The Increasingly Important Web Site

I hope you are enjoying the holiday season. A few days ago, Amazon.com surprised a lot of people (including me) with record holiday sales, despite the economic climate. I think this underscores two very important points. First, consumers are increasingly price sensitive and Amazon has done an excellent job of delivering value at reduced prices. Second, it is compelling evidence that consumers are increasingly embracing technology to conduct business and that the Internet is not only facilitating offline business, but in many instances replacing many aspects of it.

This is why, more than ever, organizations can no longer afford to throw up a Web site that simply touts products and services. Web sites are becoming 2 way streets, that allow companies to interface with customers, through the collection and distribution of information.

At a minimum, ask yourself the following questions:
How does your Web site capture information from your visitors?
Do you have a sufficiently compelling proposition on your Web site to capture incoming leads on your Web site? In other words, what are you offering to visitors in exchange for sharing their contact information (other than your services)?
Does your Web site focus only on the features of your services, or do you clearly communicate benefits and/or savings that your prospects are looking for.
Countless studies have found that emotion plays a large part in the purchasing process. Even the most rational and analytical buyers are influenced. How does your Web site leverage this?
What steps have you taken to ensure that the information you posted is consistent with what your prospects are seeking?
What activities do you engage in to nurture the leads generated via your Web site? Do you have a process for this, or do you follow up arbitrarily?

Tip: Your Web site is becoming an increasingly critical lead generation tool, irrespective of the business you are in and appearance is much less important than function.

If you would like some free tips on ways to improve your Web presence, contact me today at jzissu1-litigation@yahoo.com

Blogging Secrets... Revealed

The list of reasons why bloggers blog is fairly vast and some of the benefits may come as a surprise. When I first heard of blogging, I naively assumed that it was something that self-centered people with too much free time did... and now here I am... hmmm.
OK, should you consider a blog and if so why? My answer is... it depends... so why do bloggers blog?

1) Search Engine Traffic
According to search engine gurus the return on your marketing investment for natural search can blow pay per click away. Blogs promoting your business or law firm can dramatically enhance your search engine position listing. This one should be reason enough for many plaintiff's lawyers looking to cast a wide net for claimants. I managed search engine optimization for a law firm advertising company back in 1999 and had the opportunity to see how powerful of a marketing tool this was, even 10 years ago. Today, with the keyword price inflation of pay per click (particularly for terms such as "Personal Injury" or "Asbestos Litigation" or "insert harmful drug name here" - you get the picture Trial Lawyers...) Should you have a blog for this purpose? The answer is: the bigger your organization is and the more critical search is in your overall marketing mix, the more likely you will need to give blogs serious consideration, as part of your overall strategy.

2) Position Yourself as an Industry Expert
If you write enough about what people want to read, they will come back. If they come back enough, you may find that one day you will actually be seen as an expert in your field. In fact, I think my mother is fairly convinced that I am an industry luminary in the litigation marketing field and sends my blog to all her friends and co-workers, so if you happen see her, please let her keep thinking that I am important...

3) Social networking with a group sharing common interests
This one is fairly straight forward. Chances are you are probably reading this because you have some interest in the litigation world, or in getting some tips on improving your marketing.

4) Cost-effective Promotion
Web sites cost money - blogs are free. They are also very easy to use and do not require a high degree of technological aptitude.

5) Communicate Message to Broad Audience
You publish a post once and the content is there forever for anyone to find. Blogs are also cumulative. The more you post the stronger your blog becomes. 20 posts are 10 times more likely to be found than 2. It is virtually impossible to not see a considerable increase in traffic if you commit to posting on a regular basis.

There are many other reasons for blogging, but these are some of the most common. Remember, Tip: Blogging is highly cost effective, but you need to be persistent to see results. It's not for every organization, but it can make a huge difference in certain organizations. If you would like to know whether a blog is appropriate for your firm, e-mail me at jzissu1-litigation@yahoo.com

More Recession Wisdom

I came across a very interesting report on marketing during a recession. It is a more elaborate and substantiated take on some points I had made in a recent post.

http://www.mb-blog.com/Images/Recession_POV1_Final.pdf

Whether you are a law firm or vendor in the space, putting the brakes on your marketing during the recession will cripple your business in the long term, particularly if you are operating in a highly competitive environment.

