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  • When does a hot lead go cold?

    by Liz Jackson | May 09, 2012

    I am often astounded by the responses I get when I express interest in a company or a product through a website. Sometimes I get no contact from the company at all, which speaks volumes about that company and is likely to result in me never showing interest in them or their products again.

    Sometimes I get contacted a few days later which again makes me think that I’m nowhere near the top of their priorities as an interested hot prospect.

    Other times I get a call almost immediately from someone really keen to talk to me about my areas of interest and how the benefits they can bring that can help me address my issue.

    This is equally true of all other marketing methods where the response from the companies doing the marketing can be very variable.

    It seems bizarre to me, particularly in this day and age, that marketers often put out great and effective marketing programmes using a range of techniques, but the process of responding to the enquiries stimulated by those enquiries just doesn’t carry the same urgency.

    We all know that hot leads don’t stay hot very long these days with the many pressures business leaders are under. We also all know that new prospects are unlikely to only be looking at your solution and are more likely to be looking at a number of options to make comparisons of price and performance. The one company that responds quickest and most positively to leads and enquiries often ends up in pole position to win the business.

    Think of a lead like this; if your average order value, or value of a new customer over the first year is, say, £10,000 and every 10 leads or enquiries result in a new order or new customer, then EVERY lead or enquiry that you treat right is worth £1,000. Focuses the mind a bit huh?

    1 Comment
  • In the chair with... Mark Slade

    by Graham Ford | Apr 26, 2012

     Mark Slade is Managing Partner of Fidler & Pepper Solicitors. He qualified as a solicitor in 1989, and became a partner in 1990. Up until 1999 he ran the Domestic Conveyancing department. In 1999 he gave up the conveyancing side to concentrate on running the web business.

    In April 2002 he took over as Managing Partner.  His hobbies include fast old cars and surfing. He is married with three daughters, and is very, very tired.  He wants to travel the world, meet all kinds of interesting people and be kind to small furry animals.

     


    How would others describe you in three words?

    This has taken a long time to work out - I know different people will look at me completely differently:

    Determined.  Arrogant.  Approachable.

    What has been your best professional moment to date?
    When we found out we were in the Sunday Times top 50 best small companies to work for. 

    What has been your worst/most embarrassing professional moment to date?
    Before I qualified I went on a hearing for assessment of a file for someone else. They'd forgotten to keep a copy of the file so I was doing something I'd never done before, without the necessary documents to answer any questions. After about 10 minutes of questions to which I had no answer the judge threw the file at me literally and ordered me to come back again with the person who owned the file.

    Tell us about one surprising thing you’ve learned since becoming Managing Partner?
    The amount of personal worry you have to absorb, and also the power of sharing that worry with your partners - in terms of how helpful it is to discuss the problems with them.

    If you hadn't chosen Law, what do you think you'd be doing with your life?
    Something business and IT related - on-line businesses - possibly linked to cars - I'm a real petrolhead.

    If we looked in your desk’s top drawer, what would we find?
    A mess containing one-off documents I'll never need, business cards, a shaver, stapler, and paperclips.

    Go comment!
  • Can Non Executives contribute to better performance and management in law firms?

    by John Thomas | Apr 24, 2012
    Non Executive Directors (NEDs) have long been a common feature in the make up of Boards in companies large and small. They are also widely used in the NHS, mutual organisations and not-for-profit concerns.

    But until now they have rarely been seen in professional practice.

    Could that be about to change? 

    In the legal sector where change is being driven by new entrants, the formation of ABS’ and new investment into firms, what could an NED bring to assist the leaders of law firms of the future?

    Here are some suggestions:

    • Support and strengthen the firm's management and provide an independent view
    • Bring wider business experience and thinking to the firm
    • Make a contribution to business planning, strategy and policy making
    • Objectively assess the firm’s performance making recommendations for improvement
    • Be an outside voice to challenge current thinking and practice
    • Possess the gravitas to stand firm when he/she believes Partners/Directors are acting in an inappropriate manner
    • Have the skills and experience to advise management when difficult decisions need making and communicating
    • Often provide excellent connections to third parties who could be useful to the business e.g. financial sources, IT providers and potential clients
    • Could provide a degree of comfort to suppliers, bankers and funders

    It is important that NED’s are focussed on matters at the Partnership or Board level and should not become involved in the day to day operations of the business. The Partners/Board should seek their opinion and guidance on matters of complexity before agreeing to sign off on key issues e.g. a senior appointment, remuneration policy or compliance issues.

