How To Sell A Law Firm feat. Victoria Collier

You Are A Lawyer: Take Risks and Change Careers in Law

Victoria Collier, a lawyer and founder of Quid Pro Quo, specializes in helping lawyers buy and sell law firms, as well as coaching law firms on how to build value and become sellable in the future. In this conversation, Victoria shares her journey of selling her own law firm, the importance of education and options in the legal industry, and the power of niching down and finding your expertise within a niche. Tune in to gain valuable insights into the world of law firm buying and selling.

Lawyer Side Hustles

Quid Pro Quo, founded by Victoria Collier, is a unique business that specializes in helping lawyers buy and sell law firms. With a focus on providing coaching, valuations, and guidance on building law firms with future sellability, Quid Pro Quo offers a comprehensive range of services to support lawyers in their transition. Victoria's own experience of selling her law firm in 2020 and her early success in helping others sell their firms inspired her to start the business. Through her podcast, Smart Lawyers Position to Transition, Victoria aims to educate lawyers about their options and the process of selling a law firm. She emphasizes the importance of positioning oneself for a successful sale and highlights the various ways lawyers can exit their firms, whether by stepping back from their role or completely exiting the firm.

“I want them to know that they have options, that there is no one way to exit… I want people to get out of the podcast is number one is that you have options, you have so many options and number two is that there are things that you can and should do to position yourself to sell that you can't just wake up one morning and say, I don't want to do this anymore and think that people are going to be knocking on your doors,” explains Victoria Collier in Episode 121 of You Are a Lawyer.

Quid Pro Quo's mission is to empower lawyers with the knowledge and resources they need to make informed decisions about their law firms and successfully navigate the process of selling or transitioning their practices.

LISTEN TO LEARN

• The valuation process for selling a law firm
• Different ways to exit a law firm
• The importance of education and options when it comes to selling law firm

WE ALSO DISCUSS

• Adapting leadership skills for virtual teams
• The process of selling a law firm using Facebook
• Finding a niche area of law

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