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Archive for the ‘Pricing Legal Services’ Category

Learn From Vets When It Comes To Pricing Your Legal Services And Solicitors Receptionists!

Thursday, January 10th, 2013

I went to the vets last night.

My cat has appeared a little unwell for a few days, so I thought it was about time I paid a visit to the vets. Now my cat is called Buttons (more on that in a minute) and he is, I think, 16 years. In terms of upkeep to date, he has been a very good and healthy cat, so thankfully my visits to the vet have been few and far between.

But as he is getting on, and is around 16 years, I didn’t begrudge him the visit (well not too much).

First, his name and his age, they need some clarification. He is called Buttons because that is what he was called when we took him in from a cat rescue charity near Henley (when I was working as a solicitor in Reading). We didn’t think we should change his name as he had had a tough time already, so we were stuck with it.

We are not sure of his age because the cat rescue was not either, but it was safe to say he was at least a year old when we obtained him, and we had him for a year before my first born Megan arrived, and she is nearly 14. (Nearly 14! This means I am currently ageing at around 20 years a day, but that’s a whole ‘other story’ in itself. She is a lovely daughter, but 14)!

Now my vet’s visit was interesting from your perspective, as I hope you will now see, for two reasons.

First, my arrival…

When I arrived early for my appointment the receptionist was talking to another member of staff. They didn’t stop talking until they had finished, and then when the other member of staff walked away the receptionist looked straight at her screen, typed a few buttons (no pun intended) then guessed who I was and who I had in my basket. I received no welcome, no smile and no eye contact. I was told to sit and wait.

Now until then I had thought that Doctor’s receptionists were the worst, seconded only marginally by many solicitors’ receptionists, but I am not sure where to fit the vet now, maybe second pushing solicitors into third. However, you are forced to go to the doctors and it does not cost, whereas you have to pay to see a vet and a solicitor, so there really is no excuse for a grumpy or inefficient receptionist. If you have one, I urge you to replace or relocate them. They will be damaging your business far more than you could ever imagine. For a little exercise, spend 30 minutes once a month standing within earshot but out of eye line of your receptionist and just listen. You might learn a lot!

Second, the price…

I was in for no longer than 15 minutes, during which a bit of prodding was done, weight was taken and a blood sample was provided. This cost me £81. I suggested to the vet that I would pay once she had the results and I could obtain the correct medication. This was clearly not an option; they do not have bad payers so I paid before I left.

Once the blood sample was analysed it was suggested I buy two sorts of drugs, a further £22. So I paid over £100 for 20 minutes of their time. That’s great pricing, and I had to pay immediately, no terms were negotiable; so that’s great cash flow!

I appreciate that selling veterinary services is not the same as selling legal services, but I know from experience of implementing changes in law firms that you can obtain money on account in every type of legal matter, and more perhaps more importantly than that you can increase your charges, even in competitive areas such as conveyancing and Will writing. If you think that that cannot be done, you are only kidding yourself and harming your wallet.

I worked with one firm to increase a fixed price service by 400% over the course of 18 months, when they told me at first that the original price was as much as they could ever charge!

So if you have pricing issues, they are your issues, and if you have a poor receptionist, it is time to train them or change them. It is your business and you must take control of it.

If you want to increase your pricing, reduce bad payers and work on improving all aspects of client conversion, from reception to lead generation, I can work on this with you during the 90 days of my Steady Stream Of New Clients Programme. To find out more, simply sign up for the free guide below and I will send you more information.

Author: Nick Jervis

Should You Display The Price Of Your Legal Services On Your Law Firm Website?

Wednesday, November 14th, 2012

This is a common question and one that can cause much confusion. Should you display the prices of your legal services on your website, or should you deliberately avoid doing this and only discuss the prices for your services once you speak on the telephone?

Would you like the answer immediately, or to be made to wait for it? Well seeing as you spoke so nicely to your computer screen then, here is is:

Do not display your legal services prices on your website!

