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Although it
may be true that some lawyers can never become successful rainmakers,
it is also true that most can be trained to become reasonably proficient
at generating business, and a firm's management can foster that
proficiency with the proper training system.
All the lawyers
interviewed for this article underscore three marketing tactics
that are effective in building a practice:
(1) Network
as much as possible, because the law is a service business contingent
on problems and probabilities;
(2) Publish
in your practice area to build credentials; and,
(3) Lecture
as often as you can at a variety of functions and committees, legal
and nonlegal.
Interestingly,
although not surprising, each lawyer interviewed put a premium on
professionalism and enthusiasm in the legal work itself.
Ego Drive Gene
Dr. Larry Richard,
a partner at legal consulting firm Altman Weil, was a litigator
for 10 years before getting his doctorate in organizational behavior.
His doctoral research was based on a study of lawyers' personalities
nationwide. He subsequently conducted research on the personality
traits that make a person a good rainmaker.
Dr. Richard
characterized personality as a series of comfort zones, and while
there is no rainmaking gene, there is a trait, ego drive, that appears
to be more prevalent in successful rain makers.
Ego drive is
characterized as a need to persuade another person of something.
While an attorney with high ego drive feels very comfortable persuading
others, and hence will naturally be a good rainmaker, those with
lower ego drive can generate business, but they will not be as comfortable
doing it as those with a stronger ego drive.
However, even
if you do not have the ego-drive gene, you can adopt some simple
strategies, such as targeting a specific community, which almost
anyone can do.
Michael D. Ditzian,
managing partner of Davis & Gilbert, cites his firm's long-standing
involvement in an industry sector - advertising and public relations
- as the cornerstone for its success. Being known within these fields
has led to speaking and writing assignments and has also allowed
the firm to sell itself as "general counsel" to this class
of clients.
Also, cross-selling
is the underpinning of the firm's growth. Intrinsically, cross-selling
tells a client that the firm members trust one another in the same
way that clients look to trust lawyers as counselors, helping them
make good judgments, not just laying out legal alternatives. In
Mr. Ditzian's opinion, new hires have to be willing to work as good
team players and be enthusiastic about practicing law, and have
to exude the confidence that bolsters the client relationship.
Tips to Build
Practice
Ethan Horwitz's
firm, Darby & Darby, specializes in intellectual property issues.
Mr. Horwitz points to three links in building a practice:
* Quality work,
which he characterizes as the basic requirement;
* Developing
and nurturing relationships with people before you can expect them
to give you work, and;
* Getting your
name out there by publishing and speaking frequently.
Mr. Horwitz
is the author of three multi-volume treatises on intellectual property
as well as several articles. He has also lectured in the United
States and abroad.
While Mr. Horowitz
feels that luck plays a part in rainmaking, he said lawyers are
in charge of their luck. To change you luck you simply increase
the number of relationships you have. It is a simple matter of increasing
your probabilities.
Proud to
Discuss Work
Also, being
a people person, or extrovert, always helps.
Bruce I. Goldstein,
managing partner of Newark's Saiber Schleshinger Satz & Goldstein,
said he likes being a lawyer "because he likes to help people."
In his opinion, prospective and current clients look for attorneys
who are problem solvers, a trait evidenced by their capacity to
be good listeners and to spend time understanding the client as
an individual. This mix of professional skills and a true interest
in people provides the leadership qualities that Mr. Goldstein's
firm tends to seek and foster.
The key seems
to be a knack for developing a client base by being proud to discuss
one's work with, and to listen to, prospective clients.
Small-Firm
Challenge
However, none
of those interviewed seemed to articulate the challenge of developing
a client base in a small firm better than Richard Kestenbaum, a
partner in the three-partner firm of Kestenbaum Dannenberg &
Klein and chair of the Small Law Firm Management Committee at the
Association of the Bar of the City of New York.
In Mr. Kestenbaum's
opinion, lawyers in small or solo practices must understand that
they are running a business, even if it is one that provides a professional
service. This means paying attention to financial reports, such
as those dealing with cash flow and accounts receivable. Also, educate
yourself on trends in the business world in general, and in the
clients' world in particular.
Without a firm
business manager or marketing director, Mr. Kestenbaum said that
small firm lawyers need to take these roles on themselves. Be alert
to every opportunity to network, get to know, and take an interest
in, as many potential clients as possible, and listen for opportunities
to let others know of your talents - not necessarily by being pushy,
but in a professional, understated manner that Mr. Kestenbaum characterizes
as the "velvet glove" approach.
While salesmanship
is a way of life for many of us, those who succeed seem to know
how to adapt the enduring tactics of successful rainmaking skills
to a changing market.
© Copyright
2002, The Success Group
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