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'Part Two of a Three-Part Series
One of the interminable bumps lawyers experience in their efforts to cultivate new clients and business is in following up with their new contacts, growing network and even their best clients. We examine how to introduce and tweak a follow-up plan. Read on to see what I mean.
As part of the business development process, lawyers must recognize and integrate into their 'SOP' (standard operating procedures) action steps that extend beyond 'showing up.' By leaving out the planning and following up components, lawyers are short-circuiting the process, leaving money on the table and becoming more cynical that marketing actually “works,” however one defines that.
To examine the first example above, the more effective steps of action would have been:
The steps described above take very little investment of time, but will yield a very different experience that can lead directly to a new client retention or, at minimum, a new business connection for referrals.
Contrasting the legal profession with corporate America in developing new business, one only has to examine the models of each. Corporate America devotes billions of dollars every year to 'sales and marketing', to the process of cultivating and nurturing new prospect relationships leading to a 'sale.' The typical sales process may involve innumerable 'follow ups' before a sale is actually consummated.
The legal profession historically has played a reactive role wherein new clients (new sales) seek out the law firm to engage them. It is unwise in these ultra competitive times and a poor business model to continue this practice. If lawyers are the ones seeking new business or even additional work from existing clients, the obligation falls upon them to pursue it and continue to make contacts until they are directed otherwise. (Remember, studies show that it takes at least 7-10 'touches' to become top-of-mind with clients and prospects).'
'Part Two of a Three-Part Series
One of the interminable bumps lawyers experience in their efforts to cultivate new clients and business is in following up with their new contacts, growing network and even their best clients. We examine how to introduce and tweak a follow-up plan. Read on to see what I mean.
As part of the business development process, lawyers must recognize and integrate into their 'SOP' (standard operating procedures) action steps that extend beyond 'showing up.' By leaving out the planning and following up components, lawyers are short-circuiting the process, leaving money on the table and becoming more cynical that marketing actually “works,” however one defines that.
To examine the first example above, the more effective steps of action would have been:
The steps described above take very little investment of time, but will yield a very different experience that can lead directly to a new client retention or, at minimum, a new business connection for referrals.
Contrasting the legal profession with corporate America in developing new business, one only has to examine the models of each. Corporate America devotes billions of dollars every year to 'sales and marketing', to the process of cultivating and nurturing new prospect relationships leading to a 'sale.' The typical sales process may involve innumerable 'follow ups' before a sale is actually consummated.
The legal profession historically has played a reactive role wherein new clients (new sales) seek out the law firm to engage them. It is unwise in these ultra competitive times and a poor business model to continue this practice. If lawyers are the ones seeking new business or even additional work from existing clients, the obligation falls upon them to pursue it and continue to make contacts until they are directed otherwise. (Remember, studies show that it takes at least 7-10 'touches' to become top-of-mind with clients and prospects).'
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