How To Build And Manage Your Law Firm Rate Sheet
If you’re struggling with price setting — or, resetting prices — we’ve got the strategies to get you off the schneid.
Rate setting for law firms is really difficult, and that’s true for any point in the life cycle of the law firm.
It’s just tough to figure out what to charge when you’re starting a firm — because there is limited information on options, and also because your competitors do not want to compare pricing options with you. Trust me.
On top of that, established law firms are notoriously bad about revising and/or raising their rates on a recurring basis — in fact, most law firm pricing structures don’t even keep up with inflation.
So, the obvious questions become: How do you choose law firm rates in the first place, and then how do you keep them relevant?
Now, because we’re a podcast about legal technology, it probably also makes sense for us to talk about how the right software can help you to set rates, send invoices and get paid — and so, we will also do just that!
That’s precisely why we brought Joyce Brafford of ProfitSolv onto the Non-Eventcast. As co-host of this exceptional set of special episodes, she’ll be discussing all of this, as well as launching our new recurring segment: “Cryptid Corner,” where we address strange and mysterious creatures that may or may not actually exist.
This is the fourth episode in a yearlong, monthly series that we will be releasing with our partner, ProfitSolv. This episode is sponsored by Rocket Matter.
If you’re struggling with price setting — or, resetting prices — we’ve got the strategies to get you off the schneid. And, once you’ve figured that out, we’ve also got some advice on utilizing software tools to distribute your invoices and get paid.
It’s all here, on the Non-Eventcast podcast — where we’re always right on the money.
Jared Correia, a consultant and legal technology expert, is the host of the Non-Eventcast, the featured podcast of the Above the Law Non-Event for Tech-Perplexed Lawyers.
