Will Subscription Lawyer Services Catch On?
QuHarrison Terry
International Best-Selling Author | Growth Marketer | 4x LinkedIn Top Voice in Tech
The recipe for a failing business is usually quite simple. Not enough revenue or too many costs. One of these is solved by picking up the phone and making calls. The other is solved by running a fine-tooth comb through your expense sheet.
For small businesses, every cost counts. Legal fees alone can be enough to make a business go under before they even begin.
Fortunately, the subscription business model has come for legal services. For a flat rate as low as $89 / month, a small business can have a dedicated legal team through BizCouncil.
A Legal Advice Subscription. Isn’t that just a fancy way of saying “legal retainer”?
Well, it’s different because a Legal Subscription is not based around billable hours. Instead, it gives you unlimited access to your attorney, an allotted number of document drafts, and transparent additional billing.
As the world continues to become more accustomed to subscription services, I see subscription legal services being an interesting way of reaching small-business owners with better pricing and value.
Ultimately, a subscription legal service is just one of the many tools used by Robopreneurs.
A Robopreneur is an entrepreneur that is heavily augmented by algorithms to generate free attention and uses rented cloud technologies to automate conventional business processes and tasks.
Robopreneurs significantly cut their costs by using the technology that’s around them in order to do the work of many. They are augmented by software. And uplifted by organic digital advertising. Robopreneurs show us all how to be savvier entrepreneurs and professionals.
What costs do you incur every month that you wish you could eliminate?
Senior Consultant at Korn Ferry
4 年Very interesting article, with some great insights. Especially relevant as the billable hours model within law firms is becoming increasingly outdated.
INDEPENDENT CONTRACTOR
4 年Glad it resonated. .Thank you Terry
Consultant | Sales & Marketing, Event Production and Sponsorship Management
4 年For a service like this I would find it incredibly valuable because as a business owner you always take your lease at face value. However, I am learning that not knowing your lease will cost you so much more than the services of a lawyer. Like many business owners you think that you can do everything yourself like accounting and legal services. You justify it by saying you’re saving yourself money but actually you’re losing money... And the longer it goes on the more money is lost.
Award Winning Artist and Designer?? Principal UX Designer??Innovation and Creativity Author
4 年This is some food for thought for my training business, QuHarrison Terry. Great article!