If you are a vendor and are in the business of cost savings, or directly helping firms acquire or retain business, there is no better time to get aggressive than now. If you can tie your offering to a concrete financial value proposition you will greatly improve your chances of getting the business.

Marketing, Operations & Your Litigation Practice

In today’s competitive legal environment, litigation frequency is gradually, but persistently decreasing and technology is completely redefining competitive advantage in both marketing and operations. As a result, litigation firms that lack the foresight to adapt will inevitably be forced out of the marketplace by organizations with more innovative and aggressive business practices.

While competent legal representation leading to favorable outcomes remains the key benchmark upon which litigation firms are measured by their clients, organizations of all types are finding innovative ways to reduce costs, and to increase profits by improving the return on their promotional initiatives. Once firms have ensured that they have the legal talent necessary to succeed, they must turn their attention toward two key areas of opportunity for competitive differentiation: operations and marketing.

Most firms today are completely inundated with the requirements of running a legal practice and often fail to dedicate sufficient time and resources on building the appropriate business infrastructure to ensure sustained growth and competitive advantage. Many such firms have grown through considerable reliance on quality of relationships of one or more partners. This overreliance on the brand of a particular individual poses multiple potential threats, or opportunities, depending on one’s perspective.

First, when the markets face recession like conditions, price sensitivity is heightened. This is a major opportunity for efficient organizations to capture market share from competitors by either offering a comparable offering at a better fees, or offering additional value through enhanced technological capabilities.

Next, there is considerable risk that the departure or loss of a key firm member can have considerable potential impact on firm revenue. By establishing greater brand equity in the firm itself, an organization may partially insulate itself from such a threat. Large and prominent corporate firms such as a Skadden Arps, or a Wachtell Lipton, Rosen & Katz, often recruit lawyers from other firms, or even merge in entire departments. The strength and prominence of their brands allow new firm members to benefit from the overall reputation of the firms.

Now, these firms did not build their brands overnight. They established them over decades and decades of quality representation and continual commitment to excellence. The good news is that today’s market is much more dynamic and competitive and your business can achieve much more in a far quicker time by implementing cutting edge marketing and operational strategies.

As a smaller firm, you may not have the same firepower (read capital), but thinking about your processes like the big firms do will keep you one step ahead in the game. Here is a partial checklist you may want to go through in your mind as you consider how your firm stacks up against the competition in the areas of marketing and operations:

Marketing

• How do you highlight your firm’s successes to existing clients and/or prospects?
• What do your regular client touch points look like, outside the ordinary course of handling your case?
• How do you measure the overall financial return on your marketing expenditures?
• If you deal with repeat client business (plaintiff’s firms typically excluded), what is the lifetime value that the average client brings to your firm?
• How much does it cost you to bring that client in?
• Do you have a process for capturing information for and following up with business leads (Web site visitors, inbound calls, RFPs, event participants, exhibit booth traffic, random leads)
• What steps have you taken to provide your staff with better sales and client service skills?
• Do you have a cost-effective marketing process for continually staying in front of your key prospects until they are in a position to contact you?
• How are you leveraging new technological capabilities in your marketing efforts? Online surveys? Electronic newsletters? Social media focusing on your areas of expertise?

Operations

• Is there a more cost-effective solution to handling your firm’s redundant tasks?
• Does your technological infrastructure maximize staff efficiency and provide management and clients with transparent data?
• How do you handle temporary surges in labor requirements caused by considerable case loads?
• Is your firm able to perform around the clock?
• Do you have clearly defined roles and responsibilities and processes in place

Tip: The most successful businesses focus on their core competencies and seek out assistance in areas outside the scope of their expertise. If you are a law firm, practicing law is yours. Remember, putting a plasma tv in your office is an expense. Spending capital on cost reduction initiatives, or on improving client acquisition and retention is an investment.

Now for the shameless self-promotion... LitigatorEdge will help you take your business to the next level by improving your firm's operational and marketing performance. Contact me at jzissu1-litigation@yahoo.com if you would like to discuss your needs further.

