Archive for the ‘ business development ’ Category

Why yes, Amy, I did learn two new things

After PartySpoke on a panel yesterday with Adrian Lurssen and Molly Potter on content marketing. Adrian Dayton was the ring-leader. Lots of good folks in the room.

Adrian D. kicked things off with a giant piece of paper on each table asking us to write down what we hoped to get out of the program.

From our table Amy Knapp threw out: “I want to learn two new things.”

As we were all presenting from our table, our knowledge base was different than the rest of the room, and I wondered if I would actually learn two new things.

However, I always say that I define a program as successful if I can walk away with one new ACTIONABLE idea.

I came away with three new things:

  1. Google Authorship. Seriously. What rock have I been sleeping under? Kevin O’Keefe wrote about it way back in March here. Time to play catch up.
  2. Clicky: Web Analytics in Real Time. I originally hosted The Legal Watercooler on Blogger and got great analytics, including the name servers visiting my site. When I switch over to WordPress a few years ago, I lost that feature in my analytics. Amy shared about Clicky and before I left the room yesterday I had added it to my blog. So watch out. I can see you again.
  3. Adrian L. simplified a concept into one sentence that resonated with me, and something I am sharing with the lawyers at my firm who blog: Blog titles should tell the reader WHY they should open up and read the post, not WHAT they are going to read. It’s not that I didn’t know this. I just needed to hear it this way.

So, all in all, very successful program.

Prospecting for Clients

Oh, those crazy kids over at Law Firm Satire are at it again. This time, an homage to Ken Burns inviting you to the LMA-Bay Area Technology Conference.

Should you hire for function or fit?

It is no secret that I’m very interested in how teams work, how individuals (ME) fit into a team, and how we all come together to get the job done.

A colleague of mine posted an interesting job description for a Director of Law Firm Marketing and Public Relations:

  • “Intense Measurement” is your mantra. You prescribe to the theory that water boils at 212⁰F. Not at 210⁰ or 211⁰. It has to be 212⁰F. Even if you have 99.5% of the heat you need – your water is at 210⁰F – it won’t boil. Yet if you just tweak one or two small things – move the pot slightly to the right or increase the fuel a hair – suddenly everything changes. The water starts to boil. The same applies to the Marketing and Public Relations Director’s job – you can put lots of effort into it, but nothing “boils” until you look for those missing, magical “degrees” that could change everything. Whether you need to place more “streaming ads” on sports radio stations on Mondays, you need a direct response campaign during the heaviest tax return weeks, or you’re convinced we need a same-sex only divorce site (one in five couples meet online, but three-in-five gay couples meet online)…you never give up and the “perpetual beta” is something that you focus on day-in and day-out;
  • You’re a quick study with strong people skills…you have the ability to read people quickly (and accurately)…you are approachable, inspire candor and welcome multiple points of view;
  • Basic marketing research skills: you know how to collect information, analyze research and develop reports explaining their findings. You use calculations and formulas to evaluate data as you attempt to forecast future trends, and use information you find to support these claims;
  • You have a love and knack for writing, you “rock” in social media marketing, and you can write original copy based on your solid understanding of our primary areas;
  • You are proficient in Microsoft Office and Acrobat, and you know the basics of Photoshop, Illustrator, and InDesign, and
  • You can juggle multiple priorities simultaneously, establish clear priorities, meet deadlines and remain laser focused on the goal in a never-ending environment of change.

I love it.

I would hope that the resumes coming in will be include a wider pool of folks who will be the right fit, but perhaps not have the spot-on skill set that you would get from a functionally focused job description.

Some of these skills can easily be learned, especially if you have an inquisitive personality, and enjoy learning new things. But you cannot teach someone to be inquisitive or have a desire to learn.

Reminds me of some interview questions I’ve been asked over the years: “How can you market us in New York when you live in Los Angeles?” “Can you tell us about your experience marketing lawyers within the ABC industry?” “Who are your PR contacts in XYZ community/industry?”

