Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
These are challenging times for law firms. Most of the AmLaw 100 and Second Hundred law firms have experienced layoffs, affecting both attorneys and staff, including the marketing and business development functions. Client demands and buying patterns are changing. Demand for legal services is down. Some practice area are experiencing unprecedented drought. Some have practically disappeared altogether.
Law firms are changing too, in some cases dramatically. For the past few years, managing partners were dealing with the “war for talent,” $160,000 associate starting salaries and global domination. I don't have to tell you what's on their mind today.
What This Means to Marketing
Attorneys, many experiencing a diminished workload and fearing for their own jobs, are knocking on the marketing department's door looking for the magic seminar or e-newsletter series that will transform their practice overnight.
Law firm marketing departments are trying to deal with more work with fewer staff in a high stress and uncertain environment. A recent poll of corporate leaders showed that 59% are working longer hours, 65% are taking on more responsibilities, 58% are doing more with less reward and 68% are experiencing increased work stress. The others, I presume, have been laid off.
Are you depressed yet? Feeling more than a little anxious? You are not alone. Times of uncertainty and layoffs often lead to negative emotions, a lack of trust in management, and a decrease in productivity. So, what is a CMO or Marketing Director to do in the midst of such chaos? If there is ever a time your team needs leadership, it's now. Here are some leadership tactics that will not only help your team survive the crisis, but strengthen it through the process.
Be Authentic
The most important tactic is not a tactic at all. It's about connecting with others by being who you are as a leader and a person. Being authentic means being honest and open to others' ideas, comments and feedback. Researchers Barry Posner and Jim Kouzes polled thousands of followers, asking this question, “What do you most look for and admire in a leader, someone whose direction they would willingly follow?” The top response was “Honest,” with more than 88% of people reporting that it was the most important quality of a leader.
Bill George, author of “Authentic Leadership,” defines it: “Authentic leaders know who they are. They are “good in their skin,” so good they don't feel a need to impress or please others. They not only inspire those around them, they bring people together around a shared purpose and a common set of values and motivate them to create value for everyone involved.”
Authentic leaders set the tone in their team for an open and honest culture. They know their own values and understand how to translate them into what the team does and how they treat each other. They trust others and earn their trust back. It's about being real, which will instill confidence and trust in a time when these are scarce commodities.
Work on Communication
Focus on clear and frequent communication within your team and with other leaders in your firm. Too often, communication evaporates in the cloud of rumors and fear of downsizing. Communicate to your entire team about what is going on with the firm and the marketplace openly. Inform them of decisions and insights as quickly as you can to minimize gossip. Double the frequency of communication.
Consider Holding 'Un-Exit' Interviews
Exit interviews are intended to reveal what motivated people to leave the firm. Instead, meet with staff one-on-one to increase engagement. Ask them about what may be dragging them down, what both of you can do to increase their engagement, what can be done to reduce their anxiety, or what project or learning experience that they could start that would increase their interest in work. Give people room to experience the range of emotions that come with working in a chaotic and stressful environment. Be empathetic ' take other people's perspective into consideration before you take action or give feedback.
Promote Learning Agility
As marketing and business development teams are downsized while more is expected from the team, you need to create a culture of continuous learning. Staff members will be delegated new responsibilities and expected to learn new skills. Now is the time to cross-train your staff, build competency depth and invest in learning. Often, staff feels overwhelmed with new projects and added responsibilities. Try reframing the situation as an opportunity to learn new skills and gain credibility with the attorneys.
Be Bold
Get out of your comfort zone and try new things, even if it is difficult for you. Try going against the grain if you think the risk will result in your team learning something important or the firm gaining something of significance. Times of crisis often open opportunities to stand out from the competition. Make a difference by attempting something innovative. Creativity will get you noticed, especially in a marketplace that is saturated with bad news. People are willing to tolerate discomfort of change if it leads to learning and achieving a higher goal. Bold and innovative projects often create an esprit-de-corps that builds confidence and credibility among your staff.
