My new book, One of a Kind: A Proven Path to a Profitable Law Practice, is in print! I will be joining law practice management software maker Clio for a free webinar on August 9 during which I will discuss some of the issues addressed in my book. It’s free to attend and I promise a crisp, insightful presentation of ideas that can help you build a profitable and sustainable book of business. The details are below. Register by clicking here.
Unleash Your Inner Creative to Build a Book of Business
Creativity is becoming an increasingly valued attribute in all fields and industries, including the legal industry. My latest article, published by Attorney at Work, explains how lawyers can tap into their creative side and stand out from the pack. You can also read the full text here:
The best lawyers are often the most creative lawyers. But that doesn’t mean they are, or even want to be, labeled as “creative.” Creativity has a certain connotation to it — and it’s traditionally been a term associated with, well, creative people like artists, musicians and writers.
But that’s changing. Creativity is an increasingly valued attribute in all fields and industries — synonymous with problem-solving and innovation.
In the Rapidly Changing Legal Market, Same is not a Strategy
Remember the good old days? The days when hourly rates increased year after year, junior associate time could be billed for, and it was considered unprofessional to try to poach another lawyer’s clients? That wasn’t that long ago, in fact. But times have changed.
The market for legal services is flat. Since the Great Recession, there has been fundamental change in the legal landscape. Much like the housing market bubble that precipitated the economic slowdown, the legal marketplace has shifted from a seller’s to a buyer’s market. This has led to downward pressure on fees, demand for creative, alternative billing practices, and greater competition for fewer opportunities. Work has also moved in-house, as corporate law departments have looked for ways to cut costs and have become not only clients, but also competitors, to solo lawyers as well as law firms.
Get Narrow: How to Align Your Legal Practice to Meet Changes in Consumer Demand
Change is never easy, rarely fun, but often necessary. That’s particularly true in the legal industry, in which client/consumer needs and preferences are changing rapidly, but lawyers and law firms are failing to keep pace.
In all aspects of today’s economy, consumers are trending toward specialization. In the medical field, the general family practitioner’s office is often just the first stop — many times mandated by insurance coverage — on the way to the specialist. The full-service advertising agency model of the “Mad Men” era is being replaced by agencies focusing on narrow industries and service specializations. Many advertising clients are no longer seeking an “agency of record” but rather the best agency to help with a specific project intended to achieve a specific objective. IT and software consultants are developing solutions not for mass markets, but for industries — from healthcare to financial services — that face common challenges.
These changes are happening in response to market demands — consumers are no longer looking for service providers with broad skill sets, but rather are seeking out specialists with very particular knowledge in industries and market segments. Narrow and deep, not broad and shallow, is what clients value.
Free Webinar: How Getting Narrow Can Grow Your Practice
My new book, One of a Kind: A Proven Path to a Profitable Law Practice, is in print! Thanks to everyone — my family, friends, colleagues and publisher — who helped make this happen.
I am hosting a free webinar on May 19 during which I will discuss some of the issues addressed in my book. It’s free to attend and I promise a crisp, insightful presentation of ideas that can help you build a profitable and sustainable book of business.
Details are below. Click here to register.
Why Content is the Next Big Thing in Legal Marketing
Although many of us don’t enjoy it, selling is a necessary part of business development. But selling doesn’t always have to require cold calling, glad-handing, and small talk. The solution? Content marketing. Read my latest article below, published on the blog of law practice management software company Clio, to learn about how content marketing helps attorney’s sell their expertise in a smart, engaging manner. You can also access the article by clicking here.
One of the challenges that most lawyers face is the sales and marketing roller coaster. When the flow of clients slows down, business development picks up. Then a wave of new clients rolls in, and casework takes precedence over new business efforts and numbers begin to fall. The cycle can seem endless.
