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Archive for July, 2011

Keeping Up in 2011: External Opportunities Recommendations

Friday, July 29th, 2011

Over the course of this series, we’ve discussed several of our recommendations for keeping up in 2011 by improving client relationship management (tips 1 and 2) and internal processes (tips 3 and 4). Without a doubt, when it comes to growing your business, your clients and your internal people and processes can have a big impact on achieving success. But external factors outside of your control can also have a considerable impact on whether your business thrives or just survives in 2011. Here are a few opportunities to look outside your client roster and your current business to ensure continued success:

  1. Evaluate Community, Business, and NPO Involvement: Giving back to the community is extremely important, but choosing the right organization is critical. Finding an organization that marries community participation with networking will increase your firm’s chances for landing new business. Continue with nonprofits or local associations, but also find programs that will contribute to your firm’s success. In addition, conferences, alumni groups, and nonprofits can be a great place to let new attorney’s get their marketing “feet” wet.
  2. Stay Relevant & Keep Up with Trends: In every industry, especially with an ever-changing economic climate, keeping up to date with changes is important to staying relevant. Most universities and local chambers of commerce offer frequent updates along with national publications, conferences, and surveys. A variety of organizations provide insight into trends and changes, such as the Alternate Fee Arrangement, that allow you to see how competitors are winning business. The information is available and pertinent, but it’s up to you to go digging and use the findings to your advantage.



The key is to focus on who you know and who you can get to know. With strong client relationships and some internal and external improvements, your firm can significantly reduce complexity and streamline the business development process.


Never be too busy to invest time into great opportunities. In this series we’ve looked at how to simplify your firm’s core components of business development. As a law firm marketing consultant group, the Closers Group assists firms in developing and refining their marketing techniques and strategies based on these six, basic recommendations. Rather than suggesting a complex, tortuous strategy that actually decreases efficiency and productivity, we focus on keeping it simple and getting results. If you’d like to learn more about how we can help your firm achieve success, contact us today for a consultation.

Keeping Up in 2011: Internal Success Recommendations

Monday, July 25th, 2011

When it comes to achieving success, it’s not just about what you’re doing for you clients–what’s going on internally is equally, if not more, important than the rest. In our previous post, we discussed better serving and working with clients or prospects through enhanced efforts and relationship building. And while clients are the meat and potatoes of your business as we discussed in tips 1 and 2, at the core of your business are your own staff and internal systems. So today, we’re going to focus on you, and what’s inside your business.


When it comes to taking a closer look at the inner workings of your firm, here are a few elements you’ll want to consider:

  1. Build Business Development Talent: The past few years, law firms have been holding back and not investing in business development. Though the economy has taken its toll, the time to take action is now. Provide your attorneys and marketing professionals with the valuable training, support, and incentives that will bring results. This investment will yield new business now and down the road. While many firms are still holding back, go on the offensive and start building.
  2. Review Pitch & Proposal Success: You may have an exceptional line-up of lawyers, but if your management of pitch and proposal activities is mishandled then the process will become ineffective. Coordinating and collecting approaches, responses, follow-ups, and client decisions in an organized fashion will help create a streamlined sales and marketing plan. A strong pitch and proposal plan will increase both your efficiency and your ROI. Your firm will learn what works, what appears to be irrelevant, which services are being requested, and more that will help you plan for future pitches and proposals.



When revamping internal processes, you can expect some initial reluctance from colleagues, but after you work through this you’ll find that it is worth the effort. Developing talent is one of the best ways to increase productivity and new business. This tactic is the only of the six we’re discussing in our blog post series that may cost money, but the ROI is far greater than the cost. Reworking internal processes can increase efficiency and decrease time spent on searching for information lost in the shuffle while improving business development techniques. In the last installment of this series, we’ll be looking at external factors to stay abreast of in order to increase opportunities.

Keeping Up in 2011: Client Recommendations

Wednesday, July 20th, 2011

The past year has proven tough for all types of businesses, including law firms. With increasing client workload in the face of a faltering economy, law firms need to concentrate on achieving solid, measurable results. Keeping up in 2011 requires cultivation and reinforcement of sales skills and closing techniques through tried & true tactics. In this series of blog posts, we will discuss six Closers Group recommendations for law firms that will help you withstand the test of time and will prove worthy of your time.


