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Thinking big

04 April 2012 / Adam Caplan
Issue: 7509 / Categories: Features , Profession , Marketing
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Adam Caplan kick-starts his new series on how to a grow a law firm. Week 1: reputation & KPIs

A solicitor who has more clients than he can handle is a rare beast, even more so in the current economic climate. In fact with the threat of cheap law services offered in supermarkets, the rise of alternative business structures, increased competition and consumers who are becoming more and more capable of handling legalities themselves, itís looking harder than ever to compete for many firms.

Traditional methods

So, how can solicitors grow their business? Traditional methods may include:
  • lead generation websites for around £300 a time that may, or may not, give you a lead that may, or may not, become a client;
  • advertising through Yellow Pages, local newspapers, event programmes at your child's school play, etc;
  • networking; sponsorship; or a large expensive website with Google advertising.
 
Some of these can be costly and do not guarantee business for your practice. In fact, some of them can harm your reputation. It's
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MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Ceri Morgan, knowledge counsel at Herbert Smith Freehills Kramer LLP, analyses the Supreme Court’s landmark decision in Johnson v FirstRand Bank Ltd, which reshapes the law of fiduciary relationships and common law bribery
The boundaries of media access in family law are scrutinised by Nicholas Dobson in NLJ this week
Reflecting on personal experience, Professor Graham Zellick KC, Senior Master of the Bench and former Reader of the Middle Temple, questions the unchecked power of parliamentary privilege
Geoff Dover, managing director at Heirloom Fair Legal, sets out a blueprint for ethical litigation funding in the wake of high-profile law firm collapses
James Grice, head of innovation and AI at Lawfront, explores how artificial intelligence is transforming the legal sector
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