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(79) Building an Alternative Fee Book of Business with Scott Simmons of LegalBalance

Mathew Kerbis, The Subscription Attorney

Scott Simmons is a former lawyer who now coaches attorneys on business development and rainmaking. Simmons shares his journey from practicing law to becoming a business development consultant, highlighting his early experiences with value-based pricing and client-centric approaches. He emphasizes the importance of moving away from the billable hour model, which can lead to burnout and hinder client relationships.

The conversation delves into the benefits of subscription-based legal services and alternative fee arrangements. Simmons argues that these models allow lawyers to focus on providing value, building stronger client relationships, and engaging in proactive problem-solving. He discusses the challenges of selling "problem avoidance" to clients and the need for lawyers to educate potential clients about the value of legal services. The discussion also touches on the importance of pricing strategies and how they relate to business development efforts.

Finally, Simmons stresses the critical need for lawyers to build a book of business in today's competitive legal market. He encourages attorneys to embrace sales and marketing as essential skills, emphasizing that any lawyer can become a rainmaker with the right mindset and tools.

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Law Subscribed
Law Subscribed
Mathew Kerbis interviews attorneys and technologists building for subscription legal services and other innovations within the law.
https://linktr.ee/lawsubscribed.