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A Paradigm Shift:

Serve the Latent Legal Market and Ditch the Billable Hour

Mathew Kerbis, The Subscription Attorney

Joshua Lenon, Lawyer in Residence at Clio

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In this session, you’ll learn:

(1) Implications of AI efficiencies on billing time

(2) Data on the latent legal market and AI+legal services

(3) How to correctly use artificial intelligence for legal services

(4) The most profitable way to ethically bill clients when using AI

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Mathew Kerbis Bona Fides:

Launched Subscription Attorney LLC in March of 2022

Using AI since launch (still a daily user)

Using Generative AI since November 2022 when ChatGPT launched

Teaches lawyers how to ethically use AI in law practice

Target market is latent legal market

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JOSHUA LENON

Lawyer in Residence

Joshua.lenon@clio.com joshualenon.bsky.social @JoshuaLenon

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Part 1

Shifting Paradigm

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Bryce Tarling

Staff EWdriittoerr and

Sasha Perrin

Director, Content and Communications

Ardo Illaste

Staff Data Scientist

Emi Zibaei

Brand Designer

Irina Otubela

Marketing Project Manager

Irene O’Brien

Brand Strategist

Simona Mackovichova

Researcher, Customer Insights

Amanda Seigmann

Brand Designer

Kate Rattray

Content Writer

Roger Purcell

Director, Strategic Research

Meggie Javid

VP, Business Operations

Amir Danak

Senior Director, Head of Data and Analytics

Sonal Bihani

Data Scientist

Ally Reeves

Brand Designer

Brandon Lau

Brand Designer

Julia Yaroshinsky

Sociographic Researcher

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Vetting and intaking new clients

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Latent Legal Market:

According to Grand View Research, approximately $396.80 billion was spent on US legal services in 2024

https://www.grandviewresearch.com/industry-analysis/us-legal-services-market-report

World Justice Project estimates that 77% of US legal issues are unresolved by a lawyer (https://worldjusticeproject.org/)

Only 23% of the market is being served by lawyers

Potential legal market of approximately $1.328 trillion

Probably greater since this is based on most fees being billable hours

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Ethical Considerations:

Using AI incorrectly can result in…

Sanctions

Censures

Disbarment

Loss of trust

Ruined reputation

Disengaged clients

and more

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Generative AI:

What makes AI generative?

It generates something!

Analysis is not generative but it can be powered by AI

GenAI can revolutionize the practice of law when used correctly

GenAI is not a source of facts or data

YOU are the source of facts or data

It’s not perfect but it’s less prone to error than humans

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Retrieval-Augmented Generation:

What is retrieval-augmented generation and why does it matter?

RAG is when Generative AI (GenAI) draws from a specific source of truth when responding to a prompt.

The purpose is to improve the accuracy and relevance of responses.

External knowledge sources include documents, databases, and APIs.

Reduces if not completely eliminates “hallucinations.”

LLMs are not necessarily trained on the sources of truth.

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GPT Wrapper:

Provides a user-friendly interface to interact with and utilize LLMs

Sits on top of the core GPT language model, providing a more accessible and purpose-built user experience

Makes it easier for users to leverage the capabilities of GPT models without having to directly interface with the underlying API or complex prompting

Pre-built templates, industry-specific/specialized models, and mechanisms for user feedback to improve the outputs

Simplify user experience and making GPT more accessible

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GenAI is like…

The smartest person on the planet

Who is your assistant

Has read everything on the Internet

Works for free

Or for a much lower cost than a human assistant

But they’re an entry level worker

This is their first job

And it’s their first day on the job

And it’s like that every time you start a new conversion with them

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GenAI is like…

What would you do?

You’d provide a lot of context

And follow up and iterate on whatever the work product is

You would not give up if they didn’t get it right the first time

Would you trust this assistant as a source of truth?

Of course not!

