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In this episode we hear RJon fired up on The Lawyer Millionaire podcast hosted by Darren Wurz. RJon drills into the driving force behind his mission to liberate law firm owners and why he wrote the book Profit First for Lawyers. He shares his definition of a successful law firm and explains why taking your profit first is crucial not just for the law firm owner’s wellbeing, but also for providing the best service to clients.
Defining a Successful Law Firm
RJon breaks down the three key elements that define a successful law firm:
- It serves you financially by generating enough profit for you to live the life you want.
- It serves you personally by giving you control over your time and supporting your family life.
- It serves you professionally by allowing you to make a positive impact in the world.
Why Your Law Firm Needs To Be Profitable
RJon argues that taking profit first is an ethical obligation, not just a nice-to-have. Clients expect and deserve to have a lawyer who is in the right frame of mind to provide the best possible service. Financial struggles and the resulting stress and distractions prevent lawyers from showing up as the best possible versions of themselves for their clients, which also has a negative impact on their family and personal life.
Key Takeaways
- A successful law firm serves you financially, personally, and professionally
- Taking your profit first is good for everyone (you, your firm, your family, your clients, and your staff)
- The Profit First for Lawyers book lays the foundation for law firm owners to implement the Profit First methodology found in the Profit First book by Mike Michalowicz
Links Mentioned
How To MANAGE a Small Law Firm
Connect with Darren Wurz, Wurz Financial Services / The Lawyer Millionaire
Connect & Engage
- Subscribe to the podcast
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- Email us your feedback at podcast@profitfirstforlawyers.com
- Order your copy of Profit First for Lawyers today!
Mid-Season Break
We are taking a mid-season break after this episode to bring back some of your favorite segments from the first season. Stay tuned for updates and behind-the-scenes content on our social media channels and in our newsletter. We’ll be back in June with even more great content!
