Business Development for a New Legal Ecosystem
Michelle Murray, Sally Dyson, Debbie Epstein Henry, Pam Loch, Nika Kabiri, Merry Neitlich, Yolanda Cartusciello, Natasha Innocenti, Ian White, Rachel Khiara, Wayne Hassay, Catherine Alman MacDonagh, JD
Published: 2020
Pages: 202
eBook: 9781787425415
This book is split into two parts - the first deals with the immediate effects of the COVID-19 pandemic in 2020 and the ways in which it immediately transformed and is leading to continuous innovation in the delivery of legal services. The second looks to the future, examining how business development will change in the new legal ecosystem that will follow.
Table of Contents
Cover | Cover | |
---|---|---|
Title page\r | i | |
Copyright page\r | ii | |
Contents | iii | |
Executive summary | ix | |
About the authors | xv | |
Part 1: Business development in a time of global crisis | 1 | |
Chapter 1: Lessons from the 2020 global economic crisis | 3 | |
What works? | 4 | |
Be a giver, be generous | 5 | |
Deliver information that clients want and need, in the format they want and prefer | 6 | |
Email content must pack value, be relevant, or it will be ignored | 7 | |
Leverage content from webinars and podcasts | 8 | |
LinkedIn posts – mistakes and opportunities | 9 | |
Offer new, innovative corporate citizenship or added value solutions | 10 | |
Corporate citizenship during a pandemic | 13 | |
Many clients’ wants and needs are still not currently being met | 14 | |
Key takeaways | 14 | |
Chapter 2: How to develop an in-person feel to your BD efforts in a time of physical distancing | 17 | |
Introduction | 17 | |
Setting the stage | 17 | |
The legal industry just before the pandemic | 18 | |
Law firm clients today | 18 | |
So what’s after the check-in? | 19 | |
Get your house in order | 20 | |
Assess your strengths and match them with client needs | 20 | |
Employ systematic research and information gathering as a catalyst | 21 | |
Use that CRM system you paid so much for | 21 | |
Have the hard internal discussion | 22 | |
Focus on new relationships | 23 | |
Focus on virtual networking | 23 | |
Coordinate with your marketing and BD team to create integrated campaigns | 26 | |
Increase coaching – and not just business development coaching | 26 | |
Don’t forget about innovation | 26 | |
Chapter 3: Timeless principles, updated delivery | 29 | |
Cornerstones of business development and marketing | 29 | |
Economics and markets | 30 | |
Client demand | 30 | |
Providing value | 33 | |
Exploiting firm strengths and competitive advantage | 34 | |
Identifying and targeting clients | 35 | |
CRM systems in the spotlight | 36 | |
Nurturing relationships | 37 | |
Relaying messages | 38 | |
Reputation building | 39 | |
Getting the business | 40 | |
Delivering differently | 41 | |
Enhanced role for business development and marketing | 42 | |
Changes worth keeping | 42 | |
Chapter 4: The ideal client – why it matters more than ever to measure | 47 | |
How do you measure success? | 47 | |
Why the ideal client? | 48 | |
The power of why | 49 | |
Truths | 49 | |
ABC | 50 | |
Triaging clients | 50 | |
Framework | 51 | |
Chapter 5: The voice of the client | 59 | |
What to ask your clients | 60 | |
Building a plan | 61 | |
Prioritizing clients | 62 | |
Money conversations in crisis | 63 | |
One size fits one | 64 | |
What clients need now | 65 | |
Chapter 6: Effective networking and increased connection in a remote and hybrid workplace | 69 | |
Demonstrate your value and be a resource | 69 | |
Understand your new virtual surroundings | 70 | |
Heighten your communication skills | 70 | |
Demonstrate a high level of self-awareness | 72 | |
Be generous | 73 | |
Be collaborative and considerate | 74 | |
Get organized | 75 | |
Invest in yourself | 76 | |
Be deliberate | 77 | |
Be creative | 78 | |
Reinvent and reengage | 79 | |
Chapter 7: Using virtual tools in a virtual world | 81 | |
Help people | 81 | |
Checklists | 82 | |
Free services | 83 | |
