Law Deals: Succession Planning, Partnerships, Purchases, and Sales Ed Alexander

Join us for Episode 10 of the Law Deals Podcast, where we chat with Victoria Collier, a seasoned attorney and entrepreneur. Victoria began her career in the Air Force before opening her own law firm straight out of law school, eventually pioneering Veterans Benefits for Seniors in elder law. She ran her successful firm for 18 years, then strategically sold it to focus on new ventures. In this episode, Victoria shares her journey from building to selling her firm, and the strategic moves that made her firm both valuable and salable. She’ll also discuss her current work, coaching attorneys on how to effectively grow and potentially sell their firms. Whether you’re looking to scale your practice or plan an exit, Victoria’s insights are invaluable. Tune in to learn how to position your firm for success, and find more from Victoria at https://quidproquolaw.com/.

In the ninth episode of The Law Deals Podcast, host Ed Alexander sits down with Attorney Jordan Ostroff, a dynamic figure in the legal field whose career trajectory took a fascinating turn from state attorney to law firm owner. Jordan shares the story of his transition, offering listeners an intimate look at the challenges, surprises, and ultimately, the rewards of purchasing and revitalizing a law firm. Tune in to explore the complexities and triumphs of buying your own law firm through Jordan’s narrative. Join Ed and Jordan for a conversation that's as educational as it is encouraging, shedding light on the possibilities that await beyond the traditional legal career paths.

Join us in Episode 8 of the Law Deals podcast with your host, Ed Alexander, as we delve into the crucial topic of The Conversation when selling your law firm. This episode explores the vital dialogue every firm owner must initiate with their associates when considering the sale of their practice. Ed Alexander navigates the complexities of this conversation, highlighting the importance of transparency, clarity, and sensitivity in addressing the concerns and aspirations of associates. From aligning expectations to fostering a culture of trust and collaboration, this episode equips both firm owners and associates with the tools needed to navigate the transition process smoothly. Tune in to Episode 8 of the Law Deals podcast with Ed Alexander, and discover the essential steps to initiate "The Conversation" that will shape the future of your law firm.

In this enlightening episode of "Law Deals," we delve into the intricate world of goodwill in the legal industry, an asset as intangible as it is valuable. As we unpack the essence of goodwill, we explore its critical role in the valuation and success of law firms and businesses alike. Discover how goodwill, often hidden in plain sight, can significantly impact a firm's reputation, client loyalty, and ultimately, its market value. We tackle the complex questions surrounding the quantification of goodwill and the legal frameworks that govern it. From the ethical considerations in its transfer to the strategic decisions behind its enhancement, this episode is a deep dive into the intangible yet indispensable asset that can make or break a law firm's legacy.

Unlock the Secrets to a Successful Strategy with Episode 6 of the Law Deals Podcast, hosted by Ed Alexander. In 'How Your Firm Compensation Can Crater Your Exit,' Ed dives into the crucial yet often overlooked aspect of employee compensation and its pivotal role in your firm's future. Learn from industry experts about designing a compensation plan that not only motivates your team but also secures the sustainability of your practice. Discover the common pitfalls to avoid and walk away with actionable strategies that align with your firm's goals. Whether you're planning to retire, sell, or pass on the reins, this episode is your guide to ensuring a smooth and profitable transition. Transform your firm's exit strategy from daunting to doable with Episode 6 of the Law Deals Podcast.

In the fifth episode of the Law Deals podcast, titled "The Need for a Second Act," we tackle the crucial yet often overlooked aspect of succession planning for legal professionals: what comes after selling your law firm. This episode emphasizes the importance of having a post-retirement plan, exploring the diverse opportunities and challenges that come with stepping away from a lifelong career in law. We discuss how to prepare for this significant life transition, ways to find purpose and fulfillment beyond the legal sphere, and strategies to ensure a smooth and rewarding shift into your 'second act.' Whether you're nearing retirement or just planning ahead, this episode is a must-listen for anyone contemplating life after their legal career.