Showing posts with label Law. Show all posts
Showing posts with label Law. Show all posts

Monday, January 10, 2011

Have you made your resolutions for the New Year?

I was interviewed Friday by Chelsey Lambert at Total Attorneys for their Total Expert Radio broadcasts. I'm not used to sitting on the interviewee side of the table, and it was a lot of fun. Chelsey did a great job keeping me on topic. Thanks too to Kevin Chern and Kate Battle, who made the interview possible.

Chelsey and I talk about new year's resolutions for lawyers in three areas: growing their business, communicating their message, and managing their practice. We cover a lot of ground, especially with respect to business development, communications and practice management trends in 2010 and how those trends will translate into 2011. You can listen to the interview below, but if you don't have time right now, here's the summary of my new year's resolutions for lawyers and law firms:

Growing your business
  1. Make a plan, a road map, that contemplates what you want to achieve in your practice, the people that will help you get there, and they ways in which you are going to connect with those people.
  2. Set priorities. Time is not unlimited. Decide what's most important, and focus your efforts on that. And don’t make grandiose projects that will never come to fruition. Baby steps are fine.
  3. Talk to your clients more. Go through the list of your clients, not just the ones easy to talk to, and start connecting with them. Talk about service, about value, about their problems, about solutions.
Communicating your message
  1. Revamp your marketing materials. Practice descriptions, biographies, boilerplates, etc. They get stale quickly. Try to tell more -- and more meaningful -- stories.
  2. Write where your clients read. If they read blogs, write a blog. If they read trade publications, do what you can to publish in the trades. How do you find out what they read? Ask them.
  3. Draft a communications plan but don't get hung up on the process. Write down what you want to say, who you want to say it to, what you want to achieve from saying it, and where you should say it.
Managing your practice
  1. Set objectives for your practice beyond just practicing law. If you don’t plan your route you may end up somewhere you don’t want to be.
  2. Embrace alternative billing. Develop some meaningful alternatives to the billable hour that you can offer clients without hesitation.
  3. Explore new technology. Cloud computing, client extranets, mobile technologies, etc. Figure out how you can use technology to provide better service, and start doing it. 

Listen to internet radio with Total Attorneys on Blog Talk Radio

Thursday, September 30, 2010

Is it time for a marketing tune-up?

The market appears to be picking up. Clients are getting back to work. New opportunities can’t be far behind. What are you doing to find them? To make sure they show up on your radar? To put yourself in a position to see those opportunities that do present themselves, and to land the work when you pitch for it? Maybe it’s time for a marketing tune-up.

Just like you regularly perform maintenance on your car, you need to perform regular maintenance on your marketing efforts, objectives and plans. You need to modify them to reflect the constant evolution of your practice, your client base, your experience and your network. And as you do that, you should keep in mind some basic notions:

  • Planning is everything. Know where you want to go? How to get there? What it looks like when you’ve arrived? You need a plan. Not a complicated one that accounts for every contingency and takes two or three or six weeks of reflection and drafting and editing. It does have to set goals, realistic, achievable, measurable goals. It does have to understand the clients you want, the work they need, and your ability to perform that work. Plan your route so you don’t end up someplace you don’t want to be.

  • You’re not out to change the world. Yes, you need a plan of action, but you don’t need to change the world, to solve every problem, to cure cancer on your first try. You just need a road map to start. You can build the atlas as you go along. And you can always change your mind when an idea doesn’t work or a potential client doesn’t pan out or a deal falls through. Just don’t get hung up on making it perfect, because that will get in the way of making it in the first place.

  • Focus on opportunities. It’s easy to spend time picking apart ideas, looking at what won’t work, what you can’t do, what you’ll never be able to achieve. But that won’t get you anywhere. Spend your time looking at what you CAN do, not what you can’t. Isolate the opportunities—true opportunities, ones measured in terms of probability not possibility—and the steps needed to realize them. You’ll solve the real problems when you get to them.

  • Be realistic. It’s only an opportunity if you could realistically get the work and do the job better than your competition. If you can convince your client that it makes sense—for them, not just for you—to give you a new assignment. If your experience allows you to tell a credible story, a story that convinces someone who doesn’t know you that they should trust you with the future of their company. If you can’t do that, then you’re probably not going to get the work, and you shouldn’t waste your time chasing it.

  • Don’t neglect your existing clients. Relationships are relationships, and those with clients require the same amount of work as those with potential clients. Providing good legal advice, answering questions, dotting the i’s and crossing the t’s isn’t enough. Anticipating client needs, addressing their concerns, understanding their objectives, communicating early and often are essential to maintaining the types of relationships that will not only keep clients coming back, but lead to increased referrals.

  • Don’t forget your homework. Think you know what your clients need? The services they’re looking for? The business problems they’re struggling to solve? Do your research. Read what your clients are saying. What the press is saying about them. What their competitors are doing, what’s going on in their industry, where the growth is in their markets. If you can, talk to your clients about their business, their industry, their competition, their challenges, and most of all how they define success and how well they are achieving it.

