Subscriber Count: Building Law Firm Subscriptions Is Not Easy, But It's Worthwhile
Law firms continue to experiment with different payment models ; and, that includes subscriptions . Subscriptions are popular, because it’s consistent recurring revenue – which everyone is looking for . That’s one of the reasons why technology companies are so valuable . And, if’s the same reason why lots of professional service providers (like law firms, but also like IT providers) are moving to subscription pricing . One of the biggest challenges to implementing a subscription system is building out the inclusions . That’s harder than setting the price point, frankly . But , the best part about subscriptions and flat fees is that , generally speaking, law firms make more money doing work in that way, than they do on traditional billing – as much as 20-30% more , in fact . But, back to the main question: How do you set up a subscription option ? Think of it as stacking services, and constructing an offering that is more app...