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Pricing for Profit — How Law Firms Can Stop Leaving Money on the Table
Manage episode 494619425 series 3552491
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Episode Summary:
Ryan Kimler dives deep into why law firms often underprice their services and provides practical strategies for implementing effective pricing models. Learn how to evaluate your firm's profitability, set appropriate rates, and transition between hourly and flat-fee structures.
Key Timestamps:
00:04 - Introduction and episode overview
01:05 - Why law firms underprice their services
05:02 - How to evaluate before raising rates
07:21 - The 20-25% pricing rule
08:31 - Connecting pricing to profitability
13:40 - Pros and cons of flat-fee pricing
17:30 - Transitioning from hourly to flat-rate pricing
About The Show:
The Legal CFO is the show where clarity meets profitability. Each episode breaks down the business side of law with straightforward approaches and strategies to help law firms run smarter, earn more, and scale with confidence.
100 episodes
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