Why the Billable Hour is Dead: Unlock Explosive Growth with a Subscription Model ft. Matthew Kerbis (Ep. 83)
In a landscape where the billable hour increasingly feels like a relic of the past, could there be a more efficient and lucrative way to run your law firm?
On this episode, guest Mathew Kerbis details the numerous advantages of shifting from the traditional billable hour to a subscription-based model. As the founder of “Subscription Attorney LLC,” he shares his experience in establishing this new paradigm, highlighting its financial benefits and operational efficiencies. Matthew explains how this model has enabled his firm to achieve predictable revenue streams, significantly lower operating costs, and enhanced client engagement.
Matthew discusses:
- How he established his subscription model law firm with just $5,000 in the first year.
- The importance of recurring revenue, which now constitutes about 60% of his firm’s income.
- Effective strategies for targeting underserved and small business markets with affordable legal services.
- How subscription pricing enhances transparency and client trust.
- The critical role of technology in optimizing service delivery and efficiency in law firms.
Resources:
- Book a Call with Darren
- Wurz Financial Services
- The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
- LinkedIn: Darren P. Wurz
Connect with Matthew Kerbis:
- Linkedin: Matthew Kerbis
- Press Kit: Matthew Kerbis
- Website: Matthew Kerbis
- Website: Subscription Attorney
Podcast: Play in new window | Download | Embed