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INVISIBLE MARKETING - II.
July 27, 2012
INVISIBLE MARKETING – II.How often do you hear people say to you when you run into them, “What's new?” It is common. Now if a client you know pretty well says to you, “What's new?”, a good answer might be, “I ought to tell you about a big win one of my colleagues just had.” Or, “We just opened three new offices and I can't tell you how exciting that is. We've brought in some great laterals.”Again, it's client initiated. It is considered permission marketing, where they are giving you permission to market, and as long as you don't spend 20 minutes talking, it can be really effective in building client relationships.Next column will present Invisible Marketing III.
INVISIBLE MARKETING – II.How often do you hear people say to you when you run into them, “What's new?” It is common. Now if a client you know pretty well says to you, “What's new?”, a good answer might be, “I ought to tell you about a big win one of my colleagues just had.” Or, “We just opened three new offices and I can't tell you how exciting that is. We've brought in some great laterals.”Again, it's client initiated. It is considered permission marketing, where they are giving you permission to market, and as long as you don't spend 20 minutes talking, it can be really effective in building client relationships.Next column will present Invisible Marketing III.
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.