Young Lawyers: How can we be positively differentiate on the legal market?
by Francesc Dominguez
Question by Jennifer Losada, Chairwoman of the Group of Young Lawyers of the Bar Association of Barcelona
Â
Â
Experience
Talent does not distinguish between ages. Youth can be a fountain of opportunities. The main opportunity for young lawyers is that they do not usually have as many prejudices as some older ones. Preconceived opinions are a limitation in the business world.
Â
What is experience? It is the ability to learn from life, from each client case. This capacity depends on the actual person rather than on their age. Thinking that a veteran lawyer is an expert just because he is older is absurd, and mentally self-limits young lawyers.
Â
Forget your fear, your other possible mental barrier. The ability to think big costs nothing and only those who think big find opportunities. Think big, calculating how to invest your time and money well. If you have good values, do not let anybody “steal� your dreams.
Â
The first steps
Imagine a young graduate that has been trained in the practice of law and decides to join the profession. Normally, the first thing they think about is to try to join a practice or else associate with other colleagues and open an office. It is not the most essential thing. Having your own market strategy is crucial; a strategy defined in writing, and then choose one of the preceding options.
Â
Update your knowledge permanently and think, nevertheless, about the following. Knowledge, while essential, will not take you very far without a market strategy. As George Bernard Shaw once said: “Those who can, do; those who can’t, teach�.
Â
The attitude
Attitude is the cornerstone. To get new results you need to do different things. If you don’t, you are your own professional ceiling. Do not lay the blame on others.
Â
Attitude is the cornerstone. To get new results you need to do different things. If you don’t, you are your own professional ceiling. Do not lay the blame on others. Learning to be mentally stronger and gaining self-esteem is essential in making a name for yourself in the profession. Improving your self-esteem, accepting yourself is basic to selling legal services better.
Â
Admire
Admire, do not envy. For example, if you aspire to having a large legal service company, the best thing you can do is to admire the great law firms. And you will learn from them. If you envy them, you will waste energy uselessly.
Â
Values
What makes the difference? Values and your style. You should know your values explicitly, define and communicate them.
Â
The vision
What is your future vision? Do you want to be an alternative to law practices that support the internationalisation of the companies of your country? An example: for years I have created a broad international network of contacts, influential law practices based in the main international markets. These offices are ready to support European businesses associations and my clients in their international expansion. If I have done this, then so can you.
Â
Having a path (vision) is transcendental. Your dreams (vision) will start to come true as soon as you get them in writing, define objectives, strategies, actions, responsible for their accomplishment and a timeframe.
Â
Your market study
The world is full of conquerors that seek to change the rest, when the first thing we should do is change or improve ourselves. If you improve, you will begin to get new results. To this end, the epicentre of your market study is you and your practice. It is basic for you to know your strengths and the things that need to be improved. Ask your collaborators how they perceive you. Promote your personal brand on the basis of your virtues or strong points.
Â
The professional profile
In a hypercompetitive world, The most highly valued profile is that of the lawyer-consultant, i.e., a lawyer geared towards helping the client and able to detect their client’s needs and even pre-empt them. A lawyer with a commercial profile, a professional that gives the client value.
Â
Image
We are an image. Until people know us, we are but an image to them: pleasant, reliable, skilled, clever, unpleasant, etc. That is why first impressions are so important, as it is when perceptions are formed. Take care of your verbal and body language and the small details. Language creates perception, the gateway to business.
Â
Fees
Anybody can compete by applying low fees. You should be able to provide a service that justifies fees in tune with professional skill. To do this, make sure you fully understand the needs of the client, increase your value, build up your brand and give clients a personalised service.                                                         Â
Â
Partners
Choose your partners with professional criteria, not on the basis of friendship or interpersonal feeling. Associate with professionals that not only complement you in terms of skills (specialities) but also, and more particularly, in attitudes.
Â
Advisors or suppliers
Select them according to their quality, not using price as the basic criterion. Treat them with respect, just as well as your best clients. A quality supplier will save you time, problems and will give your brand added value.
Â
Projects
From the outset of your professional career, apart from doing tasks (case impulse) focus on projects, i.e. on being a reference point in some market. Concentrating on projects means choosing our clients and working to achieve them, fighting to live the professional life that we want to live.
