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In this episode, Alay and Rob discuss:
- Your responsibility to your business as a law firm.
- The sliding meter that balances running the business and the practice of law.
- Finding ways to make things run more easily and cost less in your firm.
- Handling cash flow issues.
Key Takeaways:
- A law firm is no different from any other business. It is still a business.
- Consider hiring remote staff internationally. There are great resources and people who don’t live in your direct area.
- Create projects and plans for your goals. You have to be able to carry them through in order for them to be paid back.
- Mastermind groups can really help with business growth. Everybody brings different mindsets, experiences, and issues that help everyone grow.
Tweetable Moments:
- “You are running a business that happens to be in the practice of law.” — Rob Levine
- “Plan where you are and where you want to be, then track month after month to make sure you can deliver.” — Rob Levine
- “You have to make sure your growth rate doesn’t outpace your revenue and your profit.” — Rob Levine
- “There is plenty of money out there. If you have a decent bit, especially a law firm, which is high margins and very profitable (bonus if you own your own building), you can get money.” — Alay Yajnik
Thank you to our Sponsor: Counsel CPAs: CounselCPAs.com
About Rob Levine:
Attorney. Entrepreneur. Philanthropist. Rob Levine wears many hats, but his passion for standing up for those in need runs through everything he does. Over more than 24 years of legal experience, Rob earned the nickname “THE HEAVY HITTER®” by fiercely advocating for those with injuries and disabilities.
Since founding Rob Levine Law, Rob has helped more than 50,000 people recover more than $2 billion in personal injury compensation and disability benefits. The firm handles social security and veterans’ disability claims nationwide and has built a strong personal injury presence in Rhode Island, Massachusetts, and Connecticut.
Rob’s exemplary leadership and passion for serving others shine through his collection of legal, professional, and philanthropic ventures.
Rob’s success led him to start a company to support, assist, and empower other law firms. Rob Levine Legal Solutions offers an array of essential services designed to help firms grow, including medical record retrieval, international staffing and training, mastermind and consulting programs, and technology services. Rob even teaches seminars and provides consultations, showcasing his dedication to helping other firms thrive like his.
From his work as a military police officer, retired local Central Falls police officer, paramedic, and ski patroller through his legal and entrepreneurial careers, Rob has made a lifelong commitment to serving his community and keeping others safe. Through Rob Levine Gives Back, Rob spearheads annual charity efforts like giving away 500 Thanksgiving turkeys and donating 1,000 backpacks. The program even provides free Uber vouchers on holidays to help prevent drunk driving. Additionally, Rob hosts the annual Family Fun Fest in Providence, RI, which features a petting zoo, face painting, clowns, performers, stilt walkers, jugglers, music, food trucks, and carnival games.
In his spare time, Rob enjoys skiing, staying active, and seeking out new challenges. Of all his accomplishments, Rob is most proud of becoming a father to his daughter, Chelsea, who now serves her community as a registered nurse.
Connect with Rob Levine:
Website: roblevine.com
Email: Rob@RobLevine.com
Facebook: facebook.com/roblevinelaw
LinkedIn: linkedin.com/company/rob-levine-&-associates-ltd.
Instagram: instagram.com/roblevine_heavyhitter
YouTube: youtube.com/user/RobLevineLaw
Connect with Alay Yajnik:
Podcast: lawyerbusinessadvantage.com
One Page Strategic Plan: LawFirmSuccessGroup.com
Email: Alay@YajnikGroup.com
LinkedIn: linkedin.com/in/alayyajnik