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Joining me for a dynamic conversation on the podcast today is Jayson Schwarz, Senior Lawyer at Schwarz Law LLP. Since being called to the Bar of Ontario in 1978, Jayson has practiced in the areas of corporate/commercial transactions, business structure, real estate law, tax, succession and corporate planning fields.

In our frank and open discussion today, Jayson talks about his firm, how it helps each client, its structure and how it attracts new business, and what has surprised him the most during his career. Jayson also reveals the low point in his life and how he climbed out of it, what he does with his money, his definition of financial independence, and his perspective on teaching your children your own morals and values. Jayson concludes our conversation by sharing his hopes and vision for the next 5 years.

Guiding Growth in Business and Life with Jayson Schwarz

Download the full transcript here

Highlights:

  • Jayson’s firm takes a holistic approach to their work, it is set up in a three-tier structure and attracts most business through referrals.
  • The biggest surprise for Jayson in his career is that sometimes clients do things that you can’t comprehend.
  • Jayson’s lowest point was in the early ’90s where he ended up separating from his wife, being involved in a horrible matrimonial lawsuit with her and her family, and having many other things go wrong.
  • His definition of financial independence is “I could effectively liquidate everything I own, stop practicing law, sit on a beach anywhere in the world smoking cigars and drinking drinks with little umbrellas and never have to work or worry again.”
  • To train your children to adopt your morals and values, you have to be an example for them, and be tough enough with them that they learn lessons for success and don’t become entitled.

Quotes:

“We see ourselves as having our clients come from every walk of life, from every ethnic background.”

“People want to send me their mothers, sisters, brothers, friends. That is the most important aspect, and I try to explain that over and over to the younger lawyers.”

“Do not be the tree that cracks because it cannot sway in the wind, be the tree that sways and you can continue to be successful.”

“So if they want something, they have to work to get it. Don’t just give it to them. It’s a huge mistake we all make with our children. And it’s created a generation that believes they’re entitled.”

“So I can build my building and have my office up on top, like in Boston Legal, where I’ve created my own balcony to sit out at with you, Richard, and have a scotch and a cigar.”

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Raising a Successful Family Law Practice with Sarah Boulby

Construction Law and Real Estate Investing with Josh Strub

Making the Legal Profession Faster, Better, and Cheaper with Aeron Baer