This assistant is also not socially well adjusted and doesn't know how to say no or ask follow up questions (unless it does as a GPT wrapper)

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GenAI is not…

A calculator

2+2=4 is an immutable truth, and once programmed it always gets it right

Language is all made up and the meaning changes with context

GenAI is a probabilistic model guessing the next most likely word

This is why it can never be relied on, on its own, as a source of truth

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General Use vs. Legal-Specific AI:

What makes an AI legal-specific?

The vendor will tell you it’s designed for legal.

Is that enough?

No - but’s a good start.

Inputs/uploads/prompts will not train underlying LLMs.

Each user and/or client will have a separate layer/instance from the LLM and can be replicated through the firm or per client.

Higher security for compliance such as with HIPAA/SOC 2.

Company reps cannot access your data or prompt history.

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SOC 2 Compliance:

“SOC 2 stands for System and Organization Controls 2. It was created by the American Institute of Certified Public Accountants (AICPA) as a way to help organization’s verify their security and reduce the risk of a security breach. The name relates to which controls are being assessed, which for the case of SOC 2, is an organization's data security controls across their technical system and day-to-day operations.”

-Vanta.com

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General Use AI:

Underlying large language models powering the GenAI is training on all documents and prompts put into the tool.

Default typically doesn’t use RAG.

Company can access your prompt history and past uploads.

Less reliable results.

Broader use cases.

Perplexity, NotebookLM Plus (and other Gemini tools), and Descript

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Legal AI Categories:

Assistants

Research

Analysis

Database/Knowledge Base

Litigation

Drafting

Intellectual Property

Augmentation

(See end of deck for specific tools)

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AI Tips:

Written/spoken natural language is the interface

Follow up, follow up, follow up

Context windows matter

The power of personas

The future is agentic

Non-legal tasks

Client/subscriber benefit

Subscriber benefit is access to models trained on firm data

Internal version for firm team members to use to increase productivity

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70%

Over 70% of mid-sized law firmsʼ time entries come from non-lawyers

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Part 2

Shifting Billing Models

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Hypothetical:

You charge $500/hour

10 hours of billable time makes you $5,000

Generative artificial intelligence can make 10 hours of billable work only take 10 minutes

Under the billable hour in a GenAI world, $5,000 worth of work is only billable at $100

What do you do?

Raise your rates?

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Hypothetical:

To make .2 of an hour worth $5,000 means your billable hour rate would be $25,000/hour

That’s a 5,000% increase to your hourly rate (or 50x)

Will your clients be happy to be to pay that rate?

Are you ethically allowed to charge that high of a rate?

What does that mean for serving the latent legal market and access to justice?

What are your options?

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The era of the billable hour is over…

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Enter the subscription model.

Finally!

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ABA Model Rule 1.5:

Terms of Payment

Comment: [5] a lawyer should not enter into an agreement whereby services are to be provided only up to a stated amount when it is foreseeable that more extensive services probably will be required, unless the situation is adequately explained to the client…A lawyer should not exploit a fee arrangement based primarily on hourly charges by using wasteful procedures.

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Why the Subscription Model?

Not using AI in your practice means that you are exploiting a fee arrangement based primarily on hourly charges by using wasteful procedures

Adoption of most legaltech eliminates billable hours

Client expectations have changed

Remote meetings are expected

Cost transparency demanded

Easy scheduling is expected

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Subscription Model Benefits:

Predictable MRR and ARR

Predictable and transparent pricing for clients

Clients are not afraid to call or contact you

Fosters ongoing relationships with clients

Incentivized to be efficient and effective (adopt technology)

Scale is possible without more hiring

Overcome the labor shortage

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Subscription Model Benefits:

Reduced burnout

Improved mental health

Attorneys are rewarded for efficiency

Compete with other industries offering a 4-day work week

Alleviate the need for reregulation (Utah, Arizona, ALSPs)

Increases A2J and attorney bottom-lines

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Subscription Model Benefits:

