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"Client listening is the single most important marketing activity."
- Paul Amit, Head of Sector and Client Marketing, DLA Piper.
Forward-thinking firms know that listening effectively to their
clients is crucial for improving client service, value, retention,
and, ultimately, profitability. It can also help future-proof your
firm by embedding client relationships, and anticipating client
needs. Client Listening: Why It Pays and How to Do it, will show
you how to design and implement effective client listening
programmes and act on the intelligence gleaned to secure these
critical benefits for your firm. It highlights the important
factors that must be considered before launching a client listening
programme, and offers practical advice to ensure its success.
Topics include how to: * Identify the role of client listening
within your firm's broader CRM and BD initiatives; * Overcome
typical objections from individual lawyers to engaging in client
listening; * Determine the type of client listening activities
which best fit your firm's culture, budget, timetable, and
purposes; * Design and conduct effective client questionnaires and
interviews (how-to guide included); and * Ensure client feedback is
reported, shared, absorbed, and converted into action
appropriately. Real-life case studies from DLA Piper, Ashurst, CMS
Cameron McKenna, K&L Gates, and KPMG reveal how firms are
currently using client listening as a means to deepen client
relationships and develop more responsive, value-added services.
Useful appendices are also included to assist you with the design,
launch, and fine-tuning of your own client listening programmes.
These include: * A client listening planner; * A sample client
invitation; and * A sample discussion guide for a client service
review.
We all know that law is a people business. Clients buy from lawyers
whom they like, respect, and trust, and they judge those lawyers
and their firms on the quality of service that the firm provides,
the results achieved, and whether they receive value for money.
This applies to corporate, institutional, and private clients
alike. For their business plans to be connected to reality,
partners and law firm leaders must learn how they are perceived by
their clients and adapt accordingly. They do this by listening to
their clients. Historically this was through informal, fireside
chats. In recent years, many firms have devised formal client
listening programs and in recent years there has been an explosion
of review sites and social media channels enabling clients to leave
their unfiltered and public feedback, whether solicited or not.
Forward-looking firms are adopting multi-channel approaches to
taking feedback to maximize the intelligence they gather and to
adapt to clients' own preferences. As ever, the most nimble and
adaptable will reap the rewards. The Client Experience: How to
Optimize Client Service and Deliver Value looks at the client
experience from end-to-end, from client listening programs to
journey mapping, from customer audits to how legal tech can help
improve the way a client interacts with a law firm throughout its
relationship. A client-centric business model is essential for
future law firm success and the authors of this far-reaching title
utilize their own experience and real-life case studies to drill
down into the importance of maintaining the one thing no business
can do without: its client.
Client experience (CX) is by no means a new concept. Ever since the
service industry came into being, providing excellent customer
service has been a key concern, with particular focus on how the
client experiences the service they are receiving. Yet, client
experience is rarely delivered well. Inconsistencies, errors, and
an endlessly unanswered phone lead to frustration on the part of
the client, and a feeling that they are worth little more than a
signature on the monthly timesheet. So, how do law firms, and
individual lawyers, ensure they exceed expectations, and deliver
the best customer experience possible? And what benefits - tangible
and intangible - does this bring? Innovations in Client Experience
brings together a collection of global contributors, giving their
thoughts and advice on how the legal profession can up its game in
client experience, offering innovative strategies and pragmatic
advice to those law firms concerned they need to improve their CX.
With legal fees coming under increasing scrutiny, all law firms,
whether they charge by the hour or operate alternative fee
arrangements (AFAs) will need to negotiate fees; be it a discount
to an hourly rate or a year-long fixed retainer. Budgeting and
negotiating skills will be needed by all fee earners with
responsibility for agreeing any fees or discounts. The more a firm
uses AFAs, the more important budgeting and negotiating becomes.
Budgeting and Negotiating Fees with Clients: A Lawyer's Guide is a
must-have handbook for individual lawyers, firm leaders and
directors of support services who are looking to tackle these
challenges head on at both an operational and a strategic level. It
provides: * Clear analysis of the increasing importance of
budgeting and negotiating fees for all firms whether they have
adopted AFAs or rely on hourly rates; * A step-by-step guide for
improving individual behaviour and firm-wide processes; and *
Practical tools for generating consistently profitable fee
structures. Supported by case studies from law firms and law firm
clients, along with input from other management consultants, this
report covers topics including: * Fee models adopted by law firms;
* How AFAs are intensifying the need for budgeting and negotiating
skills; * Alternative fees - risks and how to avoid them; *
Understanding law firm financial data - a prerequisite for
successful budgeting and negotiation; * Creating a realistic matter
budget; * An introduction to legal project management; * Overcoming
obstacles to negotiating fees effectively; * Managing the
negotiation process effectively; * Obtaining the desired fees and
structures; * Tips, tactics and tricks for negotiating; *
Developing a strategy for better budgeting and negotiating; *
Implementing change and embedding best practice; * Business tools
for budgeting, negotiating and client communication; * How to
operate value billing; and * Best practice law firm negotiation
from a client's perspective. This invaluable resource also includes
supporting checklists and templates to allow readers to start
putting the lessons learnt throughout the report into practice
immediately.
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