The Mad Clientist Archives - Page 53 of 85

4 Reasons Clients Are Shelling Out for Law Firms in 2017

The $12 Billion, 10-year trend is about to reverse.After 10 years of bringing $12 Billion worth of work in-house—top legal decision makers are applying the brakes. BTI research reveals a substantial drop in corporate counsel hiring in-house attorneys. Only 7.7% of General Counsel want to add in-house attorneys to their…

Michael RynowecerApril 12, 2017

The Mad Clientist

Change Your Client Relationships with New Matter Triage

Clients are seeing more new, complex matters than they have in the last 5 years. Learn how firms are using new matter triage to earn this new, complex work and change their client relationships.You can view the video below, or on YouTube directly here: https://youtu.be/YEb6hfGVxNU We’ll be releasing videos here on…

Michael RynowecerApril 10, 2017

The Mad Clientist

Half of CMOs on Road to Burnout

In some ways it’s a CMO’s dream—demand exceeds marketing supply. CMOs face a record level of RFPs and now carefully orchestrate between 50 and 500 directory submissions or more—all coming due at the same time. This alone can absorb major capacity—before adding in all the daily tasks of running the…

Michael RynowecerApril 5, 2017

The Mad Clientist

How Clients Define Innovation

Clients define innovation by the most advanced technology, right? This week The Mad Clientist shares insights on what kinds of innovation clients are really looking for from their law firms.You can view the video below, or on YouTube directly here: https://youtu.be/64tY27wYZN4 We’ll be releasing videos here on The Mad Clientist blog…

Michael RynowecerApril 3, 2017

The Mad Clientist

Innovation Runs Rampant in the Legal World

Innovation is rampant. Top legal decision makers recognize a whopping 40% increase in the number of innovative law firms over last year. This translates into 200 law firms—of the 650 who compete for business from Fortune 1000 and large companies—standing out in a noticeable way, up from 143 last year.Clients…

Michael RynowecerMarch 29, 2017

The Mad Clientist

A Downward Trend in Law Firms Earning Client Recommendations

The number of top legal decision makers recommending firms to their peers dropped for the 2nd year in a row. A concerning trend as clients continue to expect more. This is even more concerning when you factor in the shrinking number of law firms clients keep on their short list…

Michael RynowecerMarch 29, 2017

The Mad Clientist

Clients Keep Shrinking Their Law Firm Short Lists

Clients cut more law firms from their Short Lists for Hire than in any other of the 9 attributes impacting hiring decisions—dropping 21.5% of firms from their 2016 short lists. Top legal decision makers are no longer considering firms who are on the margins of performance. Clients keep wanting more…

Michael RynowecerMarch 29, 2017

The Mad Clientist

Clients Name the Long Term Law Firm Survivors

The pace ebbs and flows, but every client knows the legal industry is steadily consolidating. Clients want to work with the survivors. Every time top legal decision makers hire a law firm for a matter with a potential to last for years, they think about whether the firm will be…

Michael RynowecerMarch 28, 2017

The Mad Clientist

Many More Law Firms Delivering More Value

We can only look at the underlying data and believe there are big changes brewing in the law firm value proposition. This year clients report the number of law firms making changes to deliver more value, at 267, nearly doubled from last year when it was 138. These firms are…

Michael RynowecerMarch 28, 2017

The Mad Clientist

6 Tactics for Talking Rates with Clients

The only question you can be sure every client is going to ask prior to hiring you is: How much will this cost? The more you prolong addressing costs the more it becomes the elephant in the room. And it leaves everyone wondering who’s going to force the issue first.Take…

Michael RynowecerMarch 27, 2017