First, of all, I wasn't surprised, necessarily. Those types of attorneys exist out there. And if you are shopping for a lawyer it's important to figure out who that person is and stay away from them.
But then I continued talking to her, and I learned a little more about her situation. "I hired this guy because I got something in the mail from him shortly after I got my DUI. I wasn't sure how I was going to pay for the help, so I went with the cheapest guy I could find." And there you go.
This story, for me, provides two lessons for all of you out there thinking of starting a law firm. The first has to do with marketing. The second has to do with pricing your services.
Starting a Law Firm and Marketing Your Services
First, the marketing. And, to be honest with you, I just had a revelation about this. When I heard that from this person yesterday that she'd received a mailer from someone for help, I was a little bit pissed off. For whatever reason (and I'm honestly not quite sure what the reason is) I feel like sending something out like that is a little bit underhanded.And here's where the marketing lesson comes in.
Sending out letters is not underhanded. Even to people who are in desperate circumstances and easily impressionable. You know why it's not underhanded? Because it's perfectly legal. These guys, so far as I know, are acting within all of the rules we agree to in becoming attorneys. And they are marketing their services using the tools that are afforded to them.
The only question is, and should be (once you make sure it's legal), does it work?
I know the law is a "learned profession" and "bigger than business." But that is only one side of the coin. Once I have clients I do everything I can for their case. I fight for them. But if they can't find me, I can't help them, and this is a competitive business.
To make sense of what is probably a jumbled mess above, here's the bottom line - don't forgo trying to do something, whatever it is, just because someone else thinks things shouldn't be done that way.
Starting a Law Firm and Pricing Your Services
We all like to have clients. It makes us feel good. And it allows us to eat. But if you are not careful, you can get sucked into a race to the bottom that has no end.For most people, whatever fee you quote them is going to be too much. Most people don't just have thousands of dollars sitting around, and finding it is a painful endeavor. They wonder why it's so expensive. It's your job to let them know why. It is not your job to let them convince you you should be the cheapest lawyer before they hire you.
And here's why.
Forgetting about any bills you have and obligations you have (family, etc.), because the client doesn't care about that, it's important to have a firm grasp on what your services mean to your client. For example, I'm a DUI and criminal defense lawyer. My services mean to my client that they get every chance to stay out of jail to and to avoid a criminal record. That's a pretty important service. And it's something that will follow them forever.
The key is figuring out exactly what you do and then helping the client put their price tag on that service. Get them thinking "what is it worth to me to get x result?" We know we can't guarantee them that result, but we can show them that we'll do whatever we can to get that result.
That's how you price your services. If someone wants to hire the cheapest lawyer they can find, they simply aren't the right client for you. The sooner you accept that, the sooner your sleep easy at night.
I want to apologize for those of you that have made it this far in this post. I hope some of that made sense and is related to your quest in starting a law firm. Writing it felt disjointed (these are important and difficult concepts).
Why don't we talk about what you think? What kind of marketing works for you? What strategies do you use to show clients how valuable your services are?

2 comments:
Marketing depends on your target client. Placing yourself in a position to be called when that client realizes they need a lawyer is a goal of marketing. When I opened my first law firm, I formed a Professional Corporation. Shortly thereafter, I received letters from attorneys seeking to provide services to new corporations. If I had been an "unaware" new business owner, I may not even have realized I need a lawyer. In such a case the letter would have worked. My thought was the letter, in such a case, was too late. As my practice area involved business transactions, I found referrals to be a better option. Small business owners were likely to discuss business options with their bankers and accountants prior to opening. In such cases, having them recommend me was golden. In short, whatever method gets you into your target client's eyes first after they realize they need a lawyer is effective marketing.
As for pricing, some of my worst clients were those that were price shoppers. You must have the client understand your value. Of course, balancing your value with market price-points can be challenging. But I believe you must ask yourself whether you want to be the "low cost leader" or the "high-end service provider" and price accordingly.
Keep up the blog. Avid reader and enjoy your insights. Good luck!
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