getting serious about pr: strategies for business development in a down economy

22
Presented by: John Hellerman Legal Marketing Association – Capital Chapter Washington, DC January 15, 2009 Getting Serious About PR: Strategies for Business Development in a Down Economy

Upload: john-hellerman

Post on 05-Sep-2014

1.556 views

Category:

Business


1 download

DESCRIPTION

Presented by John Hellerman to the Legal Marketing Association Capital ChapterJanuary 15, 2009Washington, DC

TRANSCRIPT

Page 1: Getting Serious About PR: Strategies for Business Development in a Down Economy

Presented by:

John Hellerman

Legal Marketing Association – Capital ChapterWashington, DCJanuary 15, 2009

Getting Serious About PR: Strategies for Business Development in a Down Economy

Page 2: Getting Serious About PR: Strategies for Business Development in a Down Economy

PR’s Problems

1. Resources/Staffing2. Reactive Third-Party Interviews3. Beholden to All Partners “Equally”4. Monthly Perspective5. Clutter6. Measurement (and lack of any)

Page 3: Getting Serious About PR: Strategies for Business Development in a Down Economy

PR’s Opportunity

Random bad news headlines

Page 4: Getting Serious About PR: Strategies for Business Development in a Down Economy

My Biases

1. Down on “Publicity” UNLESS it is campaign oriented

2. Firms should market their products (practices & lawyers) to clients and the firm itself to lawyers.

Page 5: Getting Serious About PR: Strategies for Business Development in a Down Economy

Marketing (“Branding”)

Page 7: Getting Serious About PR: Strategies for Business Development in a Down Economy

On Branding

Firms have brand aspirations Clients define brands (for products and firms)

Brands are valuable (if they’re leveraged) Most law firms have valuable brands (reliable, solid, expert, etc.) Not leveraging and differentiating them properly

We say “branding” we mean “differentiation” – How will the market know what makes us different?

Industry is consolidating its “products” NOT differentiating them

Page 8: Getting Serious About PR: Strategies for Business Development in a Down Economy

The “Branding Process”

A Firm becomes branded by the reputation and

performance of its partners over time.

(The more lawyers with credible reputations the better.)

Page 9: Getting Serious About PR: Strategies for Business Development in a Down Economy

P&G as a Law Firm

Page 10: Getting Serious About PR: Strategies for Business Development in a Down Economy

Marketing What We Sell

Talent is the Product.

The Firm is the Product Marketer.

Page 11: Getting Serious About PR: Strategies for Business Development in a Down Economy

Role of a REALLY GOOD PR Professional

Uses uncontrolled, and therefore credible, participatory channels to

reach and influence lucrativeRELATIONSHIPS

(“Helps make my firm money”)

Page 12: Getting Serious About PR: Strategies for Business Development in a Down Economy

Strategy

“Using Public Relations” vs. “Doing Public Relations”

Apply sophisticated tools down the sales funnel (from general awareness to direct marketing and relationship building).

Create campaigns that impact the 3 R’s: Relationships, Results, and Reputations

Seek compelling content that can be leveraged through multiple channels (internal & external)

Niche Practice/Partner Positioning

Page 13: Getting Serious About PR: Strategies for Business Development in a Down Economy

The Magic 3

Finding

Knowing

Choosing

Market Access

Differentiation

Selection

Results

Reputations

Relationships

Page 14: Getting Serious About PR: Strategies for Business Development in a Down Economy

4 Ways to Maximize Effectiveness

Evangelize PR as Business Development Tool

Think in Campaigns

Develop & Market Branded Content

Measure What Matters

Page 15: Getting Serious About PR: Strategies for Business Development in a Down Economy

Evangelize Marketing

Reluctance Expectation

Obligation Opportunity

Page 16: Getting Serious About PR: Strategies for Business Development in a Down Economy

Partner Issue & Expertise Campaigns

Current Evaluation & Preliminary Strategy Media Market & Target Analysis Spokesperson Identification & Preliminary Messaging Media Training & Final Messaging Material Development & Promotion Evaluation & Adjustment

FIRM (PARTNER) Speaking

FeaturesByline Articles PROSPECT/

CLIENT

3rd Party

NETWORK

Page 17: Getting Serious About PR: Strategies for Business Development in a Down Economy

Partner Issue & Expertise Campaigns

New Leader (Be their navigator) Thought Leadership Partner Relations Associate Satisfaction & Retention Recruiting

New Partner (Be their best friend) Thought Leadership Easy to Measure & Manage Relevant to Management Creates Goodwill Attracts Clients and More Laterals

Winning the war for talent will make you indispensable to your managing partner

Page 18: Getting Serious About PR: Strategies for Business Development in a Down Economy

Strategy’s Success is Evident

Sutherland: Liquified Natural Gas Ford & Harrison: Automotive Dealerships Phillips Nizer: Fashion Industry Davis & Gilbert: Online Gaming Pierce Atwood: Student Loan Lending Troutman Sanders: Solar Panel Leasing Perkins Coie: Chinese Pharmaceuticals Ruskin Moscou: Healthcare Technology Kelley Drye: Indian Outsourcing

Page 19: Getting Serious About PR: Strategies for Business Development in a Down Economy

Develop & Market Branded Content

Blogs Custom Publishing Roundtables/Presentations Surveys Events Training

Page 20: Getting Serious About PR: Strategies for Business Development in a Down Economy

“The Office” ExampleSituation:

Ford & Harrison, the US’s third largest labor and employment firm, wanted a creative way to communicate with current and prospective clients about the legal issues in today’s workplace.

Solution: Develop a blog unique to the HR sector. Market the attachment of the blog to a pop culture reference. Partner with an established publisher to give it instant credibility.

Results: Launched “That’s What She Said,” a blog that puts a litigation value on each episode of

NBC’s The Office, estimating how much Michael Scott’s antics would cost real-life companies to defend in employment lawsuits.

Landed scores of media coverage, including The Wall Street Journal, New York Magazine, and The New York Times.

Blogger Troy Foster and other Ford & Harrison attorneys now receive frequent calls from top-tier media seeking comment on general HR issues unrelated to The Office or the blog.

Page 21: Getting Serious About PR: Strategies for Business Development in a Down Economy

Measure What Matters

Ad equivalency measures are meaningless Law firms are not selling products (incl. shares) to consumers Large circulation outlets are important for credibility NOT

reach Measure the effectiveness of program by what it achieves

NEW RELATIONSHIPS

Page 22: Getting Serious About PR: Strategies for Business Development in a Down Economy

Questions?

Q & A