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	<title>Legal Industry Insights Archives - The BTI Consulting Group</title>
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		<title>Warning: New Generation of Law Firm Leaders Want to Crush You Like a Bug</title>
		<link>https://bticonsulting.com/themadclientist/warning-new-generation-of-law-firms-leaders-want-to-crush-you-like-a-bug</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Wed, 07 Aug 2024 20:52:08 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[Am Law 31-100 firms]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[client acquisition strategies]]></category>
		<category><![CDATA[law firm business development]]></category>
		<category><![CDATA[law firm client retention strategies]]></category>
		<category><![CDATA[law firm competition analysis]]></category>
		<category><![CDATA[Law Firm Competitive Analysis]]></category>
		<category><![CDATA[Law Firm Growth Strategies]]></category>
		<category><![CDATA[law firm growth tactics]]></category>
		<category><![CDATA[law firm lateral hiring]]></category>
		<category><![CDATA[law firm management tactics]]></category>
		<category><![CDATA[law firm marketing strategies]]></category>
		<category><![CDATA[law firm strategic planning]]></category>
		<category><![CDATA[Legal Industry Insights]]></category>
		<category><![CDATA[legal industry strategy]]></category>
		<category><![CDATA[legal industry survey]]></category>
		<category><![CDATA[legal market competition]]></category>
		<category><![CDATA[legal market trends]]></category>
		<category><![CDATA[next-generation law firm leaders]]></category>
		<category><![CDATA[strategic law firm leadership]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=40972</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/warning-new-generation-of-law-firms-leaders-want-to-crush-you-like-a-bug">Warning: New Generation of Law Firm Leaders Want to Crush You Like a Bug</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<p>New law firm leaders bring change. And some are bringing aggressive change — trying to bend the legal landscape to their advantage. If this means crushing you like a bug — no worries — it&#8217;s just business. They plan to win and win big.</p>
<p>In <strong><span style="color: #3366ff;"><a style="color: #3366ff;" href="https://bticonsulting.com/themadclientist/2015-3-4-warning-large-law-wants-to-crush-you-like-a-bug-html">2015</a></span></strong> the largest 30 law firms wanted to crush you like a bug. Now — it&#8217;s next-generation law firm leaders’ turn. They want to win big — see no barriers to doing so — and are moving to make it happen.</p>
<p>Overall, our survey of 110 law firm leaders reveals 5 core strategies or subsets of thinking about the market. They look like this:</p>
<ul>
<li>Crush you like a bug at 9.8%</li>
<li>There is enough for everyone at 15.2%</li>
<li>On a battlefield — winning some and losing some at 66.7%</li>
<li>Chasing the competition at 4.5%</li>
<li>Only a few competitors to worry about at 3.8%</li>
</ul>
<h5 style="padding-left: 40px;">Crush you like a bug (9.8%)</h5>
<p style="padding-left: 40px;">These mostly Am Law 31-100 firms don’t believe there are any structural boundaries to their ability to grow — in virtually any market. They are:</p>
<ul>
<li style="list-style-type: none;">
<ul>
<li>Undertaking aggressive, large-scale lateral hiring</li>
<li>Targeting top clients and markets</li>
<li>Building infrastructure to support growth</li>
</ul>
</li>
</ul>
<p style="padding-left: 40px;">These firms’ leaders assumed their role 30 months ago or less — they are the next generation to take the reins. They relish taking on the status quo and breaking convention. They see themselves as setting the pace for other firms and leading the market.</p>
<h5 style="padding-left: 40px;">There is enough for everyone (15.2%)</h5>
<p style="padding-left: 40px;">These firms believe they will get their share of growth. They largely plan to grow with the market or through rate increases. They don’t see themselves aggressively picking up new clients or adding a substantial number of laterals.</p>
<h5 style="padding-left: 40px;">On a battlefield — winning some and losing some (66.7%)</h5>
<p style="padding-left: 40px;">2/3 of law firm leaders see themselves fighting for clients and market share. They expect to win clients and lose clients. They are happy with their place in the market — at least for now.</p>
<h5 style="padding-left: 40px;">Chasing the competition (4.5%)</h5>
<p style="padding-left: 40px;">These firms see themselves as behind the curve. Most are losing clients and finding it harder to land new business. They realize upping their game is a key to long-term success. They feel like the firm is resistant to boosting business development performance.</p>
<h5 style="padding-left: 40px;">Only a few competitors to worry about (3.8%)</h5>
<p style="padding-left: 40px;">A small but important group of leaders don’t think about competition. They are committed to their strategy and see tracking competition as a distraction.</p>
<p>&nbsp;</p>
<p>The law firms who want to crush you like a bug could easily be targeting your laterals and clients. The presence of even a small group of aggressive firms puts all others on notice: protect your partner ranks and clients.</p>
<p>We expect an increase in the number of the most aggressive firms — making it more difficult for everyone else. Considering only <strong><span style="color: #3366ff;"><a style="color: #3366ff;" href="https://bticonsulting.com/themadclientist/law-firm-client-service-plunges-7-reasons-why">35% of clients recommend their primary law firm to a peer</a></span></strong> — the market is ripe for the aggressive, client-savvy firms to pick up market share and clients. Take advantage of it while it lasts.</p>
