The best way to market your law practice

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I read a book once about book writing. The author gave some sound advice. He said to write the book you can write, not the book you think you should write.

Some books are harder to write than others. A how-to book, especially in your area of expertise, is much easier to write than a historical romance novel, for example, especially if you’ve never written fiction.

Write the book you can write. Let others write the books they can write.

The same is true for marketing your law practice. The best way is to do what you can do, not what you think you’re supposed to do or what some expert says you must do.

If you allow yourself to do what you can an do, you may actually do it. You don’t have to learn something completely new and different or force yourself out of your comfort zone, you’re doing what you already know you can do.

You’ll do it better. And stick with it longer. And get results, which will inspire you to continue. As you grow, perhaps you’ll add something new to the mix. And then, you’ll be able to do things you previously could not do. Instead of forcing yourself to be something you’re not, or do something you can’t, you’ll grow naturally and you will enjoy the process.

Where do you begin? With something that feels right to you. Yes, feels. Don’t assume that because you have experience with something that this is where you should begin. You might have a lot of speaking experience, for example, but if you really don’t enjoy speaking, you shouldn’t do it.

Here are some common marketing tactics for attorneys. As you go through this list, imagine yourself doing them and note how you feel.

  • Networking with other lawyers
  • Networking with prospective clients
  • Writing blog posts and articles
  • Finding and engaging prospective referral sources on social media
  • Working with your clients to foster repeat business and referrals
  • Radio advertising
  • Youtube videos
  • Writing a newsletter
  • Podcasting/webcasting (e.g., interviewing other professionals, authors, etc.)
  • Creating websites to attract search engine traffic
  • Self-hosted seminars
  • Joint venture marketing
  • Pay-per click advertising

When you think about some of these tactics, you feel anxious. It’s not a good feeling. You find that your thoughts want to intrude and tell you why you shouldn’t, can’t, won’t do that.

With others, you feel lighter. More relaxed or more excited, but better. You can see yourself doing it, or at least exploring it further.

Trust those feelings. If something feels good when you think about it, it’s probably something you should do.

What if nothing feels good to you?

You can continue doing what you’re doing to bring in clients even though you don’t particularly like it, but to be honest, if there’s nothing that feels good to you, you might want to re-think the idea of being in business for yourself.

Yes, you can hire someone to do some of your marketing, or you can partner with someone, but those are really only workarounds. Marketing is an extension of you and your commitment to your clients and if you can’t find a way to express that commitment in a way that feels good to you, perhaps that commitment doesn’t really exist.

On the other hand, maybe you just need more information.

I find a lot of lawyers who say they don’t like marketing don’t really have much experience with marketing. They made up their minds early on that marketing wasn’t for them and they’ve spent years believing this to be true and acting in ways that are consistent with that belief.

If that’s you, do yourself a favor and take another look. Do some reading and try some new things. You may find that they’re not so bad and you’re not all thumbs and that there are some things you’re actually quite good at and enjoy.

The best way to market your law practice is to do what you can do and you can do more than you think.

The Attorney Marketing Formula will help you to choose the best marketing strategies and tactics for you

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What if paying referral fees to non-lawyers was legal and ethical?

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Okay, time to put on your thinking cap and take a stroll with me down imagination boulevard.

We know that paying referral fees to non-lawyers is illegal and unethical for most lawyers. Some lawyers flout the rules and pay referral fees under the table. Others, if they were honest, would admit that while they never have paid referral fees, they have been tempted to do so. At some point in our careers, I think most lawyers have at least wondered why the rules are the way they are.

Rather than debate that hot potato, I’d like to ask you to think about what it would be like if the rules were changed. How would your practice be different if it was legal and ethical to offer referral fees to non-lawyers?

For the moment, forget about whether or not you would offer referral fees yourself, think about what might happen if you did.

When you meet someone new at a networking event, for example, instead of courting them and building a relationship, hoping that one day they might send you some business, you could simply tell them what you do and what percentage of your fees you are willing to pay for a referral.

