Can your law firm generate income long after you step away? In this episode of the Law Deals Podcast, Ed Alexander speaks with Mark Powers, the founder and president of Atticus, about the Perpetual Law Firm model. Mark has spent decades coaching attorneys on practice management, marketing, and law firm growth. He shares his insights on how to build a firm that operates independently, allowing owners to step back without sacrificing profitability.
During the conversation, Mark explains why traditional succession plans often fail and introduces the CEO Model as an alternative. He and Ed discuss the key elements that make a law firm a valuable, income-generating asset, the importance of separating an owner's salary from firm profits, and strategies for structuring a firm that can sustain itself over the long term. If you are interested in creating a practice that thrives without being dependent on you, this episode offers valuable strategies and insights.
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