Episoder
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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 areasâand what actionable steps they can take today to create a more valuable, sell-ready law firm.
Listen now to learn more about leveraging your financials to build a profitable, scalable, and sell-ready firm.
Key Takeaways
1.â â Understanding Labor Costs: Learn how labor costs, if left unchecked, can quickly eat into profit marginsâand what to consider when analyzing the true cost of staffing.
2.â â Efficient Billing & Systems: Discover why consistent billing practices and streamlined systems are essential to maximizing profit, freeing up time, and avoiding costly inefficiencies.
3.â â P&L for Better Valuation: Victoria explains how even modest profit percentage improvements can significantly impact your firmâs valuation and set you up for a profitable sale.About the Victoria Collier
Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.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.
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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/
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In todayâs 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 Spencerâs transition from tech to investment and discuss strategies law firm owners can use to align their money with their life goalsâwithout getting bogged down in active management.
Key Takeaways
1.â â Goal Setting Is Essential â Establishing specific, long-term financial goals creates a strong foundation for successful post-sale investing.
2.â â Passive Income Opportunities â Real estate and alternative investments can offer reliable, passive income with the right planning and partnerships.
3.â â Donât Reinvest Without Reflection â The initial exit strategy is just the first step; carefully selecting how to allocate your proceeds can enhance security and satisfaction over the long term.About Our Guest
Spencer Hilligoss is a passive investor who has deployed 7-figures of his own capital into passive investments in the past 6 years. In 2019, Spencer retired from a 13-year career in Silicon Valley tech companies in order to give full focus to serving fellow investors in Madison Investing - a club where passive investors gain access to the same types of alternative investment opportunities where Spencer deploys his own capital.
Spencer lives with his family in Alameda, California - is a proud father of two, graduate of the University of Colorado and member of the Forbes Business Council.For more about Spencer and Madison Investing, visit madisoninvesting.com.
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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.
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https://quidproquolaw.com/
Private Facebook Group
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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 youâre looking to grow, sell, or streamline your firmâs operations, this episode offers a blueprint to make it happen.
Key Takeaways
1.â â Discover the first essential steps to establish a sustainable and scalable law firm model.
2.â â Learn how data-driven decision-making can reveal unexpected growth opportunities.
3.â â Get actionable advice on transforming client intake to improve lead quality and retention.
About Our Guest
Philip Fairley is the president and owner of The Rainmaker Institute, a marketing and client generation firm dedicated exclusively to law firms. With a background in tech entrepreneurship, Philip joined Rainmaker after selling his own companies, bringing fresh perspectives on data and client conversion to the legal space.Under his leadership, Rainmaker has co-developed innovative tools like Turbine, a platform that automates client intake, and Rainalytics, a tool for data-driven decision-making. Philipâs mission is to help law firms scale by integrating data, improving intake, and creating operational systems that support a sellable, lifestyle-focused business model.
Learn more about The Rainmaker Institute
http://www.rainmakerretreat.com/
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Connect with Victoria Collier
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Private Facebook Group
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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 ownerâsharing 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 of exiting her firm. This isnât just another episodeâitâs an intimate, behind-the-scenes look at how even the most successful lawyers can find themselves ready for a new chapter.
Key Discussion Points
â˘â â Burnout or Time to Leave?: How to tell if youâre experiencing temporary burnout or ready for a bigger change.
â˘â â Listening to Your Body: Victoria explains how physical symptoms can be signals of deeper issues at work.
â˘â â Situational vs. Inherent Discontent: When life events clash with your work, how do you know if it's situational or something more permanent?
â˘â â The Moment of Clarity: A pivotal realization that led Victoria to finally decide to leave her firm.
â˘â â The Emotional Journey: The challenges of letting go of a successful practice and the identity that comes with it.
â˘â â Whatâs Next?: How selling one law firm led to Victoriaâs next big entrepreneurial ventures.About Victoria
Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.
We want to hear from you!
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Connect with Victoria Collier
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Private Facebook Group
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LinkedIn
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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
â˘â â The evolving role of AI and technology in disrupting traditional law practices.
â˘â â The importance of embracing change and adapting to new marketing tools.
â˘â â How purpose-led decision-making leads to better outcomes for firms and individuals.
â˘â â Jackâs advice on goal-setting, collaboration, and aligning decisions with values.
â˘â â Mentorship's critical role in navigating industry changes, especially for younger lawyers.Guest Information
Jack Flaherty is a coach, consultant, and author specializing in leadership and decision-making strategies. His book The Decision Switch focuses on the principles that guide successful personal and professional decisions. Jack works with law firms and other professional service industries to foster growth through purposeful leadership.Resources Mentioned
â˘â â Jack Flahertyâs book: The Decision Switch (Available on Amazon)
â˘â â Jackâs website: thedecisionswitch.comWe want to hear from you!