  • Execution is everything. You’ve set your objectives. You’ve identified realistic opportunities. You know where you want to go and what you need to do. But a plan is only the beginning. To generate results, you need to execute with discipline, follow-through and flexibility. Sound easy? It really isn’t. If it were, everybody would be doing it already. The part that drives success is execution, and it takes time, commitment and hard work.

As the economy improves and opportunities increase, there’s no time like the present to review your marketing efforts, rethink your marketing objectives and tune-up your marketing plans. You’ll be glad you did.

__________

This post was first published on Construction Law Musings, July 9, 2010

Monday, March 29, 2010

Blawg Review #257

Welcome to Blawg Review. To celebrate the first anniversary of 22 Tweets, our Twitter interviews of practicing lawyers, we’ve put together a special version of Blawg Review. What does that mean? First and foremost, it means that we’ve selected 22 posts from this week’s legal blogs: 22 authors, 22 blawgs, 22 posts.

More importantly, it means that this week there’s no free ride on Blawg Review. We like interviewing lawyers. On Twitter. So Blawg Review #257 does just that: each blawg we’ve included is accompanied by a question in the form of a tweet to its author. We’ll tweet the questions later this week, and compile the responses we get into a 22-lawyer Twitter interview that will be posted to 22Tweets.com. Blawgers, we hope very much that you’ll play along, and look forward to getting your responses tweeted back to us via @22Twts.

22 Blawgs from 22 Tweets

  1. Charon QC, who writes about, well, just about anything and everything under the sun in his weekly “Rive Gauche” post for Charon QC The Blawg, bringing together, among other things, Tesco law in Scotland, forging payslips in Singapore, and the London Sperm Bank: “Rive Gauche: Antique ASBOS, a BNP barrister, Meow Meow drug barons, and a pharamacist who won’t give out contraception because of ‘religious beliefs’..et al

    @charonqc What would you say is the most significant issue facing the legal profession today? Can it be resolved? How?

  2. Stan Abrams, who calls it like it like he sees it in his china/divide post on the Google pull-out of China: “Google’s Hong Kong Gambit Is Public Relations Victory

    @chinahearsay What’s the legal story behind the Google pullout of China? Will there be a public dispute? Who has the upper hand?

  3. Dan Harris, who gives us another insightful post on his China Law Blog. This time it’s a ‘moderate’ post on the state of FDI in China: “Google, Rio Tinto And The Truth About China FDI. BTW, They Are Not Even Really Related.

    @danharris Can foreign companies doing business in China expect short-term repercussions from Google and Rio Tinto?

  4. Sam Bayard, writing in the Citizen Media Law Project blog, on a legal setback for Google that demonstrates the challenges that ISPs and other online intermediaries in a second BRIC economy: “Brazil Fines Google Over Dirty Jokes on Orkut; Brazilian Lawyers Weigh In

    @smbayard How important are safe harbors for ISPs to the development of emerging economies in general and the BRIC economies in particular?

  5. Jay Shepherd in The Client Revolution, who draws an important distinction between the lawyer-as-laborer and the lawyer-as-artist in his ongoing efforts to kill the billable hour: “Art and Labor

    @jayshep Do you ever turn down work because a potential client just doesn’t get value billing? How do you convince the ones on the edge?

  6. Jim Walker, who writes about crime on the high seas in Cruise Law News. Not the swashbuckling kind or the “off the coast of Somalia” kind, but the more common kind encountered on land. Except without a police force: “Your Dream Cruise - The Perfect Place For The Perfect Crime?

    @cruiselaw You represent a diverse group of people in your practice. What is the single most important legal issue for your clients?

  7. Paul Kennedy, who writes in The Defense Rests about the difference between “just” and “fair” and why it’s important: “It’s possible to be just, but not fair

    @PaulBKennedy You blog about a diverse range subjects. What are your objectives for your blog? Are you meeting them? How have they evolved?

  8. Jonathan Turley, who sparks in his eponymous blog a very lively debate on complying with the police, the use of force, and obeying the law in his post “Ninth Circuit Rules Police Officers Were Justified in Tasering Pregnant Woman Three Times Over Traffic Ticket

    @jonathanturley How do you decide which client representations to take on? Are you attracted to them by the legal issues or the people?

  9. Johnny Gardner, who writes an engaging critique of the death penalty in Law and Baseball, not on moral grounds but rather because the stakes are so high and the variables so great in capital punishment cases: “The Death Penalty – I’m all about it

    @lawandbaseball Why did you become a lawyer? Have your views changed since you’ve been practicing?

  10. Ron Coleman, who writes about intellectual property and the two Chinas, and how IP disputes are leading to cooperation across the Taiwan Straits in Likelihood of Confusion: “Two Chinas Policy

    @RonColeman What’s the next big battlefield of intellectual property law? How will it help define IP law in the next decade?

