subscriptions

Do you know the 5 Cs of Value?

My friend John Chisholm hit the big time last week, he made the front-cover of Issue No.5 2021 of Legal Business World. All joking aside, John’s article ‘Who subscribes to your law firm?‘ (starts on page 8) is a really good read.

One of the gems I took away from John’s article is what he calls: ‘The 5Cs of Value’, which are (in his words):

  • Comprehend value to clients.
  • Create value for clients.
  • Communicate the value you create.
  • Convince clients they must pay for value.
  • Capture value with strategic pricing based on value, not costs and effort.

These are really good cornerstones to have, even if you don’t subscribe to John’s views of value-based pricing (did you see what an did there 🤪).

In any event, if you are new to the concepts of subscription and value based pricing, read the article because you’ll get a lot out of it.

And if you want to know more about the important topic of value based pricing in law firms, call him – but make sure to extract as much value as you can from him!

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