How Entrepreneurial Law Firm Owners Think Differently About Exit & Succession (Ep. 146)
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How Entrepreneurial Law Firm Owners Think Differently About Exit & Succession (Ep. 146)
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On this episode, Darren Wurz sits down with veteran law firm owner Thomas Tona of Tona Law Firm to talk about the mindset and systems that separate entrepreneurial lawyers from those who end up trapped by their own success. Thomas Tona shares why he’s always built his business with an exit in mind and why every law firm owner, no matter their plans, needs to think seriously about succession even while they’re in their prime.
Their conversation covers not just the how-to’s of building a sellable firm, but also common myths, mindset shifts, and the real-life stories (both cautionary and inspiring) from the front lines. You’ll get hard-earned advice about scaling your team, investing wisely, and sidestepping the lifestyle traps that can keep you chained to your desk.
Thomas discusses:
- The biggest myth about succession planning
- Why scaling your team and letting go of owner dependence is your ticket to freedom.
- How to avoid ‘golden handcuffs’ and creates a firm that supports your life, not one that consumes it.
- Fostering motivation and avoiding lawyer burnout
Connect with Darren Wurz:
- Want to work with our team? Schedule an Intro Call
- The Lawyer Millionaire Website
- LinkedIn: Darren P. Wurz
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Connect with Thomas Tona:
- Linkedin: Thomas Tona
- Website: Tona Law
- Bio: Thomas Tona
About Thomas Tona:
Thomas Tona is the Founder & CEO of Tonalaw. He has over 30 years of experience as a New York State trial attorney, with a career concentration in Plaintiff’s Personal Injury & No-Fault Collections. For the last 23 years, he has cemented his firm’s culture and reputation for excellence, with the consistent pursuit of the firm’s vision of “Fighting for Injured New Yorkers and the Healthcare Providers Who Treat Them”. In addition, he personally manages all of the high-stakes Personal Injury cases involving traumatic brain injuries, wrongful death, catastrophic injuries, falls, trucking accidents, and automobile accidents.