Marketing Analytics: More Is Not Always Best
In the past few decades, law firms have made great strides in catching up with the rest of the corporate world and are reaping the benefits of all kinds of marketing. This acceptance by firm management is in great part due to an increased appreciation of analytics, made possible by digital marketing and social media.
March 31, 2021 at 04:16 PM
8 minute read
For a long time, law firms considered public relations and marketing for law firms — if at all — to bring only "soft benefits" to business development. Consultants would talk about "word-of-mouth," "raising one's profile," and "touchpoints" to justify the costs involved with either in-house or outsourced staff focused solely on securing placements in publications, spots on panels, or broadcast interviews.
While some attorneys enjoyed the spotlight, others griped that their billable hours were better spent on existing clients or at least on tangible, attainable prospects over lunches than through outreach to a vast audience that might never actually materialize into paying clientele.
Because of the difficulty in quantifying their value, PR and marketing professionals, both in-house and consultants, were frequently the first to be let go in times of cost cutting. Their services were seen as luxuries: great in boom times, but the first to get axed when billings fell and belts needed tightening.
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