Profit First for Lawyers Why Profit Shouldn’t Be Optional
“It’s a practical impossibility to practice law well in an unprofitable law firm. Why? Because you need money to pay for things.” – RJon Robins, author of Profit First for Lawyers
This is the first of a two-part series that challenges the belief among law firm owners, that focusing on profit is somehow selfish or unethical. If you’ve ever felt guilty about prioritizing your firm’s profitability, this episode will go a long way toward shifting your perspective on profit. RJon tackles the uncomfortable truth that running an unprofitable law firm doesn’t just make your life harder, it makes it impossible to serve your clients at your highest standards.
Key Takeaways
- Personal financial stress directly impacts your ability to serve clients effectively
- There’s a disconnect between what your marketing promises and what can realistically be delivered when cash flow is unstable
- Financial stability is not about greed, it’s about professional responsibility
This episode serves as a wake-up call that profitability is not an optional “nice to have”, it’s an ethical imperative for delivering the services your clients deserve.
Resource: Profit Leak Assessment
The Profit Leak Assessment is a practical, on-demand course to help law firm owners find thousands of dollars in potential profit leaks. Karli teamed up with Evelyn Aucoin, Financial Literacy and Strategy Expert with How To Manage A Small Law Firm to create this resource for law firm owners. Click the link below to start plugging the profit leaks in your firm. Your future self will thank you for it!
Connect and Engage
- Subscribe to the Profit First for Lawyers podcast
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And most importantly, order your copy of Profit First for Lawyers today!