  11. Kevin Underhill, who writes in Lowering the Bar about a rather lengthy Ninth Circuit decision finding that “assault with a dangerous weapon” does not apply in the instance of attacking someone with one’s with bare hands: “Ninth Circuit Grapples With Whether Bare Hands Are ‘Weapons’

    @loweringthebar Was it hard to convince your firm’s leadership to let you blog? Are there ever editorial conflicts? How are they resolved?

  12. Bill Marler writing in Marler Blog, who updates us on the latest chapter in Stephanie Smith’s E. coli poisoning from a tainted hamburger produced by Cargill: “Smith vs Cargill E. coli Trial 2010

    @bmarler Will the Health Care reform legislation have any impact on victims of food-borne illnesses? On the regulation of food producers?

  13. Brian Tannebaum, who calls out lawyers seeking the #1 spot on Google results in “The Ethics Of Lawyer Marketing, And Other Lost Ideals.” You love him, you hate him, but in the end you’re glad he’s there, injecting common sense, clarity and credibility into lawyer marketing in the social media age at My Law License.

    @btannebaum What will the legal ethics landscape look like in 10 years? Will the profession be struggling with the same issues it is today?

  14. Eric Turkewitz in New York Personal Injury Attorney Blog, writing on the health care reform bill and what it means for his clients, personal injury victims: “Health Care Bill: Benefits For Personal Injury Victims

    @turkewitz You’re an active Web 2.0 participant. What specific impact on business, if any, have you see from your online activities?

  15. Adrian Baron, The Nutmeg Lawyer, who indeed articulates the “trials and tribulations of law practice” as he weaves St. Patrick’s Day, the Ides of March, and a lawyer-shopping potential client into his post: “Shamrocks & Shenanigans

    @lawbaron You review law schools on your site. What advice do you have for people going to law school today?

  16. Ken from Popehat, whose post exploring the themes of the film “10 Rules For Dealing With Police” is an unintended but excellent companion piece to Jonathan Turley’s post: “10 Rules For Dealing With Police: Prudence and Subservience

    @popehat You’ve been blogging for a long time, on a very wide range of topics. What drives your blogging? Does it make you a better lawyer?

  17. Rick Horowitz in Probable Cause, who tells the story of a young client desperately in need of help, stuck in a system that cannot give her the treatment she needs: “I’m in a funk

    @RickHorowitz What can society do to help kids like your client whose mental health issues land them in jail? More funding? Better training?

  18. Gideon, whose latest a public defender post reminds us of the fragility of the Constitutional right to counsel that most of us take for granted every day: “Bad ad-Weis: spitting on Barker

    @gideonstrumpet What would you say is the most difficult aspect of being a public defender?

  19. Scott Greenfield in Simple Justice, who defends Harold Comer and his decision to not seek additional DNA testing for his client Hank Skinner in Skinner’s 1994 trial for murder: “Strategic Shunning

    @ScottGreenfield What’s the most significant challenge facing lawyers today? How is it changing the profession? Is there a fix?

  20. Edward Prutschi, writing on Slaw, who gives us a thought-provoking post on making the roads safer by adopting a very innovative approach to reducing the number of people who drive drunk: “Tackling Impaired Driving… By Decriminalizing It

    @prutschi Tell us about one of the more significant client representations you've had. What was it about? Why was it important?

  21. Mark W. Bennett, in a guest post on The Trial Warrior, reports on the U.S. Supreme Court’ in extremis halting of Hank Skinner’s execution: “Guest Post by Mark W. Bennett: A Triumph of Civil Litigation

    @MarkWBennett The SCOTUS stay is clearly a win for Skinner, but what does mean for the rest of us? Why is it a “triumph of civil litigation”

  22. Stephanie Kimbro in Virtual Law Practice, who provides a useful overview of the virtual law practice, what it is and isn’t, how it works, and what clients need to look for when they consider hiring an attorney who delivers legal services online: “Clearing Up the Terminology Before TECHSHOW

    @stephkimbro You must meet many potential clients who worry about VLO security. What’s the one thing that convinces them to hire you?


Blawg Review has information about next week’s host, and instructions how to get your blawg posts reviewed in upcoming issues.

Friday, October 16, 2009

Are you exploring Social Media?

What are you doing to market your practice with social media? How are you telling your story? What are your objectives? Are you meeting them?

There's no doubt that social media is revolutionizing PR, marketing, and internal communications across industries, and that the legal profession finds itself directly in the mix. Are you keeping up with the changes or getting left behind? Blogs, Twitter, LinkedIn, Facebook and many more social networking tools are out there. Social media can no longer be considered a fad: it is the method that millions of people use to communicate via multiple channels with specific audiences.

But if the tools for communicating have changed, the rules of communication are the same as they have always been. You need a message. You need a plan. You need disciplined execution if you are going to generate value from your social media activities.

