The smartest way to grow your law practice

December 20, 2011 by
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the smartest way to grow your law practiceSo, what’s your plan for growing your practice next year?

Before you take on anything new, there’s something you should do first.

The first thing you should do is make a list of everything you have tried in the past. Go through your calendar, your notes, ask your staff, and write down everything you did that could be called “marketing”.

What meetings did you go to? Whom did you meet for the first time? What did you write? Where did you speak? What did you mail?

Put everything that worked on your list, and everything that didn’t.

It’s easy to identify what worked. If you track where new clients come from (referrals, ads, seminars, web site, social media, etc.), all you have to do is look at your stats. If you don’t track this, go through your new client list and see if you can reconstruct what you were doing just prior to being hired. (And make a note to start tracking every new client from now on.)

It’s not as easy to identify what has not worked, but it’s just as important. Do the best you can with this and in the future, keep a marketing diary and make an entry every day about anything you did that day that could be construed as marketing.

Don’t forget repeat clients. Keeping your clients happy, keeping them informed about the progress of their case, communicating and building a relationship with them, all have marketing implications.

And don’t forget referral sources. Those coffees and lunches, thank you letters and Christmas gifts are also part of your marketing mix.

Also, check your web site stats. Where is your traffic coming from? Which key words are bringing not just clicks but clients.

Making these two lists–what’s worked and what hasn’t–is one of the smartest things you can do in marketing (or anything else you want to improve) and you should do this before you even think about doing anything new.

The reason? The 80/20 principle, which tells us that the best way to achieve more is to, “do more of what worked in the past and less of what didn’t”.

Now that you have your two lists, you can identify the things that have worked for you and do more of them. You’ll find the time for this by cutting down on or eliminating those things that have not worked or haven’t worked as well.

You may find that eliminating things that aren’t working is difficult, especially if you’ve been doing them for awhile. This is common for all of us. Our fears prevent us from letting go or we tell ourselves we just need to get better or do it longer and the results will kick in. If we spent money on something, it’s even harder to let go because we get attached to earning back our investment.

Trust the numbers. Let go of what’s not working, no matter how much time or money you’ve invested.

Yes, sometimes you will let go of something too soon that could have been a big winner for you had you kept going. But what makes more sense, hanging on to things that might work or cutting them out in favor of doing more of what you know works?

If social media hasn’t brought in new business, for example, it could be because you’re doing it wrong and with some training and experience, you’ll get better and you will get lots of news clients, just as many attorneys now do. But our time is limited and if it’s not working for you right now, I’d rather see you put social media aside and do more of what your numbers tell you, unequivocally, has brought in most of your new business last year.

You can go back later and try social media marketing (or whatever) again. I’ve let go of things that weren’t working for me and been successful when I tried them again. But right now, when you’re looking at your plans for the new year, start by doing more of what you know works.

It’s the smartest way to grow your practice.

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How to kill your chances of success

December 15, 2011 by
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the worst time to take a vacationThere’s a natural rhythm to building a law practice. You start out from a dead stop, try a lot of things to see what works, and you keep doing what’s working. Eventually, you have some momentum. Things start happening a bit more often. They last a bit longer. They get a little easier.

Before you know it, you’re on a roll.

The same pattern occurs throughout your career, and if you’re smart, you’ll capitalize on your momentum, pouring gasoline on the sparks and fanning the flames until you have a raging inferno of success.

Leveraging your positive results and momentum to build things bigger is not only a smart move, it is essential. How many times have you seen people you know get off to a good start in a project but fail to finish big? How many times have you seen this happen to you?

Momentum is one of the hardest things to achieve and one of the easiest things to lose. The good news is that once you have some momentum, things do get easier. But that doesn’t mean you can stop.

It’s like pushing a car from a dead stop–very difficult at first, but once it’s rolling, it doesn’t take much to keep it moving. If you stop pushing, however, the car will eventually come to a dead stop.

I read a thoughtful article this morning that makes this point in the context of taking vacations. In “The Absolute WORST Day to Take a Vacation (It’s Not What You Think!)” the author says that the worst day to take time off is just after you’ve achieved a goal. When things are starting to happen for you, you shouldn’t take a break, you should double your efforts.

It’s not that you don’t deserve a reward for your hard work. But your reward, says the author, should be your results:

For an entrepreneur (or anyone who is in charge of their own income),vacations don’t come when projects are complete. On the contrary – they should come when the projects are still in progress, but you’re tired, and need to recharge to carry the ball the rest of the way.

