„They come to you to help them solve problems. But sometimes as an industry, we`re not really good at explaining to clients when they have a problem or how the legal situation might even affect their ability to think about issues that arise. Although many experts say that the subscription model is extended to large enterprises because it is as scalable as the hourly practice model, there have been few instances where large law firms have offered it to their clients. This article is the first in a series of subscription-based legal services. Most lawyers are familiar with the concept of subscription (legal or not), but while selling legal services by subscription is feasible, it can be hard to imagine for some. For this reason, this first article will include some examples of lawyers and law firms offering legal services on a subscription basis. We also provide answers to some fundamental questions that lawyers often ask, including the inevitable ethical question regarding this business practice. Here`s a look at 14 problems lawyers face in law firms – and the solutions they`ve created. Our legal subscriptions focus on providing a selection of legal services to protect your wealth and grow your business. As a result, some services are not included in your subscription. For these services, we offer all subscribers a discount on our competitive fixed fees or we can contact our network of lawyers to help you meet this need.
And like Netflix plans, where different prices offer different levels of access to customers, legal subscriptions come in different shapes and sizes. At Cozza Law Group PLLC, we have developed a business model that provides monthly legal services to clients who want ongoing business advice and support for growth without having to worry about the billable hour. We invest our time to learn and grow with your business. More than a typical lawyer, we are your strategic partner and trusted advisor focused on providing business-focused legal advice to help your business grow from a start-up to an industry leader. By putting relationships, values, and community at the forefront of your mindset, a subscription-based practice may be worth considering. Kim`s advice? We have developed a subscription service to help current and future business owners understand the legal needs of businesses in general and the opportunities for a business to grow and expand. Learn how Rally can help you offer subscription billing, starting with document generation solutions for your business and for your customers, and easy integration with your website to reduce the administrative time it takes to help your customers resolve trivial questions. Counsel for Creators launched its subscription offerings in late 2015 and realized that there were many people who had basic legal questions that they wanted to be guided by a lawyer — and who needed an affordable price without the usual hustle and bustle that comes with hiring a law firm. Because the idea that legal subscription services are so new, Kim notes that many people worry about financial problems — „they think it might not be profitable, they`re afraid of underestimating themselves“ — or they don`t understand how the process works. Since monthly legal services are not yet the norm, Kim suggested that lawyers start by talking about this new business model, whether in the local community, at meetings, or on social media like Twitter. „Start with discussions in communities that are thinking about innovation in jurisprudence, because a lot of that will be a change in mindset.“ It began offering the subscription plan for start-ups that needed to get their legal house off the ground, offering it to growing companies that needed a competent firm to serve as external general counsel. And because of the financial model, it makes sense, right? I mean, how much legal advice can really be provided at $19.95/month, even with economies of scale? The biggest thing she`s learned is that subscription plans need to be customer-centric.
You need to focus on what the customer wants and needs, not what Bennett believes his customer wants or needs. „It`s something a lot of people do wrong when they`re creating these plans,“ Bennett says. There are a plethora of reasons to consider this alternative business structure. On the one hand, as software and AI become more advanced, more and more simple legal issues will disappear from our offices. In addition, mini-revolutions in states like Arizona and Utah point to a future where non-lawyers own law firms and run them more like software companies, leading to increased competition.