We surveyed AmLaw 200 marketers and found that there is a planned uptick in some marketing activities on the horizon for the coming months, including some surprises. Read the full article as it first appeared in the ABA's Law Practice magazine.
I was recently talking with a colleague about how a majority of management event attendees say their law firms are doing client feedback in a systematic way; but when we ask clients if their law firms request feedback on service and performance, the answer is almost always “rarely” or “never.”
In our recent "Marketing Hope" survey of plans for 2009 and 2010, 64% of Am Law 200 marketers indicated they will be investing in client loyalty interviews. That's a smart move in any economy. But how do you extract the most value from those interviews?
Posted on 03/08/10 at 2:02 pm
Our latest webinar, “Pioneering the Digital Relationship,” is now available in segments on YouTube.
On March 3, Gayatri Bhalla presented this third and final webinar of our three-part series on digital marketing. She discussed how a digital strategy—using tactics such as search marketing and social networking—can amplify your brand message and reach the right prospects and clients at the right time. More specifically, attendees learned how SEO, SEM and social media would play a role in their firm’s future.
Be on the lookout for Digital Marketing 2010, which will be sent to registrants of our webinar series.
Connect with us and others that participated in this webinar:
Tags: Marketing, On Technology
Posted on 10/14/09 at 3:32 pm
We surveyed AmLaw 200 marketers and found that there is a planned uptick in some marketing activities on the horizon for the coming months, including some surprises. Read the full article below as it first appeared in the ABA’s Law Practice magazine. View full article
Tags: Branding, Client Loyalty, Innovation, Marketing
Posted on 07/10/09 at 9:40 am
The annual Mendelsohn Affluent ($100K+)Survey is a consistently valuable tool for professional services marketers. Over 23 million fall into this sparkling category. Breaking down the groups further reveals three higher affluence subsets:—combined household incomes of (1) $250,000+ (2,525,000), (2) folks with $1 million+ in liquid/investable assets like CDs, stocks, bonds, mutual funds etc. (2,672,000) (3) and finally people who fall under both categories (1,029,000.)
Tags: Advertising, Google, Marketing
Posted on 05/17/09 at 4:46 pm
Thanks to our collective real concern about corporate conduct, the global Great Recession and the nearly mystical attraction social media currently enjoys, the concept of “transparency” is now all the rage. Many companies are changing their message from ” This is what I can do” to “Dudes, this is what we can do together!”
Tags: Marketing, Recession, Social Networking
Posted on 11/28/08 at 9:00 am
year has passed since we last broached this subject and the situation hasn’t gotten a bit better. In fact, it’s much worse. Windows on the taller buildings on Wall Street are being nailed shut, and coal is beginning to look like a sensible and thoughtful holiday gift. So what do we do now? More of the same? In a way. Only more so.
In the words of Peter Drucker, the father of modern management, “…the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are ‘costs.’”
Tags: Advertising, AdWords, Direct Marketing, Marketing, Recession, Recruiting, SEO, Thought Leadership
Posted on 09/30/08 at 9:30 am
An employer brand is one of the strongest tools available for attracting and retaining talent. And in the professional services business where your product is your people, your brand is reputation and where reputation is really all about behavior, your employer and consumer brands are inextricably linked (more on that below). So the question isn’t whether you need to articulate and express your employer brand. It’s how.
In an Economist survey of senior management and heads of departments, 60 percent defined it as an “expression of a company’s distinctive employee experience,” as opposed to the 7 percent who suggested that it has to do with the look and tone of recruitment ads and material, for instance. It’s apparent, then, that the majority of senior managers tend to get it. And that’s a good thing; they just may not be sure what to do about it. That’s where you can make a difference.
Speaking of definitions, employer branding clearly involves strong, consistent and compelling (read: hard to ignore) communications, which is critical in a world where we are on the receiving end of more than 3,000 messages—from ads to email— every day. But the process is more involved than having HR and a Cracker Jack agency combine to wow and engage the troops. Yes, communications about the employment experience need to break through the clutter. But a true employer brand is deeper than a campaign: it includes every aspect of how your people are handled—from the moment they make contact with you as recruits to how you handle their retirement party.
Tags: Employer Branding, Human Resources, Marketing, Recruiting
Posted on 07/23/08 at 2:08 pm
A note to our readers: The second installment of “The Reptilian Brain” appears in our August issue.
There’s a sticky issue that comes up frequently as we work with our clients to develop brand strategy—how to define a national practice. In theory, a precise definition shouldn’t matter much, but actually the wrong answer can derail a crisp brand message, lead the firm to murky brand waters, reduce the effectiveness of the brand and dramatically increase the costs of achieving brand recognition.
We want to begin with a proposition:
A national practice is national in reputation.
