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The Quid Pro Quo DestroyerThe Quid Pro Quo Destroyer

Breaking free from transactional mindsets into mutually beneficial relationships.

Craig R. Hersch

January 25, 2019

14 Min Read
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A frustration for most legal, tax and financial professionals comes from referrals. The general mindset seems to be that if I refer you a new prospect or client, then it’s incumbent on you to refer me one in return. While hopefully no one expects a direct tit for tat, it’s perceived that the relationship’s balance depends on a roughly even exchange.

The greater the imbalance, the more likely it is that the party referring more and receiving less becomes disenchanted. Let’s explore how those of us in the legal, tax and financial industries might instead evaluate and strengthen our professional relationships rather than expect a quid pro quo.

Origin of Quid Pro Quo 

The Latin phrase “quid pro quo” initially meant that one thing was substitute...

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About the Author

Craig R. Hersch

https://estateprograms.com/

Craig R. Hersch is the creator of The Freedom Practice™, The Family Estate & Legacy Program™ estate planning practice system and The Estate Settlement Program™ probate and trust administration practice system. He developed these practice systems in response to the quickly changing and challenging legal marketplace. He authored four books, Common Cents Estate Planning, Legal Matters When a Loved One Dies, The Florida Residency & Estate Planning Guide and Selecting Your Successor Trustee. These books are all used in his practice systems.

Craig is a Florida Bar Board Certified Wills, Trusts & Estates Attorney, practicing since 1989. He is also licensed as a Florida CPA, and is a founding shareholder and director of a private state-chartered trust company. His varied background in law, accounting, tax and finance along with his participation in Dan Sullivan’s Strategic Coach program since 2005 provides him unique insights and capabilities necessary to multiply his practice.

To that end, Trusts & Estates magazine tapped Craig a “Practice Development Xpert” where he writes a column under its wealthmanagement.com website. He hosts three podcast series geared to estate planning professionals, clients and trust administrators. Craig writes a weekly estate-planning column for a local newspaper, and presents as a featured lecturer at continuing education programs sponsored by The Florida Bar, the Florida Institute of Certified Public Accountants and the National Business Institute.

Craig is married to wife Patti and they have raised three daughters. In his spare time Craig enjoys adventure travel, training for and competing in triathlons, including Ironman distance races, boating the southwest Florida waterways and spending quality time with his family.