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Product-Market Fit: How to Make More Money by Working with Non-Traditional Law Firm Clients

Lawyers have always billed clients the same way: by the hour.  (Yawn.)
While that option is good for law firms (hello: uncapped billings), clients often chafe at the model, because $— x however many hours the lawyer decides to work is a little bit more of an investment than, say, a Netflix subscription.

But, there’s a reason why subscription services like Netflix flourish: it’s because of the low level of investment, and the high value of return.  People have little problem dropping $15 per month on Netflix; but, if Netflix jacked the price up, or severely restricted the number of entertainment offerings included, there’d be a problem.  Law firms seem to suffer from that very issue: a lack of differentiated offerings and a heavy price point.  It’s a riddle wrapped in a mystery inside an enigma, bound up by a total lack of imagination.
Of course, there’s a logical resolution here.  If clients think law firms charge too much and don’t offer enough services, the solution is to charge less, …

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