Pricing, Profits, and Payment Plans with Richard Formoe - 184
Shownotes can be found at https://www.profitwithlaw.com/184.
Have you ever put yourself in your client’s shoes? Your client’s personal experience may be something you’re not used to or even aware of. Recent surveys show a miscommunication between what clients want and what lawyers think their clients want. How can we bridge that gap with payment plans?
In this episode, Richard Formoe joins Moshe Amsel to talk about changing our model into flat-fee pricing. He also discusses how multiple payment plans can give power and transparency to clients. Making life easier for our clients should not harm our business. In fact, by making things convenient and affordable, we can drive up revenue and even save precious time!
If you want to know more about improving your pricing and payment plans, then this episode is for you.
Resources mentioned:
This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.
This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant. Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny. Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data. Visit trustnota.com to learn more. Terms and conditions may apply.
This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more.
Episode 39 - Business Advice From A Law Firm Owner With an MBA with Devin Miller
Episode 106 - Legal Products Instead of Services with Bobby Klinck
Episode 132 - He's Back! Team Building, Marketing, and More with Devin Miller
Episode 147 - Unpacking the 2020 Clio Trends Report
Episode 150 - To Achieve Success - Spend a Day in Your Client's Shoes with Jim Armstrong
Episode 160 - Let Your Clients Do Your Drafting, How's That for an Idea
Connect with Richard: LinkedIn | Email
2020 Legal Trends Report from Clio. If you’re looking for highlights instead, access the summary here.
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Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/
