Farming for law firms: getting a higher yield from your client relationships

September 28, 2011 by
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To be productive, a farm needs acres and acres of land. Rich top soil,  seeds planted a few inches under the surface, within reach of the sun’s rays, regular water, and the loving care of the farmer. The farmer knows that each seed can yield only so much, so he plants lots of them. More seeds, bigger harvest.

A farm is “an inch deep and a mile wide.” Unfortunately, so are many law firms. They plant a lot of seeds, going wide instead of deep, collecting fees and moving from new client to new client. But while a seed planted in the Earth can only yield so much, clients can yield far more than the fees they initially pay.

Each client can also:

  • Hire you again
  • Hire you for other services
  • Provide referrals
  • Introduce you to prospects, referral sources
  • Promote you via social media
  • Send traffic to your web site
  • Recommend your newsletter, ezine, blog
  • Distribute information by and about you
  • Invite their colleagues to your seminars
  • Provide information to you about their industry and/or key people
  • Give you testimonials and endorsements
  • Provide feedback about your marketing

The big money in a law practice is not the initial harvest, the fees earned on front end. The big money is earned on the back end. You may earn $10,000 from a client today, but $100,000 over their lifetime.

To bring in his big crop, the farmer must nurture his seedlings. So must you nurture your clients. Communicate with them. Appreciate them. Acknowledge them. Give to them. Build strong relationships with your clients and they will bear much fruit and continue to blossom for many seasons.

A farm is an inch deep and a mile wide; a law firm should be an inch wide and a mile deep.

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Filed Under: Client relations, Increase your income, Leverage, Marketing legal services, Relationship marketing Tagged With: , , , , , , , , , , , , , , , , , , ,

Five ways lawyers can leverage a win or other successful outcome to get more clients

September 27, 2011 by
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Most lawyers go from case to case, client to client, never stopping to use the successful outcomes they create as marketing leverage for bringing in more clients. That’s because they’re thinking like a lawyer, not a rainmaker.

Instead of rushing from one case to the next, take a few minutes to think about how you can use the successful outcome (verdict, settlement, closing the deal, estate plan, etc.) to get the story told to the people who can bring you more business.

Here are five ways you could do that.

  1. Your client. The best time to talk to clients about referrals is right after a successful outcome. When you hand them a check, sign papers, or otherwise bring things to a climax, it’s prime time to ask for referrals, for a testimonial, or for other help.

    Ask consumer clients to refer you to their friends and family or to other professionals they know. Ask your business clients to introduce you to their vendors or distributors, to write about the case in their newsletter or blog, or submit an article to their local paper. (You can write the article for them).

    The favor you ask your client doesn’t have to be related to their case. They’re happy and willing to help, so ask them to distribute your new report, “like” your new blog post, or invite their friends to your upcoming seminar. And ask them to ask their friends to do the same.

  2. Your other clients and prospects. Write about your successful outcome in your blog and newsletter. Post it on your web site. Do a little bragging on social media channels. Take advantage of the win to let others see you doing what you do, helping others “just like them” achieve the same benefits they seek.
  3. Other parties/witnesses. Send a quick note to the other parties and/or their counsel, thanking them for their professionalism. Send a thank you note to experts and other witnesses, for a job well done. It’s not uncommon to see the losing side hiring the winning attorney or sending referrals or opposing counsel referring clients when they have a conflict. By the way, do the same thing when you lose a case or settle for less than hoped.
  4. Your colleagues. Tell other lawyers you know about your case. Send a letter, speak about it at Bar functions, write an article, point them to your blog post. Tell the story and share the legal nuances, give them tips about the judge or arbitrator or experts. Help them do better on their next case and they will appreciate you, reciprocate with good information on their next case, and send business your way when they have a conflict.
  5. The media. Find something newsworthy or otherwise interesting about the case, your clients or their company and issue a press release or write an article for publication in their trade journal or home town paper. The media are starved for good stories; don’t assume there’s no news value to preparing a living trust for your blue collar client. In the hands of a good writer, there’s always a story to be told.

Leverage means getting more results from the same effort. From now on, leverage your successful outcomes to get more publicity, more speaking engagements, more traffic to your web site, and more new clients.

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Filed Under: Increase your income, Leverage, Marketing legal services, Newsletters, Press release, Public Speaking, Publicity, Referrals, Relationship marketing Tagged With: , , , , , , , , , , , , , , , , , , ,

[Book Review] Evernote: The Unofficial Guide To Capturing Everything And Getting Things Done

September 23, 2011 by
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If you’re a proponent of David Allen’s Getting Things Done (GTD) productivity system like I am, you’ve probably tried numerous ways to incorporate it into your work flow, from paper and file folders to web and mobile apps, and everything in between. Many of these are complicated, with lots of bells and whistles and a steep learning curve. Others, like plain paper or a Moleskine notebook are simple but for many of us, too limited.

