S2:E2; Do You REALLY Have What It Takes to Start Your Own Law Firm?

25/08/2025 23 min
S2:E2; Do You REALLY Have What It Takes to Start Your Own Law Firm?

Listen "S2:E2; Do You REALLY Have What It Takes to Start Your Own Law Firm?"

Episode Synopsis

This week, host Greg McCollum explores one of the toughest questions for aspiring legal entrepreneurs: Do you have what it takes to start and grow your law firm? Drawing from years of experience, Greg reveals the real challenges of building a business from the ground up—far beyond just having the money or the office space. You will discover the unfiltered realities of leadership, sacrifice, and the relentless problem-solving every criminal defense lawyer must master as a business owner. He shares why most who try don't succeed, and what qualities set the successful few apart, and explains why being excellent and standing out is both a risk and a necessity for real growth. This episode is essential listening for criminal defense lawyers who want to scale their practice to the million-dollar mark and beyond, or who aim to determine whether firm ownership is right for them. Tune in to find out if you have what it takes, and learn how to build not just a law firm, but a legacy. Show Highlights: Why a $1M criminal defense firm might make just $200k in profit. [00:58] Stress multiplication in the transition from lawyer to law firm owner. [02:55] The journey of pain to freedom by building a problem-solving team. [04:48] Find out the failure rate of small businesses and why they fail. [07:35] Discover the two keys to law firm success. [08:57] Nick Saban's wisdom on why "normal" won't achieve excellence. [09:21] The necessary danger of standing out rather than blending in. [11:41] Safety vs. risk mentality in growth-oriented partnerships. [16:36] How to get a free 45-minute consultation with Greg. [22:16] If you want to learn more, go to our Prosper At Law Website and click the "SCHEDULE A CALL BUTTON"    www.prosperatlaw.com You can email us at: [email protected]