Navigating the COVID Chaos: Emerging Trends, Options and Opportunities

Navigating the COVID Chaos

Many of us are planning for 2021, and not knowing what the future holds during these uncertain times makes it difficult to assess how to proceed.

Partners have real concerns about their future. Many law firms are weathering the challenges associated with the pandemic offering cuts in compensation, furloughs and layoffs.

During this pandemic, the legal industry has embraced technology working straight through this crisis. Several new trends in the legal industry have emerged.

Succession plans, and retirement have all been accelerated as COVID as impacted every aspect of our lives. The demand for legal services will continue to grow.

Time is indeed precious. Making a move now, may be the best option. For others, it may be prudent to let the market even out and look to the next chapter in your career in 2021.

Question is, do you have the luxury of waiting this crisis out?

The following provides insights into emerging trends that will guide you to assess what options and opportunities lie in the coming months.

TRENDS

Law firms are focused on deepening trust with clients and staffing up specialized areas of the law. As a consequence of COVID, businesses have an increased need for counsel for labor and employment, bankruptcy, matrimonial, tax, and litigation. Another area that has seen an uptick in movement is health care.

Attorneys who specialize in these areas are well-positioned to negotiate better terms or secure a post with a new firm.

Moves by Practice Area, 2020 Legal TrendsAttorney Moves by Practice Area.001

 

Markets with Partners Making Lateral Moves

The number of moves by the market has declined during the pandemic. There are markets with the most movement per capita is notable. Texas, Florida, and California have experienced more activity compared to the other states. Overall, the movements are consistent over the past few years.

Industry experts project many attorneys are looking to make a move in 2021. The need for due diligence has never been more important. Experts predict that only half of the lawyers onboarded will be able to bring along their book of business.
Work with a legal recruiter who can advise you of the top candidates who can make it rain in this new normal.

Trends 2020, Moves by Market Intra City

Trends 2020, Moves by Market Percentage

Most Active Markets with Partners Making Lateral Moves

Notably, Philadelphia has seen a jump in lawyers relocating from other markets. Given the need for many firms to work remotely, relocations may continue to rise in many markets.

Insiders report that several AM law firms are considering having their attorneys share office space. The lawyer will alternate each week working in the office while the other works remotely. This will be a permanent arrangement to offset the fixed operating expense of running an office while giving lawyers more flexibility in their work, life balance.

Trends 2020 On Balance, Locations, Relocations

Trends 2020 On Balance, Locations Moved From

PREPARE

The coming months are certainly going to be volatile and uncertain. Be prepared. Talk with a legal advisor to map out your plans for 2021 and beyond. Those who will thrive in a chaotic environment must be able to act quickly. Be careful not to burn bridges. Transparency is necessary.

What has worked in the past may no longer make sense. Be open and consider being proactive, not reactive to the challenges ahead.

Several significant changes are occurring right now. Capitalize on these opportunities. Consider that staying put may be the best course of action. And for some, while making a move now may be your best option.

Make 2021 your best year yet.

 

 

 

About On Balance Search

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.

Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

 

Virtual Law Firms: More Control Over Your Work-Life Balance

The technology is not new, but the move to the virtual world is. Remote, virtual law offices have been around for some time, but during this COVID Crisis many lawyers have been working remotely and that trend may be the way forward for those who are looking for more flexibility for more work-life balance. 

Virtual Law Firms: More Control Over Your Work-Life Balance

Virtual Law Firms: More Control Over Your Work-Life Balance

 

The Pros and Cons of Practicing Virtual Law 

As it stands now, many law firms are staggering their workforce to limit in-house staff to half to a third for safe social distancing during the pandemic. A virtual firm doesn’t have to be completely online, some only go into the office for in person client meetings or when face to face interaction is necessary to get deals done.  

No one scenario works best for attorneys nor law firms, here are the pros and cons worth considering. 

PROs of a Virtual Law Office 

  • Lower monthly overhead by eliminating or moving to a smaller office space resulting increased profits.  
  • Flexibility with the hours you work to reduce stress and have more control over your time including eliminating commuting.   
  • Better work/life balance improving productivity, health and well-being.  
  • Eliminate geographic barriers to penetrate new markets while attracting a larger talent pool of attorneys.  
  • Eco-friendly and possibly paper-free by bundling technology services and outsourcing services such as payment processing, marketing, and legal research. 
  • Collaborate more freely with clients as well as deepen the connections with attorneys, paralegals, and other staff.  