Really? Why not ask me what I’m going to do in my first 90 days?

I don’t need to live in Santa Barbara, or Silicon Valley, or Denver to understand how to build up and learn about those markets, manage resources, and identify opportunities. Yet I have successfully taken on responsibilities in all of those markets, and work with lawyers to expand their practices in each community.

I knew very little about the insurance industry when I took on my current job. Probably why I subscribed to every insurance industry/business publication I could find during that first week.

We recently held a very successful industry conference for one of our practice groups. I didn’t sit in the sessions as my head was focused on all the logistics and I wouldn’t have heard a thing.

One of the lawyerly types said I would probably be bored learning about the minutia of what they do.

Actually, I do need to know what the lawyers do, and how the clients operate, but on a just below the surface level.

As I told one of my partners: I need to know enough about what you do to identify opportunities and help you market your practice.

But the real answer goes a bit deeper then that:

  • I need to understand the marketplace where the attorney operates. I need a clear understanding of who their buyer and influencers are.
  • I need to know the legal resources used, and where to find the answers to questions I might have.
  • I need to know the legal terms, and the major laws and legislation surrounding the industry. Where are the hurdles and brick walls that clients come up against?
  • I need to understand the business lines of the clients involved, and how they are currently operating in the marketplace. I need to have a clear understanding of the business needs and concerns of the client.
  • I don’t need to know enough to do the lawyer’s job.
  • I don’t need to run the client’s business.
  • I need to be able to connect the dots between the client’s business problems and our attorneys’ legal solutions.
  • And I really need to understand how my firm and our attorneys differentiate from our competitors.

So lacking specific industry, marketplace or functional experience should not be a game-stopper for interviewing or hiring an individual for a specific job. For those involved in the hiring process I would want to know:

  • How does she fit in the existing teams within the firm, practices, departments?
  • What are the qualities of his personality that will move projects along and get the job done?
  • Does she have the thirst for knowledge and inquisitive nature to seamlessly take over an existing position, or create a new one?
  • Can he fit in and manage the attorney personalities within our firm and culture?

Back to the questions at hand: Should you be hiring for fit or function. I’ll go with the Pareto principle on this one. 80% fit and 20% function.

Which came first? The content or the promotion, or is it the engagement?

Kevin O'Keefe & Me at the Clipper's Game.

Kevin O’Keefe & Me at the Clipper’s Game.

I’m lucky to know some really cool and smart people out “there.”

These really cool and smart people have individual thoughts and opinions, sometimes contrary to what the other really smart and cool people think, believe, and hold dear.

I like hanging out and around people who get social marketing. They don’t all agree what that means, how to do it, and what the best practices are, but we have really great conversations.

Some will say that social marketing is about the content.

Others will say that it’s about the promotion.

And others about the opportunity for engagement.

I say that it’s a cycle: Content > Promotion > Engagement > Content > Promotion > Engagement.

And not necessarily in that order.

I got to spend some time with Kevin O’Keefe last week and we talked about using social tools for engagement. And how you identify and build relationships.

Yesterday I got to spend time with Adrian Lurssen in my office and we discussed creating content.

He wrote a blog piece, What Does Marketing Mean Anyway (Maybe the Opposite of What You First Think …), that was inspired by our meeting, which had great bullet point actions for lawyers to take:

  • Look at your analytics. They’ll take the guesswork out of what interests your market. Technology can tell you exactly what interests these people.
  • Once a month, look closely at which of your articles did well, and which did not. Look for patterns and trends. Try to figure out why (lots of shares? Means it struck a common chord. Pick-up by another blog or press outlet? etc.)
  • Escalate the content that does well. Write another post on the topic. Turn it into a series, a webinar, a video, a stand-alone blog of its own. (All of these are options, depending on how big the reception, and how much you want to be known for this topic.)
  • Look at the searches that drove people to your content. Why are you being found? These keywords are, among other things, a pretty clear expression of what interests your readers right now.
  • Look at who is coming to your work – which companies? which subscribers? which networks? All of it valuable insight into the current interests swirling through your marketplace.
  • Ask your clients what they want to know about. Think how pleased they’ll be to a) see you care, and b) read your thoughtful response.
  • Read industry periodicals with an eye to how editors frame the issues.
  • Rely on your own insights. You know your clients and what makes them tick. Don’t go looking for something else to write about; write what you know.
  • Join active LinkedIn groups populated by professionals in the industries you serve. Listen to their conversations in those groups.
  • Once a month, measure who socially shares your written work. What are they saying? If a share leads to conversation, be pleased with the compliments. Use the negative comments as fodder for your next writing assignment – you know what your audience cares about…

The cool thing is, I don’t have to agree with all or any of these bullet points, or any of his article, really (although I do). I just get to be inspired by his inspiration that was inspired by an engagement which was inspired by some content.

And Adrian’s blog post inspired me to write this, which makes him a valuable asset in my arsenal of doing a good job. And Kevin reminds me again and again about engagement.

What I have found, over these years, is that content, promotion and engagement are one activity. Rinsed and repeated over and over again.

I cannot promote what’s in someone’s head (mine or anyone else), so I need that content (a blog post, an article, a tweet).

My formula for successful content marketing and business development:

  • Create content of value (determined through trial and error, measured by analytics).
  • Promote content via social media tools (blogging, Twitter, Facebook, LinkedIn, YouTube).
  • Engage with other people out there (retweet, @, hyperlinks, LinkedIn connections).
  • Build network of value (Twitter Lists, Facebook Groups, LinkedIn Groups, etc).
  • Engage some more.
  • Rinse and repeat.

Over time, and not a long amount of time, you will attract and meet people you didn’t otherwise know. Your social marketing will convert these strangers into people you do know.

(I picked that up from a nifty slide Adrian had yesterday).

And it is with these people that you now know, with whom you will develop relationships, where you will find new business opportunities (direct or referred).

Increasing that pipeline, baby.

Some more really cool and smart people

It’s a symbiotic relationship: content + promotion + engagement.

As are our personal relationships.

Alone, none of them mean a thing, or can be successful. Together, they can be magical.

Adrian was worried that my big leave behind from yesterday’s meeting was that Google Reader is being retired (don’t get me started again).

But it wasn’t.

The leave behind for me was this: To get a lawyer to open up his or her mind and to pour their thoughts out so that I can turn that intellectual capital into content, that can then be promoted, and eventually used to engage new people and build trusting relationships, that will lead to new business opportunities, they have to be inspired.

And for the lawyers in my firm to be inspired, I have to be inspired.

And I get inspired by really smart and cool people.

Thank you Kevin and Adrian. You inspire me. You really do.

(as do Gail, Gina, Laura, Tim, Laura, Lindsay, Rebecca and Nancy, and so many, many others).

Viva Las Vegas!

Don’t Spam Conversations, Elevate the Content

A couple years ago I started a Facebook group for Legal Marketers Extraordinaire (LME). The group is “secret,” per Facebook’s definition, but open to all legal marketers. However you need to be invited in (leave a message in the comments below if you need an invite).

We’re a mixed bunch: in-house legal marketers, outside consultants, and service providers.

We cover all 5 Ps of marketing (product, price, promotion, place, people). So our conversations are as diverse in theme as they are diverse in sophistication.

For anyone who is part of an industry group, whether on Facebook, LinkedIn, an association listserv, etc., the value of the group is dependent upon the membership and the content.

One bad apple can spam the group into silence and make it irrelevant, which I have found to be true of most of the LinkedIn groups to which I belong. They have lost their value as more and more people just dump links in an effort to self-promote themselves.

Not so with the LME group on Facebook. We have great conversations. Touch on some high level topics. Some irrelevant, but still valuable, threads.

One of our esteemed members sent me an e-mail yesterday asking the following question:

Heather, what’s your policy / thinking / take re members posting links to their blogs on the site? Most bloggers are not, like you, in-house, but are consultants.

