Profit First for Lawyers
The Profit First for Lawyers podcast is the companion show to the book, Profit First for Lawyers by RJon Robins. The goal of the book and podcast are to empower lawyers with practical and actionable information to help them improve their lives by putting their family, their firm, and their Profits First.
Episodes
“When you’ve taken your profit off the top, like we talk about in Profit First for Lawyers, and you’ve only got what you’ve only got to cover expenses, it forces you to be more honest with yourself. It forces you to grow up as a business owner and make better decisions.” – RJon Robins, a...
“Someone in your office is stealing from you. They may not be stealing money and putting it into their own pocket, but they’re stealing time. They’re giving away work for free.” – RJon Robins, author of Profit First for Lawyers
Many law firm owners f...
“One of the big problems that we see in your profit and loss statement is when your business is not paying you an appropriate normalized salary.” – RJon Robins, author of Profit First for Lawyers
Many law firm owners know what they pay themselves, but few have s...
“There are three ways you’re going to get compensated from your business. One is W-2 Salary. Two is K-1 distributions. Three is other benefits.” – RJon Robins, author of Profit First for Lawyers
How profitable is your law firm? The answer might be more com...
“Accounts receivables are so much worse for a law firm than most lawyers understand or appreciate. So much worse.” – RJon Robins, author of Profit First for Lawyers
In this episode, How To Manage a Small Law Firm CFO and CEO advisor, Etienne Hardre expands upon ...
“If we can develop good habits for you when your business is still in the first stage of growth, you’re going to bring those good habits with you into business maturity.” – RJon Robins, author of Profit First for Lawyers
A growing business requires a growi...
“We are going to break away from the dictionary’s limited definition of profit and profitable, which only account for financial profits.” – RJon Robins, author of Profit First for Lawyers
For many law firm owners, profitability is measured by one thing: mo...
“I want to expose you to a really cool world of financial literacy to empower you to be better, more confident business owners.” – RJon Robins, author of Profit First for Lawyers
If financial reports, spreadsheets, or business metrics have ever made you want to ...
“Your law firm is a business. Your business is supposed to work for you.” – RJon Robins, author of Profit First for Lawyers
For many law firm owners, profitability seems uncertain. Maybe there will be money left over at the end of the year. Maybe there won&rsquo...
“The biggest challenge we have in helping someone go from zero to seven figures… is that they don’t believe it’s possible.” – RJon Robins, author of Profit First for Lawyers
Why do brilliant lawyers struggle to build profitable businesses?
<...“I want you to feel empowered by the knowledge that GAAP is not the only way to manage a small law firm to profitability.” – RJon Robins, author of Profit First for Lawyers
In this episode, Pietro Canestrelli shares how following Profit First accounting principles helped transform not just his law firm’s profitability, but the way he thinks about o...
“The firm is supposed to serve you. You are not supposed to live in service to the firm.” – RJon Robins, author of Profit First for Lawyers
Is your law firm improving your life, or consuming it?
This episode explores one of the mos...
“Implementing Profit First in your law firm is a meaningful first step that you can take that will help you correct this costly and stressful misalignment between yourself and the clients of your law firm.” – RJon Robins, author of Profit First for Lawyers
For ...
“To want your law firm to be anything less than all it can be, that’s abnormal. Especially when you consider that at least part of a law firm’s success is dependent upon the law firm helping more people.” – RJon Robins, author of Profit First for Lawyers
“To be called a financially successful business, a law firm must generate enough total owner benefit for you to live the way you want to live. Not just what you’re willing to settle for.” – RJon Robins, author of Profit First for Lawyers
If your law firm ...
“We want to build a business that is sustainable and we want to build a business that can operate independently of you and your brilliance.” – RJon Robins, author of Profit First for Lawyers
Why Your Law Firm Needs a Plan (and the Math to Back It Up)
In a well-run law firm, there is really no reason to ever have any accounts receivables at all. Not if you are using the IOLTA Client Property Trust Account the way it was actually invented and meant to be used.” – RJon Robins, author of Profit First for Lawyers
The H...
“The problem is most people don’t take the time to think about their definition of success. Which is kind of ironic considering that as lawyers, we are trained that the first thing you do when you’re drafting a contract or making a settlement agreement is you have to define the terms.” – RJon ...
“If you implement what has been explained throughout this book, your law firm will definitely become more profitable. You will feel more confidence, and you will begin to experience the unique satisfaction that comes from being able to reliably put more of the revenue collected by your law firm into your own personal...
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