Use this infographic to get 5 inexpensive tips that will help you to grow your solo law firm!
Growth is a core objective for any solo lawyer, yet only about a third of small businesses make it past the first 10 years, according to the Bureau of Labor and Statistics. Starting your own law firm is no small task on its own when you consider that literary everything is on your shoulders. But growing your firm takes even more. It requires that you have a clear set of long-term business goals that are cost-effective but still have a high ROI.
A large reason why some solo law firms struggle to expand is that they don’t always know which cost-effective techniques will help them get more clients without creating massive time commitments. Many factors certainly have to be considered: Marketing capabilities; the bandwidth of your current sales funnel; the location of your practice; your ability to find new potential clients; your technological resources and so on.
But while the specific growth best practices of every firm will depend on the nature of its clients, there are several common-sense steps that can substantially improve any solo law firm’s expansion efforts.
To help get you started on the cost-effective growth path, the pros over at Comerica have built this infographic, detailing 5 different strategies you can put into action for your solo law firm right away. Take a look for yourself and see what opportunities you have been missing when it comes to inexpensive growth techniques.