Enter Evernote.

I’d been using Evernote for a long time, first for collecting information and ideas, eventually, for all of my documents. One day, I decided to see if I could also use it to manage my tasks and projects. Although Evernote isn’t designed as a task management application and it is limited in that realm, I found a way to make it work for me, and today I use it every day for exactly that purpose.

I like having one app for almost everything I do. I like having all of my notes and documents in the same place as my tasks and projects. It’s simple, reliable, and flexible and provides me with a complete system for managing my work and my life.

I went looking for others who use Evernote for Getting Things Done, and my search led me to fellow attorney and blogger, Dan Gold. Dan is a maven in the world of technology and productivity and has tried just about every productivity app under the sun. He used Evernote like I did, for collecting information, but was unable to find the right way to use it for GTD. In his quest to achieve a “mind like water,” he finally found the right combination.

The story of his journey is told in his newly published ebook, “Evernote: The Unofficial Guide To Capturing Everything And Getting Things Done,” (aff. link) now featured in Evernote’s Trunk (store). It’s a great read and provides a much needed lesson for using an extraordinary piece of technology in conjunction with a seminal productivity system, to manage your work and your life.

I read the book and found that to a great extent, Dan’s journey paralleled my own. We both liked the power and ubiquity of Evernote but were frustrated with its limitations as a productivity tool. After trying various apps and workarounds, we eventually found the solution.

In his book, Dan credits my blog post about how I use Evernote for GTD (and another blogger’s post on that subject) with providing some of the missing pieces in his set up. I appreciate his saying so but in reality, Dan had most of the pieces already in place. Like I had, he was adding elements–other apps that integrate with Evernote and a more complex arrangement of notebooks and tags. My post and the other blogger he credits simply showed him that Evernote didn’t need anything else, it could be used “as is” for GTD.

The key is not adding elements but subtracting them. Not using more notebooks to organize everything but fewer, and using enough tags, but not too many, to manage everything.

If you are a newcomer to Evernote or GTD, Dan’s book will sell you on why you need to be using them; it won’t tell you everything you need to know about how. What it will do is show you how you can use them together to create a complete system for getting things done.

“Evernote: The Unofficial Guide To Capturing Everything And Getting Things Done,” is a quick read and available for immediate download for just $5. Dan promises free updates and since Evernote is continually being developed, this makes a great value even greater.

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Filed Under: Book review, Productivity, Technology, Time Management Tagged With: , , , , , , , , , , , , , , , , , , ,

How to stay focused when you need to get things done

September 22, 2011 by
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You’ve got work to do, deadlines to meet, things that must get done, and you know you need to focus but it’s difficult because there are so many interruptions.

How do you cope?

“6 Ways to Minimize Interruptions When You Need to Focus,” offers some ideas:

  1. Close the door while you’re working
  2. Wear headphones to prevent colleagues chatting
  3. Say, “Could you come back in ten minutes?”
  4. Let your phone go to voice-mail
  5. Turn off Skype, Email, Facebook, Twitter, etc. . .
  6. Get into the office early

In short, these tips remind us to, “avoid outside stimuli”. That’s why we went to the library to study for exams, isn’t it?

Interruptions by others are easy to fix, if you want to. But do you really want to? I think we enjoy interruptions–we like the respite they provide from the tedium of our work.

I’ve found that when I really do need to shut off outside stimuli, because of a deadline, for example, I do it. The fear of loss of the looming deadline motivates me to do what we need to do–and I do it.

The greater challenge is not with outside stimuli or interruptions by others, it is with interruptions we impose on ourselves.

When we’re working, we’re also thinking about other things we have to do. Our neurons are firing, reminding us of promises unkept, other tasks that must get done, thinking about the game tonight, and imagining what will happen if we don’t meet our deadline. It is this internal chatter that is so hard to turn off.

So, how do you focus when your brain keeps interrupting you?

One way to do that is by removing all of those tasks and reminders from your brain and putting them into a “trusted system” to be processed and done at a later time. The term “trusted system” comes from the Getting Things Done™ (GTD) system which I’ve written about before.

