
Sign up to save your podcasts
Or
Bill Boyar, Founding Shareholder of BoyarMiller, joins the podcast. Bill shares his fascinating story of going from a summer associate at a law firm to ultimately forming BoyarMiller with the help of two of his partners.
Through his experiences, Bill shares the importance of focusing on people and building a strong foundation for a professional services practice, rather than solely chasing growth and money.
Listen as Bill explores leadership transitions and entrepreneurial advice for those looking to build successful businesses.
SHOW HIGHLIGHTS
Show Notes
Previous Episodes
About BoyarMiller
Bill Boyar
Chris Hanslik
Bill Boyar
After three years, Bob, who was my boss, my mentor, my friend, my running buddy, left to become a principal with a group that developed the Houstonian And he wanted to start a little law firm when he left and took one other guy with him and a year later I joined him. So we had a little three person law firm. About six months into that experience. He came to me and he said I've got too much to do and on the principal side of this relationship so I'm not going to practice alone anymore. So I was 29 years old and the guy who had all the business was not going to be practicing law anymore and my partner was a tax lawyer who read the Wall Street Journal and tax periodicals and so I woke up one day and had a law firm to figure out how to run and manage A little bit of a cold shower. It was crazy. So I had some guys that I practiced law with at Chamberlain and over time they joined me and we went from three lawyers to ten lawyers. We moved to a facility at Five Post Oak Park. We had twenty lawyers and we had thirty lawyers and we were on opening up an office in Austin. And this was over a ten year period.
And the last three or four years of that experience I was unhappy and had a hard time sort of rolling out of bed in the morning. I didn't know why, other than I didn't like the way that we were so focused on growth and making money and not really taking care of our people. So I had two little kids and in 1990 I told my wife that I was going to do something different. I didn't know what I was going to do, so I resigned from that firm and I had learned a lot. I learned a lot about running law firms and marketing and we were way ahead of the game in terms of creating a brand and doing marketing before it was sort of popular. But I didn't like the way we were treating people. It sounds like the lesson there was.
Chris Hanslik
Bill Boyar
By the time I got a chance to partner with Gary and Leonard and start what is now Boyar-Miller, i had a better sense of what it took to be successful in this industry, but not in a traditional way. So, if you think about it, there was no internet, we weren't operating on computers, barely had cell phones. We had the big ones just stacked in your car and plugged into your lighter. But we didn't have all the technology to be connected, so we had to work harder for people to know who we were and are. But they just gave me the opportunity. They plugged my name first on the door so felt like continuity in my practice And we started and we had 10 lawyers in 1990. I think that the what brings us to today, chris, is we never really have cared how big we were or are. We've never measured our value to this industry or to our clients or to our people, to each other, by profits per partner or how many lawyers we have. We've always really focused on what's the value we contribute, and I think that makes us different.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
And organizations evolve, as you and I have talked about a lot. You start with nothing and something is non-existent and then you start to evolve. You start thinking and developing your way of leading to what you want as your foundation. Then something becomes reliable where you have a leader who is like the cop and I was the cop of the core values from the day that we generated them and then ultimately, something becomes institutionalized. And the first thing that became institutionalized in this firm was core values, and what defines something becoming institutionalized is when that one leader is no longer the cop and everybody is given the space and everybody agrees to hold each other accountable for the behavior. So probably the thing I'm most proud of is the way that we actually work through. It developed our core values, had them evolve, had them become reliable and now as part of our DNA.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
And I traveled a lot, as you know. I was on airplanes a lot, i was in hotels a lot, i was in airplane lounges a lot. My travel was long distance and I was a voracious reader of business books and I wanted to use this firm as a sort of a lab experiment of can you take principles from great companies? and I never read anything about law firms, anything about the industry. I was all. My study was what can I find from lessons from great companies and great leaders that I can see whether or not it works in a flat, horizontal organization with a bunch of Taipei people? And so I would experiment.
And because we struggled so much to sort of articulate a mission statement, we pulled everybody together, as you know, in a room and the question was when you get up in the morning. What are you excited about related to coming to work? You might be excited about a lot of stuff, but I was really more focused on what are you excited about about this firm, and that's how we evolved our mission statement. I don't know how many years ago that's been now. I think it was 2007.
