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		<title>Dissecting Law Firm Strategic Planning — 11 Take-Aways</title>
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		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Thu, 09 May 2024 01:40:20 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/dissecting-law-firm-strategic-planning-11-take-aways">Dissecting Law Firm Strategic Planning — 11 Take-Aways</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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	<p>Strategic planning graduated from mandatory monotony to mission-critical.</p>
<p>Law firms have more money at risk than ever — and the future is made up of bets and choices. These bets include markets, talents, changing demands of law firms by attorneys and clients — and the free-for-all developing as law firms poach each other&#8217;s partners.</p>
<p>Strategic plans were once a discussion among a few partners. Now, meticulous processes with a combination of facts, trends, experience, ideas, vision, and intuition drive the most successful plans. Some firms are there — others are getting there. And a few don’t care.</p>
<p><span style="color: #3366ff;"><a style="color: #3366ff;" href="https://www.linkedin.com/in/patrickjmckenna/" target="_blank" rel="noopener">Patrick McKenna</a></span> and I surveyed more than 200 law firm leaders to delineate the state of the art — and how to make it better. It’s a cornucopia of approaches, processes, and results.</p>
<p>Use it to pick from the best. Use it to position yourself to help. And use it to help drive outsized results.</p>
<p>You can find the link to download the full complimentary report at the end of the post. Here are the highlights:</p>
<p style="padding-left: 40px;"><strong>15% of law firm leaders characterize their strategic planning as excellen</strong>t — with another 11% describing it as good. This leaves <strong>74% of law firms with sub-optimal strategic planning</strong> — and likely plans.</p>
<p style="padding-left: 40px;"><strong>69% of law firm leaders indicate strategic planning is more important</strong> than ever or nearly so. They see the risks — and the rewards.</p>
<p style="padding-left: 40px;"><strong>6.5% of leaders eschew plans</strong> and are opportunistic. They consider themselves agile and have keen instincts. This too is a strategic plan — to be opportunistic.</p>
<p style="padding-left: 40px;"><strong>79% of law firm leaders indicate they have written strategic plans</strong>. But most don’t see them as excellent — leaving work to do and decisions to be made.</p>
<p style="padding-left: 40px;">Only <strong>34% of firms interviewed or surveyed a majority of their partners</strong> as part of the process. This dilutes engagement at all levels as they feel excluded. It also reduces interest in understanding the plan — never mind implementing it.</p>
<p style="padding-left: 40px;"><strong>45% include client surveys and feedback</strong> in their strategic plan. More than half exclude a vital guidepost in spotting opportunities from the constituency with enormous influence on your results. Clients offer a broad view of needs and see strengths in law firms they rarely see in themselves.</p>
<p style="padding-left: 40px;"><strong>68.2% of leaders use a consultant</strong> to help facilitate the planning process. Of these — only one-third reported successfully implementing all of their plans. A good consultant will help — a mediocre consultant or less will hurt.</p>
<p style="padding-left: 40px;"><strong>Leaders with internally focused plans are 20% less satisfied</strong> with their plans. These leaders intuitively sense how an external focus brings new insights. They also add energy and enthusiasm as it delineates more opportunities for attorneys.</p>
<p style="padding-left: 40px;"><strong>35% of firms formed a dedicated committee</strong> to develop the strategic plan. These committees hold each accountable for bringing in the right facts at the right time. They add structure and accountability to the process.</p>
<p style="padding-left: 40px;"><strong>Larger firms have more targeted goals and plans</strong>. 44.2% of firms described their plans as brief and targeted — this drops to 12.5% for firms with less than 500 attorneys. Brief and targeted beats broad and all-inclusive.</p>
<p style="padding-left: 40px;"><strong>18.6% of leaders indicate they implement almost all of their plans</strong>. So many firms see their plans lying on a shelf or server somewhere. Implementation demands more resources than planning — with specific accountability for implementations — most often a key missing link.</p>
<p>Law firms can improve their strategic planning process — and develop more compelling plans — by embracing the following processes:</p>
<h5 style="padding-left: 40px;"><strong>Avoid negotiated strategic plans </strong></h5>
