Tuesday, April 23, 2013

3 New, Upcoming New Business Development WEBINARS - Register Soon, Space is Limited!

1) WEBINAR - Apps for Law Firm Business/Client Development
Friday, May 17, 2013, 12 Noon-1:30 EDT via Webex

The use of iPads®, iPhones® and Droid® smartphones among lawyers and law firm clients continues to grow rapidly and many lawyers download and use apps to enhance productivity. Apps are no longer just for basic research and document creation/management. The speakers will describe the impetus for developing their law firm’s app, the target audience, the app development plan (including challenges/obstacles/hurdles to development), which app platform(s) were chosen and why, the actual use of the app, results from it, best practices learned and next steps. To register, click here.

SPEAKERS:
Julie Gurney, Senior Marketing Communications Manager
Benesch – Benesch Apportunity®

Dave Harvey, Director of Business Development
Morrison Foerster - MoFo2Go

Julie Savarino, Managing Director
Business Development Inc. – Rainmaker Coach™


2) WEBINAR - Use of "Sales" Pipelines and "Sales" Models in Law Firms – What Works, What Doesn't©
Wednesday, June 5, 2013, 12 Noon-1:30 EDT via Webex

There is a renewed resurgence of law firms internally adopting the accounting firm “sales” model and “sales” pipelines. Some law firms ask senior Partners to reduce or eliminate their billable hours to concentrate on rainmaking. Other law firms hire sales people from outside professions to “sell” for the firm. This session will provide a review of the "sales" functions in accounting and law firms and discuss differences and similarities, how “sales” pipelines are used to support the business development process, what works and what doesn’t, barriers and hurdles and how clients/prospective clients respond. To register, click here.

SPEAKERS:
Steven Bell, Chief Client Development Officer, Womble Carlyle
Mike Duffy, Director of Growth & Client Service, King & Spalding
Julie Savarino, Managing Director, Business Development Inc.


3) WEBINAR - Mastering the RFP (Request for Proposal) Process for Lawyers®
Friday, June 14, 2013, 12 Noon-1:00 p.m. EDT via WebEx

These days, most large law firms respond to hundreds and mid-size law firms respond to dozens of requests for proposal each year and most law firms’ win-rates are decreasing. Attend this webinar to gain a master-level refresher course on what works in this increasingly challenging market for legal services. Relying on over 22 years’ experience helping lawyers and law firms pitch and win hundreds of millions in new business from all types buyers of legal services, Julie Savarino will cover six, key ‘master-level’ steps and techniques lawyers and law firms can use to increase the return on their time and effort invested in responding to and/or participating in RFPs, requests for qualifications (RFQs), pitches and/or beauty contests. To register, click here.

Thursday, March 21, 2013

Our new Rainmaker Coach™ App is now available in the iTunes® App Store for iPads® and iPhones®!

Click here to download.
To help answer questions you may have about the Rainmaker Coach™ App, below is a Q&A with one of the first users:Q – What made you purchase the Rainmaker Coach™ app?
A – I bought this app because I work in my office less and less these days and need resources that are instantly available wherever I am. Also, I spend a lot of non-billable time planning and implementing a range of business development activities; I want and need to watch my budget; and I want to systematize my efforts as much as is possible so that I can get the best outcomes and most amount of new work. I watched the videos about the Rainmaker Coach™ app and thought it would be useful for me, so I bought it. Now, for example, when visiting clients, prospective clients and referral sources I use the Rainmaker Coach™ app to help me be better prepared for those meetings and also to follow-up more effectively – especially after pitch meetings. This app allows me to take notes and send to-do reminders immediately, so that I never forget or put off follow-up. I also attend several conferences each year and this app helps me make the most from my time and investment. Plus, if/when I need immediate expert coaching, I can get that on this app.Q – What do you think of the Rainmaker Coach™ app?
A – So far, I think it’s great and I am not the only one. There are several other, positive reviews on the iTunes® App store and also on the Rainmaker Coach™ app webpage.  I like the ongoing improvement plans for this App, including adding several other features and upgrades to the iTunes® version and for launching a Droid® version.Q – Who should purchase the Rainmaker Coach™ app?
A – I recommend the Rainmaker Coach™ app for any lawyer in any size firm who wants to develop business! This app will help many lawyers with their marketing and career needs: developing new clients; getting more business from existing clients; getting better results from their current client development efforts; building the business development skills to make partner at their firm; wanting to improve their client development skills; and winning more pitches and RFPs, just to name a few. Also, law firm staff members who support lawyers’ client and business development efforts and activities would benefit from buying the Rainmaker Coach™ app because it will help them provide expert business development tips and assistance to the lawyers with whom they work.To get more information, to download the Rainmaker Coach app and/or to view the "how to use" videos, please visit this link. If your firm is thinking about creating an app, our development team can help; please email Julie@BusDevInc.com. You may also want to read this article (which appeared in the March 2013 edition of the ABA Journal).