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<p>MBR</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/warning-new-generation-of-law-firms-leaders-want-to-crush-you-like-a-bug">Warning: New Generation of Law Firm Leaders Want to Crush You Like a Bug</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>6 Hard-Earned Lessons from Veteran Law Firm CMOs</title>
		<link>https://bticonsulting.com/themadclientist/6-hard-earned-lessons-from-veteran-law-firm-cmos</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Wed, 24 Jul 2024 23:04:34 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[Adaptation in Legal Marketing]]></category>
		<category><![CDATA[Attorney Personas]]></category>
		<category><![CDATA[BTI Client Service All-Stars]]></category>
		<category><![CDATA[BTI Report]]></category>
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		<category><![CDATA[CMO Advice]]></category>
		<category><![CDATA[CMO Career Advice]]></category>
		<category><![CDATA[Hindsight in Legal Marketing]]></category>
		<category><![CDATA[law firm business development]]></category>
		<category><![CDATA[Law Firm CMO Insights]]></category>
		<category><![CDATA[law firm leadership]]></category>
		<category><![CDATA[law firm marketing]]></category>
		<category><![CDATA[Legal CMO Tips]]></category>
		<category><![CDATA[Legal Industry Insights]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Legal Marketing Professionals]]></category>
		<category><![CDATA[legal marketing strategies]]></category>
		<category><![CDATA[Mad Clientist]]></category>
		<category><![CDATA[Marketing Challenges in Law Firms]]></category>
		<category><![CDATA[Marketing Lessons for CMOs]]></category>
		<category><![CDATA[Persistence in Legal Marketing]]></category>
		<category><![CDATA[Saying No in Legal Marketing]]></category>
		<category><![CDATA[Success in Legal Marketing]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=40953</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/6-hard-earned-lessons-from-veteran-law-firm-cmos">6 Hard-Earned Lessons from Veteran Law Firm CMOs</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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		<p>In the high-stakes world of law firm marketing, hindsight is 20/20.</p>
<p>We asked over 150 seasoned law firm Chief Marketing Officers (CMOs) what advice they&#8217;d give their younger selves or to a newly minted CMO. Their responses paint a vivid picture of the challenges and triumphs in our unique corner of the world.</p>
<p>These insights offer a roadmap for success for both aspiring and current legal marketing professionals. Here are the key lessons these veterans wish they had known from day one. The messages are pretty compelling:</p>
<ol>
<li style="list-style-type: none;">
<ol>
<li><strong>Don’t take it personally — everyone questions new ideas</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">The questioners are not attacking you, they are trying to get their head around your ideas. Their approach may be hard and gruff, and they may not believe — but it comes with the territory.</p>
<ol>
<li style="list-style-type: none;">
<ol start="2">
<li><strong>Persistence — don’t give up the ship</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">People won&#8217;t really understand what you are saying until they hear it 7 times. This means the initial resistance and indifference are part of the process. These are your first 2 or 3 of 7 points of communication. Very few ideas get off the ground without at least 7 clear messaging events to the right audience(s).</p>
<ol>
<li style="list-style-type: none;">
<ol start="3">
<li><strong>Adapt — learn from all the feedback you get</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">Rejection, resistance, and lack of enthusiasm all tell you the message or approach you propose may not be on target. Change your approach to play to the issues and concerns you hear.</p>
<ol>
<li style="list-style-type: none;">
<ol start="4">
<li><strong>Don’t make the job bigger than you</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">Don’t care more about the job than the firm. There will always be a few law firms who fundamentally don’t respect or care about the marketing and business development function. These law firm marketing leaders would have told a new CMO to jump ship and go to a place where marketing and business development are part of the firm.</p>
<ol>
<li style="list-style-type: none;">
<ol start="5">
<li><strong>Really get to know the attorneys</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">Attorneys have their priorities and preferences. Law firm leaders recommend taking the time to understand these people and their personalities. You are there to make the firm and the attorneys more successful. Your knowledge of the attorney&#8217;s personas and how they conduct business helps you develop your roadmap — and helps you make sure you get to know the partners most likely to make you successful.</p>
<ol>
<li style="list-style-type: none;">
<ol start="6">
<li><strong>Learn the art of saying no</strong></li>
</ol>
</li>
</ol>
<p style="padding-left: 40px;">CMOs are asked to do all manner of things — some relevant and strategic — others are unrelated to anything meaningful. Successful CMOs advise developing your own informal filters to decide when to say no — and then saying no. They also learn a thoughtful diplomatic decline earns you respect and paves the way for more strategic requests.</p>
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		<p>We can&#8217;t invest with hindsight but we can become better investors. These experienced leaders learned to navigate the legal marketing and business development waters. This advice is aimed at new and aspiring CMOs, but even the most experienced CMO can learn from the adjustments their peers would have made.</p>
