Client Service and Relationship Strategy
December 21, 2011
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Business Development, Change, Culture, Growth, Innovation, Key Account Management, Leadership, Strategy, Values, Vision /
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Published in Best Practices in Legal Marketing Despite having been centre stage for almost two decades, it remains the case that the effective management of client relationships and the delivery of quality and consistent levels of client service are two of the key management challenges facing many firms. These obstacles are multi-dimensional since the […]Read More
Market Changes – Dealing with Uncertainty Using Scenario Planning
December 20, 2011
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Business Development, Change, Culture, Key Account Management, Leadership, Strategy, Vision /
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Published in Best Practices in Legal Marketing In the turbulent business environment faced by modern law firms it is imperative that any strategy is robust. By this I mean that it has inbuilt flexibility, enabling it to respond appropriately and quickly to changing circumstances, as well as having sufficient resilience to allow firms to […]Read More
Emerging Opportunities
December 18, 2011
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Business Development, Change, Key Account Management, Merger, Strategy, Vision /
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Published in the Emerging Markets: Taking the Plunge review An effective strategy for capitalising on emerging market opportunities is a standing agenda item for the boards of internationally-minded firms. Indeed, the topic is so enduring that some markets have moved from emerging to emerged in the time that the subject has been under consideration. […]Read More
The Role of the Partner in Delivering a Marketing Strategy
December 7, 2011
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Business Development, Change, Culture, Growth, Innovation, Key Account Management, Leadership, Strategy, Values, Vision /
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Published in Best Practices in Legal Marketing While it may be self-evident that the law firm partner has a central role in the creation, development and implementation of a successful marketing and business development strategy, the nature of this role is less well articulated. This chapter considers the nature of this role and the […]Read More
Effective business development = low risk + high trust
November 28, 2011
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Business Development, Change, Key Account Management, Leadership, Strategy, Vision /
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Managing Partner Magazine BLOG The best approaches to law firm marketing and sales share two characteristics: they aim to minimise perceptions of risk and to maximise feelings of trust between the decision maker and the firm. For clients, it is crucial that trust is high and risk low when engaging lawyers. Their often-subliminal thought […]Read More
Effective business development = low risk + high trust
November 5, 2011
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Business Development, Change, Key Account Management, Leadership, Strategy, Vision /
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The best approaches to law firm marketing and sales share two characteristics: they aim to minimise perceptions of risk and to maximise feelings of trust between the decision maker and the firm. For clients, it is crucial that trust is high and risk low when engaging lawyers. Their often-subliminal thought processes centre on issues such […]Read More
Have we forgotten about clients in merger discussions?
October 5, 2011
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Business Development, Change, Growth, Innovation, Key Account Management, Merger, Strategy, Vision /
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Law firm mergers are fascinating things. They mix high drama and Greek tragedy as courting parties – initially with uncharacteristic coyness and latterly with a disregard to sensible decision making – waltz towards ultimate consummation. However, much of the discussion is tangential to the real issues at play. Understandably, negotiating teams are keen to present […]Read More
Resourcing Strategy
September 14, 2011
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Business Development, Change, Growth, Innovation, Key Account Management, Merger, Strategy, Vision /
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Published in Managing Partner magazine For most law firms, a successful strategy must blend the concept of opportunity-fit with that of resource-stretch. This is because, having identified new client or market opportunities, it is often not a simple task to re-engineer the firm to provide an alluring competitive fit. Firms are constrained by relative […]Read More
Hardwiring Values
March 30, 2011
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Business Development, Change, Culture, Growth, Leadership, Merger, Strategy, Values, Vision /
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Published in Managing Partner magazine In law firms of all sizes, managing partners are keen to position their firms as having a clear set of guiding principles by which they conduct business, engage with teams and serve clients. However, there is often an underlying misconception that a values-led approach is altruistic or, worse still, […]Read More
A New Approach for a New World
February 27, 2011
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Business Development, Change, Culture, Growth, Innovation, Leadership, Merger, Speaking & News, Strategy, Vision /
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Change Management for Law Firms LAW FIRMS continue to grapple with a number of shifts in their competitive environment as difficult market conditions show little sign of abatement. These issues create a maelstrom that will tax the skills of any leadership team to the limit. Here we consider some of the core drivers in […]Read More
Global Firms Should Worry More About Brand Experience Than Single Profit Pools
Published in Managing Partner magazine The rise in international mergers over the past two years has raised a number of interesting issues about the way in which law firms can best service clients on a global basis. One of the more introspective questions asked by some in the profession is whether these unions are […]Read More
Client Strategy in a Changing Legal Market – Executive Summary
February 11, 2011
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Business Development, Change, Growth, Innovation, Key Account Management, Leadership, Strategy, Vision /
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Report published by ARK Group Client strategy sits at the heart of all strategy. Without the ability to attract and retain clients, at a price which delivers an acceptable level of profitability, no business can be viable in the longer term. A firm’s client strategy should be under constant review in order to ensure […]Read More
Game Plan
October 22, 2010
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Business Development, Change, Growth, Innovation, Leadership, Strategy, Vision /