There’s no getting around the fact that selling is required to sustain and expand existing relationships and to develop new ones. The problem is that hardly anyone (especially lawyers) enjoys selling. You can rest easy, however, as there’s a way to sell that doesn’t involve cold calling, glad-handing, and small talk. At least not in the traditional sense.
Looking to Build a Book of Business?
In my new book, One of a Kind: A Proven Path to a Profitable Practice, I discuss the importance of carving out a practice/industry area niche in order to build a book of business. Indeed, when it comes to business development, quality work and technical proficiency are table stakes. Acquiring the skills necessary to develop and sustain a solid client base is required, and that’s a much different skill set.
In today’s market, in which clients are looking for specialists, not generalists, developing business requires niche expertise. While the ethical rules may prevent you from identifying yourself as an “expert” in your particular field(s) of practice, you should be doing everything possible — professionally and authentically — to create this impression in the minds of others.
Piper the Airport K9 is a Purple Cow
For years he has toiled in relative anonymity while keeping us safe. No matter the conditions, no matter the odds, he pursues his mission with relentless zeal. His bark is as big as his bite as he works like a dog fending off the enemies of American aerospace. He asks for little in return. His reward: A pat on the back, and a scratch behind the ears. His name: Piper the Airport K9.
Piper is an 8-year-old Border Collie who helps maintain wildlife control at the Cherry Capital Airport by chasing ducks, geese, owls, foxes and other creatures from runways. It’s said that every dog has its day and Piper, Traverse City’s newest celebrity, has gone viral.
If you live in or near Traverse City, it’s almost certain that you’ve heard of Piper by now. If you live elsewhere you probably have as well. For the last two weeks Piper has been an ubiquitous internet sensation and social media darling.
It all began when someone posted a short video of Piper on Reddit. He’s wearing his signature goggles, a Coast Guard helicopter in the background causing snow to swirl in the frigid air around him. Piper sits calmly, cool and unaffected by his surroundings.
Soon after, Piper was everywhere, from The Huffington Post to ABC News. As with all internet darlings, though, his notoriety will inevitably fade. Earlier this week I heard his owner, airport operations supervisor Brian Edwards, comment on a local radio station that Piper is probably on his 14th minute of his 15 minutes of fame.
While the “What” of this story is no doubt intriguing – a super cool, goggle wearing, bird hunting pooch is irresistible “click bait” – the more interesting and lasting part of the story may be the “Why?”.
Simply Stated’s Five Most Popular Posts For Lawyers
One of my primary goals at Simply Stated is to educate and inspire lawyers of all ages and at all stages of their careers with valuable content that helps them grow, and derive more satisfaction, from their practices. There is a lot of content on Simply Stated, so if you’re new to the blog a good place to start is with some of my most popular posts. Here is a list to get you started:
1. 17 Things I Wish I Knew as a First-Year Associate
Starting a legal career is hard. New lawyers know very little about the practice of law, or how a firm works. This post touches on some of the things that I wish I knew as a first year associate.
I’m Happy to Announce My New Book – “One of a Kind: A Proven Path to a Profitable Law Practice”
Almost every lawyer wants to command higher rates, attract more clients and increase his or her profile in the marketplace. However, many are stuck pursuing ineffective or inconsistent strategies. Others don’t even know where to start. My new book, One of a Kind: A Proven Path to a Profitable Law Practice, teaches lawyers how to stand out and get ahead in the ultra-competitive legal marketplace.
The book explains how lawyers can harness creativity to develop profitable niche practices, build personal brands, improve the brand experience of clients, and become prolific, effective content marketers. I draw upon my own experience as both an attorney and marketer, as well as the experience of successful attorneys who have employed the strategies and tactics that I recommend. Part marketing theory, part “how to” guide, the book contains practical advice for lawyers at any age and any stage of their careers.
One of a Kind: A Proven Path to a Profitable Law Practice, which is being published by Attorney at Work, is now available for pre-order, and will be released this spring. Click here to learn more and order your copy today!