<p>It’s never too late to fine-tune your approach.</p>
<p>Any lessons we left out? Let us know.</p>
<p>Best in the market ahead.</p>
<p>MBR</p>
<p><img decoding="async" class="alignnone wp-image-37624" src="https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue-300x52.png" alt="" width="173" height="30" srcset="https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue-300x52.png 300w, https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue-1024x176.png 1024w, https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue-768x132.png 768w, https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue-1536x264.png 1536w, https://bticonsulting.com/wp-content/uploads/2023/10/The-Mad-Clientist-Title-Blue.png 1636w" sizes="(max-width: 173px) 100vw, 173px" /></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/6-hard-earned-lessons-from-veteran-law-firm-cmos">6 Hard-Earned Lessons from Veteran Law Firm CMOs</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>25 Law Firms of All Sizes Top LinkedIn Engagement Touchpoints</title>
		<link>https://bticonsulting.com/themadclientist/25-law-firms-of-all-sizes-top-linkedin-engagement-touchpoints</link>
		
		<dc:creator><![CDATA[BTIConsulting]]></dc:creator>
		<pubDate>Wed, 15 Nov 2023 20:18:26 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[client demands]]></category>
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		<category><![CDATA[Client Service]]></category>
		<category><![CDATA[Client Thinking]]></category>
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		<category><![CDATA[Clients]]></category>
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					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/25-law-firms-of-all-sizes-top-linkedin-engagement-touchpoints">25 Law Firms of All Sizes Top LinkedIn Engagement Touchpoints</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<p>LinkedIn engagement is an underappreciated building block in your client relationship. Corporate counsel treat every comment, like and celebration as a valued touchpoint.</p>
<p>This high quality connection adds to the foundational strength you already have — and serves as a credible first touchpoint for others. This makes the case — and is a compelling reason to invest in getting partners to actively support firm posts.</p>
<p>And — more than ½ of clients visit LinkedIn 2 to 3 times a day — it swamps <a href="https://bticonsulting.com/themadclientist/the-big-new-source-of-new-clients-beats-website-traffic-by-2-to-1">website visits and searches</a>.</p>
<p>These LinkedIn touchpoints generate enough connections to drive inbound leads and conversations. Active partners report more inbound opportunities since they elected to support firm LinkedIn activity.</p>
<p>Please join me in congratulating the following firms in leading all others in likes and celebrations per partner for the first quarter of 2023 — an especially active time.</p>
<p>We showcase the top firms in each size cohort below:</p>
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		<p><span style="font-size: 14pt;">Cleary Gottlieb</span><br />
<span style="font-size: 14pt;">Clifford Chance</span><br />
<span style="font-size: 14pt;">Freshfields Bruckhaus Deringer</span><br />
<span style="font-size: 14pt;">Paul, Weiss</span></p>
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		<p><span style="font-size: 14pt;">Sidley</span><br />
<span style="font-size: 14pt;">Skadden</span><br />
<span style="font-size: 14pt;">Sullivan &amp; Cromwell</span><br />
<span style="font-size: 14pt;">Weil</span></p>
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		<p><span style="font-size: 14pt;">Cadwalader</span><br />
<span style="font-size: 14pt;">Cravath, Swaine &amp; Moore</span><br />
<span style="font-size: 14pt;">Debevoise &amp; Plimpton</span><br />
<span style="font-size: 14pt;">Fragomen</span></p>
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		<p><span style="font-size: 14pt;">Haynes and Boone</span><br />
<span style="font-size: 14pt;">Lowenstein Sandler</span><br />
<span style="font-size: 14pt;">Milbank</span><br />
<span style="font-size: 14pt;">Schulte Roth &amp; Zabel</span></p>
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		<p><span style="font-size: 14pt;">Boies Schiller Flexner</span><br />
<span style="font-size: 14pt;">Brown Rudnick</span><br />
<span style="font-size: 14pt;">Day Pitney</span><br />
<span style="font-size: 14pt;">Greenspoon Marder</span><br />
<span style="font-size: 14pt;">Herrick Feinstein</span></p>
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		<p><span style="font-size: 14pt;">Hughes Hubbard &amp; Reed</span><br />
<span style="font-size: 14pt;">Kobre &amp; Kim</span><br />
<span style="font-size: 14pt;">Saul Ewing</span><br />
<span style="font-size: 14pt;">Stroock</span></p>
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		<p>The overwhelming majority of the firms above are top performers in the <a href="https://bticonsulting.com/bti-client-service-a-team"><strong><em>BTI Client Service A-Team 2023: The Survey of Client Service Performance for Law Firms</em></strong></a>. Law firms with the best client service also enjoy more touchpoints with clients. This is one more way to up your client service game.</p>
<p>A few suggestions for getting partners to support posts from your firm&#8217;s LinkedIn page:</p>
<ul>
<li>Post the number of likes and comments monthly or weekly on an internal site — including history. This creates awareness and excitement in the process of watching and enlisting support</li>
<li>Publish the names of the top LinkedIn engagers monthly or quarterly</li>
<li>Ask all partners to suggest one topic for a firm LinkedIn post to get them involved — and learn about each other</li>