<p style="padding-left: 40px;">Law firms report the strategic plan is effectively a result of the ability of certain practice leaders to negotiate for their interest or goal — adding facts from clients and partners will help ground truth the plan — and eliminate negotiated strategies.</p>
<h5 style="padding-left: 40px;"><strong>Add client input </strong>—<strong> 3 advantages </strong></h5>
<p style="padding-left: 40px;">Clients have a broad view of their needs and how they will change — in addition, 70% of law firms don’t match client perception — alignment is one key to success. And — they help eliminate negotiated strategic plans.</p>
<h5 style="padding-left: 40px;"><strong>Add attorney input</strong></h5>
<p style="padding-left: 40px;">It’s worth it for the one insightful new idea — and it will come from a place you least likely expect. You will also boost overall attorney engagement.</p>
<h5 style="padding-left: 40px;"><strong>Lay out the process for all</strong></h5>
<p style="padding-left: 40px;">Let everyone in the firm know what is happening and when. This knowledge boosts engagement and creates energy around strategic thinking. It also establishes a form of accountability to the firm for completion and implementation.</p>
<h5 style="padding-left: 40px;"><strong>Short beats long</strong></h5>
<p style="padding-left: 40px;">Take the time to make it brief and targeted. It takes more work and may demand more decision making — but it drives success.</p>
<h5 style="padding-left: 40px;"><strong>Embrace alternative and nontraditional views</strong></h5>
<p style="padding-left: 40px;">New market opportunities are arising that only associates know about. New regulations are creating counterintuitive opportunities. Talent retention demands new strategies not typically used in law firms. The pivotal insights and facts may lie outside the current field of vision. Multiple and alternative viewpoints — harnessed with positive energy — are one of the most powerful tools to make all this change work for you.</p>
<p>Attorneys love an intellectual challenge. It lies before you in the form of strategic planning. The firms upping their strategic planning process are the most likely to emerge as the next market leaders — and they will enjoy better retention as few things attract high-performing attorneys more than success — ditto for clients.</p>
<p>You can download a complimentary copy of the full report <strong>Dissecting the Processes of Law Firm Strategic Planning</strong> here.</p>
<p><a href="https://bticonsulting.com/wp-content/uploads/2024/05/Dissecting-The-Processes-of-Law-Firm-Strategic-Planning.pdf" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-38830 size-full" src="https://bticonsulting.com/wp-content/uploads/2024/05/Complimentary-Download-Dissecting-The-Processes-of-Law-Firm.png" alt="" width="300" height="85" /></a></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/dissecting-law-firm-strategic-planning-11-take-aways">Dissecting Law Firm Strategic Planning — 11 Take-Aways</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>Law Firm Leaders Tackling 13 Strategic Issues — 4 Dominate</title>
		<link>https://bticonsulting.com/themadclientist/law-firm-leaders-tackling-13-strategic-issues-4-dominate</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Wed, 01 May 2024 22:16:37 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[clientwork]]></category>
		<category><![CDATA[Corporate Counsel]]></category>
		<category><![CDATA[generative AI]]></category>
		<category><![CDATA[insights]]></category>
		<category><![CDATA[law firm client service]]></category>
		<category><![CDATA[Law Firm Culture]]></category>
		<category><![CDATA[law firm growth]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[Law Firm Strategy]]></category>
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		<category><![CDATA[strategic issues]]></category>
		<category><![CDATA[Strategic Planning]]></category>
		<category><![CDATA[Talent Retention]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=38796</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/law-firm-leaders-tackling-13-strategic-issues-4-dominate">Law Firm Leaders Tackling 13 Strategic Issues — 4 Dominate</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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	<p>Law firm leaders are getting their arms around 13 issues impacting their strategies — 4 dominate.</p>
<p>Based on the survey my longtime friend and collaborator, internationally recognized law firm consultant <span style="color: #3366ff;"><a style="color: #3366ff;" href="https://www.linkedin.com/in/patrickjmckenna/" target="_blank" rel="noopener">Patrick McKenna</a></span>, and I conducted with more than 200 law firm leaders — we uncovered the top strategic issues standing in the way of law firms getting the edge they want.</p>
<p>The top strategic issues look like this:</p>