Give some thought to this as you plan out the coming year. I know it’s difficult to find time on your calendar for family trips, especially when you must coordinate school and work schedules. At least be aware of the rhythm of your practice and do your best to start projects after a vacation, not before.

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Filed Under: Career satisfaction, Law office management, Leverage, Marketing Plan Tagged With: , , , , ,

My Wish for You in 2012: A Plan for Building Your Law Practice

December 12, 2011 by
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business development plan for attorney lawyerAre you hoping things will get better in 2012? A lot of people are, but unfortunately, “hope is not a strategy“.

If you want things to get better, you need to make them better. But how?

Don’t start with technique, start with strategy–a plan. What do you want to happen, and why? What will do you do to make it happen? Is this really something you want to do?

Too often, people grab hold of a technique they hear about and run with it. They spend time and money doing the requisite activities, without considering why they are doing it. They install an expensive motor on their row boat hoping it will get them to their destination faster, but they never look at a map.

Techniques are important. Using the right tools for the job, execution, timing–can make a big difference in your results. But without the right strategy, the latest techniques won’t help you to get where you want to go.

What are you good at and enjoy? Writing? Speaking? Networking? Technology? Make it the core of your business building strategy.

Your strategy doesn’t have to be elaborate. In fact, the simpler it is the better. But simple is not synonymous with small. Your plan should inspire you to accomplish big things. After all, the goal isn’t merely to survive, it is to thrive, and you cannot do that by dabbling.

I’ve seen great practices built by using only one or two techniques. Once you know where you want to go and you have a plan to get there, you don’t need dozens of techniques.

Without the right strategy, no technique is good enough, no matter how much it costs or how hard you work at it. With the right strategy, almost any technique will do.

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Filed Under: Career satisfaction, Goal Setting, Increase your income, Marketing legal services, Marketing Plan, success Tagged With: , , , , , , , , , , , , , , , , , , ,

Do you have too many clients?

November 8, 2011 by
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Attorneys with too many clients to serveMost attorneys say they want to get more clients but if they’re not ready for more clients, it can actually cost them.

If you can’t serve your clients, they aren’t going to stay. You must have the staff and other resources in place to do the legal work and support functions or new clients will leave as quickly as they came.

What about “one time” clients? You’re going to handle their divorce or bankruptcy or injury claim, do their estate plan or handle their closing, and you’ll probably never see them again. Can you have too many of them?

Yes. These clients may not themselves return but if you treat them well, they can and will send you referrals. If you don’t, not only will they not send you new business, they’ll tell everyone they know that you are sloppy or slow and did not do a good job for them.

Taking on too many clients is especially a problem for firms that grow quickly. Legal services do not scale in the same way selling widgets does. We are in a personal service business and we need people to provide that service. It takes time to find the right people, hire and train them. Unbridled growth can cause serious financial problems, inordinate stress, and an increased risk of malpractice for the firm that is unprepared.

Rapid law firm growth is not uncommon. A dramatic upsurge in “intakes” can occur for a variety of reasons. Every firm needs to have a plan in place now, before that growth occurs.

If your practice tripled in the next 90 days, where will you go to find the personnel, the technology, and the other resources you need to accommodate that growth?

Will you partner with another firm? Turn away the smaller business to handle the bigger cases or clients? Will you hire a head hunting firm or consultant?

Start thinking about these things right now, and not just because you need to be prepared. Think about these things because in doing so, you will send a message to your subconscious mind that you are ready for and expecting that growth. You will then start seeing things you need to see and attracting the information and the contacts you need to make that growth a reality.

Too many clients? A nice problem when you’re ready for it.

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Filed Under: Client relations, Increase your income, Law office management, Marketing Plan, Productivity Tagged With: , , , , , , , , , , , , , , , , , , ,

A simple marketing plan for attorneys

August 30, 2011 by
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Yesterday, I said there are two mistakes lawyers make in marketing their services: not having a plan and not executing that plan. Today, I want to help you create a simple marketing plan for your law practice.

Why simple? Because if it’s not simple, you won’t do it.

Forget complicated. Forget long term. A simple plan has a few steps and a short time frame–this month, this week, today. You can create this plan in a few minutes; you can execute the plan a few minutes a day. Short, sweet, do-able. Baby steps, followed by more baby steps.

Most plans are overwhelming. Pages of tasks and sub-tasks, market research, resources, footnotes. A simple plan fits on a sticky note.