<li>Offer a prize to the attorney, practice group, and office for the most likes and meaningful comments — try mixing this up and offer prizes for law school alumni groups</li>
</ul>
<p>LinkedIn is still relatively new and novel to attorneys — but not so for clients. The attorneys making it a habit now can establish an overwhelming lead in gaining followers and connected relationships — a powerful setup for the next and much more difficult world of business development and client service to come.</p>
<p><strong>Jump Ahead of the LinkedIn Business Development Curve</strong></p>
<p>Only one source provides law firms with unique insights into exactly where they stand along key LinkedIn performance metrics including:</p>
<ul>
<li>LinkedIn Followers</li>
<li>LinkedIn Followers per Partner</li>
<li>Active Engagement Percentage Rates</li>
<li>Engagement Touchpoints and Activities</li>
<li>Engagement Touchpoints and Activities per Partner</li>
<li>Monthly Posting Cadence</li>
<li>Where you stand compared to law firms in your size cohort</li>
</ul>
<p><strong>Unleash Your Law Firm&#8217;s LinkedIn Potential</strong></p>
<p>The <a href="https://bticonsulting.com/bti-benchmarking-law-firm-linkedin-performance"><em><strong>BTI Benchmarking Law Firm LinkedIn Performance 2023: Unleashing the Power of LinkedIn</strong></em></a> is your gateway to this invaluable data, the most successful strategies, and the secret sauce to securing attorney support and engagement with your firm’s online presence. Don’t just keep up — jump ahead of the curve!</p>
<p>Ready to transform your law firm’s LinkedIn game? <a href="https://bticonsulting.com/bti-benchmarking-law-firm-linkedin-performance"><strong>Click here</strong></a> to grab your copy of the report and embark on a journey to LinkedIn success.</p>
<p>Stay ahead, stay engaged, and stay successful on LinkedIn!</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/25-law-firms-of-all-sizes-top-linkedin-engagement-touchpoints">25 Law Firms of All Sizes Top LinkedIn Engagement Touchpoints</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>Client Expectations Jump 27%</title>
		<link>https://bticonsulting.com/themadclientist/client-expectations-jump-27</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Wed, 08 Nov 2023 22:06:11 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[client demands]]></category>
		<category><![CDATA[client expectations]]></category>
		<category><![CDATA[Client Service]]></category>
		<category><![CDATA[Client Thinking]]></category>
		<category><![CDATA[Client-Centric Approaches]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[competitive edge]]></category>
		<category><![CDATA[Corporate Counsel]]></category>
		<category><![CDATA[Future of Law Firms]]></category>
		<category><![CDATA[Law Firm Growth Strategies]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm leadership]]></category>
		<category><![CDATA[law firm strategies]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[Legal Business Development]]></category>
		<category><![CDATA[legal industry]]></category>
		<category><![CDATA[Legal Industry Insights]]></category>
		<category><![CDATA[legal industry trends]]></category>
		<category><![CDATA[legal landscape]]></category>
		<category><![CDATA[Legal Market Strategies]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Q4 business development]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=37719</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/client-expectations-jump-27">Client Expectations Jump 27%</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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		<p>You disappear from the reliable and trusted list the minute you fall behind client expectations. There is little leeway here.</p>
<p>You have 2 ways to fall behind:</p>
<ol>
<li style="list-style-type: none;">
<ol>
<li>You can do less or invest your time elsewhere — this is more often an unintended behavior than a decision</li>
<li>Clients start moving ahead faster or differently — the real risk</li>
</ol>
</li>
</ol>
<p>And clients are changing things up. They are moving faster than they have in years. The increased challenge looks like this:</p>
<ul>
<li style="list-style-type: none;">
<ul>
<li>21% corporate counsel experienced a 27% increase in the demands of their job from just 12 months ago</li>
<li>Almost half (44%) say their role is 16% more demanding than a year ago</li>
<li>18% experience an 8% increase in the demands of their role</li>
<li>17% say they don’t see much change in the demands placed on them</li>
</ul>
</li>
</ul>
<p>This adds up to 81% of corporate counsel expecting their outside counsel to stay ahead of them. These new demands redefine business development basics including:</p>
<ul>
<li style="list-style-type: none;">
<ul>
<li>Shortening response times</li>
<li>Heightened need for the current status of matters</li>
<li>More emphasis on approach when hiring and less on win rates and deal values</li>
<li>Having one partner accountable for everything at the client</li>
<li>Knowing what your clients’ needs are because they are avoiding pitches and proposals</li>
</ul>
</li>
</ul>
<p>They still have time to meet with you. They will tell you what they are doing and where they are headed — if you ask. But you need to make your questions more succinct, practical, and focused than ever before.</p>
<p>This dovetails with the <span style="color: #0000ff;"><strong><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/9-q4-business-development-hacks">Q4 business development hacks</a></strong></span> we discussed 3 weeks ago. This only underlines the urgency and gravitas of jumping in and getting ahead. The laws of physics tell us it&#8217;s harder to get ahead than to stay ahead. Do it right and you only have to jump ahead once.</p>
