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2007 Leigh Dance. The reproduction, modification, or distribution by whatever means of the whole or any part of this presentation (including, without limitation, all images, logos, graphs, charts and quotes) is strictly forbidden without specific written permission from the author.
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2007 Leigh Dance The reproduction, modification, or distribution by whatever means of the whole or any part of this presentation (including, without limitation, all images, logos, graphs, charts and quotes) is strictly forbidden without specific written permission from the author. (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Cutting Edge Marketing Strategies of US FirmsWhat’s Hot & What’s Not Leigh Dance ELD Project Marketing Int’l, Inc. PSMG London - 10 Nov. 1999 (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding Sales Training Sales Coaching Client Competitions Proposal Prep Collateral Electronic media Targeting Database marketing Advertising Today’s Talk (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Elements of Success Today: • More creative and aggressive marketing • Client feedback and client research • More direct/intimate messages and delivery methods • Measurement of results • 2-step focus: marketing then sales • Find something unique. Clue: it has nothing to do with how smart the professionals are (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: • Everyone talks, few do it well • Need help from experts • Start by branding the firm • Taglines - help identify what you stand for • Examples: Womble Carlyle; Fenwick & West; Goodman & Carr ; Crosslin, Slaten & O’Connor (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: WOMBLE CARLYLE: • A bulldog named Winston - huge hit • Winston playing Twister, eating ice cream • www.wcsr.com - Winston wanders around barking • Brochure: “Come. Stay.” Photos of lawyers with their friends-- their real dogs. Puns abound • Lawyers look like real people, fun. All communications draw attention. (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: FENWICK & WEST: • Carefully targeted advertising & industry sponsorships as well as internet marketing: firm gained rep as nation’s leading Internet firm • 240 lawyers, 59 partners - #171 among firms, #132 in revenues, #32 in profits per partner • “Bring more value because we get in in a very deep way” -- you can hardly tell lawyers apart from clients -- Clients pay a premium to use them (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: FENWICK & WEST: • Only law firm ever in Fortune as “100 Best Places to Work” • Print advertising has generated cold calls: “Will you take me public?” • Regular media stories about their wins for clients: Smart Money story - Autoweb (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: GOODMAN & CARR: • Sassy, for US audience - HARD WORKING LAW You got a problem with that? • Launched brand at ABA meeting in Toronto • Limos to meetings, hats and give-aways • Award-winning advertising that shows results • Research showed same campaign did NOT fly in Canada (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Today’s Buzzword: Crosslin, Slaten & O’Connor: • Unique niche representing pest control industry • Bug Law: “We are the Bug Lawyers” brochure • Ads: “Some lawyers don’t know their ants from a hole in the ground.” - fantastic client response • www.buglaw.com - termite crawling around opening screen • lawyers write industry articles, give speeches, seek positions in state and nat’l pest control industry (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Branding - Terrible Taglines: • A Business Law Firm • We represent people and companies • A global law firm for the 21st century • New York’s Business Law Firm Good examples: Fish & Neave: Leaders in the Law of Ideas Shaw Pittman: Where Law, Business and Technology converge (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Sales Training, Sales Coaching • Not just once in a career, once a year • Consultative selling skills, listening skills, non-verbal and verbal communications • Ongoing sales coaching • Sales training often outsourced • Paul Hastings - Flannery-fueled training combined with targeted presentation efforts (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Client Competitions • Client loyalty interviews - in person or by phone • Double or triple success rate with training and technology-driven proposal centers designed to respond quickly and effectively • Rehearse, rehearse, rehearse • Ann Lee Gibson: 97% record for getting firms on short list - up to $40,000 for largest, toughest proposal responses • Follow-up post proposal (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Collateral Materials • Less fancy brochures, more targeted industry communications and programs • Less newsletters, particularly broad topic ones • “Our firm is very old. We’re as good as the big firms only more cost effective… Our firm represents everyone, from individuals to Fortune 500 companies, in virtually every practice area (long list)… We do all of them really, really well.” • Recent informal survey showed that over 80% of lawyers in a firm hadn’t read their own brochure. (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Collateral Materials • Pillsbury Madison Sutro - map of the technology corridor in Northern Va. - clever, memorable, serves a function ‘Tower Club is handing it out to tekkie co. clientele’ • Haynes & Boone - huge poster to roll out branding campaign. “Are You Changing?” on back is firms 10Q report. Fresh and original ‘can’t throw it away, it’s too cool’ (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Electronic Media • Websites: glossy brochures of the 90’s, now recognized as secondary reference vehicle, recruiting • Possible trend to put less on web - proprietary info to competitors (attorney bios to headhunters, etc.) • Extranets: front end to service integration vehicles • Client listservs: particularly for industry groups • Brobeck & Latham: through Intranet, decentralize marketing materials and firm resources (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Targeting/Database Marketing • Industry-focus, trade group alliances, effective sponsorships and joint programs • Better manage, measure and track marketing dollars • key client efforts: focus on top clients, most productive for tailored initiatives • relational marketing databases are widespread, most have web access (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
What’s Hot • Positioning, Logos, Branding initiatives • Technology applications that change service delivery and add client value • Client satisfaction surveys - not written • Paranoia about how the world is changing and reordering, including MDPs and Big 5 • E-mail (pushed) client alerts • Display advertising-- airports and train stations • Client research before presentations (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
What’s Hot • Better AV at seminars and presentations • Alumni programs • Shorter, more frequent client communications • More collaboration with other service organizations • Highly targeted, substantive briefings or seminars • Marketing leading clients and prospects back to websites “Technology rules. Lawyers need to demonstrate comfort and conversancy with it, and need to market using it.” (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
What’s Not So Hot • Glossy brochures • Purposeless global firm newsletters - puff • Seminars “My dad’s got a barn, my mother makes costumes” • Law firm infomercials • Less advertising in charity programs-- higher expectation of pay-off • “Quick-copy-shop” approach to marketing function (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Advertising • Far more widely used in US than in UK • Focus on reach and frequency • Research shows very effective if message communicates and ad is targeted properly • Often used to communicate Brand • … communicate region • … communicate core practice capability • Examples (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Best Consultants - Marketing Ross Fishman - Chicago Ann Lee Gibson - Southwest Deborah McMurray - Texas Norm Rubenstein - Washington, DC *** Greenfield Belser, Washington, DC Levick Strategic Communications (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430
Cutting Edge Marketing Strategies of US FirmsQUESTIONS? Leigh Dance, ELD International 391 Cobb Road, New York 11976 USA tel: 001.515.726.5430, fax: 726.5223 email: eldmarket@aol.com (c)1999, ELD Project Marketing Int'l, Inc. - Leigh Dance - eldmarket@aol.com/001.516.726.5430