<p style="padding-left: 40px;"><strong><span style="color: #212f64;"><span style="color: #000000;">Growth</span> </span></strong>at 46.95% of leaders</p>
<p style="padding-left: 40px;">No law firm wants to let a competitor grow in its client base. Growth is now both offense and defense. But it&#8217;s all about growing the right way — offering career opportunities for rising stars, engagement for all, an advantage in attracting laterals, better margins, and protecting market share and clients.</p>
<p style="padding-left: 40px;">Lateral poaching remains the preferred method to drive growth. But law firm leaders are looking for the industries where it would be wise to double down. Despite the talk of law firm mergers picking up — most firms don’t want to see a merger as their first choice.</p>
<p style="padding-left: 40px;"><strong>Generative AI</strong> at 32.65% of leaders</p>
<p style="padding-left: 40px;">So many lovers and haters. These law firm leaders see Generative AI as a serious disruptor — while others see AI as something to be avoided.</p>
<p style="padding-left: 40px;">A few firms will make big bets on client-facing tools. Others are betting on workflow. Only 5% of law firm leaders think Generative AI will be a big nothingburger. This contrasts with the 32.65% who think it is the defining issue. The bets are on.</p>
<p style="padding-left: 40px;"><strong>Improving Culture</strong> at 26.53% of leaders</p>
<p style="padding-left: 40px;">Strong and strategic culture drives success. It drives engagement, productivity, branding, client service, business development, and retention. Improving culture solves so many problems law firm leaders face. Strong cultures are also more open to change — something law firms will see more of instead of less.</p>
<p style="padding-left: 40px;"><strong>Talent Retention</strong> at 26.53% of leaders</p>
<p style="padding-left: 40px;">A great lateral means a lot if you are on the receiving end. A loss hurts. Just over 1 in 4 law firm leaders see retention as the top strategic issue. Retention is a first cousin to improving culture. Those leaders able to improve culture are simultaneously improving retention.</p>
<p>(Note: total percentages are greater than 100% as a result of multiple responses.)</p>
<p>Law firm leaders also point to a set of smaller but significant issues. They deserve time and attention — but most can be dealt with by solving the dominant 4. These smaller strategic issues include:</p>
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	<p>Rate Pressure</p>
<p>Profitability</p>
<p>Profits</p>
<p>Differentiation</p>
<p>Hybrid work</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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	<p>Strategy</p>
<p>Rate Increases</p>
<p>Transformation</p>
<p>Productivity</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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	<h3><strong>More Important Than Ever</strong></h3>
<p>49% of law firm leaders indicate strategic planning is more important than ever. Another 20% say it is tremendously important.</p>
<p>Law firms have more money at risk than ever. They have more attorneys in their firms to communicate with. And — they are looking at bigger markets and a multitude of new ones. The world is awash in geopolitical risk. And law firm leaders are sorting all this out through strategic planning.</p>
<p>Strategic planning brings all this together by evaluating risk and opportunity — the plan itself defines what a law firm will and won&#8217;t do. The strategic path brings about the most informed and thoughtful decisions — and with the amount of money at stake — no firm deserves less.</p>
<p>You can improve your strategic plans — and the process — by including the following:</p>
<ol>
<li>Bring in client and market perspective</li>
<li>Develop criteria for the level of risk, investment, and reward the firm will accept — in writing</li>
<li>Setting clear milestones and metrics to measure success</li>
<li>Bring in voices from all over the firm — use online surveys to capture all voices — the more voices you include the greater the chance of active support</li>
<li>Invite opposing and alternative views around Generative AI. It offers potential for true disruption — the impacts are wide-ranging. Listening to alternative viewpoints helps law firm leaders understand the risks and rewards — and offers the opportunity to gain new perspectives.</li>
<li>Embrace strategic discipline</li>
</ol>
