Together with her wife, Kristen Marcroft, Meghan is founder and managing co-partner of Freed Marcroft, a Connecticut law firm that devotes its practice exclusively to divorce and family law.
Freed Marcroft developed a goals-based approach to divorce rooted in the decision-making process. By helping clients discover their goals for their lives, their team takes its collective proficiency in family law and designs a divorce for the individual.
Meghan and Kristen live in Downtown Hartford, CT with their opinionated but sleepy Cavalier King Charles Spaniel, Daphne.
Tell us about the early days of Freed Marcroft.
After I graduated from law school in 2004, I was on track for a pretty traditional, white-shoe legal career. I started out as an associate at one of Connecticut’s largest firms, did a stint at a massive international firm, and then went in-house to manage national litigation for a storied Hartford insurance company. Things were predictable. Things were also getting a little rote. But, without an intervention by my wife Kristen and Ryan, a friend and colleague who became our original law partner, I probably would have stayed on that path forever. They poked a whole bunch of on-point holes in my devotion to conventional wisdom, and we opened the first iteration of our law firm in 2012. The first partnership didn’t make sense (in business as in divorce, when a relationship isn’t a fit it’s best not to belabor it), so we parted ways and Kristen and I became Freed Marcroft in 2013.
We bumped along as a general civil practice in 2013 and 2014. We were doing only about a quarter of a million in annual gross revenue, but we did hire our first employee, loved working together, and enjoyed what initially felt like the freedom of running our own shop. By early Spring 2015, we were feeling the pressure. The firm was our household’s sole source of income, and we were struggling to meet payroll and handle a larger than anticipated tax bill with basically flat revenues.
Another lawyer friend, Sarah, connected us with RJon Robins and How to Manage a Small Law Firm. In our intake call, they explained that they would work with us only if we picked one practice area and focused on it. We had to become the best at something rather than taking all cases that walked in the door that we were competent to handle. Kristen and I said “divorce” simultaneously. Why a married couple knew divorce was the right fit is a much longer discussion, but for our purposes here suffice it to say that on my end, my own decision to divorce had been transformative.
How to Manage became our coaches, and we learned that we didn’t know what we didn’t know. We flipped our mindset and started designing the life we wanted to live, and started building the company we wanted to run. Even though it was initially terrifying, time and time again we took the leap and invested money into our own personal and professional growth – as well that of our business.
Between 2015 to 2019, we grew our team from 3 to 15 and our above-the-line revenues to over $2 million. This year, Freed Marcroft is #732 on the Inc. 5000, the 18th fastest-growing law firm in the country, and the #1 fastest-growing law firm in Connecticut according to the Law Firm 500. We are now able to help many, many more people turn their divorce into an opportunity for personal growth and powerful positive change, and we get to do it with a team that not only “adapts” to change, but leads change, drives change, and thrives in change. Together, we do good work and take great satisfaction in helping our clients create and live their futures. It is honor and a joy.