X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Business-Handshake

For most law firms, last year was a record year for the unexpected—facing disruptions on an unprecedented scale and then scrambling to quickly adapt to drastic market changes posed a huge challenge. In the wake of COVID-19, law firms weren’t prepared for what came as a result. Once their IT infrastructures were updated to fully support remote work, technology helped legal professionals virtually meet and conduct business with clients.

But a harsh reality, however, is that a significant number of business law firms had to adopt cost trimming measures due to a drop-off in demand for their services, save for bankruptcy and reorganization work. These included decreased partner draws, layoffs and pay cuts to furloughs and other cuts.

Now, more than ever before, attorneys and business development professionals at major law firms must look to create smart relationship building strategies and techniques—from content delivery and virtual events to better customer experience and customer relationship management practices. The backdrop of all of this in 2021, however, is that there is greater fiscal scrutiny now more than ever before on how law firms are spending their marketing dollars. They must make every opportunity for client engagement count.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.