This statement is proof positive,is it not, that most lawyers and law firms are bad, bad, bad at investing. Most open their doors, take out a yellow book ad or something, and bemoan the bad times. They are not out pounding, pounding, pounding the pavement, making contact, getting in front of people, and generally making themselves known.
First, most lawyers and law firm are looking during these hard times to cut back on their marketing expenses. Second, most assume that marketing takes a lot of money. Both concepts means they just do not get it. You should take advantage of this fact.
I once represented an electronics company that fell on hard times. Its solution was to terminate its entire sales staff to save money -- its entire commissioned sales staff. I do not have to tell you what happened after that. Cutting back on marketing during this recession is tantamount to the same thing.
Whether it is time or money, however, it is in times like these that lawyers and law firms need to increase their marketing. This investment will pay off dearly in the future, especially after the economy recovers.
Let us face facts. Especially in the area of networking or relationship marketing, it is sometimes hard to pry referral sources away from those they have been use to helping out with their referrals. Economic downturns tend to turn these relationships on their heads. It is hard to break these relationships during good time when everyone is fat and sassy. When everyone is having a bad time that attorney someone or some company refers to is just not that good, or just not that dependable, or just not that reliable, or there just needs to be change.
Also, the palace guards at companies, organizations, in-house legal departments are leaving, retiring, or being transferred. So, the possibility of referrals becomes wide open.
When lawyers and law firms sit on their hands, and do not more aggressively get out there in front of people, groups and organizations they need, they are not investing in growth. In short, if these people, groups and organization do not know the lawyer or firm exist, you are screwed even if they are considering a change in their referral practices.
And, do not think for a minute that just because they have referred business or cases or clients to you in the past that they know you now. I cannot tell you how many time I have stopped receiving referrals from a source only to call up their place of business and not be recognized by the new staff.
Remember, marketing is the process of accretion. It works gradually to buildup growth. So, the more consistently you invest time and/or money, the better will be your long-term return.
So, now is the time to dramatically increase your marketing, not reduce it. It is time to leave those other lawyers and firms wondering what happened.
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