Financially Legal

Financially Legal

By Confido LegalBusinessEntrepreneurship
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Financially Legal episodes

  • What is an MSO? The Economics of Modern Law Firm M&A

    What is your law firm actually worth? And why are investors suddenly paying attention?In this episode of Financially Legal, Confido Legal co-founder Emery Wagner sits down with Chris Hildreth, an investment banker specializing in law firm M&A, to explore the growing interest in law firm investments, private equity, and MSO deals.They break down how law firms are valued, what makes a firm attractive to investors, how MSO transactions work, and what law firm owners actually walk away with after a deal. Chris also shares why personal injury firm valuations have risen from 4–5x EBITDA to 6–7x in just two years, and where he sees the market heading next.This episode kicks off our three-part series, So, You Want to Sell Your Law Firm?, exploring the financial, ethical, and practical considerations of selling or transitioning a law firm.

    40 min
  • Ep 68 - Building a Smarter Law Firm: Payments, Pricing, and Practice Growth

    In this episode of, Emery Wager sits down onsite at Bundy Law in Tulsa, Oklahoma with founder and managing partner Aaron Bundy to talk about what it looks like to treat pricing as part of the client experience. The conversation covers evergreen retainers, billing twice a month, charging for consults, and why getting the money systems right can actually improve quality of life for the entire team.

    39 min
  • Ep 66 - Law Firm Partner Compensation Explained: Models, Trends, and Pitfalls

    How do law firms really decide what partners get paid?

    Partner compensation is one of the most important and controversial topics in the legal industry. The way firms structure pay doesn’t just impact income; it shapes firm culture, collaboration, and long-term profitability.

    In this episode of Financially Legal, Emery Wager sits down with Hugh Simons (former BCG consultant, law firm CEO, and prolific writer on law firm economics) to unpack:

    • The major compensation models (lockstep, points-based, and eat-what-you-kill)

    • Why open vs. closed pay systems matter more than you think

    • How incentives drive collaboration, culture, and firm growth

    • Where partner compensation is headed in the next decade

    Whether you’re a managing partner, CFO, or simply curious how partner pay really works, this episode pulls back the curtain on a system that defines the legal industry.


    51 min
  • Ep 65 - The Ethics of Digital Disbursements for Law Firms

    Checks are slow, risky, and outdated. So why are so many law firms still using them? In this episode, Emery Wager sits down with Jayne Reardon to explore how law firms can transition to digital disbursements while staying compliant with the Rules of Professional Conduct. We break down the ethical considerations, share a practical checklist for moving to electronic payments, and explain why modernizing your payment processes is not just smart, but the right thing to do for your clients.


    To learn more about digital disbursements, visit confidolegal.com or check out our article in the link below.

    • https://confidolegal.com/financiallylegal/can-law-firms-disburse-money-from-a-trust-or-iolta-account-electronically


    42 min
  • Ep 64. How Law Firms Can Dispute (and win) Chargebacks

    What really happens when a client calls their bank and says they didn’t get the legal services they paid for?


    In our upcoming episode, Emery Wager sits down with Amos Chapman, and the duo dives deep into one of the most misunderstood and often frustrating financial challenges law firms face: chargebacks.


    Check out some of Confido Legal’s resources below: 

    - Chargeback Checklist
    - What Happens if a Law Firm Refunds a Credit Card Payment with a Check?

    42 min
  • 63. Taming the IRS: A Lawyer’s Guide to Tax Debt Resolution

    How should law firms handle tax debt?


    There are ways to avoid common tax pitfalls, make taxes less stressful, and even pay pennies on the dollar to resolve tax debt.


    In this episode of Financially Legal, host Emery Wager sits down with Stephen Weisberg of the W Tax Group to discuss tax debt resolution.

    25 min
  • 62. The Flat Fee Mindset with Brita Long

    How much time do you spend tracking your hours?


    What if you could increase your profitability, reduce stress, and provide better client service—all without billing another minute?


    The hourly billing model isn’t the only way to run a successful law firm.


    In this episode of Financially Legal, host Emery Wager sits down with Brita Long to explore the mindset shift required to transition to flat fee legal services.

    49 min
  • 61. How AI Impacts Law Firm Profitability with Patrick Maddigan and Tim Sawyer of Faster Outcomes

    How much time are you wasting on repetitive tasks? What if you could significantly cut those hours, increasing your firm’s profitability? AI isn’t just a buzzword now—it’s a tool transforming the economics of running a law firm.

    In this Financially Legal episode, host Emery Wager sits down with Tim Sawyer and Patrick Maddigan of Faster Outcomes to discuss AI's role in modern law firms and how firms can leverage technology to impact profitability.

    1 hr 1 min
  • 60. Using Data to Provide Clients with Financial Transparency
     

    What’s This Going to Cost?

    It’s the question every client asks before signing an engagement agreement. Imagine being able to answer it clearly and confidently—even in the most complex cases. Achieving this level of financial predictability isn’t just possible; it’s within reach.

    In this episode of Financially Legal, host Emery Wager sits down with Michael Sander, founder of LexPipe, to explore how law firms can harness data to bring clarity and confidence to litigation costs. Michael shares his journey from patent litigator to legal tech entrepreneur, revealing the innovative tools and strategies LexPipe uses to help firms deliver greater cost transparency and predictability to their clients.

    50 min

About Financially Legal

From the publisher's feed

The Financially Legal podcast provides inspiration and tactical advice for entrepreneurial, mission-driven lawyers.
 Hosted by the Emery Wager of Confido Legal, Financially Legal explores issues at…