I recently participated with Mike Driehorst of Diamond Communications in a panel discussion for a group of lawyers and legal professionals at a joint Legal Marketing Association-Ohio and Association of Legal Administrators luncheon in Toledo, Ohio. Our goal was to place the basic social media and social networking concepts into the context of the legal profession, and to provide our audience with an overview of what they need to do to get started in social media. How do you think we did? Did we leave anything out? We would love your feedback on how we can make this presentation even more relevant to lawyers seeking to embrace social media. Leave us a comment. Send us an email. Track us down on Twitter. We're all ears.

Thursday, August 20, 2009

What are your extraordinary measures?

Extraordinary times call for extraordinary measures. No one would dispute that these are extraordinary times for the legal profession. Or that the landscape in 12 months will look radically different than it does today. So what are your extraordinary measures? Are you thinking about your business model? How it meets your clients’ needs (and not just your own)? How it could give you a competitive advantage? Could you change the way you do business now? Would you want to? Can you envision a different model for your firm, your practice, the entire legal profession? What could you do today that will help your practice evolve, survive, and dominate?

Could you do away with the billable hour? Of course you could, like some firms have already done and many more will do. Could you outsource your low-end commodity work? Of course you could, reducing the costs for your clients at the same time as you focus your work on analyzing the business implications of their legal issues, giving them more valuable advice that will make their businesses better. Could you offer work at an annual fee, not just a flat fee but a flat fee that covers a full year's worth of work, as Jay Shepherd recently suggested in a post on Twitter? Of course you could, gaining both a happier client and an invaluable perspective on her business, motivation, personal and professional goals, successes and failures because she never has to look at the clock when she picks up the phone. Could you stop charging your clients for research and due diligence? Of course you could. Could you develop a long-term training program for your clients to teach them how to do work for which they have to pay you today? Of course you could.

You could do all of these things, and many others, to change your business model, survive the current economic crisis, and grow your practice as others fall by the wayside. To make your clients happier, reduce their legal costs, and provide them with advice that will help them run their businesses. Or you could do nothing, and let your competition eat your lunch. The choice is yours.

Wednesday, March 11, 2009

Have you written your recovery plan yet?

The economic crisis isn't improving, and the legal profession seems to be getting hit particularly hard. Firms of all sizes are cutting associates, staff, and even some partners as they hunker down for what promises to be a "cruel, cruel summer." What's your plan for the recovery? Are you lying low and waiting it out, cutting out unnecessary expenses, finally reading up on tax law and taking those Spanish lessons? Or are you putting yourself in charge of your own future? 

In my earlier post "Why aren't you excited about 2009?" I made the case for developing your own antidote for an unhealthy future: a plan of action. Not overly complicated, not filled with platitudes, not so detailed that you can never start. Just a plan that requires you to think about where you are, where you want to be, and what you need to do to get there. A plan that sets some realistic, aggressive, and measureable goals. A plan that you can revise often to account for the new opportunities that each of your successes creates.  

Some ideas to consider as you work through your plan:

  • Focus on opportunities, not problems (I learned this reading Peter Drucker). It's easy to say "this won't work" or "we don't have the resources for that" or "there's no way we can get a meeting with the GC." But that won't get you anywhere. Think instead about what you can achieve, what will work, what you know makes sense. Identify the opportunities—the true opportunities, the ones you measure in terms of probability not possibility—and the steps needed to realize them. You'll solve the real problems when you get to them.

  • Remember the client. It's all about the client. If your opportunity doesn't make sense for the client, doesn't save them time or money or stress or reputation, how could it add value? Would you buy a second car from your dealer just because he sells cars, because you already bought one from him and you're relatively happy with the transaction, because he's a nice guy you play golf with, because he tells you it would be a good idea? Or would you base your decision on an entirely different set of criteria than those motivating your dealer to sell you a second car? Always remember that success comes from selling what the client is buying, not the other way around.

  • Be realistic about what you can achieve. Yes, it would be great to get all of the transactional work of your firm's biggest disputes client, but is it realistic? Do you have a story to tell that would compel that client to fire the firm it's been using for that work, for the past three decades, and hire you? It’s only an opportunity if you could realistically get the work and do the job better than your competition.

  • Don’t sell your own passion short. Most of the lawyers I know chose to become lawyers because they wanted to, chose to work at their firm because they believe it offers them and their clients distinct advantages, chose to become experts in their practice because they love that type of work. Wouldn’t you rather hire the gardener who stops by on her way home from another job to make sure you’ve been watering the new plants at the right hour of the day? Who gets excited while explaining the importance of a 20/30/50 mixture of bluegrass, fescue and ryegrass for your yard? Passion for what you do, for helping clients, for adding value, is a competitive advantage, but only if you’re selling it. Build it into your opportunities.

  • Don't let prejudice or tradition or fear of change get in your way. The way things have been done is not necessarily the way they will be done in the future (particularly today's future). Don't talk yourself out of pursuing an opportunity because it will require a lot of work and you've never done it before and it might even fail. Of course it's hard work. Of course it's risky. Of course it's very different from what you've done in the past. That’s the price of getting into the game. 