Do you think you would get more referrals?

Ya think?

Your contacts would have dollar signs dancing in their brains. They’d start promoting you to their clients and customers, friends and family. They’d beat the bushes looking for potential clients, wouldn’t they? They’d refer everyone to you, not to other lawyers who don’t offer a referral fee, or who offer significantly less.

You could quickly build an army of referral sources, people not just willing to send you business but actively looking to do so.

You’d be signing up new clients every day of the week. You’d have more business than you could handle. What will you do with all that money. . .?

Okay, snap out of it. This isn’t going to happen. Not in our lifetime, anyway. And we don’t want it to happen, do we? Okay, maybe we do, maybe we don’t, but it’s won’t, so forget about it.

Let’s sit down, catch our breath, have a cup of coffee, and consider what we’ve learned.

We’ve learned that people who have the ability to make referrals to us often don’t, and that most people who have referred business in the past could probably refer more.

Where does that leave us? Back at square one. Building relationships, practicing the golden rule, serving our clients and professional contacts. In other words, doing the things we’ve learned about marketing and building a practice.

Your clients and contacts can and will send you lots of business. They will beat the bushes for you and promote you to everyone they know, and they will do this without a financial incentive. Smother them will love and attention, give them more value than they expect, stay in touch with them, and give it time.

Offering cash would be quicker, it’s true. But doing things the old fashioned way works just fine.

The 30 Day Referral Blitz will quickly bring you more referrals without asking for referrals. Click here.

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Law school admissions are down. So what?

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The Wall Street Journal recently reported that the “Number of LSAT Test Takers is Down 45% Since 2009”. Fewer test takers, fewer law students, fewer attorneys.

Is this a good thing or a bad thing? Neither. It’s just a thing.

Sure, fewer lawyers means less competition, but don’t get too excited. It doesn’t matter how many other attorneys do what you do. What matters is if there are enough clients.

If you handle bio tech law, for example, and you are in a small town where there are no clients for your services,. the fact that you are the only attorney in town doesn’t help you. If you are in Silicon Valley, however, where there are lots of clients, it doesn’t matter that there are lots of attorneys competing for those clients. You’re in the right place.

Go where there’s lots of competition and be better.

Work harder. Deliver more value. Be different. And infuse into what you do the uniqueness that is you because in the end, it’s not just about the legal work, it’s about the relationship.

If you own a law school, declining law school admissions matter. If you are an economist or a think-tanker, measuring the ratio of lawyers to clients nationwide, declining law school admissions matter. But if you are a practicing attorney thinking about your future, it doesn’t matter how many attorneys there are or whether or not there is enough business for all of them. What matters is if there is enough business for you.

And there is. So don’t worry about the competition. But don’t get too comfy when there appears to be less of it.

Do your clients always pay you on time and in full? If not, this can help.

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The wave of the future for attorney marketing

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In the 1967 film, The Graduate, Dustin Hoffman’s character was at a party, wondering about his future career, when he was taken aside and offered some advice. “Plastics. There’s a great future in plastics,” he was told.

Plastics were the next big thing in 1967. Today? Who knows.

The thing is, when it comes to attorney marketing, there is no next big thing. It’s still all about information and people. Always was. Always will be.

Technology changes. Fundamentals don’t.

Educate your market place about the law, about problems and solutions, and about the process. Stay in touch with your clients and prospects. Treat people the way you would like to be treated. That’s all attorneys have ever had to do to build a successful practice and it still is.

Don’t get hung up on what “everyone” else is doing or feel left behind if you aren’t following the latest trend. But don’t stick your head in the sand, either. Technology does make things easier, quicker, and cheaper.

Put content on a website or blog because it makes it easier to educate your market and communicate with clients and prospects, not because someone said you must. Use social media to find and engage people because it expands your reach (and you enjoy it), not because all the cool lawyers do it.

The wave of the future for attorney marketing is information and people, same as always. Slicker and more fun with an iPad, but still the same.