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Connect with Victoria Collier
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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 youâre 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 enhance your firm's value and make it a more attractive investment.
3 Key Takeaways
1.â â The crucial role conversion rates play in determining law firm value.
2.â â Why buyers should ask about conversion ratesâand not just focus on revenue and profit.
3.â â The impact of practice area differences on sales conversion rates and what that means for valuations.About the Victoria Collier
Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.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
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LinkedIn
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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 youâre just starting out or looking to scale your law firm, this episode is packed with practical advice on leadership, marketing, and sustainable growth.
Key Takeaways:
1.â â Entrepreneurial Mindset Shift: Charley discusses how many law firm owners hesitate to embrace their entrepreneurial identity, but doing so is key to unlocking firm growth.
2.â â Referral Marketing Essentials: Charleyâs three-part referral marketing planâmeetups, email newsletters, and monthly printed materialsâcan help law firms build strong, sustainable growth.
3.â â Overcoming Growth Plateaus: If your firm has hit a growth plateau, itâs likely because you need to refocus on one of three key areas: marketing, operations, or finances.About Our Guest:
Charley Mann is the host of "They Don't Teach This in Law School" and founder of Law Firm Alchemy, a company dedicated to providing resources and coaching for law firm growth. With over 14 years of experience in the legal industry, Charley guides law firm owners in optimizing their practices and achieving success. He emphasizes the importance of networking, providing value, and maintaining strong client relationships, focusing on both business operations and personal growth. Known for his approachable demeanor and deep industry knowledge, Charley values integrity, transparency, and genuine connections. -
In this special Life After LawÂŽ 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 selves during times of change. If youâre considering life after law or looking to create a meaningful transition, this episode offers invaluable insights and strategies for the journey.
Key Takeaways:
1.â â Transitions Are Constant: Life is full of transitions, whether planned or unplanned. Embracing the journey, rather than resisting it, can lead to personal and professional growth.
2.â â Build Your Outer Circle: Having a strong support system, including therapists, coaches, and supervisors, is essential for lawyers to navigate burnout and emotional challenges in their careers.
3.â â Reconnect with Your True Self: One of the most critical aspects of making a successful transition is understanding and nurturing your relationship with yourself. Personal reflection and seeking alignment with your true passions are key to finding fulfillment.About Our Guest
Lora McInturf is a former lawyer who pivoted from big law to coaching after traveling the world as an expat. Specializing in professional supervision, Lora works with lawyers and other professionals to help them manage burnout, build resilience, and rediscover their purpose. She is passionate about fostering authentic relationships, both with oneself and others, to enable personal growth and career satisfaction. Lora has authored reflective writing journals for coaches and lawyer coaches, and she continues to inspire professionals to embrace change and take charge of their transitions.For more insights from Lora, be sure to check out her reflective writing journals and connect with her through the links provided in the episode.
Connect with Lora
LinkedIn: https://www.linkedin.com/in/theinneradvocate/Instagram: https://www.instagram.com/the_inner_advocate/
Facebook: Lawyers Coaching Lawyers - International Network Women Expat Lawyers and Law Students
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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 youâre looking to grow your law firm or planning for life after law, Tysonâs insights into building value through community are invaluable.
Key Takeaways:
1.â â Community is Key: Tyson emphasizes the importance of creating and nurturing a community, whether itâs among clients, peers, or colleagues. Building deep relationships helps foster growth and long-term success.
2.â â Give More Than You Take: In any community, itâs crucial to contribute and provide value to others. When you offer support and share your knowledge, youâll find that others are more willing to help in return.
3.â â Authenticity is Everything: Success in any community comes from being genuine and vulnerable. Bringing your true self to the table helps build stronger connections and leads to both personal and professional growth.About Our Guest:
Tyson Mutrux is the founder of the Mutrux Firm, a personal injury law firm, and the co-founder of the Maximum Lawyer Guild, a community designed to help lawyers improve their practices through education, collaboration, and support. With a background in marketing, law, and the military, Tyson brings a unique perspective on building value through relationships and giving back to the community. He co-hosts the Maximum Lawyer podcast, which has grown into a global community of legal professionals.Maximum Lawyer Guild membership: www.maxlawguild.com
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Connect with Victoria Collier
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Private Facebook Group
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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 (Sellerâs Discretionary Earnings). These metrics are more than just finance jargonâthey 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 picture of your businessâs financial health, especially when preparing for a sale. Whether you're a seller looking to maximize your firm's value or a buyer evaluating a potential purchase, understanding these valuation tools is key.
Key Takeaways
1.â â The limitations of EBITDA and how it can skew business valuation results.
2.â â Why SDE provides a more accurate financial picture for small businesses and law firms.
3.â â How to use both metrics strategically when valuing a business for sale.About Victoria Collier
Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.