Wouldn’t you feel better about the future if you knew where it was going?

Monday, February 23, 2009

Aren't you on Twitter yet?

Carolyn Elefant, on Nolo’s Legal Marketing Blog, just posted another piece on why lawyers should be on Twitter: “To Twitter or Not To Twitter? That is the Question for Lawyers” (you know where I stand on this from this post and this one). Elefant gives a very useful overview of what Twitter is and how you can use it to market yourself and your practice. Get on Twitter, position yourself as an expert amongst your peers, develop relationships with people who can help you grow your business, have fun engaging others in conversations about things for which you have true passion that have nothing to do with your professional activity. That sounds easy, doesn’t it? It truly is. But do we Tweevangelists really believe that there is value in that? Real value, the kind you can endorse on the back and deposit into your account?

In a recent post, I asked whether lawyers shouldn’t be using Twitter to engage clients rather than other lawyers. I don’t ask the question because I think engaging other lawyers does not have value. It does. I don’t ask it because I think using Twitter to validate your expertise does not have value. It does. I don’t ask it because I don’t think establishing relationships based on non-work interests does not have value. It does. All of the ways that lawyers are currently using Twitter have real value that can lead to real work.

But I cannot believe that there isn’t more. That we cannot move Twitter from being an effective networking tool to being a practical communication tool. That you can’t use Twitter to communicate directly with your clients in real time, taking advantage of the immediacy and directness and responsiveness and crowd-sourcing and all of the other benefits of Twitter to help you do your business better, make your clients happier, provide better service and add greater value. Others are doing it, such as @scottymonty and @zappos. Of course selling shoes or selling cars is not like selling legal services. But can't we learn from them? Can't we apply what they are doing and how they are doing it to what we do and how we do it?

I don’t know the answer to this question, and I’m not even sure I could come up with it on my own. But I am sure that someone will, and while the rest of us are still trying to figure out why a client would want to communicate with her lawyer in a public forum, that person will move the game to the next level. 

Three related points

First point: in my last post on Twitter I asked for ideas on how lawyers can use twitter to communicate with clients. I got some good comments that are worth reposting here:

Bruce Carton said

“Lance, I have gone with the Trojan Horse method. I re-branded my @SecuritiesD Twitter feed as a "news wire," and have it identified and piped-in via RSS to my website (securitiesdocket.com) as such. Lawyers understand what a newswire is and like it. They didn't pay much attention to it as a Twitter feed.”

  Doug Cornelius said

Lance -

I think there many be some over-enthusiasm for Twitter as a client development tool for lawyers. I think there is a big variation depending on your practice. Chris Brogan gets lots of clients through Twitter because that is the nature of his business. He is a social media consultant. Kevin O'Keefe gets lots of business through Twitter because he is in the social media business.

As a commercial real estate lawyer, none of my clients use social media. They do not read blogs. They do not use Twitter. Only a handful were even in LinkedIn. Even in my new area of compliance, there are very few people in the industry using blogs or twitter. If I were an IP lawyer or dealing with tech start companies. The opposite would probably be true.

The other concern is the future Twitter business model. Right now, the company has zero revenue. That cannot go on indefinitely. Something will change. It may just put Twitter in the junk-pile (anyone remember Friendster?)

I am a big fan of Twitter. But I am less sold on evangelizing it to clients. I would not spend the time in a pitch talking about Twitter. The focus should be on the client and solving the client's need not on your twitter habits.

I like the idea of putting your twitter username on your business card. (That leaves out bigfirm lawyers. Their marketing department would never allow it.) I assume you would also want your blog URL on your business card. If the client notices, then spend some time talking about it.

Melanie Green said (via Twitter)

Get your marketing folks to put Twitter "follow me" links on your web site in areas where people are providing content.

Second point: Does anyone recall how email was received when it first started to become a widespread communication tool? Did lawyers resist it because clients weren't already using it? Did lawyers try to convince clients not using email that it was a great tool for which they should sign up? 

Third point: Please tell me what you think. Can lawyers move Twitter to the next level of client communication? Should they? What are you doing to make your Twittering valuable to you and your practice? Do you think Twitter can be more than what lawyers are it for today?

Wednesday, February 18, 2009

What do your clients need?

Do you know what your clients need? Which services? The problems -- business critical problems, not legal ones -- they are trying to solve? That which keeps them awake at night? How can you find out? What do you need to know? How does knowing what they need translate into more work for you?
It isn't as easy as it might seem to obtain actionable intelligence about your client from that client herself. You need to do your homework before the conversation, run the discussion like an interview, and identify and execute follow-up. My thoughts on doing it right:
  • Make a list of your favorite clients, the ones you can't wait to work for, the ones that always pay your bills. These are your target clients, the only ones you should be chasing. Prioritize them based on your assessment of the opportunity for additional work (criteria include the strength of your relationship with the client, the size and scope of the client's legal needs, your ability to respond to those needs, the percentage of the client's legal work you're already doing, etc.).