“Many Attorneys I speak with are hesitant to go to a true virtual law firm.  While many of the CONs maybe be a concern, however there are several virtual law firms that have overcome these challenges.” – Shari Davidson, President, On Balance Search Consultants.  

CONs of a Virtual Law Office 

  • Working remotely may negatively impact traditional office-life and personal life, as the line between the two become blurred. Many find remote work ideal. The only real Con is you. 
  • There is no substitute for face-to-face interaction.  Many virtual law firms plan retreats to meet face to face as it is the best way to develop relationships nationally and internationally. That said, collaboration can be achieved in the virtual space. 
  • Join a virtual law firm that has the software platforms in place to mitigate the risk of compromising client’s privacy and data security 
  • Find a virtual law firm that invests in tech that foments collaboration with your legal team. 
  • Join a firm that has software programs that improve client communications by eliminating unnecessary emails while at the same time improving productivity. 
  • State regulations vary regarding attorneys being able to practice law in other jurisdictions. Find a virtual law firm that has resources in states where it can service your clients.  This way you can collaborate with other attorneys that are licensed in other states and still service your clients. You want to stay in control of all the legal matters, that way the firm and client view you as a trusted advisor and asset to the firm. 
  • Virtual firms tend to have a strong retention rate due to the flexibility of being to work remotely.   

Virtual law offices are luring talented attorneys, mostly working mothers, from big firms offering work-life balance and flexibility to work in the evenings and on weekends. Younger attorneys may want the flexibility that remote work affords.  

Senior partners may opt for a virtual firm giving them a way to monetize their book of business, while still being able to bring in new business working remotely part time.  

“Don’t just close your doors and leave all that money out there. Create a steady stream of retirement income from your book of business. Make sure you get paid at the end of the rainbow.” — Shari Davidson. 

There are top-rated virtual law firms that do everything remotely, including estate planning, business law, and real estate.  It’s all done online, from virtual video depositions and many other important services.  

Remote work will continue to evolve, and it isn’t going away any time soon. Virtual law firms can help you create the life you want to live.   

Deciding whether a virtual law office is right for you depends on if it aligns with your strategy, goals, and what you’re trying to accomplish. By working with a legal consultant, you can align your goals to the right firm. 

 

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. 

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com. 

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your unique circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law. 

 

COVID Crisis Law Jobs: Don’t Just Put Yourself Out There

Why did you put yourself on the market in the first place? Were you were passed over for a promotion or you just don’t fit in? Does the money change things? Will the issues of the past continue to be a problem?

Law Jobs

During this pandemic . . .
Don’t just put your toe in the water. Law school doesn’t prepare you for how to manage your career. They don’t teach you how to strategically position yourself in an ever-changing marketplace.

“Do your research. Dig into the company’s financial health to assess job security. Look at where its funding comes from, and make sure the projects you’ll be working on seem stable.  Don’t lose sight of the long-term. Remember your career goals. Will this help you get there? Is the opportunity likely to come up again in the months to come?”

— Rachel Feintzeig, Work Life Balance writer for the Wall Street Journal, Do You Dare Switch Jobs in the Coronavirus Economy.

Should I stay or should I go?

Layoffs were commonplace in the legal industry during the Great Recession. For now, large firms are opting to cut pay, reduce hours and furlough lawyers. Law firms specializing in family, housing and criminal law have been hardest hit due to local government offices being closed. Many firms are asking for more lateral associates and staff.

Counteroffers are up. 

Interviewing and getting offers is not the way to negotiate a better compensation package. It’s a career killer. What you don’t want to do is create an environment of mistrust. You don’t want to put your career in jeopardy.

Your reputation at the firm will never be the same.  There will always be a question of your loyalty. They simply will not trust you anymore.

Accepting a counteroffer is likely to damage your relationship with your current firm. Think about it, you just told your firm you are leaving and are now only staying because they threw some money at you.