<p>Learn how law firm leaders are thinking about strategic planning and the process in our brand-new complimentary white paper <strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://www.legalbizworld.com/_files/ugd/b30d31_5ab74cae490641e3a4bf9bff76061e02.pdf" target="_blank" rel="noopener">Dissecting the Process Strategic Planning 2024</a></span></strong> and you can read more <strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://www.linkedin.com/search/results/all/?fetchDeterministicClustersOnly=true&amp;heroEntityKey=urn%3Ali%3Afsd_profile%3AACoAAACI01cBpW_ek7tihbGoIrVMlLySNpfzwTE&amp;keywords=patrick%20j.%20mckenna&amp;origin=RICH_QUERY_SUGGESTION&amp;position=0&amp;searchId=2d2e2bcc-4c72-4007-9297-e644c207140f&amp;sid=100&amp;spellCorrectionEnabled=false" target="_blank" rel="noopener">here</a></span></strong>.</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/law-firm-leaders-tackling-13-strategic-issues-4-dominate">Law Firm Leaders Tackling 13 Strategic Issues — 4 Dominate</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>Top Mad Clientist Posts of 2023</title>
		<link>https://bticonsulting.com/themadclientist/top-mad-clientist-posts-of-2023</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Thu, 11 Jan 2024 03:38:55 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[AmLaw 100]]></category>
		<category><![CDATA[AmLaw 200]]></category>
		<category><![CDATA[Attorney Satisfaction]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[business development strategy]]></category>
		<category><![CDATA[Client Feedback]]></category>
		<category><![CDATA[Client Relationships]]></category>
		<category><![CDATA[client retention]]></category>
		<category><![CDATA[Client Service]]></category>
		<category><![CDATA[client service excellence]]></category>
		<category><![CDATA[improving culture]]></category>
		<category><![CDATA[law firm business development]]></category>
		<category><![CDATA[law firm client service]]></category>
		<category><![CDATA[Law Firm Culture]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm marketing]]></category>
		<category><![CDATA[law firm rankings]]></category>
		<category><![CDATA[law firm reputation]]></category>
		<category><![CDATA[law firm SEO]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[legal industry trends]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Legal Marketing Insights]]></category>
		<category><![CDATA[litigation rankings]]></category>
		<category><![CDATA[most searched law firms]]></category>
		<category><![CDATA[pitching]]></category>
		<category><![CDATA[pitching skills]]></category>
		<category><![CDATA[proposal strategy]]></category>
		<category><![CDATA[Rankings]]></category>
		<category><![CDATA[RFPs]]></category>
		<category><![CDATA[talent management]]></category>
		<category><![CDATA[talent recruitment]]></category>
		<category><![CDATA[Talent Retention]]></category>
		<category><![CDATA[thought leadership]]></category>
		<category><![CDATA[thought leadership marketing]]></category>
		<category><![CDATA[top law firms]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=38056</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/top-mad-clientist-posts-of-2023">Top Mad Clientist Posts of 2023</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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	<p>Client ranking of law firms, BD hacks, and client service topped the most popular Mad Clientist posts of 2023. Use these to drive growth, retain clients, and improve the culture.</p>
<p>Each post still offers new insights and strategies. Here are the top posts of 2023 in 2 groupings:</p>
<h2><strong>Ranking and Ratings</strong></h2>
<div style="height: 8px;"></div>
<h4><span style="color: #0000ff;"><strong><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/the-46-firms-most-feared-in-litigation">The 46 Most Feared Firms in Litigation</a></strong></span></h4>
<p>Top legal decision makers and attorneys alike want to know what it takes to be fearsome — who is fearsome and what it means. This is a direct result of the tremendous growth in complex litigation and new and novel cases. Clients want the most feared firms on their side.</p>
<p>Learn more in the <strong>BTI Litigation Outlook</strong> and <a href="https://bticonsulting.com/bti-litigation-outlook"><strong><span style="color: #0000ff;">here</span></strong></a>.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/client-single-out-293-attorneys-delivering-the-absolute-best-client-service">The BTI Client Service All-Stars — Client Single Out 293 Attorneys Delivering the Absolute Best Client Service</a></span></strong></h4>
<p>Client service site at the epicenter of client relationships and better outcomes. This post pinpoints the attorneys delivering the absolute best client service — with no prompts, suggestions, or self-submittals, these are the only organic ranking of client service in the world — and top legal decision makers flock to it to see who is best.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/clients-single-out-law-firms-delivering-the-best-client-service-by-name">Clients Single Out Law Firms Delivering the Best Client Service — The BTI Client Service A-Team</a></span></strong></h4>
