I don’t know the actual answer, but these guys are pretty damn good:
Bradford Hardin (@bradford_hardin) Co-chair, Financial Services Practice David Wright Tremaine… he’ll eventually be their managing partner and much, much more. Mark my words. Image
Kevin Henderson (@KHendersonCo) my co-founder @smblawgroup… he’s good at *everything* especially lawyering. Started his career at Cravath. Unflappable. I’d throw hands for his guy. Image
Scott Oliver (@SAOliver_Atty) director at Lewis Kappes… represents SBA lenders in a competent and professional way. Lenders you should all hire him! Image
Eli Albrecht (@Eli_Albrecht) associate at Gibson Dunn… the #lawdad. Changing the face of lawyering for a generation of dads who want career success that doesn’t come at the expense of their families. Just ask the WSJ Image
Matt Margolis (@ItsMattsLaw) Head of Community for Lawtrades… it takes brass you-know-what’s to be a great lawyer and risk it all in an old crusty profession. Marketing genius. Generates more eyeballs than most Fortune 500 marketing departments… engagement worth millions Image
Eric Hsu (@lawyer4SMBs) founder of Clear Focus Law… sure he knocked off my brand and occasionally steals our clients, but frankly I respect the hustle… and there’s plenty for all of us. I’ve tried to recruit him to @smblawgroup but he’s a steadfast solopreneur Image
Sam Rosati (@Sam_Rosati) our other co-founder at @smblawgroup… he founded an SMB micro-PE firm, a law firm, @SMB_ash… name a bigger SMB expert? You can’t. Total team player. Humble. Image
Adam Wasch (@AdamGWaschEsq) Partner and Co-Chair of the Franchise Law Practice Group of a Greenspoon something… the franchise 🐐. This guy is who I call when I’ve got franchise questions. You should too Image
Jake Parsley (@ParsleyETA) our newest partner at @smblawgroup… a legend in the Twin Cities. I can’t wait for the world to meet Jake. Epitomizes Minnesota nice. Killer deal lawyer Image
My fingers are tired.

I’m missing many people.

Who you got?

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More from @SMB_Attorney

Mar 23
We’ve represented clients in billions of dollars of transactions.

Here are the 50 most important things you need to know about buying a small business:

#SMBxWharton
1. The better you are with finance, the more you need to do a quality-of-earnings (QoE). Everyone should do a QoE.
2. Certainty to close is the most important factor when choosing a lender. Over-shopping for rate is a mistake.

3. Build relationships with good brokers. It's how you'll find a good business.
Read 16 tweets
Mar 10
$7 trillion of Baby Boomer businesses will be sold by 2030.

A quick and dirty guide to buying one:
People are retweeting this 🤣
Read 4 tweets
Feb 28
Most people don’t realize that the legal profession is the land of “haves and have nots” based almost entirely off educational pedigree.

Most lawyers starting salaries range between $45k and $90k.

Another select group (the spike on the far right of the chart), starts at $215k… twitter.com/i/web/status/1…
Shout out to @jkubicki for the first chart.
Fun fact: Cravath scale is the *same* in Texas as in NYC or LA, where cost-of-living is 1/2 or less.
Read 5 tweets
Jan 29
Buying an established and profitable business is the lowest risk way of making it into the top 1%.

But where do I find one (like this) for sale?

A thread:
1 - Establish Your Criteria

Start by setting a rough criteria. This will help.

Consider things like size, location, industry, and financials.

What are you good at and what would you enjoy doing?
2 - Listing Sites

@BizBuySell
@LoopNet
@Flippa
@microacquire

These are fun to browse.

Like Zillow for business!
Read 14 tweets
Jan 27
Early in my career, biglaw partner told me that throughout his 20+ year career, he returned early from 50%+ of family vacations for work issues.

I said, I’m sorry, did you say “15%” or “50%”?

He said: “you heard me”
Partner I worked with bragged about working from hospital room while his wife had a baby. “Nurse had to get me off the phone” … he laughed as he told the story.
Law school professor told story about his firm sending a helicopter to get him from a cruise ship to work on a big matter for an automaker. “Wife threw a toaster at me” … also thought it was funny.
Read 7 tweets

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