Archive for October, 2009

The elevator speech: Who are you and why should I care?

Monday, October 26th, 2009

Recently I attended a reception for a political candidate. Promoted throughout the legal community, the room was filled with potential clients and network connections. It was, in the words of General Norman Schwarzkopf, a “target-rich” environment. Starting with a few friends and moving among various circles of conversation, I usually had less than 30 seconds to make an impact. A smile, a handshake, and a quick introduction were often followed by the perfect opportunity for using an elevator speech.  In response to the mutual question, “So what do you do?,” most of the lawyers I met said, “I’m a lawyer with XYZ firm. My elevator speech was, “I help people like you get more clients.”

What is an elevator speech?

Suppose you find yourself on an elevator with a decision maker and need to make a quick but lasting positive impression. What should you do? In reality, when I ride elevators with people who do not know each other, they rarely speak, and those that do run the risk of invading someone’s personal space. However, all of us have brief encounters with other people every day outside of elevators. The person could be a potential client, hiring partner, or some other person of influence. For this reason, every lawyer needs to be ready with a clear, short and compelling explanation of who they are and how they provide value.  Every lawyer needs an elevator speech.

How to create an effective elevator speech

First, write down your “deliverables,” the services or features that you provide. Then write down the benefits that your potential clients or employer could get from these services. Once you’ve got that written, create an opening sentence that will grab the listener’s attention. This sentence must include, if possible, a unique benefit you offer. Create a second sentence identifying a challenge relevant to the person to whom you are speaking. Then tell them how you solve this challenge. For example, “I help lawyers get more clients” offers a unique service to a specific audience. It also identifies a common challenge and a potential solution. The details of that solution can be delivered to the potential client subsequently in further discussion, an email, or by asking them to visit my web site.

Who’s your real audience?

People you meet are usually more interested in themselves than they are in you. Our lives, our friends, and our family are always top of mind. When people ask, “What do you do?,” what they’re really asking is, “What can you do for me?” When I meet people for the first time, I tell them I help lawyers. If they are not a lawyer, they usually joke about lawyers and we move on. If they are a lawyer, then my follow up, “I help lawyers get more clients,” creates interest. What others really want to hear when they ask about what you do is, “What’s in it for me?” Tell them how working with you benefits them. Your answer to what you do shouldn’t be about “you.” It should be about what you can do for them or other people they may recommend you to. 

Practice makes perfect

Make sure your elevator speech is all about the audience. Make it unique and memorable. It must roll off your tongue with ease. Practice your speech in front of the mirror and with friends. Record it on your answering machine, and listen to it. How long is it? Generally 30 seconds is about all you have. Do you sound confident? Are you using short direct words with clear meanings? Do you sound sincere? Is your message genuine? Is it engaging? Will it make the person who hears it want to know more about you?

First impressions count

When you first meet someone, do three things: smile, make eye contact, and tell them your name. Ask what they do, and when they are finished be prepared for the same question. When it comes, use your elevator speech. Concentrate on making the delivery effortless and slow down your words. We naturally talk faster when nervous. You need to appear calm, confident, and in control of the situation. When you are finished, if possible, mention your name again or exchange business cards. If you have done your homework, you’ll see your word of mouth advertising expand exponentially.

Having a concise elevator speech is vital. It is used for networking with others at events. It is used to introduce yourself in front of a crowd. It answers the question, “Who are you and why should I care?” When delivered with passion, precision, and persuasiveness, your elevator speech says, “Now you know me and how I can help you.”

New age lawyers: ‘We’re not in Kansas anymore, Toto’

Thursday, October 22nd, 2009

Law school was to be the logical extension of my undergraduate academic shelter from the real world. Eventually I hoped to become an environmental lawyer and save Mother Earth. However the arrival of my newborn son in my first year contradicted those career expectations. Needing any opportunity to make ends meet, I took a job delivering over 400 newspapers every night between 2:00 and 4:00 a.m. seven days a week. Of course, in my 8:00 a.m. Evidence class, Judge Robert Jones was not impressed that a paper route could be an excuse for lack of adequate case preparation.     