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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/
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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.â â The Importance of Financial Frameworks: Terrell goes into why a solid financial foundation is crucial for law firms, often overlooked despite being essential for long-term success.
2.â â Simplifying Finances for Lawyers: Discover how Terrell breaks down complex financial concepts into five key metrics, empowering law firm owners to make informed decisions and drive profitability.
3.â â The Law Firm Revenue Calculator: Learn about the innovative tool Terrell developed to help law firms set and achieve realistic financial goals by breaking down revenue targets into manageable steps.About Our Guest:
Terrell Turner is a CPA and the founder of the TLTurner Group, where he focuses on helping law firms across the country better understand their financial health. With a background in corporate finance, Terrell is passionate about making accounting accessible and less intimidating for lawyers, enabling them to achieve their financial goals with confidence.
Get your Free Revenue Calculator Tool at: https://www.tlturnergroup.com/lawfirm-revenue-calculator-free
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Connect with Victoria Collier
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Private Facebook Group
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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 Takeaways
1.â â The Importance of a C-Suite Team: Learn why a C-suite might be essential for scaling your law firm to a multi-figure business and how it can impact your firm's efficiency and growth.
2.â â Balancing Growth with Personal Freedom: Discover strategies for growing your firm while also creating more personal time, and why it's crucial to avoid filling your increased revenue with just more business tasks.
3.â â Defining Your Firmâs Needs: Understand how to assess whether your firm needs a full C-suite, a leadership team, or a more streamlined structure based on your long-term goals and desired lifestyle.About Our Guest
Allison Williams is the founder of Law Firm Mentor, a business coaching service dedicated to helping lawyers grow their revenue, streamline operations, and maximize profitability. With a background in guiding law firms through various stages of growth, Allison and her team offer personalized coaching and resources designed to transform law practices into thriving enterprises. She is also the founder of Williams Law Group, a full service family law firm. For more information about Law Firm Mentors programs and services visit https://bit.ly/3STVcgMWe want to hear from you!
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Connect with Victoria Collier
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Private Facebook Group
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LinkedIn
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In this episode of our special series, Life After Law,ÂŽ 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 constitutional amendments, Rebecca offers a wealth of insight into how legal skills can be applied to make a significant impact in various fields. Tune in to discover how you can leverage your legal background to find renewed purpose and passion in life after law.
Key Takeaways:
1.â â Lawyers possess transferable skills that are highly valuable in non-legal roles, particularly in community-focused projects.
2.â â Understanding and teaching history through creative methods can make complex legal concepts accessible and engaging for diverse audiences.
3.â â Involvement in community groups as a participant, rather than as a legal advisor, allows lawyers to contribute meaningfully while pursuing personal interests.About Our Guest:
Rebecca Bratspies is a renowned law professor, author, and historian with a deep commitment to environmental justice and civic education. She is the creator of a series of environmental justice comic books used in New York City public schools to teach students about civics and the law in an engaging and accessible way. Rebeccaâs latest book, "Naming Gotham," delves into the history of New York City by exploring the people behind the names of the city's infrastructure, offering readers a fascinating glimpse into the past.
Explore Rebecca Bratspies' Work:
The Environmental Justice Chronicles and The Earth Defenders: Rebecca's comic book series, available for free download, offers an innovative way to teach environmental justice and civics. Access the series at Environmental Justice Chronicles. https://www.rebeccabratspies.com/environmental-justice-chroniclesNaming Gotham: The Villains, Rogues, and Heroes Behind New York Place Names: Purchase your copy here: Naming Gotham on Amazon.
https://www.amazon.com/Naming-Gotham-Villains-Rogues-Heroes/dp/1467151408/ref=sr_1_2?keywords=bratspies&qid=1666987417&qu=eyJxc2MiOiIxLjU1IiwicXNhIjoiMC4wMCIsInFzcCI6IjAuMDAifQ%3D%3D&sprefix=bratspies+%2Caps%2C125&sr=8-2
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Connect with Victoria Collier
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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 actionable steps to help you make informed decisions.
Key Takeaways:
1.â â Financial Flexibility: Discover how strategic real estate investments can provide financial advantages, including long-term wealth building and emergency funds, as illustrated by Victoria's personal experience.
2.â â Market Insights: Gain understanding of current market trends post-COVID, including the continued demand for local, face-to-face business interactions and how it impacts real estate decisions.
3.â â Planning and Preparation: Learn why it's crucial to start planning for a property purchase well in advance of your lease renewal and the steps involved in preparing for a successful acquisition.
About the Guest:
Paul Neal is a seasoned expert in commercial real estate and the author of Un-lease Your Business: Unlock Wealth, Autonomy, and Control by Buying Your Building and Firing Your Landlord. With extensive experience in helping business owners navigate the complexities of real estate transactions, Paul provides invaluable insights into the process of purchasing commercial property.He is also the host of The Brick and Mortar Money Show, a podcast dedicated to real estate investment and business ownership. For more information, and to get a copy of Paulâs book visit ownyourbuildingnow.com.
