Seasoned Warriors Have New Priorities; A Good Business Development Plan Will Reflect This Change.
Law firms are often described as having a “warrior†culture.
Like young soldiers, young lawyers are welcomed to their professions via a period of intense immersion – called boot camp in the military and the associate track in a law firm. At this stage of career development, the demands are intense and the expectations are that you will “suck it up†and do what is asked of you. Only those who can adapt to this culture will survive.
At the next stage, career soldiers and career lawyers plunge into their “gung ho†cultures – and all that goes along with this commitment, including long hours and a sacrifice of personal life to professional needs. If a soldier is called upon to defend his or her country, all other aspects of life are put on hold. If a lawyer is needed to represent the firm and its clients, all other aspects of life are put on hold.
Is it any wonder that many of these seasoned warriors eventually decide that they have had enough? They have fought the good fight that leads to professional success, but now they want to enjoy the parts of their lives that they have put on hold for so many years. Very few senior lawyers dream of being carried off the field on their battle shields.
This is a phase of the work/life process in which personal fulfillment starts to demand equal attention with professional success.
When this happens, lawyers who were previously enthusiastic and successful business developers may decide – consciously or unconsciously – that they will not seek any new business. They are not ready to retire, but just when their skills, reputations, contacts and client relationships are at their peak, they go into hiding. According to the complaints we get from many law firms, many of these senior partners can get labeled as “lazy.â€
What we have discovered is that these senior partners are not lazy at all. The root of the problem lies in the fact that their personal business development plans have not changed to keep pace with their evolving personal priorities. Since their old plans don’t meet their current needs – and this is the only way they know how to development business – they are simply abandoning the old plans.
What senior partners need is a new way to develop business – not for themselves, but for others at the firm.
Coaches can help senior partners assess their evolving professional and personal priorities and come up with a modified business development plan that works for them – and for their firm – at this stage of their careers.
This is a win/win solution to the problem. The law firm continues to benefit from the skills, reputation, contacts and client relationships of the senior partner while the senior partner is able to focus more time on personal priorities. Once senior partners have formal “permission†from the firm to transition to a new kind of business development model, they stop hiding out and once again become valuable business developers.
A junior partner’s business development plan might include the acquisition of new skills – developing the professional and personal skills necessary to be one of the best lawyers in the market area defined in the personal branding process. A senior partner’s plan, by comparison, might include teaching those skills to others – both inside the firm as a mentor or outside the firm as an instructor or professor.
A junior partner’s business development plan might include building a reputation. This can involve publishing, speaking, providing comments to the media or taking a leadership role in an industry group. The plan of a senior partner, who has a well-established reputation, might include co-publishing or co-presenting with junior partners, passing media inquiries along to a junior partner, or helping a junior partner gain a role in the selected industry organization.
A junior partner’s business development plan might include building a network of contacts within a defined market area and then cultivating them in a disciplined fashion. A senior partner’s plan could include sharing an extensive list of contacts and making the appropriate introductions.
A junior partner’s business development plan would include turning some of these contacts into clients. A senior partner’s plan could include working with these junior partners to show them how to turn one-time engagements into clients for life. In addition, senior partners should be thinking about how to start the process of transitioning the relationship with their own clients-for-life to the next generation of firm partners.
By bringing in additional work for others, seasoned warriors can be a valuable resource for law firms seeking to increase business development.