Ep 221: Building A Subscription Law Practice, with Fidu Cofounder Kimberly Bennett

LawNext

Soon after starting her own law practice, Kimberly Bennett decided there had to be a better way than the billable hour to charge for her services. She wanted predictable pricing for her intellectual property clients and predictable income for herself. That led her to subscription-based legal services, charging her clients a flat monthly fee, and it worked so well for her that she became not just an adopter of the model, but an evangelist – a frequent speaker and writer on starting and scaling a subscription-based law practice.

In 2021, Bennett took that passion for subscription services beyond law practice and into legal technology. She became cofounder, together with Blaine Korte, of Fidu, a cloud platform designed to provide lawyers with everything they need to build a scalable subscription or flat-fee based law practice. Just a few weeks ago, Fidu won the Clio Integration Award for Best Practice of Law App.

Bennett was previously on this podcast in August 2020, before she cofounded Fidu, and we talked at length then about her career, her law practice, and her adoption of the subscription model. In today’s interview, we focus on Fidu and discuss how it can help a lawyer convert an hourly practice to a subscription or flat-fee one. We also talk about Bennett’s experience going from law practice to entrepreneurship, particularly as a Black woman.

Thank You To Our Sponsors

This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.

• Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.

• Universal Migrator, the easiest way to move your firm’s data and documents from one app to another.

• Trial Pad, an easy-to-use app to organize, annotate, and present evidence

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