Legal Process Outsourcing & Litigation Technology Trends - Interview with Shree Laxman of Law Allies

We have a very special posting lined up for today. I had the opportunity to interview Shree Laxman, the President of Law Allies, which is a client that I have worked with. Law Allies is a leading provider of technology, outsourcing and consulting services, specializing in the claims / litigation domain.

Q. Shree, you have worked with many progressive litigation firms. Can you tell LitigatorEdge readers, what is it that these firms do right technologically?

A. Law Firms, like many other businesses, have to understand the changing paradigm of operations in this day and age. Law firms have to be open 24/7 and attorneys need to have access to cases 24/7 and from anywhere. The thing that most successful law firms do right, is to ensure total control over their information, at all times, ubiquitously.

Q. In your opinion, what are the most critical technology elements for a plaintiff's firm?

A. Access to their information from anywhere anytime is the most critical element for a plaintiff law firm. The firm needs to have a case manager application online, and all documents should be electronic. The system should be able to "talk" to other applications like court calendars, investigation agencies, medical document retrieval systems, etc... This Web capability allows the firm to not only have presence in the immediate state, but anywhere in the US, or beyond.

Q. How about for a defense firm?

A. For a defense firm, billing is a crucial element. The traditional way of billing, which involved sending out a monthly bill, by having the attorney, paralegal and secretary dedicate time to this, is an inefficient and laborious approach to this task. The technology should be able to track in "real time" the tasks that are performed by attorneys and paralegals. Also, there is great competition between defense firms and they need need to be able to showcase their case winnings and statistics to insurance companies and other clients. Currently, many defense firms do not have a good in house library of their cases, because they lack a consolidated case management system.

Q. We hear so much negative publicity about the outsourcing of call centers and how this can adversely impact customer service for large corporations. Is it really possible for a litigation firm to improve its customer service by outsourcing functions? If so, which functions are most outsourceable for litigation firms and how does this work?

A. Outsourcing is often confused with "offshoring". The concept of outsourcing is to concentrate all resources and efforts on core functions, while not getting distracted with expenses and efforts on non-core functions. There is only one universal way of being profitable. Profits equal income minus expenses. By analyzing a firm's operations', non core functions can be identified and optimized and these functions can be outsourced to companies that specialize in these functions. Doing this can considerably increase a firm's revenues while decreasing expenses.

Q. Our blog readers appreciate how important client relationships are. What are some of the technological steps a law firm can take to improve client relationships?

A. In this day and age, access is everything. A firm has to be accessible and operational 24/7. There is no reason for a firm to be fixated by the old age model of 9-5 and confined to a single office location. A client should have access to the firm, its cases and be aware of any changes in status of its cases at all times and from any location.

Q. How can plaintiff's lawyers leverage their internal technology to become better marketers?

A. The evolution of technology in today's world has gone from Web 1.0, which was a pure plain Web site acting like a visiting card to Web 2.0, which is a service and interactive application like online banking, policy and claims handling by insurance companies. A majority of law firms and health care providers still have not embraced a Web 2.0 model and some have not even gotten to the point of Web 1.0. Plaintiff's lawyers can no longer think only in terms of having a Web presence. They need to provide a better service and better access to their clients in order to keep up with the times and with competition. The referral systems need to mature also to take advantage of the collaborative marketing - for example Google referral.


Q. You have been working with some of the most prominent litigation firms in the industry for some time now. What have you learned about working with these firms that you can share with other vendors who wish to partner with litigation firms?

A. The companies need to evolve toward service based models rather than product based models. Across the horizon, even the heavy weights of product companies like Microsoft have made a push toward Office Online and Microsoft MSN Platform. It is just a matter of time before old paradigms of product based sales will be outdated.

Well, many thanks to Shree for his valuable insight. In summary, [Tip:] make sure to keep up with technology trends if you want to keep up with the competition.

For more information on technology and outsourcing solutions that your firm cn leverage or, if you have any specific questions for Shree, please e-mail me at: jzissu1-litigation@yahoo.com.