<p>A cousin to the BTI Client Service All-Stars, The BTI Client Service A-Team identifies the law firms delivering the best client service — all identified organically — with no prompts, suggestions, or self-submittals. Clients see who is best, and law firms learn how they perform on each of the 17 activities driving client service.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/31-law-firms-with-the-best-linkedin-engagement-by-law-firm-size">31 Law Firms with the Best LinkedIn Engagement</a></span></strong></h4>
<p>LinkedIn is quietly becoming the go-to source for top legal decision makers. Clients visit LinkedIn more than 2x as often as law firm websites. LinkedIn engagement drives client connection and inbound leads — the best kind. Learn how and why.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/58-law-firms-moving-up-market-in-litigation">58 Law Firms Moving Up Market in Litigation</a></span></strong></h4>
<p>Litigation is getting more complex. Clients face peak litigation loads. Moving up market continues to get harder and harder every year. These 58 firms managed to gain more client preference and improve their market position — an impressive feat as the litigation market only gets more difficult. Learn what they are doing and who they are.</p>
<h2><strong>BD, Client Service, and Talent:</strong></h2>
<div style="height: 8px;"></div>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/rfps-hit-a-screeching-halt">RFPS hit a Screeching Halt</a></span></strong></h4>
<p>Clients have little time for RFPs. They take a lot of time and yield little. Top legal decision makers are quietly using fewer RFPs to bring in new law firms. They are relying more on peer referrals and thought leadership to find only the best talent. Clients issuing RFPS are looking for law firms with new ideas and approaches.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/17-top-reasons-lawyers-dont-call-their-clients">17 Top Reasons Lawyers Don’t Call Their Clients</a></span></strong></h4>
<p>It&#8217;s easy to find a reason not to call a client. Learn the most popular reasons and start a campaign to remove these self-imposed obstacles.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/10-1-of-attorneys-report-toxic-culture-how-many-are-great">10.1% of Attorneys Report a Toxic Culture — How Many Are Great</a></span></strong></h4>
<p>Culture is getting more of its day in the limelight. Learn about the 4 types of law firm cultures and what to do to improve the culture of even the best firms based on more than 1,000 responses to our workplace and attorney satisfaction survey, attorneys.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/6-tactics-to-immediately-improve-your-pitches-and-proposals">6 Tactics to Immediately Your Pitches and Proposals</a></span></strong></h4>
<p>Your pitch is more important than ever as clients are more open to hiring new firms than they have been in decades. Learn the specific tactics you can take right now to stand out and land the work right during the pitch.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/9-q4-business-development-hacks">9 Q4 Business Development Hacks</a></span></strong></h4>
<p>The last quarter of the year offers unique business development opportunities. You can also see these early in the 1<sup>st</sup> quarter — as in now.</p>
<h4><strong><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://bticonsulting.com/themadclientist/the-6-phrases-clients-want-to-hear-from-you">6 Phrases Clients Want to Hear from You</a></span></strong></h4>
<p>Words matter — they go beyond sharing and knowledge. They impact which attorney gets hired, it also defines the client experience. Learn the words clients think make the most impact — and how they impact you.</p>
<p>We will discuss the impact of all of these topics and new issues for 2024 in the <span style="color: #0000ff;"><a style="color: #0000ff;" href="https://register.gotowebinar.com/register/2205008331942519901"><strong>BTI Market Outlook and Client Service Review webinar</strong></a><strong>.</strong></span>  Learn where clients are spending, the law firms clients recognize as the Leading Edge Law Firms — and so much more. This is a sell-out event — register below!</p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/top-mad-clientist-posts-of-2023">Top Mad Clientist Posts of 2023</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>
		<category><![CDATA[Client Relationship]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[Law Firm Culture]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm marketing]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[legal consulting]]></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>Best in the market ahead –</p>
<p>MBR<br />
<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="208" height="36" 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: 208px) 100vw, 208px" /></p>
