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Flat-Fee Billing with Michelle Bomberger
Manage episode 444444950 series 3583204
A tartalmat a Alay Yajnik biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Alay Yajnik vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
In this episode, Alay and Michelle discuss:
- The benefits of using a flat fee vs. the billable hour.
- Tracking your time to understand your costs and capacity.
- Utilizing AI and other technologies to better serve your clients.
Key Takeaways:
- Not knowing if the law fee is going to be $1,000 or $10,000 is what often keeps people from calling a lawyer.
- The fear of cost seems to override the client’s ability to take advantage of legal resources.
- Large companies have multiple general counsels. It’s not for firefighting, it’s for planning. Small businesses don’t have that and are at a disadvantage in that way.
- AI will allow lawyers to better serve their clients with the things only they can do – which is thinking about and understanding the law.
Tweetable Moments:
- “It takes time to evaluate where your time is going.” — Michelle Bomberger
- “You have got to track your time. If you think it’s important for attorneys who bill hourly, it’s at least as important for attorneys who bill on a flat fee basis.” — Alay Yajnik
- “All AI and these other tools are going to do is make us more efficient.” — Michelle Bomberger
About Michelle Bomberger:
Michelle Bomberger believes that every business deserves to have the same strategic law advantages as mega-corporations. She is the CEO and Managing Attorney at Equinox Business Law Group. Her experience as a business owner and entrepreneur gives Michelle unique insights into the emotional and practical aspects of owning a business and how important legal infrastructure is to growth and success.
Connect with Michelle Bomberger:
Website: https://www.equinox.law/
Facebook: https://www.facebook.com/Equinoxbusinesslaw/
Twitter: https://x.com/equinoxlaw
LinkedIn: https://www.linkedin.com/company/equinox-business-law-group-pllc/
LinkedIn: https://www.linkedin.com/in/michellebomberger/
YouTube: https://www.youtube.com/channel/UCTEE4EFZH16GE-1zkiEvFUg
Connect with Alay Yajnik:
Podcast: http://lawyerbusinessadvantage.com/
One Page Strategic Plan: LawFirmSuccessGroup.com
Email: Alay@YajnikGroup.com
LinkedIn: linkedin.com/in/alayyajnik
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