Provide training | 84 | |
Join or start a virtual group | 84 | |
Creating content | 84 | |
LinkedIn connections | 86 | |
Alternative fees | 86 | |
Chapter 8: Virtual networking – an advantage for female lawyers? | 89 | |
What is networking? | 90 | |
The past and the future | 91 | |
Safer networking? | 91 | |
Virtual networking for all | 92 | |
Introverts welcome | 93 | |
A virtual world of opportunity | 94 | |
The future of networking | 95 | |
Part II: Business development in the new normal | 97 | |
Chapter 9: The need for solid decision-making | 99 | |
Examine the process | 99 | |
Decision-making under uncertainty | 101 | |
How does decision-making go wrong? | 102 | |
Being mindful of your decision-making | 109 | |
Chapter 10: Overcoming inertia – creating a successful business development culture during a crisis | 111 | |
A bit about process improvement | 112 | |
Are law firms really in transition? | 114 | |
Clients want this | 115 | |
Making the shift | 115 | |
How the CBAM model creates successful change | 116 | |
Not convinced yet? | 118 | |
Business development strategies for helping clients through the pandemic | 118 | |
Chapter 11: Mapping the client journey in the new normal | 121 | |
Prior to the pandemic | 121 | |
The current reality for your clients | 122 | |
Why client journey mapping matters | 123 | |
The client’s point of view | 126 | |
How journey mapping may be particularly helpful in a post pandemicworld | 129 | |
Summary | 132 | |
Chapter 12: A time for reflection – reinventing your career | 135 | |
Undertaking a career health check | 136 | |
Re-skilling | 138 | |
Final thoughts | 140 | |
Chapter 13: Selling innovation to clients – you can’t sell what you don’t understand | 141 | |
Prepare the firm lawyers | 142 | |
Key opportunities for modernizing service delivery | 143 | |
Delight the clients | 147 | |
Conclusion | 148 | |
Chapter 14: Business development at a safe social distance | 149 | |
Years before the pandemic – before the new normal | 149 | |
The expectations of consumers with the new normal | 150 | |
Consumer-centric solutions from legal service plans | 151 | |
The scramble for business in the new normal | 153 | |
Consumer-centric solutions are long-term solutions for lawyers | 154 | |
Data and the consumer-centric lawyer | 156 | |
Law firms must keep up | 157 | |
Chapter 15: Expanding the legal ecosystem – the cross-functional team | 159 | |
Adding business expertise | 160 | |
The Legal WorkOut® – cross-functional collaboration on improving processes | 161 | |
Case study – Aon | 162 | |
Smart collaboration | 164 | |
Legal sales and service standouts work in expanded legal ecosystems | 166 | |
Case study – Pryor Cashman | 168 | |
Case study – Eversheds Sutherland | 169 | |
Case study – Womble Bond Dickinson | 170 | |
Scaling the approach | 170 | |
Case study – Rosenberg Martin Greenberg LLP | 172 | |
Case study – Orrick | 173 | |
Case study – Parker Poe | 173 | |
Case study – Levenfeld Pearlstein | 176 | |
Legal Ops – not new but always novel | 177 | |
Expanding the legal ecosystem benefits everyone | 179 |
YOLANDA CARTUSCIELLO
https://www.linkedin.com/in/cartusciello/
Yolanda Cartusciello has served in senior administrative leadership roles in major law firms for more than 20 years, including Debevoise & Plimpton and Cleary Gottlieb. She has led marketing teams, designed business development and media strategies, and implemented client development programs. She has been the chief architect of profile enhancement strategies, perception studies, branding exercises, comprehensive client interview programs, and practice and lateral partner rollouts. She has adapted the customer journey mapping technique for use by law firms, and has trained and advised firms on its use. She is a frequent lecturer and author on client journey mapping and the customer experience. Yolanda has also created business development and communications training and coaching programs for lawyers at all levels.
