Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
The RED ZONE
Most pertinent to the art and science of new business generation is the RED ZONE, a football analogy which refers to the final 20 yards left for the team to traverse before the goal line. But in-house counsel have tightened up their Red Zone defenses.To overcome hidden decision-making, a Red Zone strategy must include a systematic aproach to revealing what the decision-makers won't reveal on their own. Who is the real buyer of the service you're selling? Who is its real user? When are they the same person?Do you ever wonder how in-house counsel make their law firm selections? It's a question that keeps many up at night and others dreaming of being a fly on the wall in the board room of their bigger prospects. This decision-making process has long been a hazy one, one that every attorney needs to better understand.Successful business generation hinges on the ability to truly understand the needs and objectives of inside counsel. Marketing departments are a great resource, but without attorneys actively leading, closing new engagements won't occur.Join our discussion of topics, such as pressure from CEOs, a growing turnover rate of senior inside counsel, shareholder concerns, etc. What have you observed and been challenged by when getting a candid moment with a client or prospect? What would you like this column to address for the next several weeks focusing on unsuspected buyer attitudes. And how have you and your firm responded and generated positive results?
Most pertinent to the art and science of new business generation is the RED ZONE, a football analogy which refers to the final 20 yards left for the team to traverse before the goal line. But in-house counsel have tightened up their Red Zone defenses.To overcome hidden decision-making, a Red Zone strategy must include a systematic aproach to revealing what the decision-makers won't reveal on their own. Who is the real buyer of the service you're selling? Who is its real user? When are they the same person?Do you ever wonder how in-house counsel make their law firm selections? It's a question that keeps many up at night and others dreaming of being a fly on the wall in the board room of their bigger prospects. This decision-making process has long been a hazy one, one that every attorney needs to better understand.Successful business generation hinges on the ability to truly understand the needs and objectives of inside counsel. Marketing departments are a great resource, but without attorneys actively leading, closing new engagements won't occur.Join our discussion of topics, such as pressure from CEOs, a growing turnover rate of senior inside counsel, shareholder concerns, etc. What have you observed and been challenged by when getting a candid moment with a client or prospect? What would you like this column to address for the next several weeks focusing on unsuspected buyer attitudes. And how have you and your firm responded and generated positive results?
Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
The Self-Service Buyer Is On the Rise
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Should Large Law Firms Penalize RTO Rebels or Explore Alternatives?
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
Sink or Swim: The Evolving State of Law Firm Administrative Support
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.