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		<p style="text-align: left;">Best in the market ahead –</p>
<p style="text-align: left;">MBR</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/client-expectations-jump-27">Client Expectations Jump 27%</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>10.1% of Attorneys Report Toxic Culture; How Many Are Great?</title>
		<link>https://bticonsulting.com/themadclientist/10-1-of-attorneys-report-toxic-culture-how-many-are-great</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Thu, 26 Oct 2023 01:20:43 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[Attorney Satisfaction]]></category>
		<category><![CDATA[Attorney Surveys]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Development]]></category>
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		<category><![CDATA[Clients]]></category>
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		<category><![CDATA[Law Firm Culture]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=37640</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/10-1-of-attorneys-report-toxic-culture-how-many-are-great">10.1% of Attorneys Report Toxic Culture; How Many Are Great?</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<p>From toxic wastelands to well-oiled machines, the legal workplace is a diverse ecosystem.</p>
<p>Trust can be a rare commodity and cooperation a distant dream. But fear not, only 10.1% of law firms have descended into this abyss.</p>
<p>On the bright side, 12.1% of firms operate as well-oiled machines, where the attorneys are in sync, ideas flow freely, and client relationships thrive.</p>
<p>BTI research, based on more than 1,000 responses to our workplace and attorney satisfaction survey, reveals 4 distinct cultures:</p>
<h5 style="margin-bottom: 5px; padding-left: 40px;"><span style="color: #333399;">The Toxic Workplace</span></h5>
<p style="padding-left: 40px;">Trust is scarce. Attorneys keep their distance. Partners work together only if they have to — the same goes for associates — they don’t trust each other to help with work or share stresses and experiences. Partners resent firm interference with their clients. Fortunately, only 10.1% of firms receive this distinction from their attorneys.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>The Well-Oiled Machine</strong></span></h5>
<p style="padding-left: 40px;">At the other end of the spectrum — 12.1% excel with seamless collaboration and information sharing. Partners are in synch — so associates feel in synch.</p>
<p style="padding-left: 40px;">You find ongoing information sharing about client, legal, and workplace issues — all serving to build attorney knowledge bases they can use in client work and business development. Attorneys offer up thoughts and ideas routinely — it&#8217;s part of the DNA.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>The Machine</strong></span></h5>
<p style="padding-left: 40px;">The largest group at 47.5% leans towards working together — but often needs a catalyst to make it happen. These catalysts include transactional work, large litigation, a partner seeking another out, pitches, and large client defections.</p>
<p style="padding-left: 40px;">This group of firms has the building blocks to become a well-oiled machine.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>The Siloed</strong></span></h5>
<p style="padding-left: 40px;">30.3% report uneven cooperation. There is little in the way of active sharing between practice groups. Some attorneys in this cohort report being envious of the groups with more sharing than their own.</p>
<p>The Well-Oiled Machines enjoy the highest workplace satisfaction. BTI research suggests they enjoy fundamentally stronger client relationships as well. This is a clear benefit of idea sharing finding its way to clients.</p>
<p>All firms can boost workplace culture and sharing of ideas by <span style="color: #000000;">implementing at least one of the following strategies:</span></p>
<h5 style="margin-bottom: 5px; padding-left: 40px;"><span style="color: #333399;">Anonymous Attorney Survey</span></h5>
<p style="padding-left: 40px;">Give attorneys a voice. And give leadership feedback. Learn what and why your attorneys really think about the firm. Uncover unseen strengths and weaknesses. This is one of the few tools proven to immediately boost even the best workplace culture upon delivery — and again when you present the results.</p>
<p style="padding-left: 40px;">This survey adds enduring value when leadership takes action on the weaknesses and leverages the strengths. N.B. — if it is not anonymous you won&#8217;t get the insight.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>Formal Idea Sharing Sessions</strong></span></h5>
<p style="padding-left: 40px;">Promote better ideas and stronger bonds. The more discussion the better the bonds. We recommend:</p>
<p style="padding-left: 80px;"><strong>Idea circles</strong> — smaller formal groups to exchange ideas on what they see and hear. Meet in short sessions of 30 minutes or less. Discuss one or two ideas. Rotate the people who bring questions or ideas for the group to discuss.</p>
<p style="padding-left: 80px;"><strong>Informal idea sharing</strong> — send an email once a month to all attorneys asking for the top issues in the market, in law, or other meaty topics. Limit response to three bullet points and share the list with all attorneys.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>Client-issue Discussion Forums</strong></span></h5>
<p style="padding-left: 40px;">Create small groups to discuss one client. Discuss all aspects of the client — from legal issues to business development to news. Discuss how to solve problems, develop new business and services, and what everyone knows about a specific client.</p>