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Published in Managing Partner magazine Alternative fee arrangements are here to stay. A combination of increased competitive sophistication and recession economics mean that clients of all hues are increasingly unwilling to pay their lawyers on the basis of hourly charges. Client demand means that legal services must be delivered better, faster and cheaper. Firms […]Read More
Competitive Force
September 28, 2010
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Business Development, Change, Growth, Innovation, Leadership, Strategy, Values, Vision /
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Published in Managing Partner magazine The book Blue Ocean Strategy challenges the primacy of competitive strategy theories. While originally developed to support longer-term corporate strategy, the principles of a Blue Ocean approach can be adapted to create new value propositions and strongly differentiate a law firm. Rather than simply dominating existing markets, it argues […]Read More
Land of Promise
August 31, 2010
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Business Development, Change, Growth, Innovation, Leadership, Speaking & News, Values, Vision /
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Published in KM Legal magazine The enduring market for legal services, with supply significantly exceeding demand, means that law firms are being challenged by their clients to deliver their services better, faster and cheaper than ever before. Impending deregulation seems set to be a further catalyst for this now established trend. A wide range […]Read More
The Role of Competitive Intelligence in Shaping Strategy
July 22, 2010
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Business Development, Change, Culture, Growth, Innovation, Key Account Management, Leadership, Strategy, Values, Vision /
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Competitive Intelligence: Improving Law Firm Strategy and Decision Making “IF YOU are ignorant of both your enemy and yourself, then you are a fool and certain to be defeated in every battle. If you know yourself, but not your enemy, for every battle won, you will suffer a loss. If you know your enemy and […]Read More
Fit for the Future
May 26, 2010
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Business Development, Change, Growth, Innovation, Key Account Management, Leadership, Strategy, Vision /
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Legal Week Student What sort of world will the law firms of tomorrow inhabit? How will firms respond to changing client demands? What will the fundamental economics of a legal services business look like in ten years? What skills will be needed to succeed and where will they be acquired? These are some of […]Read More
A New Model of Partnership
April 23, 2010
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Business Development, Change, Culture, Leadership, Strategy, Vision /
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Managing Partner magazine Being a partner isn’t what it used to be! The economic climate, impending deregulation, ever rising client demands, attitudinal changes (both in society and among young professionals), the apparent obsolescence of the historic charging model and the impact of IT on process efficiency are all catalysts forcing change in many firms. […]Read More
Walking the talk
March 12, 2010
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Business Development, Change, Key Account Management, Leadership, Strategy, Vision /
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Legal Marketing Magazine Perusing law firms’ corporate communication materials and browsing their websites is a pretty mundane pastime. In truth there are only so many ways in which even the most eloquent of wordsmiths can say the same thing over and over and over again. Taken at face value we live in a world […]Read More
Out of this World
January 30, 2010
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Business Development, Change, Culture, Growth, Innovation, Key Account Management, Leadership, Strategy, Values, Vision /
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Managing Partner Magazine The past year has seen unprecedented turbulence for the legal profession, but is perhaps simply a portent of what is to come. Longstanding rules of competition and client relationship management have been cast to one side. A new, resolutely commercial, approach is to the fore, which is an anathema to those […]Read More
“The Road is Long” Merger Masterclass
November 17, 2009
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Business Development, Change, Culture, Growth, Key Account Management, Leadership, Merger, Strategy, Values, Vision /
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Published in Managing Partner Magazine Many managing partners regard the delivery of a successful merger as their gold-standard achievement. In one act they see themselves able to demonstrate, for the entire world to see, that their firm is going places, has ambition, and is prepared to move decisively and determinedly to achieve its goals. […]Read More
“Hitting the Ground Running” Business Development Masterclass
October 25, 2009
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Business Development, Change, Culture, Growth, Innovation, Key Account Management, Leadership, Strategy, Values, Vision /
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Published in Managing Partner Magazine Many firms are coming to terms with a very uncomfortable truth: that growth is the only way out of the perilous position in which they find themselves. In many cases, costs have been pared to a point at which any further marginal reductions will have limited impact. Furthermore, the […]Read More
Developing Business on a Shoestring
October 12, 2009
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Business Development, Change, Key Account Management, Strategy, Vision /
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Published in PSMG Magazine Forget the logic about counter-cyclical investment, when cash is in short supply discretionary budgets feel the pain. This is even more the case in businesses with high fixed and semi-fixed cost bases like professional service firms. It can therefore be no surprise that business development and marketing budgets across the […]Read More
Primus Inter Pares
August 18, 2009
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Business Development, Change, Culture, Leadership, Strategy, Vision /
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Published in Managing Partner Magazine Observation and experience over the past 20-plus years have led me to formulate the ‘First Law of Professional Firm Management’. It can be simply stated and I have found it to be true in firms of all sizes, shapes, hues and colours. It is most strikingly accurate among partners […]Read More
Risky Scenarios
May 9, 2009
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Business Development, Change, Growth, Innovation, Strategy, Vision /
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Published in Managing Partner magazine An acid test of the efficacy of any strategy is the way in which it is able to accommodate and respond to uncertainty and unforeseen risks as they emerge over time. While we live in an increasingly non-linear world, many strategies are still constructed using a surprisingly onedimensional model. […]Read More
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