Chris Hanslik
Bill Boyar
You know who you are, what you do and how you do it, and that's where sort of values reside. And strategy and action. And if you don't, if you can have all the strategy in the world but if you're not in action, it's meaningless. But and I think we've done a pretty good job here of trying to look forward and listen to our people you know that. You know and engage everybody who's in this firm, every lawyer who's in this firm, in the process. You sit around and think and you know somebody who's a first year associate today, 10 years from now, is if they're gonna, if they last through the experience, they're gonna be a partner here, and so we let them have influence over their own destiny, their own experience and what this firm is gonna look like for them 10 years from now.
Chris Hanslik
Bill Boyar
It was chunky. Yeah, it was chunky, but I had it drop shipped to me in New York And I'd work all day and teach myself how to operate that computer all night. And when I came back we finished the deal very successful. I gathered all of the lawyers in the firm in a room And I said see this One year from now, every one of you is going to be operating your practice on one of these or you won't be working here anymore. And I had one. That's a big moment.
Yeah, that was a moment And one of my partners said I got a D in typing, it's not going to happen. And I laughed and I said well, you're going to have to learn how to pack, because that's the way we're going to do it. And we made the investment And it started a path for us that we were not leading edge but were right behind. We can't afford to be leading edge, but we've made tremendous investments in technology And we've continued to do that ever since.
I guess the other thing I would say is in 2006, which I think was another watershed moment in our firm's history. We had 20 lawyers at the time, if you remember. We had 10 shareholders, 10 associates, the firm divided in perfect quadrants senior shareholders, junior shareholders, senior associates, junior associates And we set a 10-year vision for the firm, broke up in groups and it was amazing how consistent everybody's view was. 2006, and some of the critical things that came out of that work was in 10 years. We had to be in a new facility And the lesson I got out of it was we had to look at leadership succession. So we did a SWAT analysis, if you remember, and I was a strength, a weakness, an opportunity and a threat, right right. So I listened to that And we did a lot of work that culminated in this beautiful facility that we've now been in for seven years And you succeeding me as chairman of the firm.
Chris Hanslik
Bill Boyar
I could not do that. I could get this firm. I was chair for 20 years and I got it to a place where I thought I had exceeded my ability to drive it to the next level, and that's where you came along and you've done a phenomenal job with this firm since, which is now a dozen years. I guess It's crazy, but you know, people get entrenched in positions and it's about power. I've never felt like being chairman was the source of power for me. I always felt like trying to be a great lawyer was the source of power for me, and it still is to this day. So I never.
This was not about I had to retain a title. It's why I don't have a title. I always felt like the. The ability to sort of sit in the middle generationally, be able to connect with the more senior generations and be able to connect with the more junior generations, is the sort of the perfect place to be in the leadership of any organization. And when you lose sight of that, you get myopic and you rely on sort of history versus being connected to the present. And I mean God knows. The changes we've experienced in the last five years, both generationally and socially, have been tremendous.
Chris Hanslik
Bill Boyar
So I counseled with some of my particularly with my friend at Conversant and talked about how best to think about this. And so at the next meeting of our shareholders, i asked the group who wants my job? And there were three of you. So we did a about a one-year program where I would ask each of you to read a particular book that I thought was reflective of my philosophy of business and leadership, and we'd go out to dinner and drink really nice wine and sit around and talk about and what was the learning and how did you apply it to the firm and the future of the firm.
And you know, over a short period of time I realized that you were the logical person to take that on. So I went to the shareholders and said, chris, it's my choice, and you were unanimously endorsed. And so we created a role as vice chairman for a year where the promise was, and this was when I was closing in on 60. The promise was that by the end of that year, my responsibilities in running this firm would be transitioned to you, So that by the time I was no longer chairman and you were gentlemen that you would have been doing the job. And, as it worked out, the person who was our executive director made a decision to retire, had health issues, so you were able to then recruit your own partner in the operations, which turned out to be fantastic. So by the time it was time to make the move. Now the biggest challenge is I didn't go anywhere.
Chris Hanslik
Bill Boyar
And one thing I sort of love about the way you took it on is we talked about the name and agree it wouldn't change, and you embraced the culture of this place. You took on the mission as your own, the values as your own, and you've done nothing but build on what was there. I think the risk that people see in succession in organizations like this is that the next guy is going to come in and tear up all the work and bring their own. I've got my own ideas about what the culture should be and what the vision should be, and you didn't do that. You had a strong foundation and built on it, and that's where we are today.
