Tag: Business

FEATURE
7 Common Money Mistakes For Attorneys and Law Firm Owners to Avoid (Ep. 15)

7 Common Money Mistakes For Attorneys and Law Firm Owners to Avoid (Ep. 15)

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One of the most important things you can do to ensure a secure financial future is to take proactive steps now to manage your finances. This involves making smart choices in the present that will set you up for long-term success and avoiding financial mistakes that can set you back. 

In this episode, Darren uncovers the most common mistakes attorneys can make that may negatively impact their retirement plans. He also discusses potential roadblocks and the steps you can take to avoid them.

Darren discusses:

  • Savings strategies when you own your own business 
  • What living too large looks like based on your personal circumstances
  • Making sure you don’t miss out on potential tax savings 
  • How to balance paying down debt and investing for your retirement 
  • And more

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FEATURE
What’s A Law Firm Worth? With Serena Amlie, CFA (Ep.13)

What’s A Law Firm Worth? With Serena Amlie, CFA (Ep.13)

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There are any number of reasons to determine the value of your firm, especially if you are planning to sell your practice. But how do you do that? 

In this episode, Darren Wurz talks with Serena Amlie, CFA, a manager at ComStock Advisors, about the process of performing a valuation for a law firm. She also explains what you can do to improve the value of your business to sell it for top dollar.

Serena discusses:

  • Two reasons why law firms get a valuation done 
  • Ways a law firm valuation is different from other businesses
  • Two different methods she typically uses to evaluate the law firm
  • Ways to improve the value of your law practice ahead of sale
  • And more

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Connect With Serena Amile:

About Our Guest:

Serena is a Senior Associate in ComStock Advisors’ Cincinnati office and has performed hundreds of valuations of businesses ranging in size from under $1.0 million in revenues to over $0.5 billion. She assists business owners in determining the value of their company for purposes including succession planning, mergers and acquisitions, employee stock ownership plan implementation and annual updates, estate and gift tax, shareholder disputes, divorce litigation, corporate planning, and appraisal reviews. Highlights of Serena’s valuation industry experience include manufacturing, marketing and branding, architecture and engineering, food and beverage, and construction. Serena is a Chartered Financial Analyst ® and a member of the ESOP Association, the American Society of Appraisers, and the Covington Business Council. She teaches a monthly financial literacy course to high school students at Covington Classical Academy. Serena earned a Bachelor of Business Administration in Finance from Xavier University.

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FEATURE
Law Firm Succession With Thomas Cuni (Ep.12)

Law Firm Succession With Thomas Cuni (Ep.12)

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As a business owner, growing your law firm is one of your priorities. However, what happens when you’re ready to retire or sell your business, do you have a succession plan?

In this episode, Darren Wurz talks with Thomas Cuni from Cuni, Ferguson & LeVay Co., L.P.A. He discusses the importance of having a succession plan and why money isn’t everything when it comes to lawyers deciding when the right time to retire is. 

Thomas discusses:

  • The importance of having a succession plan in place
  • Why most firms might not survive after their founder leaves the business
  • How retirement planning and succession planning go hand in hand
  • Why selling your practice isn’t a retirement plan
  • And more

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Connect With Thomas Cuni:

About Our Guest:

Thomas L. Cuni earned his law degree from the University of Cincinnati, College of Law. He was one of the founding partners of Cuni, Ferguson & Levay Co., LPA, where he currently serves as of counsel. His primary focus throughout most of his career has been the representation of small businesses, especially the formation of companies and purchase and sale of businesses. He has organized several hundred business entities and represented clients in the purchase and sale of more than 200 significant commercial real estate holdings. These skills and experiences led to his current work—helping law firm owners develop succession plans and successfully sell their practices.

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FEATURE
Starting Your Own Practice with Russell Kohn (Ep.8)

Starting Your Own Practice with Russell Kohn (Ep.8)

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Starting an individual practice in law is not an easy step. But will you let that stop you from starting your own business?

In this episode, Darren Wurz talks with Russell Kohn, a personal injury attorney and owner of Kohn Law Office. Russell shares some insights on how he started his practice, turned it into something profitable and built a successful career.

Russell discusses:

  • What encouraged him to initially practice law
  • What inspired him to go out on his own
  • His biggest fears when he was transitioning into a solo practice
  • What marketing strategies are working for him
  • And more

Resources:

Connect with Darren Wurz:

Connect with Russell Kohn:

About Our Guest:

As the founder of the Kohn Law Office, Attorney Kohn has limited his practice to representing injured victims in car accidents, wrongful death, and premises liability matters since 1987. Mr. Kohn is a lawyer for people, and does not represent businesses, corporations or insurance companies.

He enjoys the personal and professional satisfactions that come from helping injured people obtain full and fair compensation. He is a lawyer who empathizes with his clients, and takes the time to understand the unique effects of the injuries to the specific lifestyle of each client.

As an attorney for people, Mr. Kohn is attentive and responsive to his clients. Each client’s case is personally handled by him, rather than by paralegals or office staff. He believes that a successful resolution of a case is only achieved if the client is satisfied with the result. He also believes that a satisfied client is one who is fully informed about the applicable law, facts, and available options. For this reason, Mr. Kohn is always accessible to his clients by phone and office visits. He is trustworthy, experienced, and aggressive.



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