Sick of being on the revenue rollercoaster?
$50,000 one month.
$87,000 the next.
Then back down to $42,000.
That was my reality my our old firm: revenue all over the place
It was chaos
But then, I had a crazy idea
What if we did something unheard of? This was a law firm. What did law firms NEVER do?
A subscription model
We flipped the script and offered clients a fixed monthly fee
REGARDLESS of how much work they sent us
Yes, we’d do unlimited work for a fixed fee
(people thought we were nuts)
But guess what?
It worked
Like, really worked
(no, we didn’t get crushed with work, because of how we priced)
But here’s where it gets really exciting…
We started with clients paying an average $2,000 – $3,000 monthly.
Flipping over to subscription, over the next two years we took our average to $11,000 – $19,000 monthly retainers
This wasn’t just a billing change
It was a business transformation
We became predictable
The lesson:
Don’t be afraid to break industry norms
Test crazy ideas
The biggest opportunities lie where others fear to tread