LAWsome by Consultwebs

To Sell or Not to Sell: The Financial, Cultural, and Emotional Reality of Private Equity

Have you ever thought about selling your law firm? In today's episode of LAWsome, co-hosts Tanner Jones and Matt Smyers chat with the CEO of Vista Consulting, Tim McKey, about selling a law firm. Tim talks about how you can run an effective, efficient, and valuable firm while preparing for a sale that will fit your needs and those of your family in the long run. Tim started his company with a friend named Chad Dudley, who was the COO of a company Tim was working with. Later, Chad left Vista and opened his own firm. Now, Tim is the CEO of an operational and strategic consulting firm whose goal is to help law firm owners through every step of selling or deciding whether or not they want to sell at all. Tim talks about the steps you can take now to improve your business and become a well-oiled machine that attracts potential investors. He explains the emotional side of deciding to sell and the thought process that will help you determine what is best for you and the people around you. He also mentions the lessons he has learned from other deals he has seen and personally made. Tune in to the latest LAWsome episode to find out more. You can connect with Tim on his Website [https://vistact.com/] and on his LinkedIn [https://www.linkedin.com/in/timmckey/]. TLDR: In this episode, you will learn about * How to decide if you want to sell your firm or not * How to make your firm more efficient and appealing to investors * What other law firms went through when selling their firm

Domestic Abuse and Professional Responsibility: A Leadership Conversation

In this episode of LAWsome, we are discussing one of the most important topics we've ever covered on the podcast: domestic abuse. This issue is much more common than people think, even in high achievers, community leaders, and successful individuals. Co-hosts Tanner Jones and Matt Smyers sit down with the Founder and CEO of Lee Consultants, Amanda Lee, to speak about the responsibility leaders have in creating a safe environment where the topic can be discussed. Amanda Lee was a trial attorney for 20 years, working in various areas, including organizations and non-profits that dealt with sexual abuse. For over a decade, while she built her career and became the successful woman she is today, she was a victim of domestic abuse. After she left that situation, she realized there was a large gap in not only knowledge but also resources for successful women in her situation. She built Lee Consultants to help others in similar situations. Amanda shares information and actionable steps to take in helping raise awareness in the workplace, and offers resources to help. Tune in to this episode of LAWsome to learn why domestic abuse can be difficult to notice in legal professionals, how to better understand how you can help successful individuals who may be experiencing it, and how to challenge the narrative and stigmas associated with it. You can connect with Amanda on her Website [https://www.theleeconsultants.com/] and on her LinkedIn [https://www.linkedin.com/in/amanda-lee-c/]. TLDR: In this episode, you will learn about * What steps should be taken in the workplace to raise awareness * How to foster a safe environment to speak about the topic * Resources for individuals who may be in domestic abuse situations

What You Don't Know Can Hurt Your Case: The Power of Digital Investigation

Have you ever worked on a case that you thought could be more, but the evidence feels just out of your reach? LAWsome co-hosts Tanner Jones and Matt Smyers invite Michael Seely, co-founder of Spear Investigations, to share the advantages of working with a private investigator. Michael was first introduced to the legal industry when he shared information with an attorney friend. He then realized how powerful private investigators can be for law firms and created his business. Michael discusses how private investigators can help lawyers improve their cases by providing more information, taking certain tasks and responsibilities off the firm to lighten their workload, managing time, and improving the case itself. Don't miss out! Listen to the latest LAWsome episode today. You can connect with Michael on his Website [https://spearinvestigations.com/] and on his LinkedIn [https://www.linkedin.com/in/mike-seely/]. TLDR: In this episode, you will learn about * How private investigators can improve the speed and quality of your case * How private investigators can lighten the workload in your firm

From Pressure to Peak Performance: Building Healthier, Higher-Functioning Law Firms

Running a law firm can be exhausting. Have you found yourself making less time for mental health while running your practice? Co-hosts Tanner Jones and Matt Smyers chat with Lexlee Overton, Trial Lawyer, Executive Coach, and Founder of Mind Over Law, about best practices to create emotional stability in yourself and your firm, as well as increase productivity and morale. Lexlee grew up around the law. Her father was a trial lawyer and practically raised her in the office. Once she graduated from law school, she went straight into the courtroom. Over her 30 years as a lawyer, she has experienced everything from a health scare due to stress to striving to achieve one goal after the next. So she founded Mind Over Law to help guide other attorneys to learn the best way to take care of themselves and their companies. Lexlee talks about several methods to improve morale, productivity, and mental health. She mentions breathing techniques, personal and professional plans, and how to have a mindset that can improve your work and home life. Don't miss out on these methods to improve your law firm and your mindset. Listen to the latest LAWsome episode today! You can connect with Lexlee on her Website [https://mindoverlaw.com] and on her LinkedIn [https://www.linkedin.com/in/lexleeoverton/]. TLDR: In this episode, you will learn about * Best practices to prevent burnout * How the right mindset can improve your firm's productivity * The importance of morale in the workplace

Ignorance Isn't Bliss: Facing the Financial Truths in Your Law Firm

As the owner of your law firm, are you satisfied with how much you make monthly? If the answer is no, would you like to fix that? In today's LAWsome episode, co-host Tanner Jones and Matt Smyers welcome Brooke Lively, author and founder of Cathedral Capital, to talk about the best practices for law firms looking to maximize profit and manage spending. Brooke began her career by managing her family's law firm. She soon realized that they needed help with the financial side of things and hired an agency to learn how to master their finances. After realizing other attorneys often faced the same issue, she opened her own business, Cathedral Capital, to help guide law firms through making better financial practices. Brooke shared many tools and useful mindsets with us. Some of them include: having a line of credit, no matter how big your last settlement was, and the importance of understanding your average case, so you can roughly estimate when you will be profitable and when you will not. Brooke also keeps her eye on not just the short-term finances but the long-term as well. These are just the highlights! Brooke has shared some amazing ideas with us, so listen to the latest episode today so you can be confident in understanding the finances of running a law firm. You can connect with Brooke on her Website [https://brookelively.com/] and on her LinkedIn [https://www.linkedin.com/in/brookelively/]. TLDR: In this episode, you will learn about * The importance of a line of credit * How to pay your employees while ensuring a lovely retirement for yourself * Understanding how your average case length impacts your revenue