Chris Hanslik
I've always been a team player on teams my whole life. So being a part of a really well-known, high-functioning team is really cool and unique in my view, and to be able to have the opportunity and the privilege to be the leader of that team. So I was like I want to make that brand of Order Miller something special And if I'm known as the leader of that, that's more important than having my name on the door, because there's 80-something thousand licensed lawyers in Texas that make it each go out and hang a shingle. There's nothing unique about that. The other thing I think we've proven even though I think it's a little unique because you're right, most succession plans there's a retirement involved. We've proven you can do it without the retirement If everyone involved in those leadership roles stays focused on what's important and that's the health and well-being of the organization.
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
So I always like guests that have had the success like you've had and through failures and learning, And you get to, and I'll say this, and anybody that knows you know you. One of the things that drives you is the opportunity to work with entrepreneurs every day and make it their dreams happen. So what are two or three things that a listener out there that has just started a business or thinking about it, what are some of the nuggets of wisdom you'd say? keep this in mind as you start that journey, or if you're in that journey and you're questioning why.
Bill Boyar
I'm a sort of a classic reach out, look back, thinker, set the bar, the peg in the sand, whatever you want to call it. Look back to today and really think about what do I have to do? Too many young entrepreneurs just get up, put their clothes on and take one step forward, and another step forward, and another step forward, and it can be directionless and that can create a lot of dysfunction and failure. So it's never too early to try to actually have organizational hygiene. It's also never too early to figure out who you can get around the table, who has experience, who's been through what you're trying to go through, to coach you, counsel you. That's why organizations like YPO and EO and Vistage are so valuable, because you could find a place to have, you know, get counsel or coaching from people who have been there, who are trying, who have already accomplished what you're trying to do, or all who are similarly situated, experiencing the same challenges as you're challenging. Well, bill, this has been great.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Special Guest: Bill Boyar.
5
3131 ratings
Bill Boyar, Founding Shareholder of BoyarMiller, joins the podcast. Bill shares his fascinating story of going from a summer associate at a law firm to ultimately forming BoyarMiller with the help of two of his partners.
Through his experiences, Bill shares the importance of focusing on people and building a strong foundation for a professional services practice, rather than solely chasing growth and money.
Listen as Bill explores leadership transitions and entrepreneurial advice for those looking to build successful businesses.
SHOW HIGHLIGHTS
Show Notes
Previous Episodes
About BoyarMiller
Bill Boyar
Chris Hanslik
Bill Boyar
After three years, Bob, who was my boss, my mentor, my friend, my running buddy, left to become a principal with a group that developed the Houstonian And he wanted to start a little law firm when he left and took one other guy with him and a year later I joined him. So we had a little three person law firm. About six months into that experience. He came to me and he said I've got too much to do and on the principal side of this relationship so I'm not going to practice alone anymore. So I was 29 years old and the guy who had all the business was not going to be practicing law anymore and my partner was a tax lawyer who read the Wall Street Journal and tax periodicals and so I woke up one day and had a law firm to figure out how to run and manage A little bit of a cold shower. It was crazy. So I had some guys that I practiced law with at Chamberlain and over time they joined me and we went from three lawyers to ten lawyers. We moved to a facility at Five Post Oak Park. We had twenty lawyers and we had thirty lawyers and we were on opening up an office in Austin. And this was over a ten year period.
And the last three or four years of that experience I was unhappy and had a hard time sort of rolling out of bed in the morning. I didn't know why, other than I didn't like the way that we were so focused on growth and making money and not really taking care of our people. So I had two little kids and in 1990 I told my wife that I was going to do something different. I didn't know what I was going to do, so I resigned from that firm and I had learned a lot. I learned a lot about running law firms and marketing and we were way ahead of the game in terms of creating a brand and doing marketing before it was sort of popular. But I didn't like the way we were treating people. It sounds like the lesson there was.
