Leveraging other people’s talent, knowledge, and resources

Share

One of the best ways to grow a law practice is to conduct joint ventures with other professionals and businesses that target the same markets and clients you target. 

If you handle family law and target high-income executives in the health-care industry, for example, you should talk to business owners, insurance brokers, financial planners, consultants, accountants, and other (non-competing) lawyers who have an established clientele and/or actively target the types of people who fit the profile of your ideal client (and the people who can refer them).

You identify joint venture candidates, find ways to meet them, and learn more about what they do. You then tell them what you do and see if there is some common ground for working together for your mutual benefit. 

This might mean conducting seminars together, sharing the costs of a mailing, or interviewing each other for your respective newsletters or blogs.

It might mean inviting each other to networking functions, co-authoring articles or books, or sending emails to each other’s lists with information or offers.

It might be keeping each other on a list of recommended “vendors” and referring to each other when a client or contact says they are looking for someone who does what you (and they) do. 

And it might simply mean providing suggestions, feedback and encouragement to each other in your individual marketing ventures.

But don’t try to figure that out right now. 

Just make a profile of the kinds of joint venture partners who might make a good fit for you. Once you’ve done that, you may discover that you already know people who fit that profile. Talk to them, tell them you think you should talk about “working together” and see what develops. 

How to get referrals from, and set up joint ventures with, lawyer and other professionals

Share

It’s like referrals but without the sweaty palms

Share

Do you know any attorneys who could send you referrals but don’t? How about accountants, financial planners, insurance or real estate brokers?

You could ask them for referrals but. . . it makes you nervous. Okay, forget about that (for now). There’s something else you can do.

You can talk to them about a marketing alliance, where both of you benefit.

It’s a simple way for two parties to increase the reach of their marketing, reduce their costs, or both.

The result: more clients. Probably better clients, because the client finds out about you from a trusted source, just like a referral.

A simple example:

You send an email to your list and recommend the other professional’s services, webinar, or free report. They do the same for you.

Another simple example:

You interview said professional for your newsletter or blog, podcast or video channel, mention their special offer or book, and provide a link thereto. They do the same for you.

Another simple example:

You invite the other professional to write a guest post for your blog or newsletter; yep, you do the same thing for theirs.

Can you see how simple this is? And how it could bring in a lot of new clients?

Start with professionals you know who have a practice that’s a good fit for yours.

But don’t stop there. There are thousands more where they came from.

You can learn how to find them (and exactly what to say) in my Lawyer-to-Lawyer Referrals course. Details here

Share