My response, which I posted publicly to the group:

For me, it comes down to value and content.

No one here should be posting a link to every single blog post they write (and no one is, thank goodness). Linking to your blog should be done in context to the conversations that we’re having, or topics and themes we’ve been discussing.

Example: We’ve had some interesting conversations around pricing recently. If a consultant/service provider has a great post, that they feel adds value, I would appreciate them posting and taking the conversation to a higher level.

We’re all adults here. We know the difference between adding value, and spamming the group. And, really, from the variety of conversations we have, everyone should be able to highlight their wares very nicely.

I think that advice resonates across the different platforms where we can promote ourselves and our business offerings: speaking at conferences; leading a webinar; writing a blog post or e-newsletter; participating in a LinkedIn or Facebook group; or, replying all on an association listserv.

We consumers of information do not want to be spammed. But if you are really smart, and have something to say, by all means, elevate the conversation, even if that mean posting your latest blog entry, adding the slides from your recent presentation, or linking to the YouTube video you just posted.

When doing so, you add value. And, in adding value, you promote yourself in the best light possible.

But if you are adding content again and again in the attempt to self-promote, we consumers of information are sophisticated enough to recognize it, note it, and eventually block and/or unsubscribe to it.

Ding Dong, is the elevator speech dead??

David Freeman has a great video this morning on how to engage in a conversation with a potential client, not just regurgitate a boring and pre-planned elevator speech.

With all due respect I would officially like to kill the concept of the elevator speech and replace it with an approach designed to start a memorable conversation.

I couldn’t agree with David more. No one wants to be talked to, especially by a lawyer, no matter how charming and brilliant you are (wink).

 

Take a deep breath when meeting someone new. Ask some engaging questions about the other person. Their business. Their industry. Their challenges. And listen to the responses.

If you have the legal skills to help solve their business problems, feel free to share some tips or suggestions.

If there is a potential there for a new relationship to form, you need to start introducing yourself and your firm to the prospect.

Odds are, you won’t walk away with the business today. This is just the first touch point of many that will be needed to establishing that know, like and trust so necessary to converting a prospect into a client.

The most important step in this initial meeting is to walk away with your next step confirmed.

You need to ask for the permission to contact them again:

“I’ll send you a link to that article when I get back to the office.”
“I’ll put you in touch with my partner Bill so that he can get you that information. It really is his specialty.”
“Let’s meet back here for a cup of coffee after the last session. I have some ideas that I’d like to run by you that might help.”

In these initial meetings the 80/20 rule is so important to follw: Listen 80%, speak 20%.

ROI Calculator for Tickets

Oh, the bane of the marketing department’s existence: sports tickets. Let’s give a collective eye roll here. They suck time from the department. Too many lawyers use them to “entertain” quote “clients,” who are really personal friends. We know it. And yet, they can be an incredible business development tool, but it is so hard to measure their impact, and the financial investment.

Lucky for me, our client base is not based in Los Angeles, so I just buy tickets as we travel, and I use a broker.

My ticket guy, Matt Anis (who is FABULOUS and always takes care of me when I need tickets in a strange city) from Spotlight Ticket Management, Inc. just sent me their new Business Impact Calculator for sports tickets, and it looks like this: ROI Calculator

From Matt’s email to me:

The Company Ticket ROI Calculator brings together the expertise of the world’s top law firms, auditors, accountants, sports teams, and over 4,000 Spotlight customers into one simple step-by-step analysis of how much you can demand from your company tickets.

Highlighting the tax benefits, legal liabilities, and business impact of your current tickets, the no-cost ROI calculator is a necessary tool for any business with sports, concert, or theater tickets.

Click on the image to go to the live calculator.

I’m not sure how accurate it is, and there is an advanced calculator that you can use as well, but it’s the first time I have every seen anything like this come around, so play around, have fun, and let me know what you think.

