Suppose today the managing partner of your law firm, no matter its size, had a bylined opinion-editorial [op-ed] in THE WALL STREET JOURNAL? Of course, that would attract new business, confirm in the mind of current clients that they were shrewd in choosing you, enhance your brand, and make it easier and maybe less expensive to hire desirable laterals.
But today the managing partner's op-ed is not in the WSJ. Instead a contrarian psychiatrist from Tufts has that space. He is Nassir Ghaemi and here you can read his commentary. You can bet that from this day forward it will be easier for the Mood Disorder Center he heads to receive funding, hire brandnames, and attract even more media attention.
What can law firms learn from how Ghaemi succeeded here? There are four lessons:
Take a stand. Boilerplate was tolerated in a more stable era. In fact, much of what had been published in the 20th century in media had a predictable tone and stance. A few statistics were thrown in and a big whig's byline attached and that was that.
Now, to even be considered for placement in any media, no matter how low in the food chain, the material has to be provocative. Better yet if the tone is passionate and idiosyncratic. In itself, this is not entirely new. It's now just a must. Ghaemi positions mental illness as a plus, not a liability. During times of crisis the traits of the so-called "mentally ill" are essential to getting society to the other side of the chaos. Those traits are realism, empathy, resilience, and creativity.
In the late 1980s, contrarian management consultant Peter Drucker would be regularly published in prestigious media such as the WSJ. It was at a time when corporate America was trying to reduce the costs of internal operations such as running the mail room. Instead of focusing on incremental changes, Drucker introduces the outsourcing movement. One op-ed was titled "Sell the Mailroom." On that platform was built the notion of core competence or only keeping in-house functions which produced revenues.
Jones Day has developed its own strong branding by going out on limbs in thinking. Its PRACTICE PERSPECTIVES, edited by product liability expert Mickey Pohl, was ahead of the time in framing law as a business which has to be focused holistically on the client's business, not legal problems in isolation.
Write a book. Since I am a ghostwriter [http://janegenova.com], this sound self-serving. However, it was a book which catapulted Ghaemi into the spotlight. His "A First-Rate Madness" has been published by brandname publisher Penguin.
There is no money in publishing a book. In THE NEW YORK TIMES MAGAZINE, executive editor Bill Keller pointed out that the book market had peaked around 2005. Since then it has been in decline. However, those in professional services never published books for the revenue per se. Books have always been, at least among players, a platform for branding, developing new business, attracting media attention, and charging premium fees.
Invest the resources into doing that book right. [You can reach me at mgenova981@aol.com].
Make friends with media. Reporters are only as good as their sources. Let media know that you will be a source, both off and on the record. Frequently, law firms host educational seminars for prospects and clients. Host the same kinds of quality special events for media, briefing reporters on emerging trends, for example, in corporate governance.
Self-promote. The WASP code of modesty has been over for at least a decade. The new ethos is one of relentless self-promotion. However, as in the old days, that has to be be done with high emotional intelligence [EI]. Here is my free book on boosting EI [Download CUsersjasneDocumentsjg].
Part of EI is understanding the power of third parties. Instead of promoting yourself directly, you arrange with Joe at Corporation X and Sally who works on The Hill to slip in a few words about your approach to mediation. BLOOMBERG BUSINESS WEEK interviewed me on third party intervention [Download BLOOMBERGBUSINESSWEEKinterviewsJaneGenova].
Another major piece of EI is timing. There should be no rush to self-promotion. You have a whole career to do that. The push-back to self-promotion comes because you might be timing it poorly. For example, you casually mention your law firm just got X account to a partner at another firm who has been sidelined into retirement.
Of course, bylined commentary in media is just one strategy in marketing. There are more and they must to leveraged simultaneously. Here is the seminar I delivered on multi-channel marketing [Download Rainmaking].