Time to Read: 2 minutes
The first commandment of marketing is Know thy client! Client research is the key to knowing your clients. And the better you know your clients, the more successful you are likely to be in meeting their needs-along with your own.
Four concepts capture what today’s clients want: faster, better, cheaper and their way. There is no mistaking the message. The firm that can shave delivery and turnaround time, provide better quality, and tailor its services to the client’s precise needs is a firm to be reckoned with.
To gain an insurmountable edge on the competition, add one more dimension: first-class client care. It pays to provide outstanding client satisfaction (not just service) as part of the package you present to clients. In today’s service-sensitive, service-focused, service-centered economy, firms that offer high-quality client satisfaction keep clients 50 percent longer, have 30 percent lower business development and marketing costs and have about 12 percent higher net profits.
In concept, delivering quality satisfaction is simple:
This mission is easier to talk than walk. But you can make a go of it if you listen and understand your clients’ wants and needs, respond effectively to clients’ evaluations of their experiences with you, and discern what your clients will want in the future, which calls for an intimate knowledge of your clients’ wants, needs, and expectations.
Knowing your clients intimately means more than research. It means listening to, understanding, and responding to your clients’ evolving needs and shifting expectations, and often in unique ways. It means knowing their business so well that you can anticipate problems and opportunities, and work together on solutions and strategies. So, listening and responding to clients must become everyone’s business.
How can you foster the kind of intimacy that creates long-term loyalty among clients? Start by seeing client matters not as a random collection of experiences, but as relationships built on trust, knowledge, caring and experience.
Clients are no longer shapeless, featureless, mass markets. They are specific, narrow groups with their own unique personalities and views of what constitutes quality service. What clients want, how they want it, and how they do or don’t get it, add up to a service-satisfaction index that determines whether they’ll continue doing business with you. You need a rich, constant flow of fresh, timely information about your clients and how they view your services today.
Jeff Wolf, is known as one of the country’s top business development coaches, is a highly sought after consultant and has worked with hundreds of attorneys to become successful rainmakers.
He has been featured on NBC, CBS, CNBC and FOX, is a commentator for the Legal Broadcasting Network and is the author of two books and numerous articles.
As founder and president of Wolf Management Consultants, LLC, he has built a valued practice that addresses the critical problems confronting lawyers and law firms today in the areas of business development, career development, skill development and firm development.
Contact us today to help grow the business development skills of your attorneys: email@example.com or in our San Diego office 858-638-8260.
DID YOU KNOW
According to a report from Overflow Legal Network, almost 46 percent of associates leave their firm within the first three years, and 81 percent leave within the first five years. This has a direct impact on the profitability of your firm.
One of the major reasons is a lack of a successful mentoring program.
Let us help you retain your valuable associates, which are the future of your firm, through our unique Mentoring Program.
Contact us today at firstname.lastname@example.org or in the San Diego office at (858) 638-8260.
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