Do you sponsor? (And WRA, resurrected)

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Do you know how to get the most from your sponsorships?

Getting in front of a group of potential clients can mean different things to different people.  These are some of the considerations I recommend you evaluate if you’re contemplating taking on a sponsorship:

  • Who will be present?  Potential clients or referral sources are good; the general public is less likely to produce measureable business results.
  • What recognition will you receive as a sponsor?  Will your firm name be on the signage, on the event website, on bags or t-shirts?  Will you be mentioned during the event itself?
  • What perks will you receive as a sponsor?  Look for opportunities to mingle with attendees at sponsored luncheons, coffee breaks, or cocktail parties.  You’re more likely to be able to meet selected participants if the sponsored event is not open to all comers.
  • Who will attend from the firm, and what is the strategy for making the most of the opportunity?  As usual, without a plan, your efforts are likely to produce little.  The strategy will depend on your business development goals, the nature of the event, the attendees, and more, but you must be able to identify at least the basic strategy before you commit to sponsorship.

Sponsorships aren’t dead, by any means, but it’s just a waste of money to take on a random sponsorship without a defined objective and a clear plan to reach that objective.

WRA, Resurrected!

Back in January, I launched a new weekly blog feature: the weekly rainmaker activity.  I described it this way:

One of the keys to being a successful rainmaker is making a habit of consistent client development activity.  I recommend that lawyer doing something designed to increase business every single day, whether it’s writing a 2-minute email, hosting an hour-long lunch, or attending an all-day industry meeting. I’m launching a new blog feature this week: the Weekly Rainmaker Activity.  I’ll offer a weekly business development task.  Those who choose to accept that challenge will make the time to engage in the activity of the week at least once.  If you’re so moved, please post a comment (anonymous is fine, of course) to let me and the other readers know what you’ve done this week.  Healthy competition of this sort can benefit everyone.

And then I started writing The Reluctant Rainmaker, thus effectively putting the blog on hiatus.  Ooops.  But now, it’s time to resurrect the WRA, and the first task will be posted Monday.

Fierce Conversations: Achieving Success at Work and in Life One Conversation at a Time

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Have you ever been in one of those deadly conversations in which a lot of words fly about and yet nothing happens?  Or when decisions are made and strategies are crafted, but everyone sitting around the table knows that nothing will actually change because everyone is talking around the real problem?  What a waste of time!

Fierce Conversations revolves around the “Mineral Rights conversation.”  This simple 7-step process can be used to get to the truth of a situation, create understanding about it, tackle the challenges in the situation, and enrich relationships in the process.  The seven steps (with some sample questions) are:

  1. Identify the most pressing issue.  What issue do we most need to resolve?
  2. Clarify the issue.  What is going on?  How long has it been going on?
  3. Determine the current impact.  How is this situation impacting me and others?  What do I feel about this impact?
  4. Determine the future implications.  What’s likely to happen if nothing changes?  What’s at stake in this situation, for myself and others?
  5. Examine your contribution to this issue.  How have I contributed to this problem?
  6. Describe the ideal outcome.  What difference will it make to resolve this problem?  What results will resolution create, for myself and others?
  7. Commit to action.  What’s the most potent step I could take to move this issue toward resolution?  What’s going to attempt to get in my way, and how will I get past it?  When will I take this step?

The critical tactic to make a Mineral Rights conversation a success is to ask questions and not to comment on the answers until you’ve completed step 7.  The reason is simple:  your goal is to interrogate (gently but fiercely — meaning powerfully, robustly, eagerly), to understand, and to assist in finding a solution.  This is your opportunity to listen and to provide uninterrupted attention, not to speak.  If your input is needed, you can provide it later.

And, as the author writes, allow silence to do the heavy lifting.  We’re often quick to fill a gap in conversation, whether from desire to show how much we know or to avoid uncomfortable silence.  Don’t do it.  Silence creates the opportunity to reflect on the situation — on the cause rather than the effect — and to appreciate its scope.  Reflection often yields new understanding that leads to action.

Imagine having a Mineral Rights conversation with a client, or having a modified version of it with a potential client.  Imaging having it with colleagues representing a client with you, with staff, or even with your family.  Take a step today and answer this question:  What’s the most pressing challenge you need to resolve?  If it’s a situation that requires input from others, with whom should you have the conversation?

Fierce Conversations also includes other tools, including an exceptionally useful model for determining decision-making authority, which I previously described on the Life at the Bar Blog.  Please click here to read that post.

