of selling their firms. •⁠ ⁠Stories of Varying Timelines: Real-life examples of law firms with different timelines are discussed, illustrating the impact of various factors on the selling process. Remember to subscribe so you don't miss out on any new episodes of Smart Lawyers Position to Transition! We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this episode, host Victoria Collier sits down with Rocky Lalvani, a certified profit first professional and host of the Profit Answer Man podcast. Together, they explore the crucial topic of prioritizing profits in your business. The podcast delves into the challenges lawyers face in managing their practices, including issues related to pricing, value billing, and the importance of understanding the business of law. About Rocky Lalvani: Rocky Lalvani's remarkable journey began when his parents immigrated to the United States, starting anew in their 40s, chasing the American dream for the second time. Despite facing adversity, including the loss of his mother at a young age, Rocky has achieved both financial and life success. Embracing principles of saving, investing, and wise spending, Rocky transitioned from a pharmaceutical sales career to retire from corporate America. Now dedicated to helping small business owners understand finances, Rocky leverages his firsthand experiences in corporate, independent work, and small business management, aiming to provide valuable insights at a fraction of the cost of a dedicated financial manager. Key Takeaways: •⁠ ⁠Start Small, Think Big: Rocky emphasizes the importance of taking baby steps when implementing profit-first strategies. •⁠ ⁠Automation with Relay Bank: Discover how Relay Bank, an automated financial tool, can streamline the process of allocating funds for profit, taxes, and other business expenses. •⁠ ⁠Mindset Matters: Rocky and Victoria delve into the mindset issues that entrepreneurs, including lawyers, face when it comes to spending, societal expectations, and lifestyle choices. Connect with Rocky: •⁠ ⁠Listen to Rocky Lalvani's podcast, Profit Answer Man https://profitanswerman.libsyn.com/ •⁠ ⁠Connect with Rocky on LinkedIn https://www.linkedin.com/in/rocky-lalvani/ Explore Quid Pro Quo Law's offerings for lawyers interested in selling or buying law firms at quidproquolaw.com We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this episode of Smart Lawyers Position to Transition, your host, Victoria Collier, takes a deep dive into the intricate process of closing the gap and orchestrating a successful sale of a law firm. With her wealth of experience and expertise, Victoria unravels the layers of complexity surrounding this pivotal aspect of the legal business landscape. The central theme of this episode revolves around three pivotal gaps that demand meticulous attention: the money gap, the risk factor versus opportunity factors gap, and the emotional gap. Each of these gaps plays a significant role in the overall strategy required to navigate the complexities of selling a law firm. As Victoria guides listeners through these three pivotal gaps, she outlines a strategic approach to address them in a specific order. Commencing with the financial gap, the journey progresses towards understanding and mitigating risks and maximizing opportunities, culminating in bridging the emotional gap. We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

Upleveling Your Business. The podcast explores the theme of systematizing freedom in business and life, focusing on Kristen's journey from being a trial attorney working 85 hours a week to building a million-dollar-plus business that thrived without her presence. She highlights the significance of creating and refining policies and procedures, sharing her experience of selling her law firm and the impact of well-documented manuals on the business's value during the sale. Key Takeaways: Transition from Law Practice: Kristen shares her personal journey, highlighting the challenges of managing a law firm and the pivotal moment when she realized the need for systems and processes. Building Systems for Business Success: Kristen discusses the significance of creating policies and procedures, emphasizing the role of checklists, videos, and visual aids in the learning process. Selling a Law Firm with Systematized Processes: The podcast delves into how having well-documented policies and procedures became a significant negotiating asset when Kristen sold her law firm. Life Changes Post-Law Practice: Kristen shares how cutting ties with her law firm allowed her the freedom to run a virtual company and travel the world. Connect with Upleveling Your Business and Kristen David: Listeners can reach out through direct messages on social media or visit the website uplevelingyourbusiness.com for more information. $500 off any of our systems packages (retail $1497-$3000) with coupon code THRIVE. They can be found at https://www.uplevelingyourbusinesssystems.com/ https://www.facebook.com/the.kristen.david https://www.facebook.com/UplevelingYourBusiness https://www.linkedin.com/in/kristendavid/ https://www.instagram.com/uplevelingyourbusiness/ https://www.instagram.com/thekristendavid We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this podcast episode, host Victoria Collier interviews guest Josh Fonger, CEO of WTS Enterprises, and expert in helping entrepreneurs transition from working in their business to working on their business. The discussion revolves around the importance of systems in a business, with a focus on the "Work the System" (WTS) methodology. Josh shares his journey into becoming a systems consultant and highlights key elements of the WTS method. Key Takeaways: The Importance of Systems: * Josh emphasizes the significance of systems in a business, introducing the "Work the System" (WTS) methodology. Client Scenarios: * Josh shares real-world scenarios of clients, such as a solo practitioner scaling to build a team, a busy law firm seeking efficiency, and a practice preparing for sale. Mindset Shift for Business Owners: * The conversation explores the mindset shift required for business owners to transition from being employees to true owners focused on growth. WTS 120-Day Program: * Josh introduces the WTS 120-day program, designed to intensively guide business owners in working fewer hours, freeing up cash flow, and establishing foundational procedures. Learn more at wtsenterprises.com Get a free book summary of "Work the System" at wtsenterprises.com Connect with Josh Fonger * josh@wtsenterprises.com * wtsenterprises.com We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In today's episode, host Victoria Collier explores a fundamental aspect of the acquisition process: the delicate balance between knowing what you want and embracing flexibility. As a seasoned expert in the field, Victoria shares valuable insights into the importance of having a clear vision when considering law firm acquisitions while also navigating the unexpected twists that demand flexibility in decision-making. Whether you're a current law firm owner seeking expansion or an associate aspiring to step into ownership, this episode provides strategic guidance on aligning your vision with the ever-changing landscape of the legal business. Key Takeaways: The Need for Clarity: Discussion on lawyers often lacking a well-thought-out plan when considering acquisitions. Strategic Thinking: Highlighting the superficial desire for growth versus a strategic, long-term approach. Building the Bigger Vision: Discussing the lack of emphasis on the bigger vision beyond office particulars, size, and profit. Maintaining Vision During Acquisition: Advice on creating a clear vision and staying focused. Remember to hit the like button and subscribe to our podcast to receive ongoing advice and enjoy compelling guests every Thursday! We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/

In this episode, we have the privilege of hearing Ken Hardison's remarkable journey from humble beginnings to becoming a highly successful lawyer and business owner. Ken's narrative is a testament to the power of strategic marketing and business acumen, exemplified by his bold move of borrowing half a million dollars for advertising, resulting in a significant uptick in cases. Throughout the conversation, Ken delves into the challenges he faced, emphasizing the necessity of establishing robust infrastructure and systems to navigate rapid growth. As well as having a client-centric approach. Key Takeaways: 1. The Entrepreneurial Journey: Ken reflects on his personal journey, from founding a law firm to successfully navigating the complexities of entrepreneurship. 2. Building A High-Performing Team: Ken emphasizes the critical role of assembling a team of "A players" for sustained growth. 3. Marketing Strategies for Law Firms: A deep dive into the ever-evolving landscape of legal marketing. 4. PILMMA: Navigating Resources for Law Firm Owners: Introduction to PILMMA and its role in providing resources, coaching, and mastermind groups tailored for law firm owners. PILMMA mastermind program https://www.pilmma.org/mastermind/ We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/