Check Out Our Top 10 Blog Articles!
Law Firm Suites provides weekly blog content to help equip solo attorneys and small law firms with tips and tricks for their firms. On this blog, we have gathered the top 10 must-read articles regarding revenue building and growth. Continue reading and see the benefit of this content.
Mismanaging Customer Reviews Can Tank Your Law Firm’s Revenue
Client reviews are so essential to the growth of your firm. It only takes one bad review to sway a potential client from reaching out to you. How you handle your reviews, negative or positive, will play a role in your firm’s success. Sometimes a potential client will only have your Google profile, website or your social media account to go by when determining whether or not to procurer your service.
6 Ways To Leverage Client Experience For Revenue Growth
Client experience is critical because it increases revenue and reduces consumer churn. If a law firm is to stand out, it should focus on enhancing client experience to strengthen client loyalty. Enhancing client experience is not a simple affair particularly for law firms with operations abroad. For this reason, law firms with international operations must hire the services of an international PEO that will take care of the company’s human resource functions as well as help to reduce operational costs in the firm. If you are wondering whether client experience impacts revenue growth, you should know that it does.
Realistic Methods to Increase Your Law Firm Revenue in 2020
In order to function efficiently and ensure justice for its clients, it is important for a law firm to operate profitably, as only then can attorneys provide unmatched services. For lawyers, law firm profitability dictates their overall practice as it stands as a primary goal for the business. Growth of a law firm, particularly revenue growth, is the most important aspect that governs profitability. As per Law Practice Today, law firm profitability is a crucial management task that influences strategic management decisions.
How Lawyers can Increase Revenue by Decreasing Busy Work
Wasting time in your practice can limit your income potential, or even worse, it can destroy your firm. Follow these tips to make sure that doesn’t happen to your practice. Lawyers who start practices are often amazed at how much administrative work is involved in running a practice, especially if their last job was at a firm where these tasks were handled for them. It can be downright intimidating.
How To Save Time & Money With Deposition Summaries
Any legal case or litigation involves deposition. It plays a crucial role in the handling of witness testimonies. Over the last few years, there has been a steady rise in the use of deposition summaries. Deposition summaries offer a plethora of benefits that paralegals now find very useful. However, it’s not an easy job to prepare an effective deposition summary. Hiring deposition summary services for you would solve a lot of your headaches.
3 Tips For Establishing Yourself As The Expert For Your Niche Practice Area
When trying to build up your practice and differentiate your firm, your ability to serve a specific niche will greatly improve the likelihood of success, longevity, and success for your firm. When you can position yourself as an expert in your particular niche, you gain greater trust for your brand and you have few competitors going after the same clients. Continued efforts at establishing your expert authority can have lasting results for your solo or small law firm. A recent study from Lucidpress found that “consistent presentation” can increase revenue by an average of 23 percent.
Focus On These 4 Types Of Content To Grow Your Law Firm
In today’s digital world there is one marketing truth that remains unchanged. Content is king. Your potential clients want information, no, they need it. They are not going to hire a lawyer without doing their research first. You can expect they will have already studied up on not only the legal matter at hand but also on you, your firm and the competition around town as well. That is why your firm needs to be putting out relevant content that not only showcases your expertise as a lawyer but who you are as a person as well.
Lawyers Working In An Office Are Getting Ahead Of Their Competition And Here’s Why
It’s not uncommon for new solo or small firm lawyers to work remotely, using virtual offices for their professional business addresses while actually working from home or a coworking space. But at the same time, lawyers who work in an office or shared workspace definitely appreciate the subtle benefits of working in the same place as other lawyers and professionals. Which leads to the question, if it’s available, why would anyone choose not to work in an environment that is going to help accelerate your firm’s success?
What To Do When Your Firm Is Close To Losing A Big Client
There is nothing more nerve-wracking to a solo or small law firm than the prospect of losing a major client. Of course, all business relationships come to a close at some point, but especially with our larger clients, the thought of losing the security blanket that comes with them can be terrifying to most solo and small firms. It isn’t difficult to know when things are rocky (or at least have some sort of gut feeling that something is off) and we can tell that the relationship might be drawing to an end. So if you get this feeling, what should you be doing? Follow these six recommendations to help manage the potential loss of a big client.
Stats I Use To Review My Practice Each Quarter
I use a tool called Lexicata to help me manage leads. Lexicata has made it so much easier to track data on all my new clients. I can see how many new clients I’ve converted over the past quarter, where they came from, the type of case they had, and how much revenue they brought in. This is this most important info I collect. By analyzing this information I can see which referral sources and marketing efforts are working best. Which helps me focus my Q2 marketing strategy on those channels.