I last raised my fees 3 years ago after Covid to account for increased costs in Subscription Fees, Paper, Toner, Gas, and everything else. I had been in business for 10 years had not had a cost adjustment. I have not had any push back whatsoever from my Attorney Clients, but I did from the Title Insurance Compaies and some of the Vendor Management Companies. I was able to pick up current owner work for local Credit Unions for their HELOC mortgages and they appreciate the "hands on service". I have never had to solicet for clients, in that I have been lucky. I did discontinue servicing some of the more remote Counties with high subscription fees and I have had tons of requests to please add them, but it doesn't make financial sense for me. I am heading to retirement, so I think my prices and clients are set for the next 2 and 1/2 years. I feel for all of you that will be fighting the next wave of the "greatest thing to come down the pike" in these future years. Off Shore, Block Chain and now AI are "you get what you pay for" services. Nothing matches Experience, Knowledge and Expertise.
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