Attracting Profitable Clients In A Post Recession Market

The recession might be over but the recovery has been challenging for some law firms and lawyers. How do you move ahead of the competition and position yourself for continued success in a post recession market?
 
There are many approaches to building a successful law practice, however, for lawyers who want to leverage their core competency and attract profitable and desirable clients, it is essential to build a marketing plan that is based on clarifying who is your ideal client.
 
Knowing the answer to this question will help you to create:
 
Positive word of mouth marketing about your reputation. This comes from satisfied clients who trust you and believe that you understand and know how to solve their problems. Different clients require different solutions.  For example, in divorce, the over 50 client who has been in a long term marriage will require different resources than the young professional who has been married for  a few years.  If your target client is the over 50 audience, how are you exceeding their expectations in the services you deliver and the resources you provide?
 
Content that attracts the right client. Clients will respond to articles, web sites and blog posts that are relevant to them and their situation. Different clients will resonate with different messages.For example, if you are a Family Lawyer whose target audience is professional woman, write about the problems and challenges professional woman face in divorce. Include your articles and published papers on your LinkedIn profile, write a press release demonstrating your expertise.Writing relevant content that emphasizes your expertise and placing it in front of targeted clients(Web site, LInkedIn profile, blog, etc.) is one the best ways for attracting the right clients and referral sources.

Consistent and relevant top of mind awareness.  Many people are experiencing information overload, too much information and too many choices can distract prospective clients and referral sources from paying attention to your law practice. Clients and referral sources will respond to what is relevant and visible to them at the time they have a problem.  Think about when most people start paying attention to which Universities their children will attend, usually it is when their children are in their 11th or 12th year of high school. The same is true with clients who have legal needs.  For example, one of my clients is a criminal defense lawyer who experienced an increase in calls for theft  cases after he posted a blog on the consequences for retail  theft after black Friday. His message was visible and relevant to the clients he wanted to attract to his practice. Since you don’t know when your prospective clients or referral sources will have a problem you can solve, it is important to maintain consistent and targeted visibility. 
 
 
You can create a successful marketing plan that attracts desirable and profitable clients by clarifying who your ideal client is and then building a plan that positions you as an expert at solving their most critical problems. 
 
What is working for you? Are you attracting the "right" clients to your practice? If not, what is one thing you can do today to start building a thriving practice that attracts desirable and profitable clients?
 
Many times it is difficult to create a marketing plan on your own, contact me if you have questions or would like guidance on how to create your client-centered marketing plan. 
 

 

Five Strategies for Building Your Collaborative Law Practice

In the last post I discussed the three essential principles for creating a thriving practice that brings value to your clients and fulfillment to your work.

The following are five strategies for building your Law or Collaborative Practice.

1. Be remarkable at what you do: Excelling at handling client matters requires continuous personal and professional growth. What skills do you want to develop that will increase your value to the clients you want to serve? What additional knowledge and information do you want to acquire that will position you as the best in your field?

2. Stay connected: The foundation for building your practice is based on relationships. The number one way to build relationships and trust is to spend time making a contribution to your community and showing an interest in others.

Who are the most important people, organizations and groups in your professional life? What is your plan to develop higher quality relationships with them? Be selective about the organizations you chose to be involved in. It is better to spend more time on fewer organizations that are in alignment with your interests and target market verses less time on a larger number of generic organizations.

3. Invest in your professional network: People will do business with those they know, like and trust. Professional outreach requires building a successful network of referral sources and staying “top of mind” with key professionals in your network. It also requires making connections with targeted professionals who are not in your network. The outreach you do today will affect the quality of your referrals tomorrow.

Are there professional relationships that might need a little more investment from you? Can you make a contribution to their business or practice? Are there additional influencers you what to include in your professional network?

4. Create exceptional Client Value: Satisfied clients are your best source of referrals. Higher client satisfaction requires a focus on providing superior service, consistently communicating with clients and delivering exceptional value to clients. How can you create an exceptional client experience- one that inspires your clients to tell others about you?

5. Make it easy for your ideal clients to find you: Once you identify your target client, your next step is to be easily found by clients looking for your services. How can you increase your visibility among clients who need what you do best? How can you demonstrate your understanding of “your ideal clients” problem and your capability to solve their problem?

Give consideration to each of the above strategies. What is the one strategy that will make the biggest difference in your practice? In other words, what one thing can you begin doing today that will help you to change your practice and attract more collaborative law cases?

Tip: The International Academy of Collaborative Professionals (IACP) web site is an excellent resource for achieving all of the above strategies. Attending Bridging the Globe, the upcoming IACP 12th annual networking and educational forum in San Francisco, is an action step you can take today to “stay connected” and improve your collaborative practice skills.

Have you attended a previous IACP networking forum? If so,  how did it help you to build your Collaborative Practice?

For additional resources on growing your collaborative practice visit Collaborative Law Resources at www.ferrisconsult.com