    An outsider such as a NED may have a more objective view of external factors affecting the business than the partners and will not be afraid to comment and contribute accordingly in the longer term interests of the business.

    If law firms are considering making such appointments it is important they do so to add value and experience to the business.  NED’s should be appointed to bring particular experience not currently available to the Partnership/Board, be seen as impartial with wide ranging experience and with personal qualities of the highest level.

    Market forces and competition will drive change in the legal sector and with that will come the need for new thinking, new structures and better management in law firms. Non-executives can bring added dynamism and flair to the new breed of the future. I predict we'll see a lot more NED appointments in the short to medium term as firms broaden their focus and strategy in order to compete.

     

     

     

    2 Comments
  • IT issues for mid size firms

    by Helen Hamilton-Shaw | Mar 30, 2012

    An adbridged version of this article appeared in the May issue of Managing Partner Magazine.

     

    Helen Hamilton-Shaw is director of services with leading law firm network LawNet.  She reports on the role played by IT in strategic and practical terms amongst the network’s independent law firm members, which range from £2m to £15m turnover.

    Information technology is set to be a game changer as we enter the new era of post-LSA markets, where commoditised services are likely to push an increasing number of legal service transactions online. 

    For the mid-sized, independent firms that make up LawNet, we are seeing customer-facing offerings that range from online wills to mobile apps targeted at employers. 

    But while online sales may be the headline grabber, it’s just as likely to be the backroom infrastructure and practice management solutions that are exercising management teams, according to our research.

    It’s certainly the case that your IT must support your business in the delivery of excellence to clients.  If your systems don't match up, the client experience is likely to be damaged.

    Using technology to achieve efficiencies and reduce costs has massive potential for law firms and I anticipate they will be making much more of this in future. 

    Similarly, there are risk and compliance advantages.  An Information Technology plan is an essential part of our required ISO standard, the LawNet Quality System, and similarly on the Lexcel joint accreditation route we offer, but that’s a minimum requirement for any firm worth its salt these days.  Any decent system will make it easier to evidence compliance; and intranets make it easier to circulate policies and procedures to keep staff up to date and properly briefed.

    Many of the resources and services we provide to LawNet member firms are online or IT based – whether it’s webcast training for professional development; our portal for risk management processes; or serviced offerings for document archiving, online precedents, case law and marketing communication software. 

    My job involves a degree of second-guessing to develop new services that will be ready and in place when our firms realise they need them, but we also regularly research with members to better understand their challenges.  

    We usually drill down to the most relevant contacts through our 28 specialist groups, which are dedicated to sharing inter-firm information on both professional and practice issues.  These include a practice management and IT group, which we canvassed recently to identify common themes. 

    Infrastructure

    In terms of physical equipment, a number of our firms have made the move to cloud solutions and will be sharing their experiences at our next practice management IT day, although the majority in our survey sample were fairly evenly split in their choice of virtualised or local servers, with software provided on a local PC or through their own server. 

    For  Martyn Bateman, practice manager at Breeze & Wyles in Hertfordshire, the last year has seen the virtualisation of user desktops with thin client desktop terminals linked to a main server.  He said: “This is ensuring consistent functionality across the firm, has much reduced our help desk time and is proving more efficient.”

    At Harvey Ingram - recently merged with Borneos to create a £20m firm with 350 staff operating across the Midlands and Home Counties - integration and consolidation of systems from the two firms has been the main focus for the past year.  According to Tim Percival, business development director, IT has to be at the heart of the firm’s strategy:  “Growth, different sites, consolidation - all factors that cry out for IT solutions and inevitably much of our focus has been internal over the last 12 months.  The quality and speed of inter-office connections was a crucial factor, but most important was the recognition that IT is crucial to integrating the businesses and an appropriate level of investment is essential.” 