Another technique for increasing focus is to give yourself short segments of time during which you are committed to working on the task at hand. Twenty-five minutes, fifteen, ten, or two, whatever you can handle. No matter how busy your brain may be, it can focus for two minutes. Once those two minutes are up, you are allowed to do something else or think about something else for, say, another two minutes. And then, you return to the work you were doing in the first segment, or onto something else.

It’s called, “The Pomodoro Technique.”

The most common implementation is a twenty-five minute block of time, followed by a five minute break. A timer is set, and when the bell sounds, you take your break. Kinda like prize-fighting. After the break, you return for the next round.

The technique was originally promoted via the use of a kitchen timer resembling a tomato (“pomodoro is Italian for tomato”) , like the one depicted above. I use something a bit more high tech.

On my PC’s desktop is an icon to launch an app that takes the place of a kitchen timer. There are many apps that do the same thing. The one I use is called, “Focus Booster,“ and it’s available for free for Mac and PC.

Give it a try. Start with a twenty-five minute pomodoro. When you’re done and you’ve taken a break, go for another. If you can’t stay focused for twenty-five minutes, start with ten. Or one.

Have you tried the Pomodoro Technique? How has it worked for you? Do you have a favorite app or do you use a kitchen timer?

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Filed Under: Productivity, Time Management Tagged With: , , , , , , , , , , , , , , , , , , ,

Working smart doesn’t mean sacrificing quality or personal attention

September 21, 2011 by
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I got an email from an attorney who read my story about the changes I made in my practice that increased my cash flow. (If you’re on my newsletter list, you have or will get the email, promoting my Cash Flow for Attorneys program). One of the things I did was delegate as much of my work as possible, eventually getting to the point where I did “only those things that only I could do.”

In reply, this attorney said,

“The lesson may be that sacrificing quality and personal attention to the clients can raise your bottom line. The moral should be: what client would pick that savvy business owner over the harder working practitioner?”

I understand how one might think that delegating as much as possible and running your practice like a business would lead to a lower level of quality or personal attention. In reality, it is just the opposite.

My clients got a higher level of service and more personal attention because I wasn’t trying to do everything myself. Think about it: attorneys works long hours and are stretched so thin they often don’t have time for lunch. They have less time for clients because they’ve got too many other things to do.

When you delegate work, it frees you up to do the things that really matter. You have time to greet new clients and introduce them to the staff who will take care of the mundane work. You have time and energy to oversee the important legal work, and to perform the work that “only you can do”. And you have time for marketing, so you can bring in more good clients, allowing you to hire more staff to better serve your growing practice.

If you’re trying to do too much yourself, you must find a way to delegate as much as possible. Continue to supervise your employees, to make sure the work is getting done and the clients are getting served, but let go of the notion that just because nobody can do it better than you means nobody but you should do it.

Do the math: you’re worth at least $300 an hour and, arguably, much more. If you continue to do $25 an hour clerical work, you’re working for your practice, not the other way around.

A law practice is first, a business. That business hires you, the professional. As the owner of that practice, you earn for what you do as a professional and you earn a profit on what your business takes in from paying clients. If your business doesn’t bring in clients, you won’t have anyone for whom to practice your profession.

I was a sole practitioner for my entire legal career, and I worked hard. Damn hard. Early on, I worked long hours and was always on the brink of exhaustion. I did my best to serve my clients but my best was limited to what I was able to give them with the limited time and energy at my disposal. It wasn’t until I starting working smart and delegated as much as possible that I was able to achieve the levels of financial success and time freedom I ultimately enjoyed. And because I was “selfish” enough to make that leap, my clients got better service than they ever got when I was doing almost everything myself.

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Filed Under: Increase your income, Productivity Tagged With: , , , , , , , , , , , , , , , , , , ,

How to be rich and happy

September 20, 2011 by
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Please don’t make the mistake I made.

When I was young, I wanted to be a writer. That was my dream. I loved reading and the feel and smell of books. I haunted libraries and bookstores, imagining my own books in the windows and on the shelves.

I was a voracious reader. Non-fiction and fiction. Business, marketing, biographies, history; mysteries, thrillers, detective novels, science fiction. And books on writing.

But while I have written extensively throughout my career, early on, I somehow convinced myself that writers don’t make much money and I needed to do something more remunerative. Make money first, then I can retire and write all I want.

I now know this is folly.

To deny your passions, no matter the financial ramifications, is to deny the truth of who you really are. Working to make money so you can then do something else is simply bad advice.

But what if what you are passionate about is a one way ticket to financial mediocrity? At some point, you have to ask yourself, “What’s more important, money or happiness?” Yes, money is important and having more of it gives you more options. But having money does not guarantee happiness. Legions of unhappy wealthy people attest to that.