Lifetime Value (LTV) for and from clients

Market opportunity for institutional clients who want to cut costs

Blue ocean market opportunities to clients previously priced out of billable hour and traditionally priced legal services

Competing with LegalZoom but actually providing legal services

Latent legal market

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Adapting the Subscription Model:

Pure subscription model

Subscription + flat fees

Subscription add-ons

Practice areas

Transactional

Litigation

Pricing

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Pure Subscription Model:

Trademarks: Unlimited C&D; Unlimited attorney-client communications; 3 trademarks searches; 1 trademark filing

Fractional (outside) in-house counsel: employment; contracts; etc.

Document marketplace with optional automation and legal advice

Legal adjacent services (how to comply with probation program)

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Subscription + Flat Fee Model:

Corporate formation

Real estate

General transactional

Estate planning

Unbundled services and flat fee add-ons

Litigation

Criminal defense

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Pricing Subscriptions:

Keep it simple!

No more than 3 offerings at a time

Give options of different tiers/levels

A low accessible price for the market you are trying to serve

Offer subscription add-ons to lower level subscribers

Bundled services with higher subscription levels should be a discount on a la carte flat fee services and include subscription add-ons

This helps sell the value of higher subscription levels

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Pricing Subscriptions:

See my website for examples

I chose $19.99/month to compete with consumer spending on other subscriptions like streaming services and even business tech

I charge $49.99/page for document drafting/analysis

I have 3 buckets and 2 tiers per bucket

I offer my entry level subscription with similar benefits to employers as a benefit to their employees

https://subscriptionattorney.com/#allaccess

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Subscription Model Strategies:

Easy unsubscribe and resubscribe

Same account information

Offer a reduction in subscription level, if applicable, to stop churn

Anti-law firm approach

Traditional looking law firm with this model

Trade name firm niching down

Non-English opportunities

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Technology you need:

Artificial intelligence

Automate processes

Document automations

Client portal

Online payments

Client relationship manager

Newsletter tool

Scheduling tool

Voice over internet protocol

Secure video calls

Secure document sharing

PDF editor

eSignatures

Knowledge base

(See end of deck for specific tools)

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Final Tips:

Look for tools with unlimited usage as part of the subscription

Subscriptions are about scale, so the more clients you sign up makes these tools more than pay for themselves

It’s easier to spend on technology when you know how many subscribers pay for your subscriptions used to power your practice

The same is applicable to any monthly spend (insurance, salaries, etc.)

Look at marketplaces like LawNext, Legaltech Hub, Above the Law

Stop billing time and switch to a more profitable business model

Be transparent with your fees somewhere (agreement/website/portal)

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Contact Information:

Mathew Kerbis, The Subscription Attorney

LinkedIn: linkedin.com/in/kerbisverse

Law Firm: subscriptionattorney.com

Legal Podcast: www.lawsubscribed.com

Kids Podcast: www.lawforkidspodcast.com

Course: subscriptionseminar.com

Email: kerbis@lawsubscribed.com

Joshua Lenon, Lawyer in Residence, Clio

LinkedIn: linkedin.com/in/joshualenon

Clio: www.clio.com/clio-home

Guide: www.clio.com/guides

Resources: www.clio.com/resources

Email: joshua.lenon@clio.com

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Legal AI Assistants:

Paxton (proprietary Legal LLM)

LawDroid (customizable)

GC AI (in-house)

Legalyze (practice area agnostic)

Legora, formerly Leya (practice area agnostic)

Centari (transactional)

Eve (litigation focused)

Alexi (litigation focused)

Callidus (litigation focused)

Harvey? (speculation)

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Legal Research:

Paxton

Vincent/vLex

CoCounsel

LawDroid

Lexis+AI

Responsiv

Eve AI

Callidus

CaseSnappy

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Analysis:

Paxton

Vincent/vLex

CoCounsel

LawDroid

Lexis+AI

Responsiv

Leya

GC AI

LegalOn

SpeedLegal

Robin AI

Legalyze

Lexion

Luminance

eBrevia

Ivo

Kira

LexCheck

Centari

Callidus

The Contract Network

Legalfly

Legl

Sirion

ContractPodAi

ClearyX

MyCase IQ

AffiniPay IQ

Dioptra

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Data and In-Firm/House:

Clio Duo

Centari

Leya

Deliberately

Harvery AI

Trellis

Filevine AI

Streamline

Cobalt

Evisort

Lexion

GC AI

Eve AI

Onit

Ontro

Callidus

Legalfly

LawDroid

Checkbox

Legl

Josef Q

ContractPodAi

MyCase IQ

AffiniPay IQ

Amazon Q

Wordsmith

Standd

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Litigation:

Parrot

Skribe

Briefpoint

EvenUp

Filevine AI

GenLaw

Alexi

ProPlaintiff

Eve AI

Callidus

LegalMation

CoCounsel

Lexis+AI

RPX Empower

ContractPodAi

Darrow

Steno

eDiscovery AI

AI.Law

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Drafting:

Hyperdraft

Paxton

LawDroid

Spellbook

Clearbrief

Leya

Legalyze

Centari

Gavel

The Contract Network

Callidus

Legalfly

Henchman

ContractPodAi

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Intellectual Property:

Patented AI

Huski

Tradespace

Solve Intelligence

RPX Empower

Patsnap

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Augmentation:

Screens AI (acquired by Agiloft)

Gavel (formerly Documate)

PatternBuilder (NetDocs)

Josef Q

SixFifty

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Automation Tech:

Gavel (formerly Documate) (a Law Subscribed sponsor)

SixFifty (a Law Subscribed sponsor)

Legal Karma (estate planning)

IICLE’s Formulaw

PatternBuilder (formerly AfterPattern before NetDocs acquisition)

GenAI (Large Language Models)

eDiscovery (Machine Learning + LLMs)

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Client Portal Tech:

LegalTech

Fidu

Rally

Clio

MyCase

PracticePanther

Smokeball

Filevine

Non-LegalTech

SuiteDash

Outseta

Copilot

Clinked

SmartVault

Wordpress plugins:

WooCommerce

MemberMouse

Client-Portal.io

Many more…

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Online Payments Tech:

Stripe

Recurly

Chargebee

Chargify

ProfitWell

Paddle

Braintree

Trust Accounting Options

Confido Legal

LawPay

QuickBooks

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Scheduling Tech:

Calendly

Hubspot

Acuity

Google Appointments

Microsoft Bookings

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Newsletter Tech:

Substack (can also publish video podcasts)

Beehiiv

Brevo

Mailchimp

Hubspot

Constant Contact

Built-in with CRM or client portal

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CRM Tech:

Microsoft Excel

Google Sheets

SuiteDash

Hubspot

Clio Grow

Lawmatics

Other client portals

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VoIP Tech:

Google Voice

OpenPhone

Zoom

GoToConnect

RingCentral

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Secure Video Tech:

Zoom

Microsoft Teams

Google Meet

GoTo Meeting

Webex

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Secure Document Sharing Tech:

Google Docs via paid Google Workspace account

Microsoft Sharepoint/OneDrive

Dropbox

Box

Client portal feature (i.e., SuiteDash)

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PDFs and eSignatures Tech:

Adobe Acrobat Pro (both)

Google Workspace Business

Power PDF

DocuSign

DocHub

Client portal feature

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Knowledge Base Tech:

Notion (GenAI integration lets you query against it)

NotebookLM (Google Gemini)

Zoho Desk

Zendesk

Wordpress plugins

Google Docs via Workspace

Microsoft Sharepoint

Client portal feature (Fidu)

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Integrations Tech:

Zapier

Make (formerly, Integromat)

IFTTT (If This Then That)

Hubspot

Stripe (or alternative)

Client portal feature