Breaking down business development barriers for the legal profession

Breaking down business development barriers for the legal profession

It goes without saying that no one joined the legal profession to become a salesperson. You studied, trained and sweated to become a solicitor to advise your clients so they can achieve what they want for their business or in their personal lives. 

The only problem is that in the 21stCentury the requirement for lawyers to be able to bring in new work is now a must have, not a nice to have.

The legal market has changed massively since the credit crunch hit in 2008. You not only have your traditional competition to worry about, but there is a raft of also new market entrants to contend with. You have the constant conveyor belt of newly merged firms hitting the market, brand new boutiques being launched by high profile practitioners from some of Britain’s best known firms and then there are the ‘Big 4’ accountants who are now promoting their own legal practices.

As a result, the legal market has never been as crowded or as competitive. This means every lawyer needs to take business development seriously or face losing the fragile market position you’ve worked so hard to create.

That, I promise, is the end of the doom and gloom! 

Busting the business development myth

While business development might not be something you are completely comfortable with, the good news is the myth that business development has to be all about networking which means it has to be about formal networking events is nonsense. If it is only the thought of having to walk into a crowded room full of faces you don’t recognise that’s kept you from getting involved in winning new work (and I’ll be honest, those types of events aren’t my bag either), I’d like to share a few alternatives here that may suit you much better.   

Having worked with the professional services for more years than I care to remember I’ve learned that choosing the activities that suit your personal skills and preferences best is absolutely paramount to successful

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:
Doug is a director of Size 10½ Boots, a specialist business development agency that works solely with the professional services. In addition to helping law, accountancy and IP firms grow by refreshing the way they approach marketing and business development Doug is also the author of ‘The Visible Lawyer’ and ‘Package, Position, Profit’. ​