Replay - Pricing, Profits, and Payment Plans with Richard Formoe - 251

from Profit with Law: Profitable Law Firm Growth · host Moshe Amsel

Send us Fan MailShownotes can be found at https://www.profitwithlaw.com/251. 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 Smith.ai. Curious how you can use a receptionist service at your law firm? Download the Smith.ai free eBook: Are you Lawyering or Laboring? 7 Steps for Running a Highly Productive Law Firm with Virtual Receptionists. This episode is sponsored by Get Staffed Up. Learn more at www.profitwithlaw.com/getstaffedup 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 |

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This episode was published on October 5, 2021.

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