Why? Displaying your prices simply allows your prospects to use your prices as a benchmark before moving on to call another law firm to find out their prices.

A major supplier of UK Legal conveyancing services discovered that when they put an instant price calculator on their website the enquiries literally dried up overnight. Needless to say they removed it, and instantly the telephone started ringing again!

Whilst it might have been a nice gadget, it failed to bring in the new clients and you must remember that the only purpose of your website is to find you leads and get those leads to the point that they are ready to engage with you.

If your prices are displayed and easy to find on your website, unless you are the cheapest firm in the UK (and that is not a strategy I advise you to follow when new national competitors are entering all of the time) you will lose potential clients.

There needs to be plenty of information on your website about each area of law that you are looking to attract work for, enough so that you prove your expertise and convince a visitor that you are the best firm to handle their transaction, but you do not want to give them everything.

The last part of receiving an instruction from a potential client must come from one on one interaction with them, either face to face or over the telephone. Present all of your prices on your website and you will be a very useful tool for your prospects in gauging other solicitors’ prices, but you will receive no instructions for your own law firm!

Author: Nick Jervis

Legal Price Comparison Websites And High Street Solicitors

Thursday, July 5th, 2012

The Law Society Gazette last Thursday lead on the front cover with a story about how CompareLegalCosts.com has attraced £500,000 in funding to help it grow. If you do not know already, CompareLegalCosts.com sends up to five fixed price quotes to consumers requesting help for private or business legal services. Should you be worried about this type of comparison legal site, or clamouring to sign up?

There is so much fear in the legal services market place at the moment and it seems to drive some solicitors to distraction, others to sign up for every type of new service promising unlimited clients forever, and some to ignore everything and keep doing what they have always done. Which camp do you fall into? If it is the last category, I very much worry for you. Doing what you have always done nowadays is certain to lead only to a reduction in new client instructions, unless what you have always done is have at least 10 different methods of winning new clients which you constantly and persistently develop. However, if what you have always done is just to ‘be there’, now would be a really great time to change that.

A Solid Marketing System Negates Pricing Arguments

If you develop a solid marketing system, meaning that you regularly communicate with past and existing clients, you really can generate as many new client instructions as you need. Of course this takes some time and effort and energy, but the consequences of failing to do this are almost guaranteed failure for your law firm in the future.

If you do not know what to do, or how to get away from the pricing nightmare where you believe that every client only wants the lowest price (as disproved by myself many times with many of my clients, and the American Express survey published on yesterday’s law firm marketing blog), you should download my free 8 Ways Guide at the foot of this page. Then you can see how I encourage you to set up simple marketing systems that ensure when a client asks you to help you with a legal issue, they are only asking you and not shopping around. This is the best and only place to be when it comes to marketing general legal services or High Street Solicitor services.

Take the action I suggest and you will not need to go on Legal Price Comparison websites or other websites offering quick fixes (at significant cost).

Do you agree? Please leave your comments at the foot of the page and I WILL answer them personally.

Author: Nick Jervis

It Is Never About The Price Of Your Legal Services

Wednesday, July 4th, 2012

I always say if you are not selling enough of your legal services and you think it is solely down to pricing, you are wrong. It might be due to poor or inconsistent marketing, lack of applied thought or effort to the sales process, or general disinterest in sales, but it is not about your price.

It is always helpful when evidence supports my argument, so I was pleased to see that a UK survey by the American Express Global Customer Service Barometer confirmed that 61% of those surveyed said they would be prepared to pay more for excellent customer service.

Perhaps more importantly for High Street Solicitors, 81% said they believed that locally owned businesses provided the best customer service experience. So if you were scared of Quality Solicitors, Co-Op Legal Services or any of the newcomers, you can now rest easy. Well, almost.

Put in place marketing processes and systems to communicate with old and new clients consistently, and you will produce all of the clients you want and need AND be able to sell your services at the prices that you want to achieve for them.

Do you agree? Please leave your comments at the foot of the page and I WILL answer them personally.

Author: Nick Jervis

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