Be Optimistic, But Realistic
It is hard to be optimistic when you find yourself checking the Above the Law blog for the latest news in law firm layoffs, hoping not to read about your firm (or your job!). Your team looks to you to set the tone, provide hope and show that the light at the end of the tunnel is not a freight train coming your way.
Focus on Appreciating the Positive
Focus on good things that are happening in your team and in your firm. For example, many firms are seeing attorneys who once thought marketing was a four-letter word now calling for business development coaching and marketing services. Focus on giving positive feedback to your staff and others in the firm. Be specific, timely and public with your praise. Still, you need to be realistic and truthful. A Pollyanna approach will quickly erode credibility. It's a fine line that leaders need to walk.
Sense of Urgency
Having a focus on action and implementation will create a culture that allows your team to adapt quickly to change and will build credibility among your internal clients, the lawyers. Be a leader who is always looking to initiate action and keep things rolling. Focus on helping your staff finish projects and how to improve the process. There is nothing like getting things done, and done well, to communicate the value of the marketing staff to the partnership.
Understand Change
Realize that people deal with change differently. Be aware of your own reactions to change. Observe and understand how other people react to change. People may feel fear, anxiety, and defensiveness. They may become terse, uptight or downright bitchy. Some will complain more and others will completely shut down. It is important to talk about the changes going on and how it affects your team. Your role is to model healthy coping behavior and to make it OK to talk about change. You also need to communicate that some reactions to change are not healthy for the tam and not tolerable.
Manage Your Health
Before an airplane takes off, the attendant gives the safety speech, “In the event of decompression, an air mask will fall from the ceiling, providing oxygen. Put the mask on yourself first, and then help your companions.” Before you can help others you need to take care of yourself. Good leadership is tied to good health and exercise. People are more likely to follow a leader that is in good physical, mental and emotional health. Take time to recharge once in a while. Going 100 miles per hour 24/7 will lead to unproductively in the long run. Find ways for you and your team to take a break and have some fun once in a while.
Have Vision
Despite what some law firm leaders are saying to their firms, survival is not a vision. You need to have a compelling, inspiring vision of the future that motivates people to reach beyond what they think they are capable and willing to do. People are willing to undergo a lot of stress, work and pain to achieve a common, challenging goal that benefits everyone. Your job is to articulate your vision and a plan that clearly illustrates how your team will get there together. Everyone on the team needs to understand their role on the team and how their efforts will help the team fulfill its vision. What's your vision?
These are indeed challenging times for law firms. Strong leaders can take advantage of the recession to build a strong team, initiate structural and cultural change and deepen one's own leadership skills. As economist Paul Romer said, “A crisis is a terrible thing to waste.”
Mark Beese is President of Leadership for Lawyers, a consultancy focused on helping lawyers become stronger leaders and business developers. Find him on the Web at www.leadershipforlawyers.com. He blogs at www.leadershipforlawyers.typepad.com.
These are challenging times for law firms. Most of the AmLaw 100 and Second Hundred law firms have experienced layoffs, affecting both attorneys and staff, including the marketing and business development functions. Client demands and buying patterns are changing. Demand for legal services is down. Some practice area are experiencing unprecedented drought. Some have practically disappeared altogether.
Law firms are changing too, in some cases dramatically. For the past few years, managing partners were dealing with the “war for talent,” $160,000 associate starting salaries and global domination. I don't have to tell you what's on their mind today.
What This Means to Marketing
Attorneys, many experiencing a diminished workload and fearing for their own jobs, are knocking on the marketing department's door looking for the magic seminar or e-newsletter series that will transform their practice overnight.
Law firm marketing departments are trying to deal with more work with fewer staff in a high stress and uncertain environment. A recent poll of corporate leaders showed that 59% are working longer hours, 65% are taking on more responsibilities, 58% are doing more with less reward and 68% are experiencing increased work stress. The others, I presume, have been laid off.
Are you depressed yet? Feeling more than a little anxious? You are not alone. Times of uncertainty and layoffs often lead to negative emotions, a lack of trust in management, and a decrease in productivity. So, what is a CMO or Marketing Director to do in the midst of such chaos? If there is ever a time your team needs leadership, it's now. Here are some leadership tactics that will not only help your team survive the crisis, but strengthen it through the process.