  • Spend a few hours reading as much as you can about the first client on your list. It doesn't have to be done in a day or a week, but you need to know their business, their industry, their competition, their challenges, and most of all how they define success and how well they are achieving it. 

  • Make a list of what you believe to be the five critical business issues facing that first client. Do those issues have a legal element? Is it work you can credibly do? Are there upcoming developments in the law that will impact your client's ability to do business and succeed? 

  • Have a conversation with your client, on the phone or better yet in person, at a place and time where you can have a meaningful conversation. Ask her questions about her business, her industry, her competitors, her challenges, how she defines success. Use the knowledge you learned to in your research to sound like you know her business better than she does. Ask a lot of questions without answering them yourself. Talk about the legal elements of her business issues as if you've already solved her problems. Listen to what she tells you. 

  • After that discussion, armed with everything you learned, identify three things you can do for your client that will help her be smart or happy or successful or all three. They don't have to be complicated. In fact, the more complicated they are the less likely you are to do them. Things like "send two-paragraph summary of pending labelling legislation" or "identify cross-border tax specialist with shipping expertise" or even "invite to concert in late June." 

  • Do the things on your list. Without fail. Don't put them off, don't talk yourself out of them, don't forget. Do them as soon as you can, then come up with three more and do them too. And three more after you've done those. Keep doing things for your client, things that will help her be smart or happy or successful or all of the above, and she'll soon think you're the best lawyer she's ever met, the lawyer who provides real value, the lawyer who will be getting more and more of her work. 

  • When you're at a point where you are regularly demonstrating your value to that client, move to the next one on your list. You should be working on two or three client relationships at a time, enough to keep your opportunity pipeline flowing, but not requiring so much time that you end up doing nothing or, worse yet, not meeting the obligations of your practice. The goal is to keep looking ahead, to maximize the value of your business development time, to minimize the burdens, all the while producing results.
I'm sure all of you have your own ideas that work. Please share them as comments to this post so that other readers can benefit. 
One last thought: if your clients are not having meaningful discussions with you, they'll have them with your competition. Which do you think is the better scenario? 

Sunday, February 15, 2009

Why aren't you excited about 2009?

Do you think that 2009 is going to be a banner year, that you'll end it doing the work you want to do for the clients you dream about having? Why not? Do those dream clients no longer need legal advice? Has the work you love disappeared as a legal discipline? 

Isn't it possible that this year could be good for you in some respects? That the slowdown might give you an opportunity to analyze your client base and focus your business development efforts on the handful of clients you like, who pay your bills on time without question? A chance to rediscover what it is you love about the law, what you're truly good at, and how you can do more of that work? Is there no chance at all that you can finish this year right where you want to be, in your sweet spot, ideally positioned to make your post-economic-crisis career better than that which you had before the world came crashing down around us? 

It won't be easy, of course. It will require commitment, planning, discipline and lots of hard work. You'll need to focus your time, effort and money, chase only those opportunities that fall into your zone, keep your eye on the prize at all times. You will have to make hard choices, step outside of your comfort zone, maybe even pass up a chance to bid on work you don't want to do for a client that won't pay your bills (not as easy as it sounds). But it's not impossible. 

You'll need a plan of action, one that identifies your objectives and the steps you'll take to meet them. Not a "Strategic Plan" filled with self-evident truths that takes too much of your time to draft and ends up saying little because it tries to say everything. Just a plan, an idea of where you want to go, how you're going to get there, how you'll know when you've arrived, and how long you think it will take. It doesn't have to be perfect. It doesn't have to be long. It doesn't have to be complex. You don't need to account for every potential development, you're allowed to make mistakes, you can always change the plan later when you discover this idea doesn't work or that one does or this client doesn't have as much work as you thought it would. It's your plan after all.

Would you be more excited about 2009 if you owned your future? Write your plan and you will. 

Friday, February 13, 2009

How are your clients handling the economic crisis?

February 12, 2009. Black Thursday. The day 800 legal jobs were cut. It's easy to wince and wonder what is happening to the profession, what it will look like when the crisis is over, how firms will be structured, who will be left standing. It's easy to point fingers at that which led us to this point: hourly biling, rates, salaries, profits, arrogance, greed. But the easiest of all is to forget that clients have been living this nightmare longer than law firms, that the stakes for corporate clients have never been this high, and that corporate layoffs are truly massive. February 10? Nearly 24,500 job cuts announced. January 26? More than 40,000. 

This doesn't make the legal layoffs any less significant for the profession. Nor does it mean that we're wrong to be scared about the future. But it does mean that your clients are probably just as scared as you are, just as worried about keeping their companies intact, just as sensitive to the drastic measures their competitors are taking to survive. How are they handling the crisis? Do you know? Don't you think they would appreciate a call from their lawyer? Not to ask if they have work to give, but to ask how they are surviving, what they are doing to cut costs and raise revenues, what difficult decisions they are struggling to make? How would they react to you calling to ask "What can I do to help you get through this?" To say "I am ready to do whatever it takes to make sure that you survive, because if you go out of business, I go out of business too."  To reassure them that "right now, I don't care about recording hours, I care about getting you through this crisis." 