“In my over twenty years as a legal recruiter, accepting the counteroffer results in being pushed out the door 85 to 90% of the time. The candidate is either let go for someone less expensive, or the promises made did not pan out. About 3- 6 months after the counteroffer is accepted, I get a call.”  – Shari Davidson, President of On Balance Search Consultants.

Shari Davidson – “On Balance Search focuses on Law Firm – M&A, Lateral Partner & Associates and Succession Planning. It’s all about monetizing your book of business and planning so you and your firm can be prepared for the future.”

Ready to start you search? Visit OnBalanceSearch.com to schedule a consultation.

 

 

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.

Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.

Contact us today. Call 516.731.3400 or visit our website at https://www.onbalancesearch.com.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

Confessions of a Legal Recruiter: This Is Not Business as Usual

This is not business as usual.

Now is the time to take a hard look at your circumstances and plan your way forward out of this pandemic.

The world-wide lockdown has triggered a financial crisis the likes of which never seen. Everything depends on how long the crisis lasts. The recession will be painful, but short-lived, giving way to a robust recovery.

During this crisis, social distancing necessitates and accelerates our adopting technology to get back to doing business.

During this crisis, social distancing necessitates and accelerates our adopting technology to get back to doing business.

“I lived through 911. We got right back to it and started to rebuild. It’s not going to be business as usual. New Yorkers get that, they are resilient, innovative and smart.” — Shari Davidson, President of On Balance Search.

During this crisis, social distancing necessitates and accelerates our adopting technology, to get us back to doing business.

Telecommuting
Teleconferencing is now the new way to get things done. That’s not going to change. Congress and our Courts are going to rely on video for court appearances, closings, and other meetings.

“Tragic and scary as the Coronavirus is, like most Black Swan events, it revealed weaknesses and opportunities.  We will continue to feel the pain of the weaknesses for some time to come.

One of the great opportunities to arise is the recognition and forced implementation of virtual meetings; this is a game-changer in a million ways! Adapting to how to best use it as a tool is going to determine the success or failure of many companies.” — Joe Chatham, Managing Partner and Founder of USA 500 Clubs, LLC.

What We Do Know
We have a good idea of what areas of law are going to be in high demand. The downturn will necessitate a need for bankruptcy and restructuring lawyers, divorce attorneys, there will be liability class action lawsuits and price gauging cases. And as we emerge from this crippled global economy there will be illegal discrimination cases for lay-offs and litigation to get out of commercial contracts and real estate lease agreements.

Some industries have not been as hard hit as others. Notably, Government related positions are on the uptick as a result of the COVID-19 pandemic.

Take Advantage of Downtime

  • Refine your soft skills (communication styles, marketing plan etc.).
  • Clean up your social media pages.
  • Keep networking during this time of social distancing.
  • Update your LinkedIn profile.
  • Ask for recommendations.
  • Join relevant groups (check out USA 500 Clubs).
  • Reach out to new and existing contacts.
  • Comment on people’s posts.

Work With A Legal Recruiter
Even if you haven’t been laid off or furloughed your firm may be cutting back.

That raise or promotion you were in line for is most likely not happening.

Look for a legal recruiter who is known for their integrity. Sit down with a trusted advisor who has a track record of success. When this thing starts to normalize, you’ll be well poised to get back on track.

“This is a good time to get your ducks in order. Updating your CV, getting writing samples ready, updating marketing plans etc.  Create a strategic plan that is ready to execute when the time is right.” — Shari Davidson.

Your ability to rise up during this crisis will make or break your career. Research what firms and areas of the law are well suited for your unique skill set.

Work with a recruiter to help you strategize and navigate the next step in your career. You going to need to create a compelling story about your successes and the number of clients you have brought in house and the billable hours you have earned. Your legal recruiter will help you pull it all together.

During this time of uncertainty know that this is not going to be easy, there are jobs out there. Stay strong, be patient, persistent and persevere.

 

About On Balance Search
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.

Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.

Contact us today. Call 516.731.3400 or visit our website at https://www.onbalancesearch.com.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

 

Sharpen Your Pencil: The Lateral Partner Questionnaire (LPQ)

The LPQ or the lateral partner questionnaire is the most daunting step in the due diligence process for a partner moving to a new law firm. It’s an arduous task, don’t delay. Get it done.

