Blog

Archive for the ‘Law Firm Mergers’ Category

Discusses ideas and implications related to business development and marketing before, during and after a law firm merger.

Law Firm Mergers - Part 4: Maximize the Rollout

Friday, April 25th, 2008

This is the final chapter on law firm mergers and the importance of early involvement by marketing leadership. What can you do to maximize the “rollout” which begins in earnest after the “launch” is over? It needs to identify what the marketplace really wants, and it delivers it.

The launch is a press release. The rollout is the real meat and potatoes of merger marketing. It requires an in-depth knowledge of your own resources in terms of people and expertise. Those resources can be tough enough to identify at your own firm.

In a merger, it requires an assiduous cataloging of what the two firms bring to the table. It should confirm the wisdom of the merger.

Law Firm Mergers - Part 3: Showing All!

Thursday, April 17th, 2008

In this third chapter on law firm mergers and the importance of early involvement of marketing leadership, the next question is:

How do you show - not tell - the marketplace that your intellectual and professional platform is indeed broader and deeper? New sub-specializations can be defined and marketed. Articles on legal or client industry issues should be co-bylined by lawyers from both merging firms. Talk about mergers in general, using your own as one example. Even years later, partners from the two original firms can still share their experiences at conferences, meetings, etc. - and by so doing implicitly remind the market that their own experience is an example of how it is done right.

Law Firm Mergers - Part 2: Who Cares?

Wednesday, April 9th, 2008

This is the second in our series on Law Firm Mergers and the importance of integrating the marketing leadership from both firms as early in the process as possible. Since clients and internal stakeholders will be the most impacted, how should a firm get more people to care?

Well, what do people care about? While marketing in a merger situation is not conceptually unique, it is exponentially more complicated because now you must refine the message and re-identify the messengers across multiple fronts. These fronts encompass the capabilities of the merging firms and the altogether new capabilities that the merged firm presents.

With this premise set, our next column will focus on how you show - not tell - the marketplace that your intellectual and professional platform is indeed broader and deeper.

Law Firm Mergers - Part 1: A Strategic Checklist

Tuesday, April 1st, 2008

We begin a new series on why most underachieving law firm mergers share one fundamental deficiency. Over the next several columns, I’ll identify a checklist to be used by the negotiating partners and marketing leadership to deal with it.

The failure is to work a practicable marketing strategy into the very soul of the merger - before it happens, while it happens and after it happens. Keep in mind that marketing is not just self-promotional activity but the process by which the institution actually defines itself. It is also used by others, such as in recruitment and business development to define the firm externally. Marketing likewise has an immediate impact on internal perceptions.

The first of the strategic questions from both firms’ marketing leadership should include:

1. Who is going to care about the merger? The answer, of course, is anyone directly affected by it, mainly clients and internal stakeholders. So marketing leadership must provide for direct and well-timed outreach to both constituencies, by phone whenever appropriate.

Stay tuned for more.

allan

sitemapAbout | Our Difference | Blog | Services | Resources
TCG and your professional services firm