<p style="padding-left: 40px;">These sessions always reveal new insights, build bonds within the forum, and provide potent discussion topics with clients.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;"><strong>Leadership Partner in Charge of Workplace Development</strong></span></h5>
<p style="padding-left: 40px;">Put a respected and influential partner in charge of developing the workplace. While every attorney is responsible — this leadership partner is accountable. Give this effort a budget and goals.</p>
<p>Some of these practices were the hallmark of a good law firm back in the day — when law firms were small, and the partners fit in one conference room. Large firms can embrace what was and add new elements to leverage their size and collective skills and knowledgebase. This will be part of the next wave of critical success factors in successfully developing the next generation law firm.</p>
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<p>Start your idea sharing now — use the just-released <strong><a href="https://bticonsulting.com/bti-litigation-outlook">BTI Litigation Outlook 2024</a> </strong>to spark discussion among litigators about business development, client needs, and where the firm is ranked by clients. <a href="https://bticonsulting.com/bti-litigation-outlook"><strong>Order Now</strong></a>.</p>
<p>You can also use the <strong><a href="https://bticonsulting.com/bti-benchmarking-law-firm-linkedin-performance">BTI Benchmarking Law Firm LinkedIn Performance 2023</a> </strong>to build support for each other — and the firm; &#8216;s LinkedIn presence as it overtakes websites as a client destination. <a href="https://bticonsulting.com/bti-benchmarking-law-firm-linkedin-performance"><strong>Order here</strong>.</a></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/10-1-of-attorneys-report-toxic-culture-how-many-are-great">10.1% of Attorneys Report Toxic Culture; How Many Are Great?</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>8 Trends Driving the Litigation Market in 2024</title>
		<link>https://bticonsulting.com/themadclientist/8-trends-driving-the-litigation-market-in-2024</link>
		
		<dc:creator><![CDATA[BTIConsulting]]></dc:creator>
		<pubDate>Wed, 27 Sep 2023 19:19:07 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[AI in Legal Services]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=37509</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/8-trends-driving-the-litigation-market-in-2024">8 Trends Driving the Litigation Market in 2024</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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		<p>Unpredictable replaced uncertain. Unexpected litigation is rampant. Novel and complex claims are driving a new stream of litigation. All this creates a host of new business development opportunities.</p>
<p>And this is the tip of the iceberg. Our brand new research with more than 280 corporate counsel reveals the key trends underpinning another year of litigation growth. The top 8 are:</p>
<ol>
<li>Litigation spending on outside counsel is growing again in 2024 for the 4th year</li>
<li>The caseload is growing for the 4th year in a row — but spending is growing faster</li>
<li>87% of clients plan to increase or hold spending steady in 2024</li>
<li>6 segments within 8 industries are especially robust</li>
<li>Complex and high-stakes matters see the biggest growth in cases</li>
<li>Client interest in settling surges — but without sacrificing aggressive defense</li>
<li>Clients are no longer searching far and wide for the perfect law firms</li>
<li>Clients are more open to hiring new law firms than they have been in years</li>
</ol>
<p>Clients are spending their way through the unpredictable — and are ready to meet whatever the world throws at them with robust and increased budgets.</p>
<p>Only the <em>BTI Litigation Outlook 2024</em> maps out exactly where the spending is and isn’t — enabling you to target your business development efforts to the best and most robust opportunities.</p>
<p><strong>Clients Share Law Firm Preferences and Powerhouses for Litigation — By Name  </strong></p>
<p>Learn the law firms clients think are best positioned to get the new work — by name and litigation segment — and the most feared law firms.</p>
<p>Discover the new business development tactics working in the uncertain economy and how clients are spending their litigation dollars in 2024 for 8 segments and 18 industries.</p>
<p><strong>The Most Overlooked Market in Years</strong></p>
<p>Too many law firms are convinced 2024 will be a bust. They will lose out to the firms seizing the opportunity. Learn exactly where clients are spending and who they are likely to spend it with.</p>
<p>Order your copy of the <a href="https://bticonsulting.com/bti-litigation-outlook"><strong><em>BTI Litigation Outlook 2024: Navigating Litigation Spending in the New Unpredictable World</em> here</strong></a>.</p>
<p>More than half of clients are increasing their litigation budgets despite what the pundits say about next year. Learn where and how they will spend it. <strong><a href="https://bticonsulting.com/bti-litigation-outlook">Order today.</a></strong></p>
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<strong><span style="color: #212f64;">The Mad Clientist</span></strong></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/8-trends-driving-the-litigation-market-in-2024">8 Trends Driving the Litigation Market in 2024</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>Clients Loving Dedicated Relationship Managers: Struggle with Sales People</title>
		<link>https://bticonsulting.com/themadclientist/clients-loving-dedicated-relationship-managers-struggle-with-sales-people</link>
		
		<dc:creator><![CDATA[BTIConsulting]]></dc:creator>