In other words, just because you travel all over the country at the behest of your clients does not mean you have a national practice. It means you have a lot of frequent flyer miles. You can lay claim to a national practice when your reputation for your expertise and sagacity has extended beyond the natural boundaries of a region (city, state or multi-state economic cluster).
David Boies has a national practice; Skadden has a national (even international) mergers and acquisitions practice; Wilmer Hale has a national SEC investigations practice. Obviously the list could go on and on because many accomplished individuals and many accomplished firms have national reputations.
Tags: Marketing, Positioning, Strategic Planning
Posted on 12/10/07 at 4:58 pm
May the calendar keep bringing
Happy holidays to you
Come to Holiday Inn
If you’re burdened down with trouble
If your nerves are wearing thin
Park your load down the road
And come to Holiday Inn
— Bing Crosby: “Happy Holidays”
As the holiday season approaches, so does the often cheerless task—ironically—of producing and mailing the firm’s holiday card. If you’ve received this assignment, you could be forgiven for taking an axe to Bing Crosby’s perennial noel… but a closer look at the lyrics above suggests that Bing may have shared your pain. (By the way, these are the real lyrics; we looked them up.) We know these thoughts are too late for this year, but seasoned veterans know that it’s never too early to start planning for the next.
For years, we’ve heard horror stories surrounding the production of what is supposed to be the year’s warmest sentiment. So we thought we would share some of what we’ve learned, advice that might turn this annual chore into the celebration of gratitude and affection from your organization to your friends and clients as it was originally intended. Then you, too, may be singing:
If the traffic noise affects you
Like a squeaky violin
Kick your cares down the stairs
And come to [insert your organization here]
Every year, we collect all the cards and gifts that come into our office and spend a firmwide lunch discussing them. We vote on the best and shamelessly belittle the worst. We are merciless even though we know very well that the worst card we get has best wishes for us in mind. Are we particularly cruel? The jury’s out on that one, but here’s what we know: the impression your card or gift makes is the difference between a wasted effort and a memorable one.
Tags: Holiday Card, Marketing
Posted on 11/26/07 at 5:00 pm
There’s not much that gives management of professional service firms greater pain than reports of a potential recession or a prolonged unstable economy. Poor economic conditions quite often lead to uncertainty within firms, and the costs of marketing efforts are always an easy target of scrutiny. One thing is certain: the U.S. economy is in a funk. Inflation is on the horizon; the housing market has banks in turmoil; oil prices are hitting record highs; and the stock market is experiencing more ups, downs and corrections than a mountain road under repair. All of these issues only increase the fear that a recession might be around the corner and that the growing profits at professional service firms might be in danger of slipping after a long period of steady growth. As firms start preparing operational budgets for the coming year, discussions of belt-tightening are being heard in the halls once again.
Marketing 101 tells us that in times like these, the best prescription for an organization’s stability and success is to, at a minimum, stay the course. An even better course is to be aggressive and capture market share from those competitors that hunker down until the economy rebounds. Intellectually, this makes sense. However, convincing emotional shareholders not to take the conservative route in an effort to protect their cash flow is a bit more challenging.
So, what’s the answer? Although there is no survival guide for marketing during an economic downturn, there are some good remedies to help lessen the severity of recession jitters.
Tags: Advertising, Marketing, Recession, Recruiting, Thought Leadership
Posted on 09/04/07 at 5:10 pm
Choate, Hall & Stewart launched a groundbreaking Web site earlier this summer to critical acclaim and a large dose of industry buzz. While the entire site is a stand out, the Careers section earned the most attention. It integrates reality-TV style vignettes, professionally acted commercial videos, vintage film footage and a healthy dose of humor—all to communicate the many benefits of working at Choate. Check it out yourself at choate.com/careers.
Targeted campus recruits give the site high marks for its form and function. They think the videos “put a human side” on the firm that they aren’t seeing at other firms and they especially appreciate the professionally acted videos for “saying it all while saying so little.” At the same time, Choate recruiters report that the Web site is getting rave reviews. A typical interview starts with a student smiling and remarking that he or she likes the Web site. Recruiters also feel that their job is easier because some points have already been made before the students meet them.
You bet. Off campus, choate.com earned the attention of the press and the general legal community. Since its mid-July launch, the site has been featured in The Wall Street Journal’s legal blog, the Boston Business Journal, The National Law Journal and in an upcoming issue of The American Lawyer. On top of that coverage is the resoundingly positive banter on several legal marketing sites and blogs.
Well, first, choate.com is the sharp execution of a smart idea. But it’s also a true original in the legal space. Choate is the first mover. And as a result, Choate gains the first mover advantage. Choate joins a class of notable marketers who have dared to be different and set new precedents.
Tags: Innovation, Marketing, Public Relations, Video, YouTube