    The firm has undertaken a penetrating review which has helped them to set out a route map for the next 18 months, and will completely refresh the infrastructure with new switches, pipes and server provision.  Tim added: “Our issues are the same as smaller firms within LawNet, albeit ours may be a little more complex because of our size and geographic coverage.  We all need a robust, secure system which can cope with the future commoditisation of legal services, good client services, and connections into social media and the outside world.”

    At Mogers in Bath, managing partner Steven Treharne has gone for virtual servers.  “If we were bigger or smaller, cloud solutions would have been a cost-effective option. Instead, we’ve taken a five to seven year approach - our new servers will work for us in that timeframe, after that we can probably go for cheaper options which will suit the business at that time.”

    Mobile working

    Also on the agenda at Mogers is a move to mobile working, with laptops that can be docked throughout the building, taking the shift away from dedicated desks and fixed PC’s, in a move that’s intended to enable better use of physical space as the firm grows.

    In the open plan, single floor offices of George Davis in Manchester, the shift has already taken place.  The firm is operating on a considerably reduced floor space with its customer-focussed team approach.  Making the shift from traditional department divisions has led to a bench seat working environment – a version of ‘hot desking’ – with a communal approach to computer equipment.  The firm reports a huge boost to productivity since the changes, with billings up 17% after nine months, compared with the previous year. 

    These shifts are being reflected in firms across LawNet, although change is at an early stage according to our research, which shows that only 15% of fee earners are using laptops, and the figures is almost non-existent for support functions.    Similarly, in terms of remote working there is a huge variety in attitudes.  In our research, the number of staff enabled for remote working ranged from 100% to just 1%.

    Software

    When we asked our firms how they are putting this hardware to work, customer-focussed case management and practice management systems were high on the agenda.

    In today’s market, there are many high performance, integrated all-in-one solutions for practice, case and customer relationship management as such systems have shifted from the specialist sphere to become an essential part of the overall business strategy, for our firms at least.  They can see that it’s a way of putting the client at the centre of things to ensure a consistently high quality experience.   

    At Harvey Ingram, they are about to implement a new practice and case  management system to provide a unified system across their sites.  “The final decision has yet to be made, but the most important thing is the lawyer interface and providing a familiar desktop to ease the transition,” says Tim Percival, “Also, we will look at the business processes such as expenses recording and time billing, to see how we can re-engineer them.  There’s no sense in simply replicating old practices.  It’s an opportunity to improve all round.”

    But there’s a word of warning for those on the path to change from Mogers, having introduced a similar system in recent months.  Says Treharne:  “The financial investment is one small part.  What we underestimated was the time we had to invest to get a system that truly satisfied our ambitions.  It’s been tough, but now we have the right platform for the future, including our next step of going paperless.”

    The paperless office is already well established at Fidler & Pepper in the East Midlands, where managing partner Mark Slade is also an accomplished software designer.  One of the first firms in the country to embrace online solutions, they introduced a fully functioning online case management back in 1998 and have significantly updated since.  According to Mark Slade, it’s been a game changer.  “These IT developments have taken us from our roots, as a traditional high street firm, to become a bigger player, playing quite a different game.” 

    Web developments

    Such innovations can indeed be a major differentiator in the online experience for customers, as this sphere of interaction becomes increasingly important.  Gone are the days when you put a passive ‘who we are’ website online and promptly forgot about it.  For every firm, it’s about how they can set themselves apart through a customer-focussed online presence. 

    At Vanderpump  & Sykes in North London, their analytics showed that page views were increasingly being made on smartphones, so they developed a mobile version of the site, with large buttons, less text and simplified navigation.

    For Mogers in Bath, their web presence has taken them into international markets, with a specialist expat offering, and they recently launched an iPhone App for employment law updates.  But for managing partner Steven Treharne, what is most important is fronting the website with the real people that make up the firm.  “We focus on relationship-driven advice and for our model to be successful post-LSA, we must have excellent people and they have to be front of house.  Relationships are made ‘person to person’ and our website does not use clichéd photo stock images for that reason.”