Thursday, February 14, 2013

Innovation - No Longer Optional for the Legal Profession

There is now an innovation imperative in the legal industry. More law firms and in-house counsel departments are undertaking radical legal service-related innovations, but the majority of lawyers and law firms still innovate incrementally, reactively and/or piecemeal.

To be successful, innovations include an appropriate mix of technology, processes and/or people and are implemented at various levels – whether by client, project, practice area, department and or firm or company-wide. Examples of successful, collaborative law firm/client and in-house legal department innovations are on the rise and include a myriad of objectives including: adding real value, controlling costs, predictability, on-line tools, process and deliverable improvements, procurement’s role in purchasing outside legal services, revenue-generating legal departments, sole-sourcing and unbundling litigation just to name a few.

Law firm and lawyer created blogs and apps are also on the rise. Approximately 70% of AmLaw200 firms have blogs, yet the majority are not successful. Legal industry apps are no longer just for research and document creation/management. Innovative law firms have created and launched a range of successful blogs and apps.

Finally, to support the evolving law firm business model in this increasingly competitive market, law firms are adapting their formal, in-house marketing/business development departments/functions/roles. Approximately 20 years ago, a handful of law firms innovated by trying to adopt the accounting firm "sales" model within their law firms. Some law firms asked senior Partners to reduce their billable hours and concentrate on rainmaking. Other law firms hired sales people from outside professions to "sell" for the firm. The majority of these efforts dissipated for various reasons, but in recent years there has been a resurgence.

To get up to speed on the range of innovations underway within the legal industry (some of which are described above), consider attending the Legal Services Innovations Forum™ - Value in Client Service, Delivery & Development to be held Friday, May 10, 2013 at the NYC office of Orrick. For more information, click here or email Forum@BusDevInc.com.

Monday, January 14, 2013

EXCERPTS FROM: How to Maximize Your Law Firm’s Investment in Business Development Training & Coaching Programs©

By: Julie Savarino, Lawyer and Managing Director, Business Development Inc.

At the December 2012 NALP/PDI Conference in Washington D.C., Emily Leeson, Director of Attorney Development at Alston & Bird and Julie Savarino, Managing Director of Business Development Inc., presented a popular session on the topic of "Maximizing Your Firm's Investment in Business Development Training & Coaching Programs." The use of instant audience voting technology during the program produced some interesting results as described below. The session attracted approximately 75 directors of professional development, including those in equivalent and related positions. Based on the instant audience responses, approximately 80% of the attendees work for large to mega-sized law firms:


While approximately 42% of the attendees said their firms offer both business development training and coaching programs, approximately 39% responded that their firm only offers business development training (without coaching) and approximately 14% of respondents said their firms offer neither business development training nor coaching programs:


When asked, "How do you know whether your firm's business development training program was successful?", approximately 47% − by far the largest response − cited input "from formal participant evaluations":


Importantly, no respondents selected "tracked and measured actual $$ results," even though when asked what the most significant factors are when selecting and hiring a trainer/coach, the majority selected "results/track record." Given that very few attendees said their firms were actually tracking and measuring $$ results from any/all new business generated through business development training and coaching programs, the presenters discussed various ways that such results can be tracked, measured and reported. One way to get more buy-in, support and resources for business development training and coaching programs is to create a tracking/measuring process up front – before even offering the programs themselves − so that the actual revenues, value and return on investment generated by such programs can be tangibly reported back to firm leadership/owners.