<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>The Big New Source of New Clients – Beats Website Traffic by 2 to 1</title>
		<link>https://bticonsulting.com/themadclientist/the-big-new-source-of-new-clients-beats-website-traffic-by-2-to-1</link>
		
		<dc:creator><![CDATA[BTIConsulting]]></dc:creator>
		<pubDate>Thu, 24 Aug 2023 10:29:44 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[generative AI]]></category>
		<category><![CDATA[laterals]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm marketing]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[legal consulting]]></category>
		<category><![CDATA[legal leaders]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Marketing Strategy]]></category>
		<category><![CDATA[Talent Retention]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=36674</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/the-big-new-source-of-new-clients-beats-website-traffic-by-2-to-1">The Big New Source of New Clients – Beats Website Traffic by 2 to 1</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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	<p>Your LinkedIn firm site shows more insight and personality into your firm than any website can.</p>
<p>Law firm LinkedIn Pages are the new all-encompassing showcase for law firms – anyone can look and listen without risk – and get the snapshot they want.</p>
<p>Here’s why:</p>
<ul>
<li>Your posts, likes, and comments on your posts reveal deeper insights into the firm and its thinking</li>
<li>Your activity level is a proxy for how engaging you are when you work with a new client or lateral</li>
<li>It also shows what new ideas you might bring</li>
</ul>
<p>This explains why corporate counsel visits to Law Firm LinkedIn pages outnumber visits to law firms’ websites by just over 2 to 1. The numbers look like this:</p>
<ul>
<li>83% of clients visit LinkedIn as part of their work routine
<ul>
<li>more than half visit daily</li>
</ul>
</li>
<li>37% of corporate counsel visit an average of 1 law firm website per week – almost all go directly to attorney bios – the remainder visit sporadically
<ul>
<li>11% visit law firm websites only after visiting the LinkedIn page</li>
</ul>
</li>
</ul>
<p>Look for the gap to grow and favor LinkedIn law firm pages. It’s time for law firms to go all in.</p>
<p>LinkedIn law firm pages offer one-stop shopping for everything corporate counsel want to know:</p>
<ul>
<li>Legal developments</li>
<li>Partner movement</li>
<li>Firm news</li>
<li>Marquee matters, cases, transactions they worked on – and what the reader can learn from it</li>
<li>Follower comments on firm posts including:
<ul>
<li>The content of the comments – are they insightful and provocative</li>
<li>Who is making the comments – reflecting the company your firm keeps</li>
</ul>
</li>
</ul>
<p>And clients are starting to look on LinkedIn before going anywhere else for details such as:</p>
<ul>
<li>Rankings and accolades</li>
<li>More detail and context around Pro Bono initiatives</li>
<li>New offices</li>
<li>Lateral group acquisitions</li>
<li>Promotions outside the attorney ranks</li>
</ul>
<p>Corporate counsel know stunningly little about their law firm – and their appetite to know is rapidly growing. They know the practice their partner delivers and then the specific knowledge base dries up. Clients know the generalities – but not enough specifics to hire them for a new practice.</p>
<p>LinkedIn law firm pages are the latest law firm battleground. As many law firms realize this as don’t – leaving enormous opportunities to boost engagement, lead flow, quality lateral interest, connection to the firm and so much more.</p>
<p>LinkedIn will do more to – and for – your brand than law firms realize.</p>
<p>BTI just finished a 3-year study on law firm LinkedIn performance – we meticulously gathered all the details about the Am Law 200 plus the large international firms. We compared and contrasted all of them along 6 key metrics. Then – we ranked the law firms by size cohort:</p>
<p style="padding-left: 40px;"><em>Am Law 30+<br />
</em>The 30 largest law firms in the Am Law 200 for 2022 plus 5 large international law firms</p>
<p style="padding-left: 40px;"><em>Am Law Mid One Hundred<br />
</em>The law firms ranked 31 to 100 in the Am Law 200 for 2022</p>
<p style="padding-left: 40px;"><em>Am Law 2<sup>nd</sup> 100<br />
</em>The law firms ranked 101 to 200 in the Am Law 200 for 2022</p>
<p>The results reveal a wide spectrum of performance and investment. You can access a <strong><a href="http://www.bticonsulting.com/bti-benchmarking-law-firm-linkedin-performance">press-quarantined version or learn more here</a></strong>. I will be writing more about the results in the coming weeks. Stay tuned.</p>
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	<p>Best in the market ahead –</p>
<p>MBR<br />
<strong><span style="color: #212f64;">The Mad Clientist</span></strong></p>