    Keeping things fresh is also vital.  North West firm Cullimore Dutton totally restructured their web site last year with an improved content management interface to allow easier news updating and other content and have seen a boost in their Google search rankings as a result. 

    The firm is also making use of the Certainty wills register, one of LawNet’s package of online outsourced services to improve customer interaction.  James Goddard, associate with Cullimore Dutton said:  “This is a great opportunity to reach out to potential clients and a strong marketing opportunity with our existing client base, to offer the new service and ensure that they are up to date with their own wills.”

    Online legal services

    The delivery of online legal services is certainly growing, but the picture is still taking shape. It’s over a year since we signed an agreement with Direct Law’s Epoq service to offer their online drafting solutions to our member firms.  At Mogers, the Epoq product is being considered as an internal resource, to enable more junior staff to follow a script.  As Treharne says:  “We can’t directly compete with the huge commoditised firms that are coming, nor do we want to.  We’re a mid market firm and need to be focussed and play to our strengths, but we have to be conscious of the cost of production”

    Elsewhere, other firms such as Breeze & Wyles are seeing good results and are planning to use the Epoq products online as a direct service for clients.  Said Martyn Bateman:  “We have been working on improving our website functionality for clients, such as the ability to complete wills and contracts directly through the website.  A secure verification system is next, so that clients can access more of their data online.”  Others are developing their own bespoke solutions.  Harvey Ingram has devised a range of online products with added-value customer services wrapped around them, including a telephone helpline service.  The firm reports good results for its most recent online employer product, which has attracted a number of interesting new clients.

    Electronic CRM

    The other important focus reported by firms is in customer communications – including email marketing – as they recognise the clear marketing advantages delivered by more sophisticated database content, as well as the right delivery solution.  

    Breeze & Wyles are looking at how to improve client communications with a news distribution system that links directly to the contact database.   Nicholsons are weighing up the options for a CRM add-on for marketing communications, and at Mogers, the marketing plan for the coming year includes a bigger role for social networking. 

    “We tinker currently,” says Treharne.  “We are looking at how customers want us to communicate with them.  That may mean more email marketing, but we need to clean our data first, segment properly and fill in the gaps. It’s a big opportunity, but internal efficiencies need to drive developments, to give reliable data over time.”  

    Back at LawNet head office, an improved online presence is top of my list too.  We are approaching the completion of a new internal network communications solution.  It is effectively a country-wide intranet and will enable us to deliver training and document sharing, as well as the growing array of risk management tools we are developing for members.  It will also extend the LawNet community online and it is a big project for us.

    Alongside, I’m developing other services which I hope will helps firms to keep pace in the fast-shifting legal sector.  These include serviced client satisfaction and performance benchmarking, and an online Learning Management System - something we hope to offer to enhance staff retention, training and compliance.

    Whatever comes next, information technology looks set to be high on everyone’s agenda.  As Harvey Ingram say: “Our route map equates to a significant investment for us over the next 18 months, but we’re confident we will see the right return.”

    Go comment!
  • In the chair with... Edward O'Rourke

    by Graham Ford | Mar 28, 2012

    Edward O’Rourke, Corporate & Commercial Partner, Ashton KCJ

    Edward is the Head of the Corporate & Commercial Team. He is an experienced panel lawyer, principally acting on behalf of global banks and has also acted for both the region's largest businesses and small start-ups. Edward's experience of commercial contracts includes agency agreements, franchise operations, distribution agreements, joint venture relationships and a wide range of trading terms and conditions.

    He can also advise directors and shareholders on their rights and duties and dealing with succession planning. He is Chairman of the Company Commercial Committee of national law group LawNet.


    How would others describe you in three words?

    Stupid adrenalin junkie.

    What has been your best professional moment to date?
    Building a team.

    What has been your worst/most embarrassing professional moment to date?
    As a trainee leaving client files on the roof of a car and driving off (files were retrieved complete with tyre marks).

    Tell us about one surprising thing you’ve learned since becoming Partner?
    Aconcagua is the highest mountain outside of the Himalayas.

    If you hadn't chosen Law, what do you think you'd be doing with your life?
    Mountain rescue.

    If we looked in your desk’s top drawer, what would we find?
    Lunch.

    Go comment!