Show notes
“If your law school experience was anything like mine, chances are they taught you nothing in law school about the business of how to manage a law firm.” – RJon Robins, author of Profit First for Lawyers
Sometimes the right book arrives at the right moment. For estate planning attorney Colleen Robinson, Profit First for Lawyers arrived in the mail just as she was in the midst of looking for solutions. She didn’t know what was missing, only that there must be a better way to run a law firm that would give her the clarity, control, and future she wanted.
In this episode, Colleen shares how one unexpected gift became the catalyst for a completely different way of thinking about running a law firm. She didn’t just read the book from cover to cover. She acted on what she learned. Each step created forward momentum, ultimately changing her business model and implementing Profit First. Throughout this process, she was able to significantly increase her firm’s revenue while redefining what profit means for her and her family.
One Decision Led to the Next
Colleen began by learning the Seven Main Parts of Every Successful Law Firm and writing her first business plan. Working with her CEO helped clarify her vision for a business that aligned with her personal, professional, and financial definition of profit. Along the way, she discovered that running a successful law firm wasn’t simply about practicing law better. It was about intentionally building a better business.
Profit Changed More Than the Numbers
Implementing Profit First changed more than Colleen’s finances. It changed the way she experiences business ownership. Instead of worrying about unexpected tax bills, she sets those funds aside before they’re due. More importantly, she has redefined profit to include time with her family, flexibility in her schedule, and the Total Owner Benefit her business provides. Now the business she is building reflects the life she wants to live, not the other way around.
Colleen’s transformative journey began with a book in the mail and a willingness to learn, the courage to act, and the discipline to keep moving forward one decision at a time.
Action Steps
- Complete an honest assessment of why you started your law firm and define what success looks like for you.
- Create or revisit your business plan with your long-term personal and business goals in mind.
- If you’ve been waiting for the “perfect” time to implement Profit First, start small and begin today.
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And most importantly, order your copy of Profit First for Lawyers today!
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