Do you think they would like that? Do you think they would reward you? Maybe not today, because today all they can do is keep their head above water, but tomorrow when the storm has passed? There's one way to find out. Make your list and start making calls. Because the cost of not making that call, of not giving your advice for free, of not rolling up your sleeves to get your clients through this mess, of not providing real value when your clients need it the most, that cost could be a lot higher than the 20 or 50 or even 200 hours you won't collect. But you already know that, don't you?

Thursday, February 5, 2009

What's on your menu?

Change the menu.” That’s part of the recommendation Jay Ehret (The Marketing Spot) gave his client, Eddie’s Trackside Bar & Grill. What would you do with that advice? What’s on your menu, and how does it appeal to your clients and potential clients? How could you change it? 

It’s not hard to see the lists of services / practices / experience / skills at many law firms as menus, naming anything and everything you can find in the kitchen (a high-end kitchen that doesn’t list prices on the menu, mind you): 

“How’s the cross-border acquisition today? Good? Excellent, I’ll go with that then, an acquisition in the chemicals industry in Brazil. Can I swap out the acquisition finance for a side of your labor, FCPA, and tax medley? Yes, it does look very good....”

What if your menu wasn’t a list of every type of deal you’ve structured, every type of client you’ve represented, every type of dispute you’ve worked on? What if you didn’t list facts and figures, but told stories about how your work helped your client meet its business objectives? What would your menu look like if it were written for the client, not for your lawyers?

It’s clear that the legal profession is going through profound changes in the current economy. More than ever, clients must evaluate the legal services they get through filters of “value” and “service,” and reward only those firms that provide long-term business solutions, not short-term legal fixes. It will be hard for lawyers and firms to change the way they do business, to change the way they value and charge for their services, to change the way they determine success or failure as a function of their client’s business results.

Why not let your menu be the first thing you change? It won’t be an easy change to make. It won't be the hardest, though, and it just might make some of the other changes less difficult. How do you think your client will react when she doesn't hear, “Hire us because we have significant experience in a broad range of public and private M&A transactions of all sizes in jurisdictions around the world”? When you ask instead, “What's the problem, and how can I make it go away?”

Why don’t you find out?  I’m sure you’ll be pleased with the result. 

Monday, February 2, 2009

Shouldn't lawyers be tweevangelizing to clients?

I can't stop thinking about Chris Brogan's comment that 40-60% of his opportunities come from Twitter (mentioned here yesterday). That's a great commercial for Twitter. When will lawyers be able to say that? Five years? Ten? What will it take? 
There's been a lot of talk lately about lawyers on Twitter, how many are joining, what they are saying, how they are trying to make Twitter work. What about the clients?  If you want 50% -- or even 5% -- of your opportunities to come from Twitter, don't you need to increase the number of clients and potential clients that use Twitter and follow you? The type of clients that have legal issues and hire lawyers? Shouldn't you stop convincing other lawyers to get on Twitter, and start convincing your potential client base to take the first step? How are you going to do that? Some thoughts:
  • Put your Twitter username on your business card, above your email address
  • Let contacts know that you share a lot of information on Twitter that might be of value to them
  • Devote five minutes of every pitch to show your potential client how Twitter works and what you use it for
  • Ask new contacts to join Twitter and follow you
  • Organize structured tweetversations with colleagues on hot legal topics (à la Super Bowl ads discussion organized by Tom Peters)
What suggestions do you have?  Tweet them to me @lancegodard.

Tuesday, January 27, 2009

How hard could this be?

It happens a lot. I talk to lawyers and firms about their business and strategic objectives and what they're doing to achieve those goals, particularly their business development and marketing programs. We look at what they've done, what they want to do, what they don't want to do, what they should do. We put together a list of specific things they can start doing tomorrow.  Everyone feels good about the meeting, all jacked up from a good discussion, and we've each got a list of assignments that seem simple enough: research the legal needs of a few clients, make a list of client targets, identify a couple of legal trends impacting their clients' business, etc.  How hard could this be? 

I know it sounds easy. It really isn’t. If it were, you – and all of your peers – would be doing it already. Ideas, plans, strategies, action lists, those are the easy part. The hard part, the part that drives success, is execution: disciplined, focused, relentless execution. It takes time, commitment and hard work to develop new business and market your firm. Sometimes it takes money, to invest in software or training or events. Sometimes it takes new people, or refocusing the efforts of your current team, to manage the execution. Sometimes it takes organizational change, to improve communication and transparency. Every time, though, it takes a lot of effort to initiate and sustain the activity needed to ensure success.

