In this episode, host Victoria Collier, goes into the complexities of law firm mergers. As Quid Pro Quo Law works increasingly with larger firms, mergers have become a significant part of the conversation. Victoria shares insights on the process, typical compensation structures, and the role brokers play in bringing firms together. Whether you're considering a merger or simply curious about the topic, this episode offers valuable information for law firm owners. 3 Key Takeaways from the...

In this episode, host Victoria Collier discusses the practical steps lawyers can take to increase their profit margins and, ultimately, their firm's valuation. She shares advice on reading and understanding P&L statements, the importance of efficient labor management, and why marketing dollars must yield a high return to truly benefit the business. Victoria also reveals some common pitfalls that law firm owners face when they overlook critical profit margin areas—and what actionable...

In today’s episode,  host Victoria Collier talks with Spencer Hilligoss, investor in Madison Investing, about what to do after selling your law firm. Spencer shares valuable insights on transforming your sale proceeds into a lasting income stream, exploring how passive investments can open new opportunities for financial freedom. They dive into lessons from Spencer’s transition from tech to investment and discuss strategies law firm owners can use to align their money with their life...

In this episode, Victoria Collier welcomes Philip Fairley, president and owner of The Rainmaker Institute, to explore the transformative impact of effective intake processes and data analytics on law firm growth. Philip shares his journey from tech entrepreneur to law firm marketing leader and provides actionable strategies for building a firm that runs smoothly, scales efficiently, and offers work-life balance for its owners. Whether you’re looking to grow, sell, or streamline your firm’s...

In this one-of-a-kind episode of Smart Lawyers Position to Transition, the roles are reversed as our host, Victoria Collier, steps into the hot seat. For the first time, Victoria opens up about her personal journey as a law firm owner—sharing the highs, the hardships, and ultimately, her decision to step away from the law. Interviewed by her podcast producer, Jen Edds, Victoria candidly reveals what it was like to face burnout, rediscover her purpose, and navigate the emotional complexities...

In this episode, host Victoria Collier talks with Jack Flaherty, author of The Decision Switch, about how lawyers can make purpose-driven decisions to build better firms. They discuss the impact of AI on the legal field, generational divides in marketing, and the value of clear goal-setting. Jack emphasizes the need to align decisions with core values to achieve professional and personal fulfillment, whether growing a practice or preparing for a transition. Key Points •⁠  ⁠The evolving role...

In this episode, host Victoria Collier goes into an often overlooked metric when valuing law firms: the sales conversion rate. She explains how the percentage of consultations that convert into paying clients can significantly affect a firm's revenue and overall valuation. Whether you’re preparing to sell or looking to buy a law firm, understanding this key metric can offer deeper insights into a firm's financial health and growth potential. Learn how boosting your conversion rate can...

In this episode, host Victoria Collier sits down with Charley Mann, founder of Law Firm Alchemy, to discuss how law firm owners can transform their entrepreneurial mindset and build essential business skills. Charley shares insights on overcoming growth plateaus, marketing strategies for law firms at various stages, and the importance of embracing the identity of an entrepreneur. Whether you’re just starting out or looking to scale your law firm, this episode is packed with practical advice...

In this special Life After Law episode, host Victoria Collier sits down with Lora McInturf, a former lawyer turned coach, to discuss navigating personal and professional transitions. Lora opens up about her unique journey from a career in accounting and law to becoming an expat and ultimately finding her passion for coaching. Together, they explore the importance of building a support system for lawyers, the concept of professional supervision, and how lawyers can reconnect with their true...

 In this episode, host Victoria Collier talks with Tyson Mutrux, founder of the Mutrux Firm and co-founder of the Maximum Lawyer Guild. Tyson shares his journey from his military background to law school, to building a successful law firm and a thriving community for lawyers. They discuss the power of connections, the importance of creating a supportive community, and how giving more than you take is essential to building lasting relationships. Whether you’re looking to grow your law firm or...

In this episode, host Victoria Collier goes into the world of business valuations, specifically focusing on two essential metrics: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and SDE (Seller’s Discretionary Earnings). These metrics are more than just finance jargon—they are crucial for accurately valuing your law firm or any small business. Victoria shares practical insights into how these metrics differ and why it's essential to use both to get a complete...

In this episode, host Victoria Collier is joined by Terrell Turner, CPA and founder of the TL Turner Group, to discuss the essential role of finance in law firm success. Terrell, a passionate advocate for simplifying accounting, shares his journey from corporate finance to helping law firms across the country better understand their financial health. Key Takeaways: 1.⁠ ⁠The Importance of Financial Frameworks: Terrell goes into why a solid financial foundation is crucial for law firms, often...