So let’s get to it. Let’s create a simple plan and let’s use a magic number: three. Three things. Not seven or seventeen, just three. Why three? Because you can remember three things. You won’t even need a sticky note.

We’ll start with some objectives:

  • Three new clients a month
  • Three prospects a week
  • Three actions a day

Your goal is three new clients a month. (Feel free to adjust these numbers for your practice.) In order to get them, you’re going to get three prospects each week. In order to do that, you’re going to perform three marketing-related activities each day.

So far so good. Easy peezy.

Now, let’s brainstorm some ideas. Write down your ideas–this is not your plan, it is thinking on paper which will help you create your plan.

NEW CLIENTS

There are different kinds of “new clients”:

  • Never hired you before
  • Former clients who hire you again
  • Existing clients with new engagements

Choose one. Let’s say, “never hired you before.”

PROSPECTS

Let’s define a prospect as someone who looks at some information: a brochure, a web page, an ad, a recorded seminar–something that lets them see what you can do for them. Let’s say you’ve written a report on a subject of interest to your target market. Your objective for the week is to get your report into the hands of three people who have never hired you.

Again, simple, and do-able.

ACTIONS

There are many ways to get information into the hands of a prospect. You can do that via

  • Phone
  • Email
  • Social media
  • Advertising
  • Snail mail
  • In person
  • Articles
  • Speaking
  • Etc.

Let’s use your existing network of clients and professional contacts as the conduit for distributing your report and phone and email to do that. So, here are your action steps, in preparation for executing your plan:

  1. Write a report.
  2. Make a list of clients, former clients, and professionals you can contact.
  3. Calendar 15 minutes a day for calls.

Now, here’s your plan:

  1. Monday through Friday, between 3pm and 3:15pm, I will call three people on my list.
  2. I will tell them about my report, confirm their email, and tell them I’m sending the report to them.
  3. I will ask them to forward the report to people they know who might be interested in reading it.

A simple plan. One you can do. One you will do. And one that will work.

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Filed Under: Marketing legal services, Marketing Plan Tagged With: , , , , , , , , , , , , , , , , , , ,

Do you make these mistakes in marketing your law practice?

August 29, 2011 by
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There are two mistakes you can make in marketing your law practice and unfortunately, most attorneys are guilty of both.

What are the two mistakes?

  1. Not having a marketing plan, and
  2. Not executing that plan.

As a result, most attorneys don’t do any marketing, at least not with any consistency. Let’s face it, if you don’t have a plan–a list of projects and tasks and a schedule for completing them–any marketing activities you do will be sporadic and isolated. You’ll never generate momentum or sustained growth.

Having a cool web site (or any web site)  may be good for your ego but if you don’t have any traffic to it, that’s all it will be. Traffic doesn’t happen by itself. You need a plan and you need some activity or that traffic will never materialize.

Don’t get down on yourself. The problem isn’t you. It’s not a lack of self-discipline, poor organization, or bad habits. You aren’t lazy and you don’t need to get motivated. What you need is a better plan.

You need a plan that is

  1. Simple (so you can do it), and
  2. A good fit (so you want to do it).

If you want to do something and you believe you can do it, you will do it. You won’t have to force yourself to do things you don’t want to do, you’ll do it because you enjoy it.

In his remarks to the 2005 Stanford graduating class, Steve Jobs said, “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” A friend of mine puts it this way: “When you love what you do and do you what you love you’ll never work another day in your life.”

If you don’t enjoy being a lawyer, common sense says to either change careers or find some aspect of practicing law you do enjoy. That might mean a different practice area, different clients, or a job with a different firm. If you don’t, you’ll never be happy and you’ll never do “great work.” The same can be said for marketing.

The good news is that there are lots of ways to market legal services and you only need one or two. You don’t have to be good at networking AND writing AND seminars AND getting web traffic AND social media AND referrals. Pick something that sounds good to you or feels right. For once in your career, put logic aside and listen to your gut.

Maybe nothing feels right or maybe you don’t know enough yet about the different options. That’s okay. Make no decisions, take a step back and simply learn. Read, observe, see what others are doing. Soak it all in and eventually, you’ll find something that’s a good fit.

And then, you need a plan. We’ll talk about that tomorrow.

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Filed Under: Career satisfaction, Inspiration, Marketing legal services, Marketing Plan Tagged With: , , , , , , , , , , , , , , , , , , ,
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