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Beyond the Billable Hour: Innovative Pricing Models for Law Firms
In this episode of Go with Kyle Harbaugh, business strategist Kyle Harbaugh breaks down how law firms can move beyond traditional hourly billing and adopt modern pricing models that better serve clients and increase profitability.
Kyle discusses why the billable hour is outdated, explores flat-fee, value-based, and subscription models, and shares how firms can implement these strategies to create more predictable revenue and stronger client relationships.
Key Timestamps
00:00 – Why law firms rely on the billable hour and its biggest downsides
02:00 – Alternative pricing models: flat fee, value-based billing, and retainers
04:00 – Benefits of subscription and recurring legal fee structures
06:00 – How to choose the right pricing model for your firm
08:00 – Systems and data tracking needed for non-hourly models
10:00 – Common mistakes firms make when shifting away from billable hours
11:00 – Success story: how one firm tripled its revenue in nine months
About the Show
Go with Kyle Harbaugh helps law firms, financial advisors, and business owners combine traditional growth strategies with the power of AI to thrive in a changing marketplace. Each episode delivers clear insights on scaling operations, driving efficiency, and building sustainable business growth.
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By dennis2qIn this episode of Go with Kyle Harbaugh, business strategist Kyle Harbaugh breaks down how law firms can move beyond traditional hourly billing and adopt modern pricing models that better serve clients and increase profitability.
Kyle discusses why the billable hour is outdated, explores flat-fee, value-based, and subscription models, and shares how firms can implement these strategies to create more predictable revenue and stronger client relationships.
Key Timestamps
00:00 – Why law firms rely on the billable hour and its biggest downsides
02:00 – Alternative pricing models: flat fee, value-based billing, and retainers
04:00 – Benefits of subscription and recurring legal fee structures
06:00 – How to choose the right pricing model for your firm
08:00 – Systems and data tracking needed for non-hourly models
10:00 – Common mistakes firms make when shifting away from billable hours
11:00 – Success story: how one firm tripled its revenue in nine months
About the Show
Go with Kyle Harbaugh helps law firms, financial advisors, and business owners combine traditional growth strategies with the power of AI to thrive in a changing marketplace. Each episode delivers clear insights on scaling operations, driving efficiency, and building sustainable business growth.