The productive value of vacation

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I’m on vacation this week, sort of.  By “sort of,” I mean that I’m more or less alternating vacation and work days.  Today is a work day; tomorrow, I’ll be out playing.  The image to the left?  That’s where I spent part of Saturday and Sunday, reading some of the books that have been on my list for far too long — novels (I can now recommend Wally Lamb’s The Hour I First Believed) as well as business books (finally finishing Managing the Professional Services Firm, and I have a few more lined up as well).  I’m also doing some writing and client work on my “working vacation days,” and squeezing in some speaking as well.

A client asked me earlier today if I wouldn’t prefer to be fully on vacation or fully working.  Well, maybe.  I love my work, and it would be challenging to set it aside completely.  More notably, the truth is that I’m seeing some remarkable benefits from this “neither fish nor fowl” trip.  For example, I now have a long list of blog posts I’d like to write.  Same for newsletter articles.  You’d have to ask my clients to know for sure, but it seems to me that client meetings are going better than ever.  Why do you suppose this is?  Personally, I think it’s thanks to my vacation days.

You see, the last few months have been like sprinting a marathon.  I made the commitment to write a book in February and released The Reluctant Rainmaker in June.  I’ve been fortunate to have many speaking engagements over the past few months, and my client roster is growing.  A vacation has been overdue for some time now, and as my brain unwinds, the creativity is starting to percolate.

Recreation (for the purposes, pronounced re-creation) recharges, refreshes, re-energizes.  Without recreation, I (and you, and anyone you might imagine) become like an ignored pitcher of water.  Keep pouring out without replenishing the pitcher, and before long, there’s nothing left to pour.  To use time mastery terminology, recreation is a Quadrant II activity: not urgent, but important.  Absent extraordinary circumstances, no one will ever give you a deadline to take a vacation.

Fortunately, recreation isn’t limited to a vacation.  It can comes in short bursts (many consider a 15-minute meditation a quick and effective form of recreation) or in longer periods.  The key question is, what refreshes you?  What leaves you feeling as if you’ve replenished your “pitcher” of energy?  Identify several such activities (and snoozing in a hammock counts as activity for these purposes) and make sure you fit them into your schedule.  Yes, a long vacation is fabulous recreation — but it isn’t the only kind that will pay off with increased productivity upon your return.

Renewing lapsed professional relationships

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I gave a 1-hour presentation about rainmaking last week in the Chicago office of a large law firm, and following the presentation, a lawyer approached with a question: Is it ever too late to rebuild professional relationships that have languished?

The short answer is that it depends on the relationship. The deeper the relationship, the more likely it can be resurrected.  If, however, you meet once and fail to follow up, or if you follow up only once or twice, the relationship will lack the firm footing necessary to allow it to flourish following a period of silence.  That said, it never hurts to try to rebuild a relationship, particularly if your sole reason for reconnecting is to re-establish communication and not to seek a favor.

So, what can you do to rebuild a connection that has faded? The simplest, and often the most effective, approach is to do precisely what you would do with a friend you haven’t seen in a long time: pick up the phone and say, “I realized it’s been a while since we’ve spoken, and you’ve been on my mind.  Is this a good time to talk for a few minutes? How are things with you?  What’s new?”  If several months have passed since you were in touch with this contact, you may even begin the conversation by re-introducing yourself.  (This is where my recommendation to maintain a database of contacts proves especially helpful: you don’t have to try to remember when and where you met.)  You may experience a few awkward moments as your contact gets back into the connection, but most people will pick up relatively quickly.

If, like many lawyers, you’d rather do nine hours of painstaking document review without a coffee break than pick up with phone, you do have other options. For example, you might consider the following:

  • Send an email to reconnect. You might suggest talking by telephone and either arrange a time or let your contact know you’ll be calling.  While you’ll still have to pick up the phone, you’ve created an expectation that you will call, and chances are good that you’ll avoid an awkward beginning.  If you suggest that you’ll call, though, you absolutely must do so – or run the risk of looking like a flake.
  • Send an article or other resource that will interest your contact. The resource may address a legal or non-legal issue, but it must be tied in some way to a conversation you’ve had with the contact.  Attach a note that says, “I remember talking with you about [topic of resource] at [wherever you had the conversation] and thought of you when I saw this [resource].  Hope it’s useful!”  By doing so, you not only reconnect by offering assistance, but you do so in a way that will bring your conversation back to your contact’s mind and refresh the relationship.
  • Issue an invitation. You might invite your contact to an open house or to attend a CLE or other seminar of interest with you.  Be sure to attach a note, if you deliver an invitation by mail or email, saying that you look forward to reconnecting; this personal touch will indicate to your contact that your interest is genuine.
  • Seek out news about your contact. This may be a more challenging approach if you’re seeking to reconnect than to maintain a relationship, but it’s worth a quick search to see whether your contact has been in the news recently.  You may find news of a professional event (an honor awarded, a trial won, a leadership position attained) or a personal event (a new marriage, a new baby, a recreational or community activity).  Such news offers an ideal reason to get in touch again.

