By THE CLIO TEAM
Any lawyer responsible for the
ongoing success of their firm understands that finding ways to bring in new
clients is the only way to ensure the lights stay on.
This is especially
relevant for lawyers — new and experienced — starting their own firm, where breaking
new ground depends on how far you can spread the word.
Most discussion on how to
start a firm has focused on the plight of new lawyers — i.e., recent law school
graduates. If you’re a recent graduate, chances are you’re mired with debt with
few substantial resources to guide you in finding success. A most significant
challenge, however, is the limited scope of business contacts that a lawyer
builds naturally throughout the course of their career.
Take experienced lawyers — or
those mid-career — however, and the challenges aren’t necessarily very
different. Exchange student debt for the cost of a mortgage and raising a
family, and financial pressures never really abate themselves (sorry grads).
Where it gets more complex is building that client base of your own accord. One
might think experienced lawyers could bring a book of business from their
previous firm. However, this is less common than you might think. Building a
personal client base is difficult when working for someone else, since law firms
tend to actively protect their client relationships from poaching — even though
ethics codes require that clients ultimately choose their continuing
representation.
For any lawyer launching a new
law firm, finding ways to market yourself to your audiences is essential to
attracting new clients.
Find your first clients
In most cases, your first
clients will be friends or family members, or people referred by them. While
that’s a logical place to start, many attorneys will stop there, ignoring a
potentially long list of existing business contacts. (Even if you’ve only just
left law school, you have business contacts!) If you’ve been an intern, if you
know a lawyer in your hometown, if you have an uncle who’s a paralegal, start
there.
The key is to maintain a
contact list while finding ways to communicate with them on a regular basis.
It’s essential to notify your network about what you’re doing and to keep them
apprised of your activities. A few emails and the occasional phone call is all
it takes, and you can always add more tools and greater sophistication to your
communications later on, when regular newsletters and client alerts can help
you do this with more efficiency.
Plan your broader marketing
strategies
The line between networking
and marketing is a thin one, but for the purpose of this discussion, think
about your broader marketing strategy as your formal effort in building
relationships with potential clients beyond your own personal network. This is
where you use specialized channels to get your name out there.
There is quite a bit that you
can do as a solo or small-firm lawyer to market your practice for no money
down. Content marketing is a great way to build your authority in a specific
industry or practice area — by getting your name into the marketplace and
establishing credibility. Maintaining an active blog can make you more visible
to clients through search engines, and social media is an excellent means for
building your network and learning about your clients.
Paid advertising can also be
lucrative. While some forms of online and print advertising can require large
budgets, there are many affordable methods that are more feasible for most
startups. Some firms pay almost $1,000 per click to advertise for certain
keywords in Google, but if you know your niche, you can bid on terms with a
much lower cost — or try Bing, which is generally cheaper.
You can also pay to
advertise through social media channels, which are both affordable and highly
targeted — ensuring that you get the most value out of every dollar you spend.
Not only can you set budget limits for your campaigns, but you can also define
exactly the type of audience you’re looking to communicate with.
Since fewer companies rely on
physical advertising, this could be a means for you to stand out with a
creative or odd-shaped mailer. Put yourself in the shoes of your potential
clients. The world has shifted to digital mediums, and when something
legitimate and tangible enters your mail slot, you create great opportunities
to stand out.
Balancing your marketing
tactics is key here, and knowing who your looking to target is crucial.
New law firm essentials
If you’re looking to start
your own firm, or if you’re looking to evaluate and reassess an existing practice,
this free report, How to Start Your Own Law Firm, authored by Jared Correia,
outlines 10 essential steps for new and experienced lawyers:
- Create a business entity — if necessary
- Get
malpractice insurance
- Find your
first clients
- Plan your
marketing strategies
- Download now for the full list!
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