Chris Hanslik
Bill Boyar
By the time I got a chance to partner with Gary and Leonard and start what is now Boyar-Miller, i had a better sense of what it took to be successful in this industry, but not in a traditional way. So, if you think about it, there was no internet, we weren't operating on computers, barely had cell phones. We had the big ones just stacked in your car and plugged into your lighter. But we didn't have all the technology to be connected, so we had to work harder for people to know who we were and are. But they just gave me the opportunity. They plugged my name first on the door so felt like continuity in my practice And we started and we had 10 lawyers in 1990. I think that the what brings us to today, chris, is we never really have cared how big we were or are. We've never measured our value to this industry or to our clients or to our people, to each other, by profits per partner or how many lawyers we have. We've always really focused on what's the value we contribute, and I think that makes us different.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
And organizations evolve, as you and I have talked about a lot. You start with nothing and something is non-existent and then you start to evolve. You start thinking and developing your way of leading to what you want as your foundation. Then something becomes reliable where you have a leader who is like the cop and I was the cop of the core values from the day that we generated them and then ultimately, something becomes institutionalized. And the first thing that became institutionalized in this firm was core values, and what defines something becoming institutionalized is when that one leader is no longer the cop and everybody is given the space and everybody agrees to hold each other accountable for the behavior. So probably the thing I'm most proud of is the way that we actually work through. It developed our core values, had them evolve, had them become reliable and now as part of our DNA.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
And I traveled a lot, as you know. I was on airplanes a lot, i was in hotels a lot, i was in airplane lounges a lot. My travel was long distance and I was a voracious reader of business books and I wanted to use this firm as a sort of a lab experiment of can you take principles from great companies? and I never read anything about law firms, anything about the industry. I was all. My study was what can I find from lessons from great companies and great leaders that I can see whether or not it works in a flat, horizontal organization with a bunch of Taipei people? And so I would experiment.
And because we struggled so much to sort of articulate a mission statement, we pulled everybody together, as you know, in a room and the question was when you get up in the morning. What are you excited about related to coming to work? You might be excited about a lot of stuff, but I was really more focused on what are you excited about about this firm, and that's how we evolved our mission statement. I don't know how many years ago that's been now. I think it was 2007.
Chris Hanslik
Bill Boyar
You know who you are, what you do and how you do it, and that's where sort of values reside. And strategy and action. And if you don't, if you can have all the strategy in the world but if you're not in action, it's meaningless. But and I think we've done a pretty good job here of trying to look forward and listen to our people you know that. You know and engage everybody who's in this firm, every lawyer who's in this firm, in the process. You sit around and think and you know somebody who's a first year associate today, 10 years from now, is if they're gonna, if they last through the experience, they're gonna be a partner here, and so we let them have influence over their own destiny, their own experience and what this firm is gonna look like for them 10 years from now.
Chris Hanslik
Bill Boyar
It was chunky. Yeah, it was chunky, but I had it drop shipped to me in New York And I'd work all day and teach myself how to operate that computer all night. And when I came back we finished the deal very successful. I gathered all of the lawyers in the firm in a room And I said see this One year from now, every one of you is going to be operating your practice on one of these or you won't be working here anymore. And I had one. That's a big moment.
Yeah, that was a moment And one of my partners said I got a D in typing, it's not going to happen. And I laughed and I said well, you're going to have to learn how to pack, because that's the way we're going to do it. And we made the investment And it started a path for us that we were not leading edge but were right behind. We can't afford to be leading edge, but we've made tremendous investments in technology And we've continued to do that ever since.
I guess the other thing I would say is in 2006, which I think was another watershed moment in our firm's history. We had 20 lawyers at the time, if you remember. We had 10 shareholders, 10 associates, the firm divided in perfect quadrants senior shareholders, junior shareholders, senior associates, junior associates And we set a 10-year vision for the firm, broke up in groups and it was amazing how consistent everybody's view was. 2006, and some of the critical things that came out of that work was in 10 years. We had to be in a new facility And the lesson I got out of it was we had to look at leadership succession. So we did a SWAT analysis, if you remember, and I was a strength, a weakness, an opportunity and a threat, right right. So I listened to that And we did a lot of work that culminated in this beautiful facility that we've now been in for seven years And you succeeding me as chairman of the firm.