Starting or expanding your website or blog? Start here.

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Illegal aliens can now practice law in California

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California Governor Jerry Brown just signed a bill allowing illegal aliens to become attorneys.

Yep.

Officers of the court no longer have to abide by the law. That oath thingy? Upholding the Constitution? Nobody really takes that seriously, do they?

Grow up, people. Laws are silly.

I am curious, though. When an illegal alien attorney reports his or her income, whose social security number are they using? Who cares, as long as it’s not mine.

Anyway, just when you thought there were already too many attorneys competing for clients, now this. What to do. . .

Take sides. Make some noise for or against this, on your blog and in the media. Tell the world what you think. Why it’s wrong (or right), what it means, what’s next. Issue a press release. Write a paper. Give interviews. You can do this even if you’re not in California.

Whatever you do, do it loudly. You’ll get support from people who think you’re saying something that needs to be said. And you’ll get attention from people who think you’re evil and should be burned at the stake.

Either way, you’ll get traffic to your website and new clients. Just like I’m sure this post will do for me.

Need ideas for blog posts? Other ways to get traffic? Make the Phone Ring has what you need. Go here.

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How much do lawyers earn?

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How much do lawyers earn? A lot, apparently. According to a recent study, law firm net profit margins were among the highest in the world of commerce, at nearly 20 percent. In contrast, the average net profit margin for private companies is around 7 percent.

But so what? Does knowing this help you in any way?

Unless you are an economist (or the mother of a lawyer) there’s no point in comparing the legal “industry” with any other. You are not the industry.

In the same way, there’s little point in comparing your profit and loss statement with that of any other lawyer. True, you may learn that you are spending too much on rent or employees or advertising, relative to your gross revenue, and maybe you could make some adjustments. But what really counts isn’t how much you spend running your practice, it’s how much you take home.

If your net margins are “only” five percent but you take home millions, who cares that you spent a fortune on advertising or payroll?

On the other hand, if your net income is one-third of revenue, much higher than the average, but your gross is only $150,000, you don’t have much to brag about.

I’m not suggesting that you pay no attention to the cost of overhead. In fact, I’m a big believer in keeping fixed costs as low as possible. But, your number one priority isn’t low overhead, it’s net profit.

How much did you take in? How much did you spend? How much was left?

Don’t forget to subtract the value of your services before you calculate your net. If it would cost $150,000 to hire an attorney to do what you do and your net income is $150,000, your net profit is zero.

A cynic would say, “you don’t own a practice, you own a job”.

Yeah, but I’ll bet you’re the best boss you’ve ever had.

Get more clients and increase your income. Get this.

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How to get more business clients

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An article in Entrepreneur, “Hiring a Lawyer: Five Mistakes to Avoid,” tells startups what to do to save money and avoid getting hurt when hiring a lawyer. If you want to get more business clients, you might want to know what kind of advice they are listening to.

Here are the “five mistakes,” followed by my thoughts on how you can use this information:

1. Hiring a lawyer too soon.

Summary: Some startups hire a lawyer before they know what they want and need. See if there is a pro bono legal clinic at a law school where you can learn about the issues and process. Consider “hiring” them to do some basic work.

DW: What can you do? How about offering free information that does the same thing? Educate your target market about the issues, process, risks, and options. How about holding your own “clinic” where startups and young companies can come and learn (and network) and maybe even get some basic work done free?

You might get endorsed by a business school or community organization, perhaps the chamber of commerce, and get some publicity for your good work in helping the community.

2. Hiring the wrong lawyer.

Summary: Avoid hiring someone who does not specialize in what you need. Get referrals and interview several attorneys before you choose.

DW: Clients prefer specialists (and articles recommend them). Specialists earn more, too. So if you don’t specialize, maybe you should. If you do specialize, start promoting the fact that you do and educate your market about why this is important to them.

3. Hiring a big firm when you don’t need to.

Summary: You will pay more and you may not need to. Many smaller firms have great lawyers, some of whom came from big firms.