MICHELLE MURRAY
https://www.linkedin.com/in/michellemmurray/
Chief marketing officer at Cahill Gordon & Reindel LLP
SALLY DYSON
https://www.linkedin.com/in/sallydyson/
Sally Dyson is the founder and director of Firm Sense Limited, a consultancy specialising in providing client listening services and client relationship management advice to law firms. Sally qualified as a solicitor and practised at Slaughter and May. She then worked as an in-house lawyer for nearly a decade before moving on from the pursuit of law to establish Firm Sense. Sally combines expertise in client listening with an in-depth understanding of the legal market to advise law firms on aligning organisational practices and individual behaviour with specific client needs in order to improve client retention, win business, and improve profitability. Sally is an Affiliate Member of, and is regulated by, the Market Research Society. In the context of optimising client relationships, she has developed particular knowledge on the topic of law firm fees and is the author of an Ark report entitled Budgeting and Negotiating Fees with Clients: A Lawyer's Guide. Sally is also a regular speaker at public conferences and private workshops and is a contributor to professional journals. Sally can be contacted by email or at Firm Sense Limited. For more information please visit their website.
DEBBIE EPSTEIN HENRY
https://www.linkedin.com/in/debbieepsteinhenry/
Debbie Epstein Henry is an expert, consultant, best-selling author, and public speaker on careers, workplaces, women and law. She is the Founder of DEH Consulting, Speaking Writing that consults to companies, firms, non-profits and individuals. She wrote two ABA best-selling books, Law & Reorder (author, 2010) and Finding Bliss (co-author, 2015) and her work has been featured by hundreds of news outlets including The New York Times, NBC Nightly News and The Wall Street Journal. Debbie built a network of over 10,000 US lawyers and co-founded Bliss Lawyers, a majority women-owned company that employs lawyers to work in-house and at law firms. She is the recipient of numerous awards including the Anne X. Alpern Award and being named among the Philadelphia Business Journal "Women of Distinction."
PAM LOCH
https://www.linkedin.com/in/pam-loch/
Pam Loch, managing director, Loch Associates - When Pam Loch first founded Loch Associates Group in 2007, she saw it as an opportunity to support businesses with quality employment law advice and HR support running alongside each other. Leaving behind a successful career, Pam knew that SMEs often struggled to get access to the level of support they needed to effectively manage their staff. Pam wanted to provide this support for them. As the business developed she realized that there were wider opportunities to provide organizations with solutions to help them manage and look after their people.
NIKA KABIRI
https://www.linkedin.com/in/nikakabiri/
Nika Kabiri is an expert on consumer research and insights, especially in the legal space. For more than three years, Nika has led a wide range of strategic studies to better understand legal consumers - who they are, what they need, and how lawyers might be helping or failing them. Nika is currently VP at Lux Insights, a market and consumer insights firm specializing in social and consumer behaviour.
MERRY NEITLICH
https://www.linkedin.com/in/merryneitlich/
Merry Neitlich is the founder and managing partner of EM Consulting, a leader in law firm marketing and business development solutions. With over 25 years of experience, Merry provides clients with tools to grow relationships and successfully identify, court and convert targets into clients. She consults with law firms wishing to overcome resistance and implement successful legal operations programs. Merry has extensive experience coaching attorneys in business development in order to grow their practices. She has interviewed hundreds of in-house counsels across the country for law firm clients in order to enhance relationships and client satisfaction. Merry offers training programs in business development, legal operations, client retention and satisfaction programs. In 2017, Merry was inducted into the LMA Hall of Fame and was inducted into the College of Law Practice Management in 2012.
