Last week, we delved into some methods for leveraging your law firm or referral networks to provide additional value. Building on that theme this week, we’re going to look at three opportunities to develop fertile ground for further relationship and business development within your networks, among your clients, and within your jurisdiction.

Content

As a recommendation for building relationships within your networks, we suggested co-authoring articles on areas of mutual interest. Of course, content doesn’t end here – law firms are already fairly expert at producing a fair amount of content, whether it’s articles, blog posts, podcasts, video, client alerts, etc. You can start to leverage content from your fellow network members in a strategic way that will benefit both of you. Continue Reading 3 Tactics to Squeeze More Value Out of Your Law Firm Network

Around this time last year, HighQ posed this question to a number of legal industry leaders:

What do you believe lawyers and law firms need to do to prepare for the future of legal services?”

This resulted in an interesting and in-depth e-book that delved into a variety of answers, many of which overlapped and all of which challenged us to be and do better. Although the pace of the legal industry tends towards the glacial, I am curious, a year later, to learn how everyone believes we’re progressing, and whether with an increasing focus on AI, a shift in the way we believe legal services themselves will be practiced and transmitted to the next generations of lawyers, and even the entities that are delivering those services, what we now believe lawyers and law firms should be doing to prepare. I suspect that the majority of us (and data reflects this) will say that change is not some far off idea in the future – it is NOW. But that means both that there are things that lawyers and law firm should be doing at present to accommodate the shifting legal landscape in order to remain competitive, and preparations that they will be making in the future – and it’s both of those things I’m interested in hearing about from all of you.  Continue Reading Back to the Future…Law Firm

Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network.

For our latest interview, we chose ILN member, Michael Samuel of Miller Samuel Samuel Hill Brown LLP in Scotland.

In one sentence, how would you describe your practice?
A bespoke niche practice offering quality and specific services to clients at competitive rates.

Who would be your typical client?
Not easy to categorise, but we like to act for successful business entrepreneurs, medium to high net worth individuals, and for quoted and unquoted companies.
Continue Reading ILN-terviews: Michael Samuel, Miller Samuel Hill Brown LLP

Like with any relationship, the relationship you have with your law firm network will give back what you put into it. (This is true for any informal referral networks too, by the way)

While we wholeheartedly advocate that you join a network with the goal of being able to better serve your clients by offering them a broader level of expertise, and a vetted source of trusted partners around the world at a moment’s notice, we recognize the reality that many firms, of course, are also interested in receiving referrals, and working together with their fellow members to develop new business. While it’s a nice idea to think that you can join a network, tick a box, and sit back and watch the work roll in, the truth is that unless you’re in a jurisdiction where business is naturally incoming, this is unlikely to happen unless you put in some work. The network can and will help you facilitate your relationships with other members and will supercharge your networking and business development efforts, but there are some key strategic steps you can and should undertake to leverage your network membership. These ideas can also be applied to any informal referral networks that you may have.  Continue Reading Leverage Your Law Firm Network for More Value

Artificial Intelligence: the number one topic for discussion among my lawyers when we ask them about future and current trends in the legal industry. Or as they like to refer to it, “technology.”

While a few people are still talking about it like it’s something that’s going to happen or will affect us in the future, the majority have accepted that AI is already here. Whether they’ve adopted certain pieces of it (see this discussion we had earlier in 2017 on AI), or they’re still trying to figure out what it means for their firm, there are some standard questions and ideas that law firms, lawyers, and other legal professionals should become comfortable with, if you’re not already.

To aid in this process, the Legal Marketing Association has been providing some additional resources on AI, and brought together some of the top minds in LMA to host a Twitter chat last week on the “Next Big Thing: Artificial Intelligence.” While I’d argue that it’s more just “The Big Thing” since it’s already here and being adopted by firms, and more importantly, their clients, the discussion was a robust one, with some excellent food for thought. The following is my summary of the discussion.  Continue Reading Artificial Intelligence: What Law Firms Need to Know

The ILN is proud to announce our latest firm of the month, PETERKA & PARTNERS, Czech Republic, Romania & Slovakia!

PETERKA & PARTNERS is a leading independent full-service business law practice with a special commitment to Central and Eastern Europe.

Operating 9 wholly owned offices across the region in the Czech Republic, Slovakia, Poland, Bulgaria, Romania, Russia, Ukraine, Belarus and Hungary, the firm is seamlessly integrated and provides clients from different industry sectors with a pan regional service and a single point of contact, maintaining a broad vision for all their regional assignments.

A pioneer among Central and Eastern European law firms in expanding abroad, the firm pools its own entrepreneurial experience and authentic business know-how to offer special added value to clients looking to set up and expand in the Region or to develop their operations in several countries.

Continue Reading ILN Firm of the Month – PETERKA & PARTNERS, Czech Republic, Romania & Slovakia!

Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network. For our latest interview, we chose ILN member, Andrey Zelenin of Lidings Law Firm in Moscow, Russia.

In one sentence, how would you describe your practice?
Advising business in Russia on all aspects of the Russian law.

Who would be your typical client?
Russian and international companies primarily from such industries as pharmaceuticals and healthcare, IT&Electronics and FMCG.

What would you like clients and potential clients to know about you?
That I’m down-to-earth, responsible, optimistic and go above and beyond to get the results.
Continue Reading ILN-terviews: Andrey Zelenin, Lidings Law Firm

I’m excited to bring you a guest post today from Wendy Merrill, who classifies herself as the Chief Rainmaker, Dot-Connector, and Growth Engineer at StrategyHorse Consulting Group. Wendy reached out to me a couple of months ago on LinkedIn, and when we talked on the phone, we connected right away, so I’m sure you will all find her to be as smart and forward-thinking as I do. In her post, she’s jumping into a sensitive topic that many of us tiptoe around in legal, but should be tackling head-on, that of succession planning.

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Succession planning is a frequent subject in partner meetings, as well as a bit of a hot potato. Continue Reading Modern Succession Planning: Sustainability is in the “Heir”

For those of you who’ve been regular readers of Zen, you may know that I’m a fan of social media marketing for lawyers. Last year, Anthony Marrone, II, Esq. sent me a copy of his book, The Social Media Marketing Blueprint for Lawyers, and I really should have gotten around to reading it before now. Whether you consider yourself a social media maven, or you’re still wondering what “the twitter” is, this book will offer you some valuable insights into how to successfully and effectively market your practice using some of the newest tools available. Obviously, since it took me a year to read it, there are a few updates that have come out since then that Marrone hasn’t covered, but for the most part, all of his recommendations and advice still holds true.  Continue Reading Book Review: The Social Media Marketing Blueprint for Lawyers

Most of us are familiar with a typical referral – a lawyer that you’ve built up a relationship with who has need of your practice expertise or a client with work in your jurisdiction will call you up and ask for your assistance. At times, they will pass your name directly to their client to contact you directly. In either scenario, it is a one-to-one relationship from one party to another.

This is the way that many firms outside of, and sometimes inside of, law firm networks view the referral concept and on which they were founded. Networks were developed to build cohesive, collaborative environments that foster the strong relationships that make these referrals possible. Globalization in the legal market in the late 1980s and beyond required either this model, or mergers with larger firms, or firms opening offices in overseas’ markets.  Continue Reading Driving Collaboration: Beyond the Traditional Referral for Mid-Sized Firms