DW: Educate your market about the advantages of hiring a smaller firm. Not just lower fees. Smaller firms usually give more personalized attention. Make sure clients know why this is a benefit to them.

4. Not haggling on fees.

Summary: Negotiate fees. Offer equity in partial payment.

DW: Never negotiate fees. You can be flexible about retainers, payment options, and offer alternatives to hourly billing, but never negotiate (reduce) your fees. If you do offer alternative fees, promote the heck out of it. Clients like them.

Take equity if you want to. You could hit a winner. But since most startups fail, don’t go “all in”.

5. Seeing a lawyer as just a lawyer.

Summary: If offering equity, you’re taking on a business partner. Make sure your lawyers have expertise in your field and can do other things for you, e.g., lead you to investors.

DW: Every business lawyer has a stake in it’s client’s business, even if they don’t own any stock. As the client grows, they have more legal work. There are more opportunities for referrals from partner companies, vendors and suppliers. You can grow with them, so help them grow.

Use your contacts and knowledge to help your clients get investors, better financing, new customers, and better suppliers. Look for opportunities for them. Make introductions. Send articles about their industry, marketing, and management. And make sure your prospective clients know that you provide this kind of help.

If you don’t have these connections and knowledge, start developing them. Because the world doesn’t need more lawyers who merely deliver competent legal work. It doesn’t need more lawyers who merely “protect and advise”. It needs more lawyers who can help their clients prosper.

Marketing is not difficult, when you know The Formula.

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Waterboarding our cat

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We took Seamus to the vet to get his teeth cleaned. They found a problem and had to pull a tooth. The vet sent him home with instructions for his care, which included eating only soft foods for ten days.

As you probably know, cats are fussy about everything. And stubborn. Seamus doesn’t like soft foods. He wanted his regular food and when it wasn’t forthcoming, no matter what we offered him, he wouldn’t eat more than a few morsels.

He wasn’t drinking water, either.

We were concerned. The vet said that if he didn’t get water, his kidneys could shut down. She said we should probably bring in him to be hydrated via IV.

My wife went online and found an alternative. Some cat owners in this situation used a big syringe to force feed their cat during their recovery period. And so for the next several days, that’s what we did. I held him tightly and my wife fed him baby food and water. He didn’t like it. Not one bit. It was torture, but it kept him alive.

But he was still unhappy and listless. He wanted his regular food, in all its crunchy glory. But it wasn’t ten days post surgery and we didn’t want him to bust his stitches.

Do we wait three more days and watch him suffer?

My wife went online again and found another vet’s website that discussed the issue. He said that one week on soft food was enough and the animal should be sufficiently healed by then.

We crossed our fingers and gave Seamus a bowl of his regular food. He devoured it. He looked at us like he wanted to say, “oh hell yes,” and when he was done, he drank water.

And today, he’s fine.

Anyway, here’s the thing.

When you give your clients advice, are you telling them what’s best for them or what’s best for you? If you tell them ten days when seven days is probably okay, are you doing that to cover your tush in case something goes wrong?

This is why two thirds of our population is on some kind of medication. Physicians don’t want to suggest anything non-traditional. If something goes wrong, one of our kind will will come at them with our six-shooters a’blazin. So they take the easy way out and prescribe the medically accepted pill of choice. It’s best for them, even though it may not be the best for the patient.

So, how about you? Where do you draw the line?

Do you tell your clients they need to have certain documents prepared to protect themselves or do you let them “take their chances”? In a contingency fee matter, do you recommend settlement because it is best for the client or because you don’t want to risk losing your fee?

I admit, it’s often a tough call. But that’s the gig. That’s what we get paid to do.

I do wish for one thing, though. When a stubborn client doesn’t want to follow our advice even though it is truly what’s best for them, we should be allowed to waterboard them.

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Building a high volume law practice

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When I started practicing, my goal was to build a high volume law practice. Lots and lots of smaller cases and clients.

