Domenic Romano | From Lawyer to Entrepreneur: Unleash Your Firm’s Potential

Domenic RomanoDomenic Romano is the Managing Partner of Romano Law PLLC, a modern transactional and litigation law practice focused on business, disputes, employment, media, and sports and entertainment law. He is also the Founding Member of the Business Lawyers Group, the Managing Lawyers Group, and the Entertainment Lawyers Group, all diverse networks of seasoned attorneys. Before founding Romano Law, Domenic was a Corporate Lawyer at Jones Day and Brown Raysman Millstein Felder & Steiner, LLP, where he focused on business transactions for private and public companies.

As a legal commentator, Domenic has been featured in major news outlets, including NBC, CBS, CNN, and Fox Business News. He has also been quoted in The New York Times, the Wall Street Journal, Independent, TIME, and Entertainment Weekly. Domenic has been named to the New York Metro Super Lawyers list consecutively since 2015. In 2022, he was awarded Martindale-Hubbell’s AV Preeminent Rating, ranking at the highest level of professional excellence for his legal expertise, communication skills, and ethical standards.

As an experienced corporate lawyer and entertainment attorney, Domenic advises clients on business structuring, divorce, purchases and sales, litigation, employment disputes, licensing, film finance, and complex contract negotiation. By providing legal advice as an entrepreneur, he helps other entrepreneurs scale their businesses and guides creative professionals to advance their careers.

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Here’s a glimpse of what you’ll learn: 

  • Domenic Romano shares his drive to join EO (Entrepreneurs’ Organization)
  • Domenic’s valuable learnings as an entrepreneur and lawyer 
  • Key insights for managing and scaling a law firm 
  • The importance of establishing client expectations
  • How to transition from practicing law to owning a law firm
  • Domenic’s strategy for evaluating and building a team of A-players
  • Advice for entrepreneurial lawyers

In this episode…

In law school, lawyers are taught to eliminate risk and restrain any entrepreneurial impulses. Consequently, many attorneys struggle to manage their businesses and overlook profitable opportunities. How can you transition from a lawyer to an entrepreneur to power your firm?

As a seasoned attorney and entrepreneur, Domenic Romano helps lawyers relinquish traditional law firm practices and implement processes to scale their firms. Rather than focusing exclusively on billable hours and client acquisitions, Domenic says to build, retain, and scale a team of A-players by identifying their motivations and investing in their professional development. It’s also critical to set expectations with clients regarding prompt payments and contractual agreements. When you gain the respect of your team and clients, you can manage your firm effectively. 

In today’s episode of The Lawyer’s Edge Podcast, Elise Holtzman invites Domenic Romano, Managing Partner of Romano Law, to discuss how he began managing his law firm with an entrepreneurial mindset. Domenic shares how to transition from a lawyer to a law firm owner, strategies for managing and scaling a law firm, and expert advice for lawyers turned entrepreneurs. 

Resources mentioned in this episode:

 Sponsor for this episode…

Today’s episode is brought to you by the Ignite Women’s Business Development Accelerator.

Ignite is an 8-month business development program created by women lawyers for women lawyers.

Ignite is not just a one-off seminar or a series of seminars. It’s a carefully designed business development program containing content coaching and a community of like-minded women who are committed to becoming rainmakers and supporting the retention and advancement of other women in the profession.

To learn more about Ignite, visit thelawyersedge.com/ignite.

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