Customers subscribe to Netflix for $9 per month to stream movies and tv shows. Now new law firms are adopting a subscription model for their clients. Clients pay a set fee each month for legal services, regardless of the number of hours spent.
I think that this model works best for new law firms that serve midsize companies. I imagine that the monthly fee is in the thousands (since the firms did not post their monthly rate). It would be difficult for established firms with entrenched cultures centred on the billable hour to implement a true subscription model. As Pamela Woldow states “most alternative fee arrangements are time and billing in drag”.
I wonder if this model can be adopted for smaller clients. Or would it lead clients to exploit their lawyer?