Saturday, November 3, 2012

Veterans Day in America, November 11, 2012 - U.S. Law Firms and Lawyers Play Key Roles in Supporting the U.S. Military and Veterans*

EXCERPT – from the article published in the November 2012 issue of Strategies, The Journal of Legal Marketing.

This article highlights just some of the numerous law firms and lawyers throughout the United States who represent, support and/or help the people who help create, protect and defend freedoms - for Americans, their allies, friends and citizens of other nations worldwide.

Without the commitment, effort, work, sacrifice, service and dedication of millions of veterans, active members of the military, their families and supporters − our Republic and democracy as we know it and our cherished freedoms would not exist as they do today. As one member of The Patriot Guard (a group of veterans and other volunteers who honor fallen military heroes nationwide) perfectly summarizes: "America is the land of the free, because of the brave."

For lawyers whose practice already includes representing members of the military and/or veterans or for those lawyers/law firms interested in doing so, the American Bar Association (ABA) website offers over 7,000 resources which can be accessed by visiting the site and typing "Veterans" in the search bar. Many state bars have also developed either heroes' and/or heroes' and veterans' assistance programs, for example the state bars of Oklahoma, Georgia, Texas and North Carolina.

Pro bono representation opportunities to help veterans and their families abound. For example, the case of Snyder v. Phelps, which was heard by the Supreme Court of the United States (SCOTUS) in 2009, was undertaken completely pro bono by the Pennsylvania law firm of Barley Snyder. The case originated in 2005, when Albert Snyder, the father of deceased Lance Cpl. Matthew Snyder, approached the firm asking if they would help him sue Fred Phelps, his family and their "church" for their vile, vicious and cruel protest of his son's military funeral. "Once this case was accepted by SCOTUS, I and many other veterans were quick to fully support Al Snyder and his lawyers in their efforts to protect the sanctity of military funerals," says Larry L. Twitchell, Major General, USAF (ret.). In 2010, while SCOTUS found against Al Snyder on First Amendment grounds, he was ultimately victorious because on August 6, 2012, POTUS signed a new law containing a provision prohibiting all military funeral protests nationwide two hours before and two hours after any such service.

In another case, Steptoe & Johnson partner Stephen Fennell, Chair of the firm’s Litigation Group, serves as lead counsel for his firm which since 2002 has represented Gulf War POWs in a contentious, high-profile lawsuit against Iraq for damages arising out of the torture of the POWs while they were in captivity. In 2003, in the U.S. District Court, District of Columbia, Judge Richard Roberts ruled that the Iraqi defendants were liable for almost $1 billion U.S. dollars in damages, stating in his ruling, "No one would subject himself for any price to the terror, torment, and pain experienced by these American POWs," and "there must be a premium on protecting POWs [because] POWs are uniquely disadvantaged and deterring torture should be of the highest priority." This ruling in favor of the POWs and their families was unfortunately challenged at length by the Department of Justice (DOJ) and other government agencies and officials. Finally, in mid-2011, after extensive negotiations between the U.S. and Iraq, and meetings with and between POWs’ counsel and members of Congress, a settlement agreement was reached for Saddam Hussein-era claims against POWs. Stephen Fennell, lead counsel for the POWs in this case states: "This settlement allows the POWs families finally to achieve closure and sends a message of deterrence against the torture of future American POWs."

Every lawyer, law firm, law firm and legal industry employee can help support U.S. troops and veterans if they so desire. There are many great ways to do so, and many pro bono efforts/charities/groups exist. Excellent and bona fide pro bono and/or volunteer programs that support veterans can be found by contacting: The American Legion the VFW; the ABA and/or state bars. To volunteer and/or donate in the most productive manner, be sure to first verify the group/organization (because not all veterans’ charities/organizations use/apply their donations legitimately). Websites to visit to verify charities’ track records include: the American Institute of Philanthropy, Charity Navigator and/or GuideStar.

*This article is not intended to be 100% complete or exhaustive. It contains representative information known to the author at the time of publication and as space allowed.

