Researching the competitive legal market helps determine your points of difference and unique selling proposition.
These factors become your brand, which differentiates your law firm or legal service among increasing competition.
Articulating your differentiating brand traits supports a profitable market position by:
- Heightening profile.
- Creating deeper target market penetration.
- Increasing market share through targeted business development.
- Retaining key clients that support your legal practice or service’s growth strategy.
- Influencing qualified prospective clients.
- Attracting targeted professional talent.
Competitive intelligence (CI) considers market and competitor performance to aid decisions regarding the firm or service’s competitive position in the legal market, growth strategy, marketing initiatives, business development and client relationship management. It is also a tactical advantage in researching and qualifying prospective clients prior to proposal and/or pitch opportunities.
The Next Decade of Legal Services — Part 2 — Managing Law Market Change
Commoditizing Legal Services
Legal Market Strategies for Uncertain Times
How to Get Out of Your Own Way
Big Four’s Next Big Bite
Legal Gets a Mulligan
The Value of Legal Market Positioning
No ‘Alternatives’ Anymore
Lawyers, Lemons and Lemmings
Toward Industry Alignment
Reckoning and Retooling
Banishing Ostrich Syndrome
Embrace the Rebels
Why Innovation Remains Elusive
Fighting for Law Firm Dollars
Change by Degrees
A Game of Inches
Less Than Attractive
The End of Full Service
Crumbling Law Firm Empires
The Swashbuckling ‘Unlawyers’
Marketing the Future State
Legal Market Competition — Do the Math
Canadian Legal Market Merger Implications
The Fickle File Fairy
The Lean Law Reckoning
The Modern Dinosaur
Legal Directories — Walk Away and Invest in Yourself
Living in Interesting Times
Managing Your Sales Pipeline
Leveraging Referral Networks
Why Size Matters
The Firm vs. The Lawyers
Name Plus Reputation Equals Brand
Social Media Mugwumpery
What’s in a Name?
Legal Directories in the Age of Google
How to Be a Valentine
No Guts, No Glory
Grooming Best Clients
Websites – A Plague of Sameness
Selling Law as a Commodity
Dare to be Different