Law firm partners Damien Weinstein and Brian Klein discuss their journey of founding Weinstein + Klein, a New Jersey-based firm, after leaving their previous positions at larger firms about six years ago. The two attorneys share their early experiences of starting a firm with minimal resources and learning through trial and error. They emphasize their focus on being a good business rather than just a good law firm, with Weinstein handling corporate transactional work and Klein focusing on employment law and litigation.

The partners detail their recent transition to a subscription-based billing model, moving away from traditional hourly billing. They explain how they discovered this model when a client requested a flat monthly fee, and how they've since refined their approach to include regular client updates, proactive communication, and will incorporate comprehensive monthly summaries of work performed. While they acknowledge some challenges in convincing established clients to switch to the subscription model, they highlight the benefits, including better client relationships, more proactive legal work, and the ability to provide value beyond traditional legal services. The partners note that their subscription model allows them to serve as fractional general counsel for small and mid-sized businesses at a cost significantly lower than hiring traditional in-house counsel.

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