Why?

Because there are more of them. I figured I had more chances to get small cases simply because there were more of them.

And because when I was getting started, I wasn’t good enough to handle the big ones.

But even when I was good enough, I still focused on small cases. My thinking was that a high volume of small to medium size cases would scale. As I brought in more business, I could hire more employees and get a bigger office. Or, as I later did, I could open a second office. And, if things didn’t work out, I could just as easily scale down.

Small cases meant smaller risk. Big cases require a big investment of time and resources and with only a handful of those cases, I could suffer some big losses if one or two went south.

The other reason is that a high volume law practice would make marketing easier. More clients meant more opportunities to get referrals from those clients. 500 clients meant 500 fishing lines in the water.

And I was right. I got lots of referrals. And life was good.

I always thought my exit strategy would be getting one or two monster cases that would allow me to cash out and be “done”. In law school, we heard that’s what our torts professor had done and it sounded good to me. But it never happened. I got some decent sized cases, but no monsters.

Many attorneys turn away small cases. They want bigger cases, with a bigger potential payoff, and there’s nothing wrong with that.

They probably don’t get as many referrals as I did, but the referrals they do get are bigger. If they’re really good, they get referrals from other attorneys who don’t handle big cases.

Some attorneys do it all. Small cases, medium cases, big cases. Bring it! The small cases allow the firm to finance the bigger cases. That works, too.

There’s no right or wrong way. You have to find your way.

If you aren’t (yet) a great attorney, be a prolific attorney. If you are a great attorney, you’ve got options.

If you want to get more clients and increase your income, learn The Formula.

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Do attorneys charge too much?

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A lot of people think attorneys charge too much. But you can’t charge too much. It’s not possible. If someone is willing to pay what you ask, then, by definition, it’s not too much.

Unless, somehow, an attorney has some kind of monopoly–government hook up, union contract, that sort of thing, or someone else is paying the bill–in a free market, the market determines price.

Willing buyer, willing seller, and all that.

Actually, many attorneys fees are too low. They don’t charge what they could. Why? Several reasons:

  • They try to match their rates to what other lawyers are charging, so they can “stay competitive,” and everyone gets locked into thinking that what everyone is charging is the “right price”.
  • They believe they will get more clients by offering rates somewhat lower than other attorneys.
  • They haven’t factored in the costs of overhead or inflation.
  • They start out low and are afraid that if they raise their rates they’ll lose clients.
  • They lack confidence in themselves and their abilities or think they don’t have enough experience to charge top dollar.

How do you know if you could charge more? You raise your fees and see what happens. Start with new clients. If there’s little or no resistance, roll out the increase with existing and former clients. Keep raising fees until there is “significant” resistance. I can’t tell you what that is, but you will know it when you see it.

Here’s the thing: the best clients don’t shop around for the lowest priced attorney, and you don’t want the ones who do. You should never compete on price. You’ll attract the worst clients, and besides, there will always be someone who charges less.

The best clients — the ones who return again and again and refer others — understand that you get what you pay for. In fact, if you charge less than most other attorneys, you’ll actually make them nervous. What would you think if you found out that the doctor who was about to operate on your brain charged much less than other surgeons?

You don’t want a reputation for being “low priced”. Instead, you want clients to think of you as “charging top dollar but worth every penny.” In this way, you get the better clients and maximize your revenues and profits.

Regularly survey the market and keep your fees at least in the upper one third of fees in your area. You don’t have to be the most expensive in town to get the best clients (although that may be an effective strategy for some lawyers), but you do want to be among that group.

Will you lose some clients as you raise your rates? Yes, but far fewer than you might imagine. And the revenue you lose by their loss will be more than made up for by the gains from other, higher-paying clients.

In fact, you may find that by raising your rates you actually find there is more demand for your services. More clients at higher rates? That would be okay, wouldn’t it?

The Attorney Marketing Formula: How to Earn More Than You Ever Thought Possible. Click here.

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