NATASHA INNOCENTI
https://www.linkedin.com/in/natashainnocenti/
Natasha Innocenti is a partner with Mlegal Group, Inc. Natasha has over 20 years of experience in placing successful law firm partners across most practice areas and has helped open California offices for ten AmLaw 100 and 200 law firms. While her practice is not restricted to the Bay Area, her extensive experience in the region has enabled her to gain expertise in technology and life sciences related practices. She also regularly represents groups and understands how to advocate for groups practicing together. Over the years, Natasha has developed a robust practice representing lawyers moving from government service to private practice, including representing high level government attorneys out of the Department of Justice and the United States Attorney's office with expertise in antitrust, white collar, securities enforcement and privacy/cyber security. Natasha knows that advocating for government attorneys moving to private practice requires a different skill set and an excellent reputation for your best outcome. About 40 percent of Natasha's practice is representing women partners. Because of her extensive work in the advancement and empowerment of women lawyers, Natasha understands the challenges women partners face and the competitive importance for firms to retain and recruit top women partners. Natasha has written and spoken extensively about the gender gap in law firm partner compensation and related issues.
IAN WHITE
https://www.linkedin.com/in/ian-w-a411321/
Ian White has been the chief legal officer and/or company secretary for both listed and major private companies. This has led to developing an expertise in corporate governance and working with boards on effectiveness and performance.
RACHEL KHIARA
https://www.linkedin.com/in/rachelkhiara/
Rachel Khiara, Principal at Khiara Law LLP, is a pre-eminent advisor in the professional practices sector, working with leading and niche firms, and new entrants into the legal services sector on a wide range of constitutional, financial and structuring issues.
WAYNE HASSAY
https://www.linkedin.com/in/waynehassay/
Wayne Hassay began private practice in 1991 as a civil litigator and is now the managing partner of Maguire Schneider Hassay, LLP, in Columbus, Ohio. He serves on the Board of Directors of the American Bar Association affiliated Group Legal Services Association for the 2019-2021 term. His law firm serves as a provider firm for the legal service plan, LegalShield. As managing partner of MSH, his mission is to bring innovation and technology to the practice of law for the benefit of clients. The philosophy is to broaden access to justice by using technology in a way that helps clients afford the legal services they need. Wayne believes this will achieve the best possible result for his clients, while making their experience as stress-free as possible.
CATHERINE ALMAN MACDONAGH, JD
https://www.linkedin.com/in/catherinemacdonagh/
Catherine is a former corporate counsel and law firm executive. She now teaches and provides training and consulting services with a focus on marketing and business development, strategy, process improvement, project management, and operational and process excellence. In her practice, FIRM Guidance, she serves as "trusted advisor to the trusted advisors," whether training, coaching, or developing competitive advantages. She is also Chief Enthusiasm Officer of Mocktails LLC, which offers experiential networking training programs, including The Legal Mocktail. A Legal Lean Sigma (R) Black Belt and a certified Six Sigma Green Belt, Catherine is the CEO and a Founder of the Legal Lean Sigma Institute, which offers consulting and the first and only process improvement and project management certifications, courses, and workshops designed specifically for the legal profession. Catherine is an adjunct professor at Suffolk Law School and at George Washington University (Master's in Law Firm Management) and a frequent guest lecturer at other academic institutions.
She is the author of Lean Six Sigma for Law Firms and the co-author of The Woman Lawyer's Rainmaking Game and The Law Firm Associate's Guide to Personal Marketing and Selling Skills. She is a contributing author to six books: Redefining Matter Management: A Best Practice Guide to Improving Processes and Profitability; The Lawyer's Guide to Project Management; The Bigger Picture: Driving Client Value Through Collaboration; The Lawyer's Guide to Process Improvement; and The Procurement Handbook. Catherine is a founder of both the Coalition of Professional Services Providers and the Legal Sales and Service Organization, which presents the annual LSSO's RainDance Conference. Honors and awards Catherine has received include: Fellow, College of Law Practice Management; Legal Marketing Association Hall of Fame (the association's highest honor); Boston Business Journal's 40 Under 40; two years on the prestigious MLF 50 (Marketing the Law Firm Top 50) List; and several Legal Marketing Association Your Honor Awards.