Sharpen Your Pencil: The Lateral Partner Questionnaire (LPQ)

Be Honest & Thorough

Do not skip any sections. Do not be vague. Accurately detail any late taxes, bankruptcy, bar discipline, criminal history, malpractice, discrimination claims, and investigations. It’s very important to begin your relationship with your future partnership with integrity and open transparency. 

Most LPQs require a minimum of 2 years prior history, and some as much as 5 years. Pulling this information together can be a challenge. Here is a quick list of subjects you will likely address in written or verbal form:

Education

  • Bar Admissions
  • Courts
  • CLE’s

Compensation History & Future Expectations

  • Your current employer
  • Billable Hours Recorded
  • Standard Billing Rate
  • Average Billed Rate
  • Amount Billed
  • Amount Collected
  • Tax Returns
  • Bankruptcy
  • Portability of Clients

 

Previous Employer History

  • References and Reason(s) for Leaving
  • Discipline and Sanctions
  • Claims and Litigation
  • Criminal history
  • Malpractice Claims
  • Discrimination Claims
  • Government Investigations


Business Relationships

  • Professional Organizations
  • Board or Officer Positions
  • Pro Bono
  • Conflicts of Interest
  • Client Financial Situations
  • Restrictions / Limitations Based on Partnership Agreements


Value Proposition: Business Plan

Detail your business development plan addressing prospective clients and estimated revenues as well as non-client referral sources, unique skills sets and existing client base. Be sure to include any other information that is relevant or of value to the new partner candidacy.

Hire a Top Legal Recruiter

Don’t lie to me. Don’t inflate or overestimate your book of business. This is the quickest way to sour your new partnership. During due diligence or after being hired, more times than often any inaccuracies in your qualifications and past performance will come up. When time comes to cut back, you’ll be at the top of that list.  

Want to learn more ways to make it rain? Subscribe to our blog https://www.onbalancesearch.com/category/blog-page/.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today.  Call 516.731.3400 or visit our website at https://www.onbalancesearch.com.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

June 5, 2018 – Landlord Tenant Law including Ethics, CLE

Landlord – Tennant Law & Ethics: Keys for Lease Drafting, Dealing with Problem Tenants and do so ethically.

Tuesday, June 5, 2018
8:00 am – 11:00 am
Hofstra University Club
225 Hofstra Boulevard
Hemstead, NY 11550

516-463-5031

This program is approved for the following credit hours:
2.0 CLE for Attorneys
2.0 CPE for CPAs & EAs

R.S.V.P. events@ultimateabstract.com Must R.S.V.P. to attend.!

June 5.2018 - Landlord Tenant Law & Ethics

“Can’t attend one of our LIVE CLE Classes? Take advantage of my exclusive 20% discount code by clicking here or call 212-776-4943 ask for ext.150 and make sure to mention discount code: OBSC”

Sponsored By:
On Balance Search Consultants Twitter Cover Photo

About On Balance Search Consultants 
On Balance offers great insight and industry intelligence. Shari Davidson advises law firms on how to take a firm to the next level and helps rising talent to make the transition to the right firm.

Contact us today call 516.731.4300 or visit our website at https://www.onbalancesearch.com.

June 6, 2018 – What Lawyers Should Know about the Grievance Committee CLE

A two hour ethics update and What Lawyers Should Know about the Grievance Committee — A Practical Approach including a discussion of The New Attorney Disciplinary Rules, Attorney Escrow Rules, Real Estate  Scams and Attorney Professionals ( or Lack of Same ).

Wednesday, June 6, 2018
8:00 am – 11:00 am
Anchin, Block & Anchin
1375 Broadway
New York, NY 10018

212-840-3456

This program is approved for the following credit hours:
2.0 CLE for Attorneys
2.0 CPE for CPAs & EAs

R.S.V.P. events@ultimateabstract.com Must R.S.V.P. to attend.!

June 6, 2018 - Ethics Update

 

“Can’t attend one of our LIVE CLE Classes? Take advantage of my exclusive 20% discount code by clicking here or call 212-776-4943 ask for ext.150 and make sure to mention discount code: OBSC”

Sponsored By:
On Balance Search Consultants Twitter Cover Photo

About On Balance Search Consultants 
On Balance offers great insight and industry intelligence. Shari Davidson advises law firms on how to take a firm to the next level and helps rising talent to make the transition to the right firm.

