Jared Correia tackles a topic most attorneys dread: Math. Jared breaks down the three essential types of "covert math" every law firm owner needs to master—Business Math, Data Analytics, and Budgeting—to stop making decisions based on gut feelings and start building a lucrative practice.
Next, Jared is joined by the "Subscription King," Mathew Kerbis, CEO and Co-Founder of Practi.ai. Mathew shares his journey from a philosophy major and insurance defense litigator to building a "Shopify for law firms". They dive deep into the future of the profession, discussing how AI is making hourly billing obsolete and why lawyers must pivot to transparent, value-based pricing.
In this interview, we cover:
- The "0.3" Moment: The realization that led Mathew to abandon the billable hour.
- Practi.ai: How law firms can now offer e-commerce-style legal subscriptions and fixed fees.
- The AI Notebook Future: Using tools like Notebook LM to create curated knowledge bases for clients.
- Market Disruption: Why law firms that don't adapt to AI-driven efficiency will be "screwed".
Finally, in a special Counter Program Double Feature, Mathew quizzes Jared on the history of the billable hour, and Jared fires back with a game of "Unknowable Insatiable Cravings," debating the philosophy of whether cereal is soup
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- (00:00) - Intro & Monologue: Important Math for Law Firm Owners
- (01:05) - Why Lawyers Avoid Math (And Why They Shouldn't)
- (02:11) - Business Math & Technical Competency Rules
- (04:10) - Data Analytics: Turning Covert Math into KPIs
- (05:09) - Budgeting & Revenue Projection: The 50K Estate Plan Example
- (08:15) - Interview Start: Meet Mathew Kerbis
- (09:35) - The Mystery of the Single "T" in Mathew
- (11:36) - Origin Story: Mock Trials and Symbolic Logic
- (14:43) - The 0.3 Moment: Leaving Insurance Defense
- (15:31) - Recapping ABA Tech Show: The Google Workspace Advantage
- (18:45) - Becoming "The Subscription Attorney"
- (20:34) - From Coaching to Practi.ai: Productizing the Subscription Model
- (22:12) - Finding a Technical Co-founder via Y Combinator
- (24:29) - What is Practi? (Shopify for Solo & Small Firms)
- (27:48) - Overcoming the Hourly Billing Mindset
- (28:27) - Using Notebook LM for Curated Client Knowledge
- (31:13) - AI Pressure: Why Clients Won't Pay for 2-Hour Tasks
- (33:34) - Savvy Clients and Enterprise Grade AI
- (36:56) - The Go-To-Market Strategy: "Ask Your Lawyer About Practi"
- (39:13) - Counter Program: Double Feature Trivia Introduction
- (40:53) - Flip the Table: Billable Hour History Trivia
- (47:53) - Unknowable Insatiable Cravings: Is a Thumb a Finger?
- (49:12) - Is Cereal Soup? (And the Pop-Tart Ravioli Debate)
- (50:56) - The Straw Hole Philosophy
- (52:11) - Is a Muffin a Bald Cupcake?
- (53:42) - Outro & This Week's Playlist: Cross-Genre Covers
Click here to view the episode transcript.