The 5 Ps of Legal Marketing Now Includes Pricing

As a member of the Legal Marketing Association‘s (LMA) Board of Directors I get the inside scoop to what’s going on in our association. But sometimes I am under the “cone of silence” and can’t say a thing.

I am so excited to officially get to spill the beans on some exciting news: LMA has launched a Client Value Shared Interest Group (SIG) focused on Pricing, Project Management and Process Improvement. From our board president Aleisha Gravit‘s message to today:

The SIG is being formed under the leadership of Toby Brown, Director of Pricing and Strategic Analytics at Akin Gump, along with some of the industry’s top leaders in legal pricing, project management and process improvement, many of who will be joining the LMA community as new members. These leaders bring with them a group of nearly 150 pricing and process improvement experts from the legal and business community and we are excited about the amount of experience and perspective they will bring to our pricing discussions and other LMA topic areas.

This SIG’s focus furthers LMA’s position as a thought leader for the legal marketplace as it relates to the 5 P’s of marketing: Promotion, Placement, Pricing, Product and People. Members will share best practices and create an informed dialogue about pricing structures, project management and process improvement trends in the legal profession. LMA already provides content related to pricing considerations in the legal market; the new SIG not only extends but elevates our programs in this topic area.

I for one am so excited to welcome Toby and company to LMA. I plan to sit front and center, live-Tweeting his session at the LMA Annual Conference (April 10-12 | Las Vegas). I’ve even officially joined the SIG. Can’t wait for the first in-person meeting at LMA, and all the webinars to come in the near future.

This is an exciting new venture and direction for our professional association. Pricing, project management and process improvement are a PERFECT fit to where are are evolving as a group, and as an industry. We’ve come a long way since Bates v. State Bar of Arizona.

A Guy Walks Into a Law Firm CMO’s Office and …

Ben Greenzweig

I’ve known Ben Greenzweig, Co-CEO, Momentum, for several years. We met through the Legal Marketing Association (LMA). Like many of my LMA friends, we started out working on an LMA project — the annual conference — moved that relationship forward, and are now personal friends.

Ben and I were recently talking about LMA and how this association, and the legal marketing profession, is different than any other. I asked Ben to write about his experience with LMA, and why, when launching his own company, he chose to remain connected to legal, legal marketing, and LMA.

———————————————————————————————-

When I walked into the offices of Loeb & Loeb in 2005 little did I know how much of a life changing event that moment would be.

The meeting had no unusual purpose, as I was keen to meet with the brand new Chief Marketing Officer of a firm that I hoped to do more business with. After an intellectually intoxicating 90 minutes, I left that meeting with not only a new client, but a friend and an introduction to a network that would – in many ways – define my professional career going forward.

For those of you that ever met Jennifer Manton, you can understand when I tell you that she can be quite persuasive; a skill built on intellect and passion and honed with experience. So it should come as no shock that she successfully convinced me to join the Legal Marketing Association (LMA) and volunteer for a leadership position with the New York chapter during that very first meeting.

Over the next few years I was an active committee co-chair and then an elected board member at large. I’ll never forget my first Annual Conference in Atlanta when I was enveloped by an overwhelming sense of community, togetherness and, perhaps most importantly, a collective spirit of support that rivaled no other industry or profession that I have ever been exposed to.

As a speaker at the Annual Conference I was unsure of what reception I would receive given my relative “newbie” status, but those fears were quickly dispelled when Jennifer, my co-presenter Michelle Chaffin, and dozens of New York chapter friends made me feel as warm and welcome as can be. (Having Maya Angelou deliver one of the most inspirational keynote addresses I’ve ever heard didn’t hurt either.)

My personal “aha” moment came in the afternoon of day one when I took a moment to view the event through a conference professional’s eyes and realized that despite significant pockets of success, there was a major opportunity to enhance the value and experience for attendees at the Annual Conference. From that moment I was determined to create a better event for LMA, an event that I couldn’t wait to attend. I was a kid wanting to create a better candy store for me and my friends.