Â
Business Plan
Make sure you know who your potential customers are and draw up a plan to attract them (Marketing and business plan).
Â
How to facilitate the commissioning of new services? Increase your list of contacts. Monitor the economic press, know what companies’ needs are, personalise your offer of services to them and visit them, but never pressurise them. When he sees a personalised offer, our client will understand our message clearly: “this practice has made an effort to know and understand my needsâ€?.
Â
Participate actively at Trade Fairs and Congresses that enable you to meet more potential customers. Share out the work among your partners. Also participate actively in an association. This participation should be consistent with your personal strategy and that of your firm. Think. If for example you belong to an association of young lawyers, make the most of it: besides dedicating your time to your professional advancement, devote some time as well, for example, to creating an international network of contacts among practices of young lawyers.
Â
Contacts
Contacts are essential in the business world. However, one word of warning: they must help you to transmit the image that you wish to transmit.
Â
For example, one of my clients is lawyer to a newspaper. When she participated at business meetings with the medium and other entrepreneurs, she was presented by the medium as “the newspaper’s lawyerâ€?. What was the problem? My client was failing to leverage possible business opportunities since the entrepreneurs could even think that she was actually an employee, i.e. on the newspaper’s payroll. I told my client to have them introduce her as follows: “partner of X, a law practice with the capacity to help companies to go global. Moreover, she is our legal advisor.â€?
Â
The message is very different and opens the door to new clients.
Â
Â
The clients
Don’t forget your clients. There are professional firms that only remember their clients when are they paid their fee or retainer. That is the best way to lost them. Monitor them: have at least one contact with clients every fortnight. Send them articles of interest, ask them if they are satisfied, send them birthday cards, invite them to events you know they will be interested in, hold exclusive seminars for clients and acquaintances, etc. Recruit a “customer managerâ€?. The objective should not be so much to sell legal services but rather to consolidate the relationship of trust with clients.
Â
Your offer should be different to your competitors, but remember, by offer we do not mean the service offer (which can always be copied), but rather the concept and the image of the firm, the technical and relational quality of the lawyers and the services rendered to the clients, personalised.
Â
Communicate low expectations to clients: if you give them more than they expected you will win their confidence.
Â
Manage your time well
Be brave: avoid focusing on rather unprofitable topics from the outset of your professional career. If you take all kinds of commissions you will end up over-committed: you will work long hours for low profitability. Learn to say “no�. Focus on more profitable clients and cases. Fewer hours of work + more fees = quality of life.
Â
Manage your time well: focus on the 20% of your clients who account for 80% of your sales. Give other clients a professional service as well, but spend less time on them.
Â
Â
Final tip
Sometimes opportunities are to be found where others think they do not exist. A few weeks ago a young European lawyer sent me the following query. “I am going to live in China. I have contacted some large law practices with branches in CHINA to offer my services. Nevertheless, it has not worked. I don’t know what to do.â€?
Sometimes opportunities are to be found where others think they do not exist. A few weeks ago a young European lawyer sent me the following query. “I am going to live in China. I have contacted some large law practices with branches in CHINA to offer my services. Nevertheless, it has not worked. I don’t know what to do.â€?Â
Â
Answer: “You contacted some major practices without solid bargaining arguments. If you had said you were thinking about setting up in China, the negotiation would have been different. Modify the approach: You will be in a city of more than 7 million inhabitants, where there will be no practice from your country. Your opportunity lies in maintaining minimum services in your offices in Europe or else entering into an alliance with a practice from your country. Invest (low investment): Open up a micro-office in China. Publicise your availability to expatriates from your country in China, the mass media of your country and by extension the companies. Set up, with the utmost patience and respect, trust-based relationships with the Chinese business community in China and the resident community in your country. Position yourself as an alternative to other law firms.�
Â
Â
Talent does not distinguish between ages. Only those who think big find opportunities.
Â
Â
Â
Â
© 2007, Francesc Dominguez, marketing consultant, www.francescdominguez.com . Query prepared for the Congress of Young Lawyers of Catalonia (June 2007).