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Showing posts with the label competitive marketplace

Brand Aware: Logo Development for Law Firms

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Review some law firm logos, and you’ll probably find similar characteristics: prominent use of gavels and/or columns; the logo design will likely be based on the first letters of the last names of the name partners; and, the color scheme will probably be blue/white or gray.  What I’m trying to say is that pretty much every law firm logo is the same.   In a massively competitive market, like legal, that’s a bad thing, because when you’re scraping  for business against every other estate planning law firm in your neighborhood, every little differentiation point helps.   So, let’s talk about the potential benefits of a new logo for your law firm: It can set the color scheme for your branding, including for website creation o r  redesign.  (What if -- gasp! -- your law firm  logo  color scheme was not blue and white.)   It can  encapsulate important elements of your business in a more visceral way.  (Amazon’s lo...

Product-Market Fit: How to Make More Money by Working with Non-Traditional Law Firm Clients

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Lawyers have always billed clients the same way: by the hour.  (Yawn.) While that option is good for law firms (hello: uncapped billings), clients often chafe at the model, because $— x however many hours the lawyer decides to work is a little bit more of an investment than, say, a Netflix subscription. But, there’s a reason why subscription services like Netflix flourish: it’s because of the low level of investment, and the high value of return.  People have little problem dropping $15 per month on Netflix; but, if Netflix jacked the price up, or severely restricted the number of entertainment offerings included, there’d be a problem.  Law firms seem to suffer from that very issue: a lack of differentiated offerings and a heavy price point.  It’s a riddle wrapped in a mystery inside an enigma , bound up by a total lack of imagination. Of course, there’s a logical resolution here.  If clients think law firms charge too much and don’t offer enou...