How about asking a different question: “What if what you are passionate about can lead to wealth and happiness?” It can, you know. In fact, I believe that following your passion is a much better road map to prosperity than working for money.

I’ve accomplished a lot in my career. I’ve done well financially.  And now, decades after my childhood passion first stirred in me, I am writing. This blog is just the tip of the iceberg.

How does it feel? It feels. . . right. I can’t describe what I feel as excitement, it’s more a feeling of serenity, of “this is who I am and where I belong”.

But I also have flashes of regret.

What if I had listened to my inner child, the one who wanted to be a writer? What if I had ignored the voice of “logic” that told me to do something else? Where might I be today?

I don’t know if I’d be rich, but I know I’d be happy.

If I’d read the story of “The Rich Fisherman,” I might be in a different place today:

There was once a businessman who was sitting by the beach in a small Brazilian village. As he sat, he saw a Brazilian fisherman rowing a small boat towards the shore having caught quite few big fish. The businessman was impressed and asked the fisherman, “How long does it take you to catch so many fish?”

The fisherman replied, “Oh, just a short while.”

“Then why don’t you stay longer at sea and catch even more?” The businessman was astonished.

“This is enough to feed my whole family,” the fisherman said.

The businessman then asked, “So, what do you do for the rest of the day?”

The fisherman replied, “Well, I usually wake up early in the morning, go out to sea and catch a few fish, then go back and play with my kids. In the afternoon, I take a nap with my wife, and evening comes, I join my buddies in the village for a drink — we play guitar, sing and dance throughout the night.”

The businessman offered a suggestion to the fisherman. “I am a PhD in business management. I could help you to become a more successful person. From now on, you should spend more time at sea and try to catch as many fish as possible. When you have saved enough money, you could buy a bigger boat and catch even more fish. Soon you will be able to afford to buy more boats, set up your own company, your own production plant for canned food and distribution network. By then, you will have moved out of this village and to Sao Paulo, where you can set up HQ to manage your other branches.”

The fisherman continued, “And after that?”

The businessman laughed heartily, “After that, you can live like a king in your own house, and when the time is right, you can go public and float your shares in the Stock Exchange, and you will be rich.”

The fisherman asked, “And after that?”

The businessman said, “After that, you can finally retire, you can move to a house by the fishing village, wake up early in the morning, catch a few fish, then return home to play with kids, have a nice afternoon nap with your wife, and when evening comes, you can join your buddies for a drink, play the guitar, and sing and dance throughout the night!”

The fisherman was puzzled, “Isn’t that what I am doing now?”

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Filed Under: Career satisfaction, Inspiration Tagged With: , , , , , , , , , , , , , , , , , , ,

Every law firm must manage only these three things

September 19, 2011 by
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John Jantsch’s post today is about the three things every business must manage: Purpose, Projects, and Process:

  • Purpose: create and tell the story about why the business does what it does.
  • Projects: create actions steps and assemble resources to fulfill the business purpose.
  • Process: implement the action steps.

These three functions obviously apply to every attorney and law firm. However, while we all need to manage purpose, projects, and process, we’re not all in the same business (practice area).

A few years ago, I wrote a post, “The Three Things That Matter Most,” about finding and focusing on the essence of what you do. The three things that matter most for you are the “twenty percent” activities that deliver eighty percent of your (desired) results. When you focus on these three things, you can eliminate (delegate) or curtail everything else, freeing you to do more of your “twenty percent” activities, getting more results.

If you want to earn more and work less, you must focus on the things that matter most. Therefore, once you know and are prepared to articulate your purpose, take the time to reflect on what matters most in your practice before you create any projects or engage in the process of fulfilling that purpose.

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Filed Under: Dealing with stress, Handling objections, Inspiration, Personal development, Thank you letters Tagged With: , , , , , , , , , , , , , , , , , , ,

If you’d like to “Crush It!”

September 18, 2011 by
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I wrote this brief review of “Crush It!” by Gary Vaynerchuck on another blog more than a year ago. My knowledge and use of social media has come a long way since then. I’ll post reviews of other books I’ve read that have more of the “how to’s” but this is the book to read if you want to know “why to”.

—

I’d heard a lot of good things about “Crush It!” and finally downloaded it (kindle for PC, in case you’re curious). I’m fairly new to the world of social media marketing so I was surprised at how much I already knew and how much I was already doing.

