Question
XYZ Law firm has hired you as a marketing consultant. They have created a legal software program that they believe would be extremely beneficial to
XYZ Law firm has hired you as a marketing consultant. They have created a legal software program that they believe would be extremely beneficial to their B2B clients, specifically ones that operate small businesses. The program is easy to use and would help small businesses create and print their own legal documents for simple matters. The law firm would now like to offer this to their B2B market but not all in the firm agree.
Coolidge understands that the firm's annual income is capped by billable hours and man power. "With only 24 hours in a day and 7 days a week, we must look to alternate means to increase revenue. We can do this with the software and perhaps in the future books or other technology-based means. We can achieve this without needing additional manpower or hours in the day." However, two junior partners in the firm, Rose McAdams and Jason Billard, are concerned with selling the firms software outright. "While this will create an immediate influx of revenue, the overall firm revenue could slide because clients would no longer need our services for these everyday small legal documents. Would the revenue from the software be enough to make up for the loss in billable hours?" Jason voiced similar concerns, however, believes that "While not all of our clients may be interested in doing their own legal documents, this could create problems or backlash if they fill out the forms incorrectly. We could then be liable. Right?"
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