I spent the next few years sharing my vision of a more valuable Annual Conference experience with LMA leadership and during that process became introduced to an entirely new crop of former, current and future activists and leaders that provided me with limitless time, support and guidance. People like Betsi Roach, Jeanne Hammerstrom, Jim Durham, Andrea Crews, Alycia Sutor, Aleisha Gravit, Tim Corcoran, Lisa Simon, Heather Morse-Gellar, Eva Wisnik, Dawn Gertz and so many more that I would run out of space listing here.

Fast forward to 2012, after many successful years of working with LMA and driving my previous organization to record setting growth, I decided it was time to move on and forge my own path with a new endeavor, Momentum Events and Consulting, that I co-founded with my good friend and colleague, Matt Godson.

The support, encouragement and friendly advice I received from so many of my association brothers and sisters was beyond overwhelming. Good, bad or ugly, all the advice I received was genuine and fair, compassionate and educated. The one thing that remained constant throughout this journey was the feeling that the community I had become so intertwined with over 6 years was as much a part of me as I was a part of it.

I can never repay the debt I incurred from all the support I was – and continue to be – given, but I guess I’m not supposed to because LMA is not about repayment; it’s about paying it forward. LMA is a breeding ground for success, risk-taking and advancement. It is the trapeze artist’s net, the chemist’s Bunsen burner, the automobile’s air bags. LMA will not guarantee you success or failure, but it will provide enough support, encouragement and guidance to help you make the best decision possible.

So how can I pay it forward? I can start by saying that no other professional association I have ever been exposed to has ever been as collectively focused on an individual’s personal and professional success than LMA. Many of us work for companies that compete vigorously, ruthlessly, but what remains when the clouds of the free market lift is a network of people that truly believes that a rising tide lifts all boats. To say this collaborative spirit is uncommon outside our industry would be an understatement.

Like you, I do not know what my future holds; none of us do, but I do know that no matter which path I take, I will continue to be guided  by the relationships forged within LMA and for that I will remain forever grateful.

Ben can be reached at ben@momentumevents.co.

You have 2 seconds to wow me, or I’m outta here

Well, the latest and greatest study has confirmed what I could have told you based off my personal preferences and experience: You’ve got 2 seconds to load a video (or webpage) or the viewer will click away out of frustration.

bufferingBuffering kills comedic timing, and according to a study published by University of Massachusetts professor Ramesh Sitaraman, it kills attention spans, too

“What we found was that people are pretty patient for up to two seconds,” Sitaraman says. “If you start out with, say, 100 users — if the video hasn’t started in five seconds, about one-quarter of those viewers are gone, and if the video doesn’t start in 10 seconds, almost half of those viewers are gone.”

If a video doesn’t load in time, people get frustrated and click away. This may not come as a shock, but until now it hadn’t come as an empirically supported fact, either.

In Video-Streaming Rat Race, Fast Is Never Fast Enough

Here are a few more tips, based on my personal preference:

  • If your video is too long (over 2 minutes), I’m out of there.
  • If your video doesn’t come with a recap so I don’t have to watch it, I’m out of there.
  • If you video doesn’t get straight to the point, I’m out of there.
  • If your video is loaded with ads, I’d better get rewarded on the flip side, or I won’t come back.

Video is great. But you don’t want it to become a gimmick.

Sometimes I just want the information and the facts and the the moment I see a video, I’m out of there. I might be in a place where I don’t want to, or perhaps I really shouldn’t, watch a video. I might not want to invest the time to buffer and watch a video when there is not guarantee that what you are about to say is spot-on the topic I am researching.

And I don’t need an overly produced and scripted video.

For whatever reason, I came to your site for information. I may or may not want to watch a video. And while video does add interest, for me, I’m most likely looking for facts that I can use. And it’s pretty hard to print out and site from a video.

Add all of those barriers to buffering that lasts more than 2 seconds, and you’ve lost me before you had the chance to say hello.

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