Chris Hanslik
Bill Boyar
I could not do that. I could get this firm. I was chair for 20 years and I got it to a place where I thought I had exceeded my ability to drive it to the next level, and that's where you came along and you've done a phenomenal job with this firm since, which is now a dozen years. I guess It's crazy, but you know, people get entrenched in positions and it's about power. I've never felt like being chairman was the source of power for me. I always felt like trying to be a great lawyer was the source of power for me, and it still is to this day. So I never.
This was not about I had to retain a title. It's why I don't have a title. I always felt like the. The ability to sort of sit in the middle generationally, be able to connect with the more senior generations and be able to connect with the more junior generations, is the sort of the perfect place to be in the leadership of any organization. And when you lose sight of that, you get myopic and you rely on sort of history versus being connected to the present. And I mean God knows. The changes we've experienced in the last five years, both generationally and socially, have been tremendous.
Chris Hanslik
Bill Boyar
So I counseled with some of my particularly with my friend at Conversant and talked about how best to think about this. And so at the next meeting of our shareholders, i asked the group who wants my job? And there were three of you. So we did a about a one-year program where I would ask each of you to read a particular book that I thought was reflective of my philosophy of business and leadership, and we'd go out to dinner and drink really nice wine and sit around and talk about and what was the learning and how did you apply it to the firm and the future of the firm.
And you know, over a short period of time I realized that you were the logical person to take that on. So I went to the shareholders and said, chris, it's my choice, and you were unanimously endorsed. And so we created a role as vice chairman for a year where the promise was, and this was when I was closing in on 60. The promise was that by the end of that year, my responsibilities in running this firm would be transitioned to you, So that by the time I was no longer chairman and you were gentlemen that you would have been doing the job. And, as it worked out, the person who was our executive director made a decision to retire, had health issues, so you were able to then recruit your own partner in the operations, which turned out to be fantastic. So by the time it was time to make the move. Now the biggest challenge is I didn't go anywhere.
Chris Hanslik
Bill Boyar
And one thing I sort of love about the way you took it on is we talked about the name and agree it wouldn't change, and you embraced the culture of this place. You took on the mission as your own, the values as your own, and you've done nothing but build on what was there. I think the risk that people see in succession in organizations like this is that the next guy is going to come in and tear up all the work and bring their own. I've got my own ideas about what the culture should be and what the vision should be, and you didn't do that. You had a strong foundation and built on it, and that's where we are today.
Chris Hanslik
I've always been a team player on teams my whole life. So being a part of a really well-known, high-functioning team is really cool and unique in my view, and to be able to have the opportunity and the privilege to be the leader of that team. So I was like I want to make that brand of Order Miller something special And if I'm known as the leader of that, that's more important than having my name on the door, because there's 80-something thousand licensed lawyers in Texas that make it each go out and hang a shingle. There's nothing unique about that. The other thing I think we've proven even though I think it's a little unique because you're right, most succession plans there's a retirement involved. We've proven you can do it without the retirement If everyone involved in those leadership roles stays focused on what's important and that's the health and well-being of the organization.
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
So I always like guests that have had the success like you've had and through failures and learning, And you get to, and I'll say this, and anybody that knows you know you. One of the things that drives you is the opportunity to work with entrepreneurs every day and make it their dreams happen. So what are two or three things that a listener out there that has just started a business or thinking about it, what are some of the nuggets of wisdom you'd say? keep this in mind as you start that journey, or if you're in that journey and you're questioning why.
Bill Boyar
I'm a sort of a classic reach out, look back, thinker, set the bar, the peg in the sand, whatever you want to call it. Look back to today and really think about what do I have to do? Too many young entrepreneurs just get up, put their clothes on and take one step forward, and another step forward, and another step forward, and it can be directionless and that can create a lot of dysfunction and failure. So it's never too early to try to actually have organizational hygiene. It's also never too early to figure out who you can get around the table, who has experience, who's been through what you're trying to go through, to coach you, counsel you. That's why organizations like YPO and EO and Vistage are so valuable, because you could find a place to have, you know, get counsel or coaching from people who have been there, who are trying, who have already accomplished what you're trying to do, or all who are similarly situated, experiencing the same challenges as you're challenging. Well, bill, this has been great.
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Chris Hanslik
Bill Boyar
Special Guest: Bill Boyar.
1,906 Listeners
14,067 Listeners
20 Listeners