Market Positioning is core to your business success.
Strategic Market Positioning defines a profitable enterprise.
A solid and differentiating legal Market Position enables a business to encapsulate and protect its core function.
Market Positioning enables a one of one distinction that heightens recognition, leads to a well-defined brand, cements an authoritative value proposition, and re-establishes a known entity post-merger — all of which helps advance innovation in service delivery strategies and approaches, and acts as a beacon for clients seeking particular expertise in an increasingly competitive environment.
Market Positioning Experience
Market Positioning is at the core of everything you do as a business. It is also foundational to everything we do together to further develop and grow your business to be more successful and sustainable.
Working alongside legal entities of all kinds — firms, companies, practices, teams and individuals — to position them smartly in differentiating markets that are key to strengths and temperaments sits at the heart of my practice. And also having repositioned struggling divisions of companies that are now vibrant and remain solvent to this day is testimony to my business savviness.
Approach and Considerations
Precise positioning requires examining a legal service provider’s offerings from a business and client perspective rather than from a practice viewpoint. Understanding which industries, services, jurisdictions, and key clients are financially strong now and are expected to remain profitable for the next 10 years or more will define a market position on which to build brand strength and future growth.
Reinforcing the core business through a tightly-focused go-to-market strategy enables deeper target market penetration, supportive and sensible marketing expenditures, aids in attracting the “right” lateral transfers, smooths and speeds the hiring process, and enables graceful succession.
Market positioning is foundational to setting the business’s direction and enables greater ease when implementing:
- Client Interviews
- Client Retention
- Client Teams
- Industry Alignment
- Marketing Plans
- Mergers & Acquisitions
- Reputation Management
- Restructuring & Turnarounds
- Strategy Development
- Succession Plans
Market positioning and strategy development go hand-in-glove. I have assisted mature firms to help them shift and restructure their market position to expand reach, and attract a new clientele and lateral talent. The result has been a rapid increase in quality work that sits squarely in the centre of their new wheelhouse along with markedly increased revenue.
Struggling firms have been reset in new target markets while fledgling firms, companies and individual lawyers have been positioned in markets that align with strengths and strategic growth plans. Firms that struggled have experienced turnarounds while young enterprises have thrived in terms of practice, client rosters, and in some cases, venture capital investment.