WSJ: Lawyers Learning the Skills Needed to Draw, Keep Clients
From the Wall Street Journal:
"In the last few months, law firms have become increasingly aware that training lawyers in marketing and business development is a key way to drive business. According to a February survey of 120 marketing directors at large law firms -- conducted by legal market researcher, BTI Consulting Group -- business development is one of the few marketing areas where law firm executives are most willing to increase spending. Nearly 70% said they planned to provide more marketing coaching to lawyers.
"Marketing coaching fills in where law school falls short on training. Firms are enlisting coaches who work one-on-one with their lawyers on how to keep up with existing clients and court new ones. While it's certainly not a new concept to the legal world, this kind of strategic networking becomes critical as business wanes. "As business falls off everywhere, all of us need to have an eye on where the next thing is coming from," says Edward Winslow, partner at Brooks, Pierce, McLendon, Humphrey & Leonard LLP, an 85-lawyer firm based in Greensboro, N.C.
"Larry Bodine, an Illinois-based law firm business-development consultant, has been working nights and weekends to accommodate his new influx of clients, which has tripled from 20 to 60 lawyers since January. "Business development is not something taught in law school," he says. "Basically you spend three years reading appellate court opinions and you don't learn anything about building a clientele," he says.
"While many firms are looking outside to hire coaches, others are ramping up internal efforts. At Boston-based Nixon Peabody, where the marketing budget is down 20% this year, chief marketing officer Mark Greene says there has been a distinct shift in how resources are allocated, with more emphasis on coaching individual lawyers. "A year ago the department was more focused on marketing in the traditional sense of brand creation," says Mr. Greene. "We have shifted resources toward one-on-one relationship building."
For more about business development training, visit www.ApolloBusinessDevelopment.com