In this episode, Victoria sits down with Allison Williams, founder of Law Firm Mentor, to delve into the critical role of C-suites in scaling a law firm. Allison provides expert insights on when and how to build a C-suite team to transform your firm from a small practice into a thriving multi-figure business. Discover the strategies for effective leadership, balancing business growth with personal time, and creating a robust team structure that supports your firm's long-term success.   Key...

In this episode of our special series, "Life After Law," Victoria Collier sits down with Rebecca Bratspies, an esteemed law professor, author, and historian, to explore how lawyers can transition into fulfilling roles outside the traditional practice of law. Rebecca shares her experiences working on innovative projects that blend law, education, and community engagement. From using comic books to teach environmental justice in New York City schools to collaborating with artists on...

In this episode, Victoria is joined by real estate expert Paul Neal, author of Un-lease Your Business. They explore the transformative potential of buying commercial real estate for your business. Paul shares practical insights on overcoming common obstacles, the advantages of property ownership, and how to strategically approach purchasing real estate. Whether you're considering buying your office space or investing in commercial properties, this conversation offers valuable advice and...

In this episode, we discuss the emotional challenges of letting go with our host, Victoria Collier. Victoria shares her personal experience of selling her law firm and the profound sense of identity loss that followed. She highlights the importance of understanding the grief and emotional process involved in selling a law firm. This episode aims to help you navigate the complexities of your new life after law. Key Takeaways: 1.⁠ ⁠Emotional Impact of Selling a Law Firm: Victoria dives into...

Are you confident in your financial plan for retirement? Join Victoria Collier and Jonathan Blau, founder of Fusion Family Wealth, as they uncover the secrets to effective financial planning tailored for lawyers. From understanding the critical role of insurance to interviewing financial advisors and exploring the intricate link between money and happiness, this episode is packed with actionable insights to help you secure your financial future. Key Takeaways: •⁠  ⁠The Importance of...

In this episode of our “Life After Law” series, host Victoria Collier explores the world of style and self-expression with Estelle Winsett, an attorney turned personal stylist for female lawyers. Estelle shares her inspiring journey from the legal profession to empowering women attorneys to show up as their most authentic selves through fashion. Listeners will gain valuable insights into how personal style can influence professional presence and confidence. Key Takeaways •⁠...

Join us for an engaging conversation with Adam Williams, founder of Pennywise Tax Strategies, as we dive into the world of proactive tax planning and business strategy. Discover how understanding and leveraging tax laws can significantly impact your financial health and business success. Key Takeaways: 1.⁠ ⁠Proactive Tax Planning: Learn why continuous, year-round tax planning is crucial for maximizing savings and avoiding last-minute stress. 2.⁠ ⁠Business vs. Self-Employed: Understand...

In this episode, you will discover, alongside our host, Victoria Collier, the power of remote work and the importance of technological advancements in law firms. Drawing from her own experiences and industry knowledge, she provides actionable advice on leveraging global talent, maintaining control with virtual teams, and overcoming resistance to change. This episode is a must-listen for law firm owners looking to boost efficiency, profitability, and client satisfaction.  Key Takeaways:  ...

In this episode, host Victoria Collier sits down with Ruby Powers, a trailblazing immigration attorney and the visionary founder of Powers Law Group. Ruby brings over 15 years of experience in law practice management and is a respected author in the legal community. In this episode, we explore the critical elements of building a sustainable and sellable law firm, integrating traditional practices with modern innovations.  Key Takeaways:   ⁠Foundational Strategies for Law Firm Growth: Learn...

In this episode of our series "Life After Law", from the Smart Lawyers Position to Transition podcast, host Victoria Collier sits down with Sarah Cottrell, founder of Former Lawyer LLC and host of the Former Lawyer podcast. Sarah shares her journey from practicing law to helping other lawyers transition out of the legal profession. They discuss the common struggles lawyers face, the importance of aligning career choices with personal values, and practical steps for those considering a career...

In this episode of Smart Lawyers Position to Transition, Victoria Collier sits down with Maya Markovich, Executive Director of the Justice Technology Association, to discuss how technology is revolutionizing law firms, transforming them into valuable businesses, and enhancing client service. Maya shares insights from her extensive experience in legal tech, innovation, and change management, highlighting the importance of adopting new technologies and strategies to create more efficient and...

In this episode of the Smart Lawyers Position to Transition podcast, host Victoria Collier sits down with Autumn Noble, the inspiring founder of the Lawyer Life Collective. Autumn, an attorney, speaker, author, and coach, shares her insights on the unique challenges women face in the legal profession. With a focus on navigating firm politics, achieving work-life balance, and finding peace and happiness, Autumn offers invaluable advice for women looking to thrive in their legal careers. Join...