It’s pivot time. Corporate counsel are downshifting to get into high gear for year end. This pivot is a rare mix of planning, action, and near-term goal setting. It is also the perfect storm for attorneys to develop business.
Here are 15 high-octane business development tactics especially powerful this time of year:
- Ask what your clients see as mission-critical year-end needs – every client faces year-end needs – many of which surface right now
- Advise them of your rate increase – early notice allows clients to plan for increases instead of retrofitting law firm increases in 2025
- Ask how management pressure has shifted over the last year – this will drive your client’s legal strategy and needs
- And ask how they will shift in the 4th quarter?
- Propose a plan outlining how you will help your client over the next year – include names, dates and times of the resources you plan to use. Ask your client to comment and refine.
- Share efficiencies you have learned from other clients
- Ask your partners what they are seeing at their clients in terms of risk and year-end pressures – share with your clients and other attorneys
- Are they planning to hire any in-house staff – and for what. This will give you a sense of need and direction.
- What’s on your radar for risk or trouble – the world is filled with risk – learn how clients see their own and position yourself to help
- Offer year-end CLE/training – many clients face CLE requirements – make it easy for them to meet
- Ask about special reports needs – Management will want to understand risk, upcoming risk and status of key matters outstanding. Articulate the risk and place it in context.
- Ask clients if they are feeling any budget pressure or concern
- Learn and share how your client’s competitors are engaging in M&A, joint ventures, spin-offs, major licensing deals, or key hires – share this insight with clients who rarely look at the world this holistically
- Confirm goals for long-term matters – you may be surprised
- Lay out a plan to ensure your client can hit the ground running in 2025 – help with planning and prioritizing
- Ask your client how they are using Generative AI – whether you are a fan or not – always best to know – and perhaps learn from what clients are doing
Put it in Writing
We recommend preparing an unsolicited proposal to help in key areas. You can ask clients how you can help all day long – but it lacks the gravitas of a written proposal. And clients will comment and tell you how to make your proposal more relevant – engaging them in the process.
Few attorneys will jump on this opportunity – making your actions stand out even more. You have a rare opportunity to help clients, develop a stream of business, and become the standard against which others are measured. The lucky few will gain the kind of advantages others envy.
Your Year-End Power Play
The clock is ticking, but opportunity is knocking. These 15 tactics aren’t just a checklist – they’re your blueprint for dominating the year-end rush and setting the stage for a killer 2025. Engage your clients, showcase your value, and position yourself as their indispensable resource. This window doesn’t last forever.
Best in the market ahead.
MBR