Webinar Presented By:** Tarunjeet Singh, Senior Attorney但 Draft n Craft & **Sagar Pratap Singh, Business Development 但 Draft n Craft *
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Webinar on: Client Retention - "A Dilemma"
1. Presented By:
Tarunjeet Singh, Senior Attorney Draft n Craft
Sagar Pratap Singh, Business Development Draft n Craft
Copyright 息 2012 Draft n Craft Legal Outsourcing Pvt. Ltd.
2. Skills Of Attorney
Performance By
Attorney
Satisfaction of
Client
Willingness of
Client
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3. Client Retention a Real Dilemma for
You..???
As a professional, do you always ask
yourself:
WHY retaining a client is TOUGH
HOW is it AFFECTING my day-to-day work
WHAT should be the RIGHT STRATEGIES
HOW to overcome this BIG CHALLENGE
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4. WHO is representing me?
WHAT would I expect?
Whats there for me?
Quality
Competitive Price
Satisfaction
Attorney Client Privilege
Efficient & Proactive Services
Copyright 息 2012 Draft n Craft Legal Outsourcing Pvt. Ltd.
5. 9,000+ law firms in England and Wales
15% to 20% law firms in serious financial
difficulties and on the verge on
insolvency, merger or closure
Recent Mergers:
Pinsent Masons and McGrigors
Davies Arnold Cooper and Beachcroft
Barlow Lyde & Gilbert and Clyde & Co
Weightmans and Mace & Jones
Copyright 息 2012 Draft n Craft Legal Outsourcing Pvt. Ltd.
6. WHAT are you going to ensure
WHEN are you going to ensure
HOW are you going to ensure
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7. CUSTOMERS = CLIENTS
Customers are served by processes
85% of customer related problems are
caused by professionals/organisations work
procedure
To better serve customers, professionals/
organisations must improve their
approaches
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8. - Clients seek to maximize value by:
ESTIMATING which lawyer/firm delivers the
most value
- Lawyers, on the other hand do it by:
FORMING an expectation of value and
acting upon it
EVALUATING their usage experience against
the expectations
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9. 90%
Percentage Retained from
80%
70%
Previous Year
60%
50%
40%
30%
20%
10%
0%
1 2 3 4 5
Years as a customer
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11. FIVE Client Retention Strategies:
Segment existing clients
Interview must-have clients
Create a unique value-add strategy for each
client
Communicate your value-add strategy
Track results and monitor responses
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12. Understand & Involve the Customer
Focus on Key Problems
Select the Right Change Leader
Seek Ideas from Outside the Field
and Organisation
Do Rapid-Cycle Testing for quality
business
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13. Approx 84% of professionals/
organisations uses client retention
marketing strategies..
Maintain a Database
Stay in Touch
Welcome Complaints
Loyalty Programs
Do a Good Job
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15. Small changes do increase client
satisfaction
Satisfied clients are more likely
to show up again and continue
your services
More clients make your work
more rewarding
More admissions and fewer
dropouts improve the bottom line
Copyright 息 2012 Draft n Craft Legal Outsourcing Pvt. Ltd.
16. Keep measuring and
studying the results
until you reach your
objectives and improve
as much as you
DESIRE!
Copyright 息 2012 Draft n Craft Legal Outsourcing Pvt. Ltd.