Take a few minutes this week to review your list of contacts. With whom should you reconnect?  Choose three to five people and reach out to them.  Building and maintaining your network is always a valuable activity, and keeping relationships alive will often pay off (often in unexpected ways) over time.

Law firm associates: are you on the team?

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At last week’s ABA meeting, I attended an interesting business development program titled Making Rain in a Drought.  Although the presenter had generated a full presentation with PowerPoint slides, the audience began asking questions fairly quickly and their questions became the focus of the program.

One question struck me particularly.  A woman stood and asked why the focus of business development is so thoroughly on the individual lawyer, when firms are (she asserted) moving toward a team-based model in which a client “belongs” to the firm rather than to a single lawyer who created and nurtures the relationship.  Given the significant revolving door among law firms, the questioner posed, does it really make sense to encourage the “lone ranger” style of business development rather than a team-based effort that features cross-selling?

The speaker responded (and I completely agree) that although the cross-selling/team-based model described by the questioner is appealing and sensible, it isn’t the current model.  Many lawyers view cross-selling as a great idea in theory but not in practice.  As a result, the individual, not the team or the firm, tends to assume the central role in rainmaking.  (Cross-selling done well is actually a benefit for everyone — client, firm, and lawyers — but the barriers are significant for a variety of reasons.)

 

Unintended consequences of the layoffs and firms’ handling of the current economic challenges will surely abound.  What is the proper balance between individual and team/firm?  This question may become one of the key questions that large firms and lawyers working in them must face.

Want to know a secret?

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I presented a Presidential Showcase Program at the ABA Annual Meeting today, titled Seven Secrets Every Lawyer Must Know to Thrive, Even in a Recession.  Mark Hansen of the ABA Journal posted a short summary of the program.  The presentation garnered some good questions from the standing-room only crowd.

 

Forecast calls for rain!

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Some readers have noticed the precipitous drop in posts that began early this year.  Perhaps you imagined that I was busy with clients (true!), that I’d lost interest in the blog (not true!), or that I’d run off for a Tahitian vacation (also not true — alas!).  In mid-February, the stars became perfectly aligned and I decided to write the book that’s been rolling around in my head for quite some time.  And less than four months later, The Reluctant Rainmaker: A Guide for Lawyers Who Hate Selling was born.
 
If you’ve ever recoiled at the idea of business development . . .
If you fear that you’ll come across as pushy or desperate in rainmaking . . .
If you’ve ever wished that you could just focus on practicing law, and not have to worry about getting clients . . . 
If you’ve ever put off rainmaking activity even though you know you need to do it . . .
If you’ve ever thought, “I’m a good lawyer, my clients like me, and I get good results for them, so why do I have to struggle so much to bring in new business?” . . .
Pull out your umbrella and read the book that I wrote just for you!  
Here’s what one lawyer has said about The Reluctant Rainmaker: A Guide for Lawyers Who Hate Selling:
“Fleming has written a definitive guide for lawyers who understand the importance of rainmaking but would prefer to focus their time on performing legal work.  Indeed, I think the book goes to the ‘reluctant rainmaker’ that is in all of us to some degree.  The Reluctant Rainmaker illuminates the connection between practicing law and growing a book of business.  With easy-to-apply recommendations for how to get the most benefit from business building activity, Fleming has offered a guide that every lawyer will be able to use with confidence.”
          – John L. North, Sutherland LLP
 
The Reluctant Rainmaker: A Guide for Lawyers Who Hate Selling is available for purchase today.  Get the full scoop and place your order now.

Want to make more rain? Be a better leader.

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Leaders are better rainmakers.  Bold statement, isn’t it?  But think about it.  Would you easily place your trust in someone who manages a team of worker bees who didn’t make much individual contribution – knowing that if the manager goes down, the team will at best miss a few beats?  Or would you select someone who is skilled in assembling a strong team and evoking high performance from its members?