Contact us today call 516.731.4300 or visit our website at https://www.onbalancesearch.com.

Confessions of a Legal Recruiter: Collaborate With Powerful Professionals To Grow Your Book Of Business

In our previous article, we discussed how Smart Rainmakers Just Don’t Network At the Bar Association.  You’ve got to network with the right group of people who can help grow your business. Once you’ve selected the right groups to network with, you’ve got to make the most of your time.

Confessions of a Legal Recruiter TM .001

Now that you’ve decided on the organizations you will network with, let’s talk about how to best leverage these powerful new connections. “Be honest about your skill set. You’ve have got to bring it when you’re out there networking. Better be prepared. Here are a few books I highly recommend you read to make it rain,”, said Legal Recruiter Shari Davidson of On Balance Search Consultants.

Consistently work on improving your skill set and at the same time get out there to further new relationships:

  1. Actively listen to your network by being more emotionally intelligent. 
  2. Measure up. Understand who is your audience and what moves them. 
  3. Follow the money. Assess the relationship’s potential for success. Will this connection lead to new leads or help you achieve your business goals? If not, move on! And be polite. You never know if that relationship may one day turn into a big payday.
  4. Nurture the relationship. How can you help them with their business or on a personal level?
  5. Prioritize. Determine which relationships have the potential to yield more business. Spend more time with those who will bring in the most business. Reciprocal relationships tend to the most profitable. Continuously look for new ways look for ways to further existing relationships that make money.

“There is nothing better than face-to-face networking. Having said that, integrating social media networking into your game plan helps save time and can make meetings so much more successful,” said Shari Davidson. LinkedIn is a great digital channel to    research and connect with other professionals. 

  • Establish yourself as an authority in your chosen field and create credibility as a leader in the category by regularly blogging through this powerful social media network. 
  • Research new business prospects and your competition.
  • Follow companies and industry leaders. 
  • Join powerful LinkedIn groups and start nurturing new relationships. 

Mind Your Manners 

Think about what you’re saying. Never post anything that you cannot defend or that may be potentially damaging to your reputation. And don’t just post about things that no one gives a hoot about. 

Substance and style. Less is typically more. On or off-line, carefully craft and curate your content. It’s not how much you post or share. It’s all about creating a substantive conversation with your core stakeholders. Be smart, savvy and strategic about what you say and who you talk to. 

Actions speak louder than words. 

There are ways that things get done, and there are simply things one should never say or do. Know the do’s and don’ts  . . . 

  • Arrive on time.
  • Dress appropriately.
  • While networking never eat or drink alone and don’t order before your guest arrives. 
  • Provide your mobile phone to keep in contact leading up to meet-ups.  
  • Remember to thank people for taking the time, for offering their insights and for returning your phone calls.  
  • Never “slam” your competitors, instead keep the conversation positive and focused on furthering the relationship. 
  • Let them do the talking, listen and thoughtfully contribute to the conversation. Less is more. 

And never, never, never have more than two drinks. Many professionals don’t drink at all. Eat before you go to a party or networking event. Most of the time the food is either detrimental to your diet plan, or you’ll be spending precious time waiting to get some food. 

Make the most of your time and start building that powerful network that will bring in more business. Make it rain!

Want to learn more ways to make it rain? Subscribe to our blog https://www.onbalancesearch.com/category/blog-page/.

In our next article, we will talk about, Creating a Powerful Mastermind Group to Make it Rain. 

About On Balance Search Consultants

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today.  Call 516.731.3400 or visit our website at https://www.onbalancesearch.com.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

Confessions of a Legal Recruiter: Smart Rainmakers Just Don’t Network at the Bar Association

Time is simply something none of us have. Therefore, you need to work smart.

Article originally ran in Above the Law, April 18, 2018.

Article originally ran in Above the Law, April 18, 2018.

 

Time is simply something none of us have. Therefore, you need to work smart. The sum total of your efforts must bring in new business. Make sure you are connecting with the right people, who can help you in business development. Constantly assess what is working, and what is not.