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<p>The post <a href="https://bticonsulting.com/themadclientist/the-big-new-source-of-new-clients-beats-website-traffic-by-2-to-1">The Big New Source of New Clients – Beats Website Traffic by 2 to 1</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>9 Hacks to Creating Great Thought Leadership</title>
		<link>https://bticonsulting.com/themadclientist/9-hacks-to-creating-great-thought-leadership</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Wed, 16 Aug 2023 21:57:50 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[BTI Research]]></category>
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		<guid isPermaLink="false">https://bticonsulting.com/?p=36519</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/9-hacks-to-creating-great-thought-leadership">9 Hacks to Creating Great Thought Leadership</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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	<p>You can develop outstanding thought leadership without ever posting a thing. Write just for yourself. Don’t show it to anyone until you go through the following 9 steps to bring your thought leadership up to where you want it to be — attracting new and existing clients — and enjoying the process. I recommend the following 9 hacks:</p>
<h5 style="margin-bottom: 5px;"><span style="color: #333399;">Write a Haiku — every day for 30 days</span></h5>
<p>Train yourself to write short, concise thoughts. Over time you will learn to connect your thoughts in new ways. You will learn to create short, thoughtful, and easy to read content. The more you practice, the more natural it will become. The haikus also become fun to write.</p>
<h5><span style="color: #333399;"><strong>Don’t write without a subject line</strong></span></h5>
<p>Start with a premise. Drive to the premise. Take turns if you need to — and go back and change the subject line. Starting thought leadership of any type and size without a clear direction is likely to leave you wandering with your words.</p>
<h5><span style="color: #333399;"><strong>Look for unique words to use</strong></span></h5>
<p>Use words you don’t see often. Your writing will look different from everyone else — a key element in getting noticed and read. AI bots can be helpful as can a thesaurus. Set a goal of 2 novel words per piece.</p>
<h5><span style="color: #333399;"><strong>Don’t publish — practice for 20 days to 3 months before thinking about publishing</strong></span></h5>
<p>Get your sea legs first. Write for yourself. Don’t let it see the light of day. But just start writing. The more you write, the closer you get to developing your voice and rhythm. You also gain the benefit of developing a good inventory of thought leadership pieces.</p>
<h5 style="margin-bottom: 5px;"><span style="color: #333399;">Go back — review and improve</span></h5>
<p>Wait 3 days to review your writing. Go back and look at it with fresh eyes. You will immediately see how and where to make small improvements — with substantial impact.</p>
<h5><span style="color: #333399;"><strong>Challenge yourself to write in a unique style </strong></span></h5>
<p>Try unique styles on. How does it make you feel — how does it sound? You will inevitably like some of what you see and adopt it. This approach also has the benefit of helping you think about the subject matter in a new light.</p>
<h5><span style="color: #333399;"><strong>Put it in an AI Bot — but don’t use let them rewrite</strong></span></h5>
<p>Ask your favorite AI Bot what they think of your piece. Ask them to make it better. Review the suggested changes which usually serve to dilute the piece — but you will find 1 or 2 amazing insights you can include.</p>
<h5><span style="color: #333399;"><strong>Publish</strong></span></h5>
<p>Place your thought leadership on LinkedIn and repurpose it at least 7 times to catch a good audience. You may not feel ready, few authors do. You will learn more from posting — and posting again.</p>
<h5><span style="color: #333399;"><strong>Rinse and repeat</strong></span></h5>
<p>Plan to use these hacks on a continuing basis. They work for novices and the most advanced thought leaders.</p>
<p>Thought leadership will only continue to gain more client mindshare as they look for answers and flock to LinkedIn — stay tuned for more on this. Start writing today or start tomorrow. Starting is the hardest step — and then making it a part of your routine is the 2nd hardest. Only then does it get just a tad easier. And then, the inbound leads start to flow.</p>
<p>Please send me your Haikus if you are so inclined.</p>
<p>My Haiku for today:<br />
Give your words power<br />
Invest time for the reward<br />