A leader is more likely to show up for a meeting with a client or prospective client ready to ask questions.  Which is more impressive, someone who talks nonstop about the cases she’s won and the professional accolades she’s received, or someone who asks questions first to determine what’s needed and then offers how her skill and experience would serve to meet those needs?  Which behavior is more characteristic of a leader?

Clients generally hire lawyers, not firms, but clients count on the lawyers to assemble and run the teams necessary to get the business accomplished.  A leader is more likely to walk into a meeting with a prospective client and present not only his or her own professional experience, but also that of the team, complete with discussion of how the team as a whole would function to meet the client’s needs.  There’s a difference between a team leader who counts on the skill and expertise of team members and a legal hotshot who regards the team as merely a supporting cast.  Clients and potential clients (not to mention the team) will sense that difference.

Leaders have the emotional intelligence to establish strong relationships, even when something goes wrong.  Unfortunately, despite our best efforts, legal matters don’t always go the way they “should.”  Juries are notoriously unpredictable, case law changes, and unforeseeable events happen that derail strategies, no matter how carefully planned or executed.  Leaders tend to have the integrity to take responsibility when appropriate, and they have the discernment to focus on how to make things as right as possible under the circumstances.  By handling problems in this way, leaders tend to become trusted advisors rather than hired guns.

What part of your leadership development path is calling for focus so you can also improve your client service and business development skills?  Perhaps it’s your presence, since the way you hold yourself and the way you communicate both verbally and non-verbally can have a dramatic impact on how you’re perceived.  Perhaps it’s your self-management in the areas of time and energy.  Or perhaps you could be a more effective team leader, whether your team is the whole firm, a practice area team, a client matter team, or a project team.  Make the time to improve your leadership skills, and you’ll see client benefits as well.

Not sure where to start?  Read The Reluctant Rainmaker for an easy-to-follow step-by-step guide to developing the skills that will support your efforts.  If you’d like to move faster and further, please contact me to arrange a consultation.

What are your rainmaking priorities?

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“All things being equal, people will do business with – and refer business to – those people they know, like and trust.” This quote, from Bob Burg’s excellent book Endless Referrals, sums up why it is that relationships serve as the basis for rainmaking. It also clarifies what your priorities should be for business development. Focus first on those who already know, like, and trust you, and then seek to expand those sources of business. That order of approach dictates, in turn, the priorities that you should set as you work to develop your book of business.
1.    Priority #1: Current clients. Your current clients are your “low hanging fruit.” Your top priority should be providing them excellent client service. Consider these aspects of client service:
  • Communicate with your clients and observe their preferences for amount and kind of communication that they want.
  • Be responsive. Manage your clients’ expectations and ensure that your clients always know how to contact you or someone in your office.
  • Share bad news appropriately. Deliver the news as soon as possible. Explain the news, what it means, and advise the client about next steps.
  • Be reliable with cost estimates and billing.
  • Facilitate your work with your clients. Anything you can do to make it easier for your clients to do business with you is likely to be well received by your clients.
  • Spend time with your clients. Consider spending time with clients in a social setting or (where appropriate) by visiting their place of business to develop a more full understanding of their business.
  • Deliver extra value to your clients. By providing some assistance, promotion, or service to your client that is over and above the legal services you’ve agreed to provide, you demonstrate the importance you place on your client relationships generally and on that client specifically.
  • Conduct client satisfaction interviews or surveys. Unless you ask, your clients are unlikely to volunteer their level of satisfaction unless they’re dissatisfied to the point of considering terminating the relationship or effusive in praise.
2.    Priority #2: Former Clients and Referral Sources. The second priority for business development efforts is former clients and referral sources. These contacts already know and, presumably, like and trust you.
 
3.    Priority #3: “Warm” Potential Clients and Referral Sources.If you have some connection to a potential client or a contact who might be in a likely position to refer business to you, consider these individuals to be “warm” contacts. They don’t yet know, like, or trust you, but if you’re introduced by someone in whom they have confidence, you’re more likely to be able to develop a relationship with greater speed than without such an introduction.
 
4.    Priority #4: Strangers. Converting complete strangers into clients is by far the most arduous form of business development. It’s necessary to determine the potential client’s needs and to match your abilities to those needs – assuming that those needs aren’t currently being met by another lawyer – and, raising the level of difficulty yet further, the process of getting to be known, liked, and trusted begins at ground zero. While strangers do become clients, the path is typically longer and less direct that the path from warm contact to client. Wooing strangers should be the lowest priority task in business development activity because it has the lowest potential of yielding new business at any given time.

