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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395. Starting Your Solo Law Firm with Jason Rice

By | December 4, 2023

Jason Rice is a solo practitioner up in the beautiful state of Maine, having left the Sunshine State of Florida to pursue his illegal practice near his wife’s hometown was a matter of fact, and he has a family law practice there called Dirigo Divorce. One of the planning tools he used in preparation to go solo was listening to this podcast and recommendations, and so that’s very gratifying for me to hear. So I’m thrilled to have him on and to talk about his journey. And as you will see, it’s one that I think many of us can relate to, and find inspiration in.

In this episode, Neil and Jason discuss:

  • Skills that can help you be a great family law attorney. 
  • Collaborative law and mediation. 
  • Making the decision and preparing to go solo. 
  • How the current housing economics have affected marital homes in divorces. 

 

Key Takeaways:

  • No two cases are alike in family law – each family and individual is unique and has their own story that needs to be reflected in the solution. 
  • Private mentorship in solo and small firms can help newer attorneys to understand the practice and, eventually, grow their own firms. This would help both the mentor and the mentee. 
  • Technology has helped to level the playing field for new attorneys looking to go solo. 
  • Working with virtual assistants, remote answering services, and other such staffing options can help you to grow your law firm with less in-person staff than you would have needed previously. 

 

“I don’t want to become a big law firm, but the technology has really allowed and afforded me the ability to run a practice almost at the same level I was at and where I have seen others at with multiple staff members.” —  Jason Rice

Get in touch with Jason Rice:

Website: https://www.dirigo-divorce.com/ 

Email: jrice@dirigo-divorce.com 

Twitter: https://twitter.com/JasonRiceESQ 

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

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

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


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

394. The Restaurant Lawyer with Sean Morris

By | November 27, 2023

This is a classic re-run of my episode with Sean Morris.

Neil chats with Sean Morris about his experience as a primary authority in the restaurant community of Washington D.C., as well as their experience as co-graduates of The Catholic University of America.

Get in touch with Sean Morris:

Website: https://morrisesq.com/ 

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

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

393. Responsible Mining and Responsible Law Firm Ownership with Peter Smith

By | November 20, 2023

Today, my guest, Peter Smith, founded a law firm in beautiful Coeur d’Alene, Idaho. Peter’s firm does a number of things, but much of it is centered around the mining industry. While we don’t often talk about specific areas of law on the show, but today it is a fascinating conversation touching on the starting of Peter’s firm that focused on creating a different kind of firm, mining law, real estate, and so many other things. It’s a great conversation that everyone can take something from. I hope you enjoy! 

In this episode, Neil and Peter discuss:

  • Staking a mining claim, and how mining ties in with business and real estate. 
  • Running your law firm as a business and treating your employees with respect. 
  • Creating mentor/mentee relationships in your firm. 
  • Evolving your law firm as technology and situations change. 

 

Key Takeaways:

  • There is a larger process to actually mining on claimed land that involves multiple groups of people, including the indigenous tribes of the area. 
  • Most mining projects today go through vigorous processes to ensure minimal impact on the environment in a way that was not done in the previous centuries. 
  • Paying forward in life is what it is all about. 
  • Engage your younger attorneys (and even interns) into the work from the beginning and let them follow through on things. It will benefit the business but also benefit the attorney. 

 

“If you ask the lawyers that work here, I think they get a real, meaningful experience and they feel very supported. Anyone, at any time, can ask for help from anyone else, and I think they’re always willing to give it. And that’s something that we defend that vigorously.” —  Peter Smith

Get in touch with Peter Smith:

Website: https://www.smithmalek.com/ 

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

Twitter: https://twitter.com/smith_malek 

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

LinkedIn: https://www.linkedin.com/company/6470576/admin/ 

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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