- Posted October 04, 2011
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The Firm: Discussing fees needn't be like getting root canal
By Stewart Hirsch
The Daily Record Newswire
When my coaching client, Craig, returned from the dentist following an unexpected root canal, he didn't complain about the pain. It was the sign in the reception area that got him: "Payment Expected at the Time Services are Provided."
"I was wondering why the dentist doesn't have any trouble insisting I pay him now," he told me. What he didn't understand is why some lawyers and consultants, including him, feel they have to tip-toe around the issue of discussing and collecting fees.
There are plenty of other professionals who don't have trouble asking for fees. Think medical providers and people like the snow plow driver, car mechanic, real estate broker, plumber or electrician.
Why is it that lawyers, consultants and others often have so much difficulty talking about fees? Why is it that we act like we'd rather get a root canal than discuss them? Clients expect us to be assertive when helping them -- so why do we dance around the issue of getting paid?
Here are three tips that just might help you ask for and collect client fees:
* Believe in yourself.
Acknowledge that you are good at what you do, and that your fees reflect the value of your work in the marketplace. If they do not, you'll find out soon enough.
* Deal with the topic sooner rather than later.
Transparency helps. Don't hesitate early on in the conversation to discuss your fees with a prospective client. Waiting too long may appear as if you're hiding something -- and it certainly makes it more awkward. Try saying something like: "I'm delighted to talk more about this. Let me give you an idea of costs so we're on the same page."
* Get personal.
When you send a bill, don't hide behind your firm's invoicing systems. If the bill seems higher than expected, let the client know in a separate note or call -- that reduces surprises and increases your reliability. If it's lower than expected, that's worth a call as well. Good news is appreciated. And the personal touch will go a long way toward growing trust in the relationship.
We all need to take our cue from those who don't mind asking for fees. As for Craig, he'll get another lesson when his dentist, without hesitation, tells him the cost for the cap to cover that root canal.
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Stewart Hirsch is a business development and executive coach and trainer and a former in-house lawyer. He is managing director at Strategic Relationships and heads the trust-based coaching practice at Trusted Advisor Associates. Contact him at (781) 784-5280 or s.hirsch@strategicrelationships.com. Follow him on Twitter @stewartmhirsch.
Published: Tue, Oct 4, 2011
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