Organizations are a great way to build new relationships that can bring in new business. An obvious choice is the Bar Association. “As a legal recruiter this I cringe every time hear this is the only place you are networking.  Why you ask? Why would you put yourself in the mix with your peers to slug it out to win new business when you can find more fulfilling and better ways to make it rain?” — Shari Davidson, On Balance Search Consultants.

How do you choose a group? What is your practice area and who are your clients?  Ask yourself where and who you should network with before you join a group. Follow these steps to ensure you pick the right group.

I . Clearly define your business’ values.
A great place to start is your mission statement. Don’t have a business plan? Get one. Clarifying your mission will help you see the natural connection between your organization and a potential new partner.

II.  Determine the criteria for the potential new group.
Consider criteria such as the size of the organization, the age of the organization and whether the type of group:

Non-Compete Groups
Referral groups like BNI and Gotham offer non-compete exclusivity. Being the only lawyer in the group can be advantageous. But don’t just jump in, consider who is in the group first? If the group is a bunch of Mary Kay Representatives or Landscapers, this may not be a good source of new business for you.

Professional Groups
Consider partnering with other trusted providers such as Attorney Accountant Networking Groups (AANG). These groups, as well as CPA and Insurance firms, Architects, Engineers, and yes, Bar Associations may have sub committees that don’t only have attorneys in them. Like, WE CARE Fund, (the nationally recognized charitable arm of the Nassau County Bar Association) may also prove to generate a steady stream of new clients.

Industry Associations
What are the new trends in legal work? Get creative, research associations that match up with your practice area of law. Consider women’s groups or new burgeoning fields such as cybersecurity. Consider verticals that require your expertise. Build-outs in construction need attorneys well versed in mapping out the legal commercial legalese for everything from airports, dams and tunnels. Other verticals to consider are hotels, restaurants, strip malls or sports complexes. Your competitors are not going to be working these niche industries. Stand out and become the leading authority in these fields of law.

Personal Social Groups
Let your interests and passions guide you. Perhaps you are an avid bowler, cyclist or runner. Do you have a passion for art, history, or horses? These networks may prove to be a major new source of business. Political organizations can be a good place, just remember this can also backfire. Let’s face it, everything is political. Steer clear of politics.

Charitable Organizations
Shari Davidson, ” As a member of the American Heart Association Charitable Estates Committee I routinely interface with attorneys, CPA’s, insurance agents and many other trusted advisors on the council. Groups like this are a great place to align your brand or firm and can be a fulfilling experience leading to forging new friendships and new business.”

There are so many reasons why you should put yourself within a powerful network that has, “the resources, tools, and experience to help the professional community … creating an impactful win-win for all.” said Ed Rodbro, Sr. Advisor Charitable Estate Planning for the American Heart Association.

Start building strong relationships and establish yourself as an expert in your field of law. Working with a charity can become a fulfilling way to further the mission of your organization while helping your community.

III.  Select an organization whose values are consistent with your own.
Ask yourself if you like the organization’s board members? Do you feel comfortable working with them? If an organization makes you feel uneasy, then trust your gut. Move on.

Don’t waste time and money getting to know a group that can’t help you. Look at the metrics, trends, and risk mitigation when assessing where to source new business. There is more to networking than securing the mailing list from the business chamber.

Nurturing relationships takes time, set yourself up for success. Get to know one or two contacts at an event. Don’t try and get everyone’s business card. Take an interest in who you meet, learn more about what they do, what’s important to them and make sure you remember them. Invariably you’re going to meet up with that person again. Leverage these new relationships.

Keep a small notepad with you or use an app on your smartphone to take notes. Ideas will pop into your head when chatting with a friend or networking at an event. Write it down, that way you won’t forget. You are a resource and expert in your field, you often are asked for your assessment and opinion on an issue.  Make a note. You are now well on your way to penning that new article or writing a that book you’ve been talking about.

Once you’ve selected the right groups to network with, you’ve got to make the most of your time to bring in the business. In our next article we will help you leverage these powerful new connections.

Want to learn more ways to make it rain? Subscribe to our blog https://www.onbalancesearch.com/category/blog-page/.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today.  Call 516.731.3400 or visit our website at https://www.onbalancesearch.com.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.