Wednesday, May 30, 2012

Highlights from: "2012 Survey Results - Law Firm Business Development Best Practices & Benchmarks©" - analysis and commentary below written by Julie Savarino

The results of the survey are interesting, in that:

1. THERE IS A DISCONNECT BETWEEN LAW FIRM'S RESOURCE ALLOCATION & WHAT ACTUALLY WORKS TO GET NEW BUSINESS - This survey finds that most law firms' Marketing/Business Development Departments continue to provide predominantly marketing communications (marcom) support, which is not what this survey finds generates the most business for law firms. This survey finds that most law firms that responded continue to direct the majority of their staff's time and monetary support towards group events (seminars, conferences, speaking engagements, etc.), while the survey also shows that by far the #1 most effective tool for getting business in the door is in-person/direct meetings. Therefore, responding law firms are likely not supporting the in-person/direct meeting or "sales" process as well as they could be.

2. LACK OF TIME IS A HUGE IMPEDIMENT TO SUCCESSFUL BUSINESS DEVELOPMENT - In response to the question asking "what are the top 3 hurdles/impediments that your internal marcom/busdev team faces regarding successful business development" - the response of "lack of available staff time" was voted top in 1 and 2, so one can assume that lack of available staff time is a very large impediment. The other answers that received the most responses for that questions include: lack of adequate staff to handle workload and lack of strategic focus. In addition according to the result of this survey, the #1 hurdle lawyers seem to face is also lack of time due to billable hour demands.

3. THE 'SALES' OR CLIENT DEVELOPMENT PROCESS TAKES TIME & STRATEGIC FOCUS - It is well known that the vast majority of business comes in the door for law firms as a result of follow-up communications after group events and individual meetings and both lawyers and law firm staff struggle with having enough time to do this. Therefore, appropriate and adequate follow-up may be happening for the firm's top client/client teams, but there is likely little or no organized "sales"/client development strategy or program to identify and follow-up for other, potential new business. In most law firms, individual lawyers continue to pursue their own relationship and/or "leads", in their own way, with little or no coordination, and little proactive and organized follow-up.

There are "sales"/client development programs and processes for law firms that are proven and effective at generating new business (not all are created equally). Some "sales" or client development support functions can be outsourced to qualified, experienced and competent providers. Internally, within law firms it is best to regularly and formally review the firm's entire marcom/busdev function to insure it is contributing to bottom-line growth to the extent possible.

If you have any questions or would like additional information, please contact Julie Savarino at Julie@BusDevInc.com or (734) 668-7008.

Tuesday, April 17, 2012

Question - Our firm has used individual and practice group plans for years now, but we are currently reviewing the format. Any suggestions?

Julie Savarino's Response - In my professional experience and opinion, the most important thing to consider is not the plan format, but the key strategic objectives of the firm and to create and use a format that can be tracked, updated, and reported upon over time. Also, one which firm leaders will substantively support and use.

Too many plans get drafted by lawyers because they are "required" but then are rarely reviewed or supported and most importantly have little to no tangible tie to on-going performance and compensation/bonus. Also, once drafted most plans simply "sit on a shelf". Too few are ever sorted and used to follow-up by practice or industry group (and lack of follow-up/implementation is the #1 greatest downfall for most lawyers' busdev intentions/efforts). The worst part about most plan formats is that the majority continue to ask/suggest that every lawyer should/needs to do/perform all sorts of non-billable tasks across all categories (which dilutes focus and causes mile wide inch deep efforts which are often ineffective).

The key components of any lawyer's business plan should include billable hour targets for all, but after that each lawyer's non-billable hour investment/contribution should ideally be tailored to their strengths, towards where they contribute most and key firm objectives. Non billable contributions can take many forms - from proven rainmakers continuing to do what they do best, to lawyers who help administer/run a practice, to those who create document banks and/or matter tracking methods, to those who help with lateral identification and acquisition, to those who oversee key administrative functions, to leaders/Board members, etc. The myriad of possible non-billable contributions/investments in any individual plan format should - ideally - be offered as a menu, while encouraging each to focus on the 1-3 non-billable areas where the lawyer believes/wants to contribute to the success of the firm beyond simply billing hours.

Taking on, leading and supporting an effective planning process that can be tracked, updated and reported upon is a great method for mar com/bus dev staff to help measurably drive firm revenue and growth. I think that taking the time to tailor a simple format and approach that will work for your firm is a very worthy endeavor.