Finding your needle in the haystack of opportunity

Many lawyers face contradictions in their career expectations. Almost 3,000 associates have been let go by law firms across the country since 2008. In Wisconsin more than 50% of 2009 law school graduates have no jobs. Despite these challenging times, every lawyer has the ability to change any transition into an opportunity. Aggressive networking, thorough research and communicating with confidence and optimism will make you stand out. My first opportunity was a lead from a friend to a small firm. I convinced the partners I was the perfect law student to crank out volumes of litigation and transactional paperwork. The only environmental file I ever saw was a client who wanted to build condos in the dunes of a protected National Seashore.  

Going Solo

A growing number of lawyers who cannot find jobs with established firms are starting their own practices. However operating a solo or small law firm is a risky business. Most young lawyers fresh out of law school have never been asked to draft a civil complaint or answer, discovery requests or responses. Even an experienced lawyer has to have strong entrepreneurial instincts. Before making the decision, be diligent. Your personal income will depend directly on your ability to get clients and generate enough revenue to cover expenses. There are numerous resources available from the State Bar for those lawyers who want to evaluate this option and some examples are provided at the end of this article.  

Back to the future with technology

Lawyers today have a greater array of technology available to them than ever before. The ABA’s 2009 Legal Technology Survey Report found that 43 percent of respondents maintain a presence in an online community or social network. This level is almost triple the 15 percent positive responses from the 2008 survey.  However traditional principles of client development are still relevant. You have to be visible to your target market, build credibility, get results and provide extraordinary service. Technology gives lawyers a new marketing opportunity. You can write or speak about interesting topics, then use Web options to distribute this knowledge and become the “go to” lawyer to target markets. Finding a job still requires persistence, self-promotion and a personal referral. Technology allows you to refine information about referral sources in the networks you already have and add new sources to these networks.  

The 21st Century Generation Gap

Lawyers and their firms often appear slow to change. However lawyers were actually some of the first to use e-mail and mobile phone technology, because it helped their practice and improved client service. Consider the traditional large in-house library, almost eclipsed now by searchable databases such as Lexis and Westlaw. Jay M. Jaffe, president of Jaffe Associates, believes “The legal work environment is going to become more virtual. Why? Because it can, and because it makes economic sense to move to a virtual environment with the resultant savings in both real estate and personnel expenses. Smart law firms will be much more flexible then they are today and will be able to expand and contract based strictly on client demand and workflow.” As an example, Virtual Law Partners, founded in 2008, is a Web-based law firm that provides legal services at rates lower than conventional firms and enables lawyers to work from home-based offices.

Life/Work Balance

In 1829, Supreme Court Justice Joseph Story declared that “the law is a jealous mistress.” Almost 180 years later lawyers continue to struggle with the demands of work and family. The money and status which motivated the baby boomer leaders at many law firms are less important for many younger lawyers. Many law firm partners believe these lawyers lack motivation. In reality, new age lawyers are serious about their careers and work hard. However many do not see partnership as the reward that it once was. Instead, they juggle many priorities and are more focused on creating a life/work balance. Their values reflect an old truism “There’s not much point in earning a living if you can’t live the living you’re earning.”

Where are we going?

Thomas Kuhn’s paradigm shift theory says that once a system has answered all the questions it can and then created a bunch of questions it cannot answer, a shift occurs and a new system emerges designed to answer these new questions. A lawyer’s main paradigm of precedence looks back, and can be blind to many things in the future. If the old standards still work, change for lawyers can be uncomfortable. However lawyers would do well to heed Alvin Toffler’s observation in his book, “Third Wave”: “Change is the process by which the future invades our lives. The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn”.

References

 The July 2009 edition of the Wisconsin Bar Journal has an excellent article, “Is it time to hang out your own shingle?”  See Carolyn Elefant’s book,” Solo by Choice: How to Be the Lawyer You Always Wanted to Be” and her Web site at www.MyShingle.com.  Jim Calloway and Allison Shields, both noted law firm management experts, have created 50 Web Resources for the Suddenly Solo Lawyer.  The American Bar Association has an excellent book, “Flying Solo: a survival guide for the solo and small firm lawyer” by K. William Gibson and Reid F. Trautz.