		<pubDate>Wed, 20 Sep 2023 19:34:02 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[AI in Legal Services]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=37136</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/clients-loving-dedicated-relationship-managers-struggle-with-sales-people">Clients Loving Dedicated Relationship Managers: Struggle with Sales People</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<p>Decoding legal sales is one of the holy grails. Combine savvy business development skills with legal prowess and you just unlocked a path to outsized success.</p>
<p>Brand new research with more than 250 corporate counsel reveals clear preferences about who they want to deal with and what facilitates new law firm revenue.</p>
<p><strong>Dedicated Business Development and Client Service Executives </strong></p>
<p>Clients love their dedicated client relationship manager. You can call them any one of:</p>
<ul>
<li>Dedicated Business Development Executives (BDE)</li>
<li>Client Service Executives (CSE)</li>
<li>Client Relationship Manager (CRM)</li>
<li>Client Executive (CE)</li>
</ul>
<p>And there are likely to be more titles floating around. But — clients know who they are what they do and almost all are almost universally loved.</p>
<p>These individuals — who don’t practice law — watch over a set of specific client needs and run interference on key aspects of the relationship. This is all they do — make life easier for the client and the partners in their firm.</p>
<p>Corporate counsel report 4 common denominators among these professionals:</p>
<ul>
<li>Serious caring — it shows and the caring is obvious to clients</li>
<li>Listening — a dedicated ear combined with empathy and problem-solving</li>
<li>Institutional knowledge — clients tell us their client relationship manager quickly becomes a walking encyclopedia of their preferences, priorities, needs, and sensitivities</li>
<li>Streamlining — saving time and money for all involved</li>
</ul>
<p>The client connection between these client relationship managers is robust. I can’t endorse these professionals enough.</p>
<p>You will find over 50 of these individuals in the top 10 law firms in The BTI Client Service 30. Some with more than others, but just one makes a difference.</p>
<p><strong>Dedicated Sales Executives</strong></p>
<p>Dedicated Sales Executives (DSE) are tasked with finding new clients and bringing them into the firm — or just finding new clients. DSEs are on the bleeding edge of law firm business development strategy. Here is what they are up against:</p>
<ul>
<li>44% of clients report being approached by dedicated law firm sales professionals</li>
<li>56% have not</li>
<li>9% of all corporate counsel — whether approached or not — are open to it</li>
</ul>
<p>The 91% who are not enthusiastic share the following.</p>
<p style="padding-left: 40px;">“<em><strong>Sales is an understood subtext of networking. There&#8217;s no reason to add this to the mix</strong></em>.”<br />
– Associate General Counsel, Large Healthcare Company</p>
<p>This quote above says so much about business development and training for attorneys.</p>
<p style="padding-left: 40px;">“<em><strong>Not encouraging this – if they don’t practice law they won’t understand.</strong></em>”<br />
– Deputy General Counsel, Global Food and Agriculture Company</p>
<p style="padding-left: 40px;">“<em><strong>I prefer to meet people who I will be working with.</strong></em>”<br />
– M&amp;A Counsel, Leading Semi-Conductor Company</p>
<p>Law firms may or may not be ready for dedicated sales professionals. Few clients are.</p>
<p>Law firms are compelled to find a place for business development in their core strategy. You will find DSEs scoring big successes — and they will continue to do so. But they will be few and far between. The few successes are backed by deep insights the DSE brings — about either the person or potential client company on whom they are calling.</p>
<p>The DSE faces competition from:</p>
<ul>
<li>Corporate counsel peer referrals</li>
<li>Compelling LinkedIn posts</li>
<li>Thought leadership from law firms</li>
<li>Clients’ existing networks</li>
<li>Informal networking groups</li>
<li>Client relationship managers</li>
</ul>
<p>Few things beat the caring, listening, and knowledge the client relationship managers deliver.</p>
<p>And — you can gain this current knowledge with clients every day. This offers the perfect setup for developing business with existing clients.</p>
<p>We are in a world where clients are more open to hiring new law firms than they have been for decades. Harvesting and building knowledge is part of the successful business development roadmap. Advantage client relationship manager.</p>
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<strong><span style="color: #212f64;">The Mad Clientist</span></strong></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/clients-loving-dedicated-relationship-managers-struggle-with-sales-people">Clients Loving Dedicated Relationship Managers: Struggle with Sales People</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>Beyond AI: Discover 2 New Unseen Changes Transforming the Legal World</title>
		<link>https://bticonsulting.com/themadclientist/beyond-ai-discover-2-new-unseen-changes-transforming-the-legal-world-now</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Thu, 14 Sep 2023 05:19:39 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[AI in Legal Services]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Professionals in Law Firms]]></category>
		<category><![CDATA[Client-Centric Approaches]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[DEI in Law]]></category>
		<category><![CDATA[Future of Law Firms]]></category>
