Law Firm Founder Leslie Tayne Thought She Needed a Male Partner to Get Started

Law Firm Founder Leslie Tayne Thought She Needed a Male Partner to Get Started

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My guest for Episode #143 of the My Favorite Mistake podcast is Leslie Tayne, an award-winning financial attorney and author of the book, Life & Debt. She has over 20 years of experience in consumer and business financial debt solutions. 

Leslie’s extensive background spans in negotiations with large international banks and credit agencies for loans, lines of credit, credit cards, and student loans.

She is the founder and managing director of the Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions and alternatives to bankruptcy for individuals and businesses. Leslie frequently provides her expertise on financial, credit, and debt topics both as a public speaker and in the media.

She is also a board member for the Guide Dog Foundation for the Blind and America’s Vet Dogs.

In today's episode, Leslie shares her “favorite mistake” story about thinking she needed a male business partner when she started her first law firm. Why was this a mistake and why was it a mistake to partner with that particular man? What did she learn, including the need to hire for a fit with the vision and values?

We also talk about questions and topics including:

  • % of firms headed by women?
  • Business owner financial mistakes?
  • Mistakes with Merchant Cash Advance loans?
  • Personal financial mistakes?
  • Mistakes with debt relief, tax debt relief, or debt consolidation programs / services?
  • Red flags to look for?
  • When should somebody reach out to an attorney?
  • Bankruptcy is not always the answer

Scroll down to find:

  • Video of the episode
  • Quotes
  • How to subscribe
  • Full transcript

Find Leslie on social media:


Watch the Episode:


Quotes:

"The biggest mistake is getting involved in the first place [with Merchant Cash Advance "loans"]."
"I can pretty much, with less than a two-minute conversation, advise them accordingly and help them stay away from bankruptcy. Bankruptcy is not the answer always."
"When I first went out on my own. I was thinking that I needed to have a male partner... [because] the legal industry was, and still in many cases is, male dominated.".


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Automated Transcript (Likely Contains Mistakes)


Mark Graban is an internationally-recognized consultant, author, and professional speaker who has worked in healthcare, manufacturing, and startups. His latest book is Measures of Success: React Less, Lead Better, Improve More. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. He also published the anthology Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also a Senior Advisor to the technology company KaiNexus. He is also a Senior Advisor and Director of Strategic Marketing with the healthcare advisory firm, Value Capture.