When you apply these priorities to your business development efforts, something surprising will happen. You’ll begin to view your billable work as a rainmaking activity as well as the heart of your practice. You’ll also begin to see relationships as the “must do” meat of your business development plan, and you’ll understand why you shouldn’t expect to move a new contact quickly from stranger to client. As a result, you’ll be able to stage the rainmaking work you do so that you put time in where it’s most effective. And over time, you’ll find that your business development work yields much better results.

Book Review

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The 29% Solution:  52 Weekly Networking Success Strategies
by Ivan Misner by Greenleaf Book Group Press

I heard a lot of response to last week’s suggestion that networking is the most important thing a lawyer can do to grow a practice.  A few disagreed with my assessment, but most responded by asking how to network well.  Some introverts mentioned their discomfort in walking into a room of strangers.  Others said that they’d tried networking but didn’t see good results, and wondered what went wrong.  And a few said they worried about being obnoxious or being cornered by pushy or mercenary people.

Although legal rainmaking is different in many respects from other kinds of sales, good networking encompasses a universally applicable system of skills and strategies.  This week’s book review, The 29% Solution, presents those must-take approaches and ideas in a simple, easy-to-apply yearlong program in which you take on one new skill each week through the year.  Do so successfully, and at the end of the year, you’ll join the estimated 29% of people who are separated from the rest of the world by just six degrees.

Section One sets out foundational steps such as setting goals for networking, blocking out time for networking, and creating a network relationship database to help you track the connections among your contacts.  By week seven, you begin to get into the meat of networking strategies with the “Top 10 Traits” of master networkers:

  1. Timely follow-up on referrals
  2. Positive attitude
  3. Enthusiasm/motivation
  4. Trustworthiness
  5. Good listening skills
  6. Commitment to networking 24/7
  7. Gratitude
  8. Helpfulness
  9. Sincerity
  10. Dedication to working one’s network

Section Two recommends ways to grow a network of contacts and points out in week 12 the danger that many lawyers face:  being a “cave dweller.”  Many reasons surely exist not to network:  discomfort, the press of business, desire to do other activities instead.  To succeed in networking, however, you will have to step out of your cave and into the wide world, where you can practice the steps presented in the previous subsequent chapters.

Section Three presents advanced strategies.  While not especially unusual, these tips are commonly practiced only by highly skilled networkers, and they tend to produce excellent results because most people don’t use them.  For instance, Week 19 recommends sending a handwritten thank-you card following a meeting, and Week 20 exhorts readers to follow up “TODAY.”

The “how to” tips of great networkers are the focus on Section Four.  Touching on topics such as event sponsorship and looking constantly for opportunities to develop relationships, these chapters reinforce helpful approaches that go above and beyond the typicaly networking tips.

Section Five focuses on how to communicate while networking and offers a golden tip:  ask others the questions you’d like to answer, because people will generally turn the question around to you after answering.  If you apply the chapters in Sections One through Five, you will become an effective networker.

If you want to become a masterful networker, continue on to Sections Six (which encourages you to become an expert, through writing and speaking), Seven (which offers some approaches for promoting yourself using client feedback and success stories), and Eight (which encourages the reader to do what others won’t do).

The 29% Solution offers the eminently practical (some might say obvious) reoommendation that you engage in smart networking, which is defined as focused, strategic, and delivering a high return on investment of time, money, and energy.  While this recommendation borders on being so obvious as to be a turn-off, it can be forgiven since it serves as a valid reminder not to strike out and flail about in a thoughtless flurry of networking activity.

If you’re uncomfortable in networking settings, pick up The 29% Solution and browse its ideas.  I would not recommend adhering to the weekly schedule, because you might delay or miss helpful ideas.  For instance, week 43 offers the helpful suggestion that you adopt the mindset of a host; this is one of the top tips I recommend to introverts, and I hate to think that someone might suffer through 42 weeks without finding the suggestion that, with a simple shift in attitude, can transform networking.

If you’re looking for information specific to networking in a legal setting, check out The Reluctant Rainmaker: A Guide for Lawyers Who Hate Selling.  You’ll find step-by-step recommendations on how to begin networking and how to become a master at growing connections with the right people to advance your law practice.  Visit TheReluctantRainmaker.com to learn more and to pick up your copy today.