What They Didn't Teach Us About Running a Business in Law School

with Neil Tyra

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Do you ever feel like what you learned in law school didn't prepare you for the world of running a law practice? Law school didn't teach us how to start our practices the right way so we could scale them into a thriving business. We didn't learn how to make sure that our businesses would meet our financial goals and provide the type of lifestyle we deserve. After ten years, I was fed up with struggling in my practice and decided to begin a journey to scaling a

successful practice that would actually allow me to finally live the life I've always dreamed of. I invite you to listen in on the conversations I'm having with some of the most successful solo and small firm practitioners  along with leading business entrepreneurs and share how I am implementing what I am learning. All with the goal of helping you take control of your practice, and your life. This is The Law Entrepreneur.

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391. Living a Technicolor Life with Wendy Meadows

By | November 6, 2023

Today, I am happy to welcome back Wendy Meadows! If that name seems familiar to you, she was a guest back on Episode 307 talking about time management techniques. This time, I am excited to speak with her primarily about her first book: sparkle and GRIT: Live a Technicolor Life by Finally Finding Balance, Escaping Monotony, and Beating Burnout. Honestly, it is one of the best books I’ve read on the subject. Wendy is an attorney, a reformed litigator, a mom, a life coach, and now, a best-selling author. She shares insights into her book, the services she offers, and how law firms can help to coach up their employees. It’s a great conversation, and I hope you enjoy!

In this episode, Neil and Wendy discuss:

  • Wendy’s newest title of Best Selling Author and her new book!
  • Challenges addressed in the book.
  • Building in one anchor, then stacking habits from there.
  • Looking at how you are using your limited time for your highest and best value.

Key Takeaways:

  • Morning routines do not have to start all at once – it is better to start small and with an anchor of just one thing.
  • As a working parent, it is imperative that you start your day before your kids, otherwise, you are starting behind with your day.
  • Your morning routine will evolve as you grow and evolve. You will get to the point that you do it without realizing it because it is just what your body does.
  • Don’t read your email until you are at work – whatever that looks like for you.

“Not one of us is perfect. You can follow a morning routine more often than not, and start good habits as early as tomorrow.” — Wendy Meadows


Get in touch with Wendy Meadows:

Website: https://wendysmeadows.com/

Email: wendy@wendysmeadows.com

Instagram: https://www.instagram.com/wendy_s_meadows/

Facebook: https://www.facebook.com/Wendy-S-Meadows-Life-Coach-100523765698021

LinkedIn: https://www.linkedin.com/in/wendy-sare-meadows-ba80285/

Check out her new book here:

sparkle & GRIT: Live a Technicolor Life By Finally Finding Balance, Escaping Monotony, and Beating Burnout: https://wendysmeadows.com/home/book/

If you missed it, take a listen to our first episode with Wendy here: https://thelawentrepreneur.com/episodes/307-time-management-in-life-coaching-and-law-with-wendy-meadows/

Thank you to our sponsors!

  • Ruby Receptionist – Virtual receptionist & live call services that will help you grow your office (and save money), one call at a time – to learn more, go to https://get.ruby.com/TLE or call 844.311.7829
  • The Net Profit CFO – Ryan Kimler works with attorneys who want to enjoy higher net profits without working longer or harder. With just 9 Simple Numbers, Ryan will help you drive more profit to your bottom line – and he won’t confuse you with all the details! Connect with Ryan at www.netprofitcfo.com.


Get in touch with Neil:

Website: https://thelawentrepreneur.com/

Twitter: https://twitter.com/lawentrepreneur

Facebook: https://www.facebook.com/thelawentrepreneur/?ref=hl

LinkedIn: https://www.linkedin.com/in/tyralawfirm/


If you’ve enjoyed the podcast, please head to Apple Podcasts and leave a rating & review for the show! It only takes a moment, and really helps me to reach new listeners. You can also head to the website at TheLawEntrepreneur.com for more information on the podcast and my legal services.



Show notes by Podcastologist Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.

Listen to the episode here

390. Exit Strategies for Law Firms with Christine McDannell

By | October 30, 2023

Today, my guest is Christine McDannell. Christine is a mergers and acquisition specialist and advisor. I wanted to have her on the program today to talk about a subject area that we solo and small firm practitioners don’t spend an awful lot of time thinking about – exiting the profession. And I’ll freely admit, I’m getting to that point in my life where I’m starting to give that some thought. Having Christine on today, we explore some of the issues about possibly selling a practice or transitioning out of a practice, what we should be doing, how we should be structuring that process, and what I thought would be something that a lot of other folks would like to listen to as well.

In this episode, Neil and Christine discuss:

  • Exiting and selling your law firm, no matter how your firm is set up (even if you are a true solo). 
  • Different transfer-out strategies and approaches. 
  • Positioning your firm as a target for selling. 
  • Pros and cons of acquisition for both seller and buyer. 

Key Takeaways:

  • Many lawyers just fade out when they are ready to retire, but that is not typically the best option for your employees or your clients. 
  • If at all possible, you do not want any negative reviews online, especially if you are looking to sell your firm. 
  • Even without a brick-and-mortar building, you will still have assets that can be sold – client lists, ongoing revenue, retainers, etc. 
  • There are creative options for selling firms, including combining with other law firms for a larger, more tempting package for another lawyer or firm to acquire. 