The world wants your voice</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/9-hacks-to-creating-great-thought-leadership">9 Hacks to Creating Great Thought Leadership</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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		<title>New Lateral War Over the Best CMOs</title>
		<link>https://bticonsulting.com/themadclientist/new-lateral-war-over-the-best-cmos</link>
		
		<dc:creator><![CDATA[Michael Rynowecer]]></dc:creator>
		<pubDate>Thu, 10 Aug 2023 03:41:19 +0000</pubDate>
				<category><![CDATA[The Mad Clientist]]></category>
		<category><![CDATA[BTI Research]]></category>
		<category><![CDATA[Business Development]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[generative AI]]></category>
		<category><![CDATA[laterals]]></category>
		<category><![CDATA[Law Firm Leaders]]></category>
		<category><![CDATA[law firm marketing]]></category>
		<category><![CDATA[Law Firms]]></category>
		<category><![CDATA[legal consulting]]></category>
		<category><![CDATA[legal leaders]]></category>
		<category><![CDATA[Legal Marketing]]></category>
		<category><![CDATA[Marketing Strategy]]></category>
		<category><![CDATA[Talent Retention]]></category>
		<guid isPermaLink="false">https://bticonsulting.com/?p=36492</guid>

					<description><![CDATA[<p>The post <a href="https://bticonsulting.com/themadclientist/new-lateral-war-over-the-best-cmos">New Lateral War Over the Best CMOs</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
]]></description>
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	<p>Partners weren’t the only ones swapping firms. CMOs were just as active as the attorneys — maybe even more. Our new LinkedIn research about law firm CMOs reveals all the changes. We took a deep dive in each of the last three years to track how law firms and their CMOS are doing.</p>
<h5 style="margin-bottom: 5px;"><span style="color: #333399;">The Numbers Give Law Firms a Reason to Pause:</span></h5>
<ul>
<li style="list-style-type: none;">
<ul>
<li style="padding-bottom: 7px;">28% of CMOs changed firms</li>
<li style="padding-bottom: 7px;">Of this 28%, 1/3 were promotions and 2/3 were lateral moves</li>
<li>Another 18% left the legal world</li>
</ul>
</li>
</ul>
<h5><span style="color: #333399;"><strong>The Biggest Reasons for the Changes:</strong></span></h5>
<ul>
<li style="list-style-type: none;">
<ul>
<li style="padding-bottom: 7px;">Compensation</li>
<li style="padding-bottom: 7px;">New challenges</li>
<li style="padding-bottom: 7px;">Perceived a more welcoming environment</li>
<li style="padding-bottom: 7px;">Unappreciated in current role</li>
<li>Leadership change at their existing firm</li>
</ul>
</li>
</ul>
<h5><span style="color: #333399;"><strong>Lasting Implications for Law Firms:</strong></span></h5>
<ul>
<li style="list-style-type: none;">
<ul>
<li style="padding-bottom: 7px;">A successful CMO will strive to execute their strategy — which can lead to significant improvements and drive new law firm behaviors</li>
<li style="padding-bottom: 7px;">Keeping a good CMO will be challenging as comp continues to rise</li>
<li style="padding-bottom: 7px;">More firms are investing in strategic marketing initiatives — they need talent to develop and execute successful marketing plans</li>
<li style="padding-bottom: 7px;">The best CMOs need two years to get their sea legs — demanding patience and investment in the process from law firms</li>
<li>Law firm leaders will embrace their CMOs — giving them a voice and implicit authority to act —an amazing strategy for retaining talented individuals</li>
</ul>
</li>
</ul>
<h5><span style="color: #333399;"><strong>More Than a Trend: Fundamental Industry Shift </strong></span></h5>
<p>The number of law firms cutting marketing staff and budgets is roughly equal to the number increasing their commitment. The cutters are making big bets they can stand up against firms investing. It is harder than ever to acquire and keep clients.</p>
<p>Clients have had substantial turnover — and 1/3 don’t know who their relationship attorney is. These firms are at risk. Only 21% of clients report having meaningful dialogue with their primary law firms outside of required case-related communication. These are serious obstacles to overcome — and a skilled, savvy CMO is one of the essential tools to remove these barriers.</p>
<p>CMOs are now part of the strategic battleground for market success. Their market value is up — as is their value to law firms. CMOs will go where they are most respected — and more CMOs know this than law firms. Until this equation reverses, look for the turnover rates to remain high.</p>
<ol>
<li style="list-style-type: none;"></li>
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<p>The post <a href="https://bticonsulting.com/themadclientist/new-lateral-war-over-the-best-cmos">New Lateral War Over the Best CMOs</a> appeared first on <a href="https://bticonsulting.com">The BTI Consulting Group</a>.</p>
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