Today, it’s all about your clients:

  1. Expand Client Efforts: Many firms make the mistake of never expanding their efforts with current clients. By asking clients how your firm is performing and what else they need, you can improve client retention and increase your business across and within practice groups. Many firms conduct client service surveys, but this is not in itself enough to win new business. According to one in-house counsel, firms rarely follow through after surveys or interviews–a huge missed opportunity.
  2. Enhance Relationship Building: Building, maintaining, and cultivating client relationships is more important than ever in this market. Clients value relationships and relationships build trust, loyalty, and retention. Know the voice of the client: go where they go, read what they read, and know who they know. Ask them to participate in a conference, to co-author an article, and to speak to your younger attorneys—or consider inviting them to join you for a round of golf or going to the opera. Spend time building the relationship now and down the road, you’ll be able to ask for references and introductions.



Often we get by just doing the minimum required because we’re busy. But if you’re looking to grow in this economic climate, that approach doesn’t cut it anymore. Going above and beyond by following through and reaching out further will result in happy attorneys and happy clients. You may already be in the RED ZONE, but you still have to focus on closing the deal. In the next post of the series, we’ll discuss the importance of maintaining and building effective internal strategies that strengthen a law firm’s core –its employees.

Seeing is Believing: Legal Directories

Friday, July 15th, 2011

In our previous post, we looked at a survey conducted at the ALM Marketing and Business Development Leadership Forum and talked about how the responses they received weren’t fully in line with our own experiences. And when it comes to law firm directories, our opinion again differs from the survey’s findings.


According to the survey, 80% of chief marketing officers said law firm directories played no role in their marketing efforts. However, I think that the findings here don’t seem to accurately represent the reality, and if you look at the results from the2011 BTI Survey, you’ll see that I’m not alone in my belief. Answers from the BTI Survey respondents showed that law firm directories can actually play an important role in a firm’s marketing efforts. The BTI Survey in-house respondents asserted that they use directories in the following ways:

  • 81% use directories to identify outside counsel in an unfamiliar jurisdiction
  • 70% use directories to identify outside counsel experts in an unfamiliar legal matter
  • 77% use directories to validate the credentials of a referral
  • 73% use directories to evaluate outside counsel qualifications
  • 56% use directories to compare outside counsel qualifications to competitors
  • 45% use directories to conduct periodic reviews of current outside counsel



Whether your law firm is the outside counsel or you’re looking for outside counsel, we’ve found that directories are a great resource. But which directory is the best? According to the BTI Survey, 71% of respondents used Martindale-Hubbell to find other lawyers, while a sprinkling of other respondents used resources such as LinkedIn, Chambers, and the ACC Value Index.


While there are a number of ways to find outside counsel, directories are a great tool that should not be disregarded by your CMO. You may find that you can get to the RED ZONE with a little help from directories. Ask around to see which directories clients and prospects use to get a good sampling.

To Be or Not To Be: What Chief Marketing Officers Reveal

Monday, July 11th, 2011

At the recent ALM Marketing and Business Development Leadership Forum, a number of chief marketing officers were present to weigh in on a variety of topics relating to law firm business development activities and their approaches. During the conference, law firm CMOs were surveyed and asked to respond to a number of questions regarding their approach to marketing, hiring, and other topics–and the results were surprising.


While I will admit that there is often truth in non-scientific surveys, I find some of the responses generated as a result of this survey to be slightly misleading, and not accurately matching the realities I’ve seen in our work with hundreds of law firm CMOs over the past decade.


Below, I’ll share with you some of the specific survey results, along with my personal view on the topic:

From the survey: 60% of respondents stated they have a “strong” input into their firm’s business strategy, and 75% said their firm management is aligned with professional staff on strategy



Arguably, I believe that CMOs are both under- and overestimating these figures. Often CMOs misjudge their scope and reach in their firm’s marketing strategy; in fact, often they have a lot of input. The question is: how is it valued by the management?

From the survey: 50% of respondents agreed that a “brand” is important to decision makers



If one defines brand as a logo or tagline, it matters little to in-house decision makers. However, the reality I’ve experienced is that brand defined as firm reputation is important to more than 50% of corporate decision makers. In this sense, brands can represent quality, reputation, and other positive emotions that often win business and set a firm apart from others.

From the survey: 93% of respondents indicated their distaste for the conflict that arises over sending holiday cards



At Closers Group, we are firm believers in doing the little things that clients will notice. Sending holiday cards and other small memos or articles to say thanks or wish people the best can never do harm.


As I mentioned at the beginning of this post, the results from this survey/poll were not entirely scientific, but they do offer a lesson to consider. Statistics can lead to misinformation or reveal truths, but interpreting the truth in numbers takes a bit of digging and reflecting on your own experiences.

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