By the way, the best business development and marketing ideas for your practice and your firm are probably not new or different. They’re most likely ideas that you had a long time ago, stuff you’ll find discussed in countless blogs and books and boardrooms. You already know what to do. But knowing what to do is nothing. Doing it is everything. So get to it.

Thursday, January 22, 2009

Now what are you going to do?

You did everything the experts recommended. You became active on Twitter, developing a healthy set of followers. You started using LinkedIn, put all the right keywords in your profile, got stellar recommendations from clients and colleagues, asked and answered questions brilliantly. You regularly post to your blog, and the analytics tell you that more and more people read your work every day. So why aren’t you getting more business?

Maybe the “getting work” part never really changed because your workflow doesn’t depend on the tools you use. Don’t get me wrong: Twitter, LinkedIn, law blogs, and many other great resources are here to stay, and participation has become a must-do, like having a website or a firm brochure or business cards. But you don’t get business by just being smart, by hanging out at the cool parties, or even by being #1 on Google searches for lawyers in Phoenix. You get business by being responsive, by solving problems, and by helping clients sleep better at night. You get business by providing good service. You get business by listening. You get business by adding value. You get business by doing the same things that people getting business have done for generations, and that’s not going to change. So get on it. Talk to people. Find out what they need. Deliver it. And most importantly, add value. That’s what I’m going to do.

Wednesday, January 14, 2009

Are we asking the right question?

Are we asking the right question about the value of legal blogging? Carolyn Elefant on Legal Blog Watch asks: "Does blogging generate business?" It is a reasonable question, one that has been raised with respect to nearly all forms of lawyer communication -- newsletters, articles, public speaking, PR, to name a few. After all, understanding the return on investment for every type of marketing activity (think advertising, conferences, cocktail receptions, golf outings, etc.) is an important part of developing a meaningful business development and marketing program for lawyers and firms alike. The hard part is linking specific activities with specific results, and while history and experience allow firms to evaluate the ROI on much of their marketing spend, there is little history and no objective experience that allow them to apply the same analysis to legal blogging.

The question that lawyers and law firms should be asking instead is different: "is blogging the right way for us to communicate with our clients and potential clients?" For some clients, it probably isn't. But for an increasing number, legal blogging (and micro-blogging) is a vital way for lawyers and firms to establish strong relationships and communicate significant information, be it about legislative developments, legal analyses, firm news, or anything of relevance to their clients. The process isn't new: firms have been pushing information in myriad forms to their clients for years. What's new is the tool that allows lawyers and firms to establish true two-way communication with their clients, solicit their feedback and incorporate that feedback into future communications. Isn't a blog an important part of a communications program that is truly client-focused?  
Are you still waiting to see if blogging generates business before you start your own?

What's the problem with the billable hour?

As the battle to eradicate the billable hour wages on, I can't help but think that, in spite of all of its warts, it is still a pretty efficient way to compensate lawyers for their work. Yes, it can reward inefficiency. Yes, it emphasizes quantity of work, not quality of work. But isn't frustration with the billable hour a symptom rather than the problem? Does that particular billing method produce a negative impact on the delivery of legal services? Are clients getting bad work because of the billable hour? I cannot imagine a situation in which that were true (but welcome correction). 

Isn't the real problem one of value, trust and service? When clients say they are unhappy with the billable hour method, aren't they saying they feel like they're paying too much for their legal services? That the perceived value of those services does not equal the cost they've been asked to pay? Legal services have to be paid for, and by-the-hour is a reasonable way to do it until you think your lawyer spends unnecessary time on your matter, or charges too much for her time, or isn't telling you the truth when she says it will take 20 hours to resolve your problem. And if that's the case, then the billable hour isn't to blame. 

Wednesday, January 7, 2009

You say you want a revolution?

I love Twitter. It’s a great tool for all kinds of communication, formal and informal, broad and narrow, business and personal, smart and, well, not so smart. But is it the ne plus ultra of professional communication? Will it revolutionize the world of legal marketing? Kevin O’Keefe thinks so. Scott Greenfield seems to think not. In many ways it already has, if only because it allows me to communicate directly with people who are interested in the things I find important, people I would never have an opportunity to know without Twitter.

But Twitter isn't 'enry 'iggins or Richard Avedon, transforming the ugly duckling into a supermodel with the click of a mouse. Your 140-character witticisms and deep thoughts and pearls of wisdom don't pass through a clever or intelligence filter between your keyboard and the screens of your followers. Behind every tweet you still need substance, you still must have something to say that others find valuable. If you don’t, Twitter isn't going to help. So lawyers (and accountants and PR flacks and sales execs) that didn't have value to share with the rest of the world before Twitter are most likely not going to have much value to share with the Twitosphere. That’s really the bottom line, isn't it? You have to bring something to the table if you want Twitter to change the way you market your services. Twitter is revolutionary because it provides access – to ideas, to people and professionals, to cultures and beliefs, to just about anything that exists.  It's up to you to find the good ones, and to make sure that your tweets add value to the conversation. Like it's always been done.
 
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