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Connect with Victoria Collier
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Private Facebook Group
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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.â â Emotional Impact of Selling a Law Firm: Victoria dives into the personal and emotional struggles of letting go and the identity loss associated with selling a law firm.
2.â â Importance of Transition Period: The challenges of staying on during the transition period and the emotional isolation that can arise when the buyer lacks understanding of the seller's emotional journey.
3.â â Strategies for Emotional Transition: Practical advice on focusing on the new owner's success, setting new goals, and recognizing personal patterns of letting go to better navigate the emotional landscape of selling a law firm.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.
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Connect with Victoria Collier
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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:
â˘â â The Importance of Comprehensive Financial Planning
â˘â â Choosing the Right Financial Advisor
â˘â â The Complex Relationship Between Money and HappinessMore About Our Guest:
Jonathan is the President and CEO of Fusion Family Wealth. Behavioral finance is an important aspect of his business and he brings a fresh perspective and clarity on his work with clients. For more than two decades Jonathan has acted as a âtrusted advisor to trusted advisorsâ with deep experience working with accounting and law firms on a wide array of financial services capabilities.Website: fusionfamilywealth.com
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Connect with Victoria Collier
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Private Facebook Group
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In this episode of our Life After LawÂŽ 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
â˘â â Transformative Power of Style: Estelle Winsett discusses how personal style can enhance confidence and professional presence for female lawyers.
â˘â â Authenticity in Fashion: Learn why showing up as your most authentic self through fashion is crucial in the legal profession and how it impacts both personal and professional life.
â˘â â Navigating Style Challenges: Gain insights into the unique fashion challenges faced by women in law and practical tips for overcoming them to create a powerful and authentic professional image.More About Our Guest
Estelle Winsett is an attorney turned personal stylist for female attorneys. Her mission is to empower women lawyers through style so they can show up as their most authentic selves. She helps female attorneys create their signature style so they can stand out from the crowd in all the right ways. She spends most of her spare time in her free Powerhouse Facebook Group as well as LinkedIn and Instagram.
Join her Facebook Group: https://www.facebook.com/groups/powerhousestyle
Get a FREE copy of Estelle's Woman Attorneyâs Guide to Style
https://womenattorneystyleguide.pages.ontraport.net/We want to hear from you!
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Connect with Victoria Collier
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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.â â Proactive Tax Planning: Learn why continuous, year-round tax planning is crucial for maximizing savings and avoiding last-minute stress.
2.â â Business vs. Self-Employed: Understand the key distinctions between being a business owner and being self-employed, and why these differences matter for your financial strategy.
3.â â Choosing the Right Advisor: Discover the importance of selecting tax advisors who respect your decision-making abilities and are willing to explore the gray areas of tax law based on your risk tolerance.About Our Guest:
Adam Williams is the co-owner of Pennywise Tax Strategies, a firm dedicated to creating tailored tax plans that align with clients' individual goals and desires. With a passion for tax strategy that extends into his personal hobbies like race cars, Adam brings a unique and engaging perspective to tax planning. He is also the author of "Everything Your Kids Wish You Knew About Owning a Business," a book filled with lessons from his entrepreneurial journey.
Additionally, Adam hosts "The Maverick Mindset Show," a podcast offering business and mindset advice aimed at entrepreneurs and small business owners.
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/
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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:
Adopting Remote Work: Victoria discusses the significant benefits of hiring virtual staff worldwide, such as reducing overhead costs, increasing profits, and expanding the talent pool.
Avoiding Outdated Practices: Victoria warns against the risks of sticking to outdated methods.
Overcoming Overwhelm: Recommendations for eliminating redundancies, analyzing current processes, setting goals, and adopting best practices to stay updated and avoid resistance to change are provided.
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.
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/
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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:
â Foundational Strategies for Law Firm Growth: Learn the essential steps to establish a strong, scalable foundation for your law firm.
â Balancing Tradition with Innovation: Discover how to blend time-tested practices with modern technologies to enhance your firm's operations.
Maximizing Law Firm Value for Transition: Gain insights into making your law firm more attractive and valuable to potential buyers.
Learn More About Our GuestRuby L. Powers, a Board-Certified immigration attorney and founder of Powers Law Group, P.C., brings over 15 years of expertise to law practice management for small businesses. Ruby's dedication to excellence led her to author AILA's renowned book, "Build and Manage Your Successful Immigration Law Practice (Without Losing Your Mind)," offering invaluable insights for legal professionals.
Tune in to Rubyâs Podcast: Power Up Your Practice: https://podcasters.spotify.com/pod/dashboard/episodes
Keep an eye out for her upcoming book, "Power Up Your Practice."
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/
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