After reading Crush It!, I now know (a) social media marketing is not a passing fad, (b) properly implemented, it’s an incredibly powerful way to build almost any kind of business, and (c) it’s not that complicated. In other words, if you market something on the Internet, or you want to, you need to add social media marketing to your marketing mix and it’s a lot easier than you may have thought.

Now, if you’re looking for a detailed manifesto on social media marketing, this isn’t it. It’s a great story and a compelling look at the power of social media marketing and worth it for that alone. Where it really shines, however, is in driving home the importance of finding your passion, your DNA as Vaynerchuk calls it, and building your brand, and your business, around that.

Vaynerchuk makes you think about who you are and what drives you. If you’re going to “crush” anything, it’s going to have to be something you are passionate about, or you won’t do it enough, or well enough, to cut through the noise and clutter that competes for the eyes and ears of your target market. If you don’t enjoy what you’re doing, you aren’t going to make it; if you do, the journey will be as rewarding as the destination.

A friend of mine often says, “if you do what you love and you love what you do, you’ll never work another day in your life.”  No doubt Gary Vaynerchuk would agree.

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Filed Under: Book review, Social media, Social media marketing Tagged With: , , , , , , , , , , , , , , , , , , ,

Create a (free) social media web page about you with about.me

September 16, 2011 by
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A social media hub page is a virtual business card: a single web page with a brief bio (or link thereto) and links to your websites, blog, Facebook, Twitter, and other social media accounts. This allows you to provide a single link in your email signature, your (paper) business card, in an article byline, and anywhere else your name appears in print or online. A single link is clean and professional looking, one reason why virtual business cards are becoming more popular.

I’ve experimented with different options. Recently, I set up an account with about.me. My page was easy to set up and customize. I uploaded a background image (me, looking fierce) but did not include a bio. Instead, I listed my professional roles as attorney, writer, and entrepreneur.

If you click on the doo-hickey at the top of the page, it will take you to a random assortment of other about.me pages, many of which are quite creative. Great for ideas.

About.me is integrated with Klout, a new social media “rating” service that tells you how influential you are in the online world. It also tells you who you influence and who influences you. I’m not sure how useful this is but it’s interesting to watch my klout index increase.

I also set up an account with flavors.me, which allowed me to create an almost identical page. They have a paid version ($20/yr.) with added customization features. Attorney Dan Gold set up a page on flavors.me and took advantage of those upgraded features.

About.me is free; I couldn’t find a paid version. I’d like to see more options for configuring pages, like the paid version of Flavors.me seems to provide, but all in all, this is a great way to quickly set up a virtual business card. Give it (or flavors.me) a try. Send me a link to your page and I’ll feature it in a future blog post.

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Filed Under: Business cards, Online Marketing, Social media Tagged With: , , , , , , , , , , , , , , , , , , ,

You’re not thinking big enough. Or are you?

September 15, 2011 by
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We’ve all heard interviews of massively successful entrepreneurs who say they had no idea their idea or business would grow as big as it has or go in the direction it did. They simply followed their passion and, like Alice chasing the rabbit, one day found themselves in Wonderland.

There is another group of entrepreneurs (professionals, artists, athletes, etc.), undoubtedly a smaller group, who right from the start of their business or career, had big dreams and plans for their future. “I knew right from the beginning where I wanted to take this business,” they say.

Which one are you?

Are you putting one foot in front of the other and seeing where it takes you or do you know exactly where you want to go?

John Jantsch, over at Duct Tape Marketing, says that thinking small rarely leads to greatness and makes a good case for thinking bigger. It’s a well thought out article and I want to say I agree with him, but I’m not sure I do.

Jantsch argues that if you think about growing your business by 10%, you won’t do things that could lead to even bigger growth. If you think about doubling your business this year, however, you will think and act much differently, making bigger growth much more likely.

Logical, isn’t it? But is it true? How do we then explain the success of those who simply followed their muse and wound up rich?

Further, couldn’t we make the case that having big, long term plans, might actually work against you, leading you to do things that seem to be the logical next step towards your goal but that aren’t organic to the passion that drives you?

An attorney friend of mine who does a lot of motivational speaking is fond of saying, “You’re not thinking big enough.” It is exciting to think about a much bigger future. I think we get into trouble, however, when we get too specific about that future.

Donald Trump may not know where his next deal will come from but I don’t think anyone would argue he doesn’t think big enough. He knows what he wants and where he’s going but when an opportunity he never imagined comes knocking at his door, he’s smart enough to answer.

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Filed Under: Career satisfaction, Increase your income, Personal development, Wealth Tagged With: , , , , , , , , , , , , , , , , , , ,
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