		<category><![CDATA[Law Firm Growth Strategies]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm leadership]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[Legal Business Development]]></category>
		<category><![CDATA[Legal Industry Insights]]></category>
		<category><![CDATA[legal industry trends]]></category>
		<category><![CDATA[Legal Market Strategies]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Legal Sector Changes]]></category>
		<category><![CDATA[legal technology]]></category>
		<category><![CDATA[New Law Firm Leaders]]></category>
		<category><![CDATA[talent retention strategies]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=37113</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/beyond-ai-discover-2-new-unseen-changes-transforming-the-legal-world-now">Beyond AI: Discover 2 New Unseen Changes Transforming the Legal World</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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		<p>We are in the midst of the largest transformation in the legal world, and we are only one year into it — two more years are imminent.</p>
<p>This unprecedented shift heralds a substantial change in the direction, strategies, and role of business professionals — and the ethos adopted by law firms. It demands new perspectives and approaches to all the tested paths coming before.</p>
<p>BTI research reveals that 40% of law firm leaders have assumed their role in the last three years. It takes two years for a law firm leader to get their sea legs. The first wave of change is just setting in. As the emerging leaders find their footing, they are making decisions about:</p>
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		<h5 style="padding-left: 40px;"><span style="color: #333399;">1. Technology</span></h5>
<p style="padding-left: 63px;">The primary focus is on AI, in terms of what it can do and how to leverage it effectively, both internally and for clients.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">2. Talent Retention</span></h5>
<p style="padding-left: 63px;">Engaging and retaining partners is becoming increasingly competitive, and these new leaders are bracing for a fierce battle to attract lateral hires.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">3. Upskilling Talent</span></h5>
<p style="padding-left: 63px;">Many new leaders believe that attorneys who have become partners in the last five years lack essential skills in client-facing activities, including client service and business development.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">4. Compensation</span></h5>
<p style="padding-left: 63px;">Leaders want flexible and subjective comp to achieve 3 objectives:<br />
• Keep partners: The war for talent has no boundaries or rules — every partner is vulnerable<br />
• Reward partners: How to match compensation to the behaviors that success demands<br />
• Recruit partners: All law firms are looking to build new or stronger benches</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">5. Client-Centric Approaches</span></h5>
<p style="padding-left: 63px;">Clients loom large in any law firm’s success. New leaders see this as the source of competitive advantage it is.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">6. Role of Business Professionals</span></h5>
<p style="padding-left: 63px;">The word about the success of business professionals is getting out, especially in HR, CMOs, client-facing relationship managers, and digital marketers. New leaders are trying to build the most robust teams. How new leaders start on this path impacts implementation and the careers of these business professionals.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">7. The Right Markets</span></h5>
<p style="padding-left: 63px;">There isn’t a new law firm leader who hasn’t watched Kirkland run away with the Private Equity market. These emerging leaders want to do the same — resulting in pivots into new markets.</p>
<h5 style="padding-left: 40px;"><span style="color: #333399;">8. DEI</span></h5>
<p style="padding-left: 63px;">After years of trying to put programs in place — this too is a new dawn. New leaders face the challenge of meeting DEI objectives with innovative ideas. They also have to worry about firmwide backlash for any perceived weakening of the spirit.</p>
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		<p>These are all strategic issues. The decisions around the direction and approach to each of these defines the law firm’s path — implementation will drive success.</p>
<h3><span style="color: #000080;"><strong>Back to the Sea Legs</strong></span></h3>
<p>Most new leaders from the last 2 years are still getting their sea legs. This presents a rare opportunity for law firms to make an impact. I recommend:</p>
<ul>
<li style="list-style-type: none;">
<ul>
<li>Ask new leaders about their priorities and thoughts on the issues above — and others</li>
<li>Engage with your ideas and strategies</li>
<li>Share your fully informed opinion about the issues in your domain</li>
<li>Evangelize for the issues around which you have real passion — and let the passion show</li>
<li>Make a compelling case — passion and numbers are equally important</li>
</ul>
</li>
</ul>
<p>Additionally, we expect 15 to 20% of current law firm leaders to step down in the next 2 years (the 2<sup>nd</sup> unseen change). Expect more transformation to come.</p>
<p>The future is unfurling its canvas — new law firm leaders can paint it with bold strokes of visionary strategy and leadership. Transformation is not for the meek.</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/beyond-ai-discover-2-new-unseen-changes-transforming-the-legal-world-now">Beyond AI: Discover 2 New Unseen Changes Transforming the Legal World</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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