“Above and beyond everything is reputation, no matter what. The second would be net profit and your team.” —  Christine McDannell

Get in touch with Christine McDannell:

Website: https://themagnoliafirm.co/ 

Twitter: https://twitter.com/themagnoliafirm 

Facebook: https://www.facebook.com/themagnoliafirmco 

LinkedIn: https://www.linkedin.com/in/christinemcdannell/ 

Instagram: https://www.instagram.com/themagnoliafirm 

Thank you to our sponsors!

  • Ruby Receptionist – Virtual receptionist & live call services that will help you grow your office (and save money), one call at a time – to learn more, go to https://get.ruby.com/TLE or call 844.311.7829
  • The Net Profit CFO – Ryan Kimler works with attorneys who want to enjoy higher net profits without working longer or harder. With just 9 Simple Numbers, Ryan will help you drive more profit to your bottom line-and he won’t confuse you with all the details! Connect with Ryan at www.netprofitcfo.com.

Get in touch with Neil:

Website: https://thelawentrepreneur.com/

Twitter: https://twitter.com/lawentrepreneur

Facebook: https://www.facebook.com/thelawentrepreneur/?ref=hl

LinkedIn: https://www.linkedin.com/in/tyralawfirm/

If you’ve enjoyed the podcast, please head to Apple Podcasts and leave a rating & review for the show! It only takes a moment, and really helps me to reach new listeners. You can also head to the website at TheLawEntrepreneur.com for more information on the podcast and my legal services.

 Show notes by Podcastologist Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.

Listen to the episode here

389. Getting the Most from Your Next Conference with Janet Falk

By | October 23, 2023

I am pleased to welcome back, Janet Falk. While we talked previously about PR in episode 199, in our conversation today, we’re going to talk about another aspect of services that she provides – marketing and communications services. Specifically, we’re going to address the 25 things you should do to get the most out of the next conference you go to, whether it’s a legal conference, a bar association meeting, or some other public event where you’re going to be in and around people. Janet has a lot of great tips, but there are a couple that really blew me away that I think are completely exceptional and really relevant for us, as solo practitioners. 

In this episode, Neil and Janet discuss:

  • How public relations has changed in a post-COVID world. 
  • Understanding who might be a good networking contact for you. 
  • Building a better business card (or business card substitute). 
  • Maximizing your time at the conference (hint – it requires pre-prep and follow-up). 

Key Takeaways:

  • You need to be available and present in the spaces people are in – comment on LinkedIn, connect through the virtual world, and be willing to meeting digitally. 
  • While the speakers are great, connect with others who are attending the conference – get to know them and use it as a networking opportunity. There is value in the transition periods and socials.
  • Finding commonalities with other people is a great way to introduce yourself and make an initial connection with someone you’re wanting to meet or reconnect with. 
  • Turn off devices and strike up conversations with those around you. There are opportunities all around you at conferences if you are open and aware of them. Alternately, use your device to take selfies with others as a later connection point. 

“I think that a lot of people would do well to have, either in addition to or as a substitute for a business card, this business card sized item that they can give away.” —  Janet Falk

Get your Falk Four-Panel Business Card Giveaway PDF Here! – https://www.dropbox.com/scl/fi/e1iymlm11v0mfa9dpqnzb/Falk-Four-Panel-Business-Card-Giveaway-Attorney.pdf?rlkey=z8syqqfk9t0patpu0xnbvjzii&dl=0 

Get in touch with Janet Falk:

Website: https://janetlfalk.com/ 

Twitter: https://twitter.com/JanetLFalk 

Facebook: https://www.facebook.com/falkcomms/ 

LinkedIn: https://www.linkedin.com/in/janetlfalk 

If you missed it, check out the previous episode with Janet here! https://thelawentrepreneur.com/episodes/ep-199-how-to-grow-your-practice-using-public-relations-with-janet-falk/ 

Thank you to our sponsors!

  • Ruby Receptionist – Virtual receptionist & live call services that will help you grow your office (and save money), one call at a time – to learn more, go to https://get.ruby.com/TLE or call 844.311.7829
  • The Net Profit CFO – Ryan Kimler works with attorneys who want to enjoy higher net profits without working longer or harder. With just 9 Simple Numbers, Ryan will help you drive more profit to your bottom line-and he won’t confuse you with all the details! Connect with Ryan at www.netprofitcfo.com.

Get in touch with Neil:

Website: https://thelawentrepreneur.com/

Twitter: https://twitter.com/lawentrepreneur

Facebook: https://www.facebook.com/thelawentrepreneur/?ref=hl

LinkedIn: https://www.linkedin.com/in/tyralawfirm/

If you’ve enjoyed the podcast, please head to Apple Podcasts and leave a rating & review for the show! It only takes a moment, and really helps me to reach new listeners. You can also head to the website at TheLawEntrepreneur.com for more information on the podcast and my legal services.

Show notes by Podcastologist Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.

Listen to the episode here

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