With the end of 2010 right in front of us, many South Florida law firms are looking for ways to rev up their new business development to ensure a steady stream of business throughout the fourth quarter, and into 2011.
In a recent article from The Legal Intelligencer, law firm marketer Stacy West Clark points out ten items that should be on every law firm’s marketing “to do” list this fall season. Some of the most important suggestions are also the ones most law firms forget when developing marketing plans.
When Florida law firms want to develop new business, they tend to look at it from a top down perspective—starting with partners buying into the process and actively marketing the firm and its capabilities. However, in order to truly craft a well-rounded marketing plan, associates must get involved. Require them to join an organization, have them write articles— even tie compensation into marketing and business development. If they don’t understand the importance of marketing from the beginning, they might never generate business.
Ft. Lauderdale law firm marketing expert Don Silver chimes in with a few additional suggestions for both small and large law firms:
- Ask the attorneys to set up a lunch a week with potential referral sources.
- Have a partner mentor inexperienced associates and show them the marketing ropes.
- Focus on listening and asking leading questions to determine what s important to the client.
- Find a reason to follow up and determine what you can do to help them out first.
This isn’t to say that you should pour money into attorneys that push back on marketing. Let’s face it, some attorneys are better workers than business generators, and there’s a place for workers at every firm. Spend your money on the superstars and attorneys that truly want to have a hand in the firm’s growth. The return will be greater.
Another important, yet overlooked, concept is industry marketing. Go where your clients go, join their organizations and read their magazines. Become immersed in what’s important to their industry. It takes time and work, but industry targeting is a great way to make an attorney the expert in a specific area.
Know your clients. This sounds simple, but it’s an art form. It’s more than knowing the players, it’s knowing what they want from your law firm and if they are getting it. Conduct client interviews using a third-party source to ensure truthful results. Cross-sell clients and referral sources that could benefit the clients—show them you are thinking about them outside of the law firm context. The more they know you care and are thinking of them on a regular basis, the greater the chance for longevity.
The article outlines ten great ideas on law firm marketing. Keeping these simple, yet effective, marketing concepts in mind will help propel your law firm into 2011.