Practicing law is a very noble profession. Law paves the way for the rule of law, gives a voice to the voiceless, provides remedies for wrongs, and upholds the ideals that make nations great. Most people understand these things. Unfortunately, most people have negative perceptions of attorneys. Research shows that over two-thirds of the people agree with the statement, “Lawyers are more interested in making money than in serving their clients”. Many consumers believe attorneys are dishonest and corrupt. Remember, a person’s perception becomes their reality even when the perception is off the mark. Even if you may be completely honest and genuinely care about serving your clients, do new prospective clients know this?
“Your process continues to help me stay on task to improve the way I do business, remove clutter from
my work day and get more accomplished. It also helps me not lose focus on what matters most to me which is
my family, but to also figure out how to make time to do the things I want to do with my family. Lastly, the
last session I went through focused on Marketing. I found that session particularly helpful to create a firm
marketing plan to help myself and my partners develop new business and keep the clients we have.”
—Anne B., Attorney
In addition to the issues that most other professionals and leaders face, law firms can also face some other specific challenges. Our experience shows that the below areas can prevent some attorneys and their firms from reaching their true potential and maximizing their overall satisfaction. Being completely honest, are any of the following ever a challenge or issue for you or your firm?
Research shows that one-third of the largest companies fire and drop their outside law firm every year! One of the top drivers for leaving the firm is “Service”. There is huge opportunity in the Customer Service area. The key is to keep it simple and have a culture of unparalleled customer service both internally and externally. A strong firm not only excels in servicing their clients but also in respecting the internal firm members by providing superb internal customer service. Just this one area alone can transform your firm creating significantly higher retention and growth. Even if you or your firm does not have high attrition levels, any attrition hurts.
Most savvy professionals realize that relationships are key to firm growth. When it comes to clients, 68% leave a business due to “perceived indifference”. In other words, they don’t believe their service provider cares about their business or them. This can easily be addressed using the right kind of client appreciation marketing strategies. And this is another cultural shift that impacts the entire firm dynamics and keeps your best staff around. People simply love to work at firms that do much more than just pay them a salary. We have strategies that can reignite excitement for every member of your team. When they wake up in the morning and are exited to go to work, you’re on the right track. No amount of compensation will ever create lasting, long-term commitments from staff members.
The quickest way to add to your bottom line is to plug the holes in your leaking bucket and lower your attrition rate. Even a 1% reduction boosts your profits. Do you know your annual attrition rate? Do you know what it’s costing you in bottom line profitability? Do you have business systems and processes in place that are increasing retention and accelerating new client growth? Do you have systems in place to generate more revenue from your existing client base?
“When I first heard about your coaching program, I was highly skeptical about the benefits it could
provide my law firm. I am happy to report that the program has easily satisfied this cost/benefit analysis
due to the positive changes I have made in my business resulting from thinking like an owner, as opposed to
an employee. This change in mindset alone has already saved me a significant amount of time each day in my
business. I have made tremendous strides in running my business as an owner rather than as an employee. Most
importantly, your program has brought into focus for me just what is truly important to me: my faith and
family. I would encourage any business owner to consider your program. It is certainly worth the investment
of time and money.”
—Eric L., Attorney
Attorneys often mistake a lack of complaining from clients as a sign of satisfaction. This can be an incorrect conclusion. Research shows that most clients won’t express their feelings of dissatisfaction with their attorney. Instead they just leave. More startling is that for every client who does give you an earful, research indicates there are 26 others you won’t be hearing from. And worse, on average each of those 26 will tell 10 of their friends and associates in extreme detail about their unpleasant experience with their attorney and the firm. That’s 260 people hearing how bad the attorney and firm are. And who knows how many of these 260 will pass along the information. This is all objective reality. And top performers deal in reality not in delusion like most of the population.
Based on feedback from a variety of law firms, below are some of the frequent client concerns and complaints. There are several strategies we can provide you to effectively address these concerns and thereby reduce client loss, build long-term client loyalty, and increase new client referrals.
“I have been an attorney for more than 25 years and have previously owned several other companies. I
have been working with Mark Eldridge and his program for a full year. The program is very successful. It is
my personal and professional belief that any business owner or senior manager who attends the sessions,
interacts with the other business owners at those sessions, and follows through with his or her action plan,
will not only increase significantly the value of their company but their personal satisfaction with that
company as well. I highly recommend this program.”
—Frank H., Attorney
To thrive against your competitors, individual practicing attorneys and firms must be different. For example, what’s your Unique Selling Proposition? Why should quality staff want to work at your firm instead of someone else? What is it about your culture that makes them want to work and stay at your firm for the long term? Why should your prospective clients choose you over your competitors? Are you really any different? Do you have marketing systems and strategies in place that make your clients want to tell all their friends and contacts about you and your firm?
We live in a time of fast paced, hectic lives and business. To maximize growth and potential, law firms can not fall into the trap of complacency. Consumers have many choices and law competitiveness between law firms is one of the fiercest of any industry. You must be different than the others. Personal development of attorneys (and their firms) has never been more important. Recognizing the immense value we can provide to the legal profession is the reason we’ve chosen to specialize in attorney and law firm training and coaching. These legal issues on this page are just the tip of the iceberg. We can provide you the training and coaching that will address these and most other challenges you’re facing either personally or in your firm.
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