The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners

The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners


How a Panic Attack Led Law Firm Owner Marco Brown to Financial Independence (Ep. 104)

March 03, 2025

Hey there, ambitious law firm owners! Ever feel like you’re working harder than ever but still not seeing the financial freedom you dream of? You’re not alone. Many attorneys believe that the key to financial success is simply making more money. But what if it’s more about how you manage your money? Imagine turning your law firm into a lucrative wealth-building asset without sacrificing your sanity.


In our latest episode of The Lawyer Millionaire, we sit down with Marco Brown, a successful law firm owner who turned a debt-laden practice into a financial powerhouse. Marco candidly shares how a life-changing panic attack in his shower led him to overhaul his approach to business and finances, ultimately achieving true independence.


 


Marco discusses:




  • How Marco tackled $450K of debt and built a thriving law firm.




  • How Dave Ramsey’s program provided him with a framework to solve his financial woes?




  • The transition from a lawyer to a business owner mindset, emphasizing the need to treat your law firm as a thriving business.




  • The hidden power of simplicity.




  • Why teachers are among the most common millionaires?



  • Insider tips on client acquisition and closing deals.

 


 


Resources:



 


Connect with Marco Brown:



 


About our guest:

I still remember the day a good friend called and asked me to help her get divorced. Hers was a very difficult situation, and while I had never done a divorce before, I knew I needed to take her case.


The night before I met with her, I stayed up until 3 a.m. reading everything I could about family law. Whatever I read that night worked because we got a great result.


Honestly, I had never thought about being a divorce attorney before my friend’s case. After her case, however, I was hooked.


At this point, I have to back up for a moment. I grew up in a little village in Alaska (and by little I mean 85 people little). Kids from places like that don’t become successful lawyers. Thankfully, however, my parents expected big things of their boys. They expected us to be like our grandmother, who had a doctorate and was a special education professor. We were to be educated and serve our communities. That was our duty.


I had searched since I was young to fulfill that duty, and I had done okay at it. I served a mission for my church in Italy. I worked full-time with intellectually impaired individuals for years. I clerked for judges in the third district in Iowa after law school.


All of that was great, and I loved it. But it wasn’t until I helped my friend that I found what I had been looking for in the law. Helping families successfully transition during such a difficult period was necessary, fulfilling, and important work.


Since finishing my friend’s case, I have dedicated myself to becoming the best divorce and family law attorney possible and developing the best family law firm in Utah.


Outside Work


 


When I’m not working, I hang with my family. My beautiful wife, Demaree, has a doctorate in vocal performance. In other words, she sings opera (yeah, she’s the one everyone likes, and I’m the lawyer). My son is a ham who loves bowling and often refers to himself in the third-person.


I also read. A lot. Like geek amounts a lot. It’s usually about history, law, or business. I don’t read much fiction, but when I do I prefer Steinbeck and Kafka. (I already used the word “geek,” right?)


I cook too — Italian mostly, because it’s awesome. My favorite food is pizza. (Not Domino’s or Papa John’s; the real stuff you find on spaccanapoli in Naples.) Pizza is how we know God loves us.


And to keep weight off while I read and cook, I hike or lift weights.


When possible, we vacation as a family in Europe. There’s nothing quite like walking the old streets, smelling the pastries, visiting the museums, and soaking in the amazing cultures.


Thank you so much for letting me introduce myself. I hope our website and our firm provide you the knowledge and service you need to be successful.


Areas of Practice


Divorce/Family Law


Litigation Percentage


100% of Practice Devoted to Litigation


Bar Admissions


Utah, 2010

New Mexico, 2008

U.S. District Court District of Utah, 2008

U.S. District Court District of New Mexico, 2008

U.S. Court of Appeals 10th Circuit, 2008


Education


University of Nebraska College of Law, Lincoln, Nebraska


J.D.

Honors: With Distinction


Brigham Young University, Provo, Utah


B.S. – 2002

Major: Psychology

Minor: Italian


Published Works


Citizens United v. Federal Election Commission: The Decisions and Its, N.M. Bar Bulletin,, Mar. 1, at 9., 2010

Making Your Case: The Art of Persuading Judges, A Book Review by Marco, N.M. Bar Bulletin, Sept. 22, at 10., 2008


Honors and Awards


Utah’s Outstanding Family Law Lawyer of the Year, 2015


Professional Associations and Memberships


Utah Association of Criminal Defense Lawyers

Utah State Bar Association

American Bar Association

Federal Bar Association

New Mexico Bar Association


Pro Bono Activities


Chair of Davis County Domestic Violence Coalition, 2012 – 2013


Ancillary Businesses


Mediation: Utah Mediation Services


Languages


English

Spanish

Italian