Be Authentic
The most important tactic is not a tactic at all. It's about connecting with others by being who you are as a leader and a person. Being authentic means being honest and open to others' ideas, comments and feedback. Researchers Barry Posner and Jim Kouzes polled thousands of followers, asking this question, “What do you most look for and admire in a leader, someone whose direction they would willingly follow?” The top response was “Honest,” with more than 88% of people reporting that it was the most important quality of a leader.
Bill George, author of “Authentic Leadership,” defines it: “Authentic leaders know who they are. They are “good in their skin,” so good they don't feel a need to impress or please others. They not only inspire those around them, they bring people together around a shared purpose and a common set of values and motivate them to create value for everyone involved.”
Authentic leaders set the tone in their team for an open and honest culture. They know their own values and understand how to translate them into what the team does and how they treat each other. They trust others and earn their trust back. It's about being real, which will instill confidence and trust in a time when these are scarce commodities.
Work on Communication
Focus on clear and frequent communication within your team and with other leaders in your firm. Too often, communication evaporates in the cloud of rumors and fear of downsizing. Communicate to your entire team about what is going on with the firm and the marketplace openly. Inform them of decisions and insights as quickly as you can to minimize gossip. Double the frequency of communication.
Consider Holding 'Un-Exit' Interviews
Exit interviews are intended to reveal what motivated people to leave the firm. Instead, meet with staff one-on-one to increase engagement. Ask them about what may be dragging them down, what both of you can do to increase their engagement, what can be done to reduce their anxiety, or what project or learning experience that they could start that would increase their interest in work. Give people room to experience the range of emotions that come with working in a chaotic and stressful environment. Be empathetic ' take other people's perspective into consideration before you take action or give feedback.
Promote Learning Agility
As marketing and business development teams are downsized while more is expected from the team, you need to create a culture of continuous learning. Staff members will be delegated new responsibilities and expected to learn new skills. Now is the time to cross-train your staff, build competency depth and invest in learning. Often, staff feels overwhelmed with new projects and added responsibilities. Try reframing the situation as an opportunity to learn new skills and gain credibility with the attorneys.
Be Bold
Get out of your comfort zone and try new things, even if it is difficult for you. Try going against the grain if you think the risk will result in your team learning something important or the firm gaining something of significance. Times of crisis often open opportunities to stand out from the competition. Make a difference by attempting something innovative. Creativity will get you noticed, especially in a marketplace that is saturated with bad news. People are willing to tolerate discomfort of change if it leads to learning and achieving a higher goal. Bold and innovative projects often create an esprit-de-corps that builds confidence and credibility among your staff.
Be Optimistic, But Realistic
It is hard to be optimistic when you find yourself checking the Above the Law blog for the latest news in law firm layoffs, hoping not to read about your firm (or your job!). Your team looks to you to set the tone, provide hope and show that the light at the end of the tunnel is not a freight train coming your way.
Focus on Appreciating the Positive
Focus on good things that are happening in your team and in your firm. For example, many firms are seeing attorneys who once thought marketing was a four-letter word now calling for business development coaching and marketing services. Focus on giving positive feedback to your staff and others in the firm. Be specific, timely and public with your praise. Still, you need to be realistic and truthful. A Pollyanna approach will quickly erode credibility. It's a fine line that leaders need to walk.
Sense of Urgency
Having a focus on action and implementation will create a culture that allows your team to adapt quickly to change and will build credibility among your internal clients, the lawyers. Be a leader who is always looking to initiate action and keep things rolling. Focus on helping your staff finish projects and how to improve the process. There is nothing like getting things done, and done well, to communicate the value of the marketing staff to the partnership.
Understand Change
Realize that people deal with change differently. Be aware of your own reactions to change. Observe and understand how other people react to change. People may feel fear, anxiety, and defensiveness. They may become terse, uptight or downright bitchy. Some will complain more and others will completely shut down. It is important to talk about the changes going on and how it affects your team. Your role is to model healthy coping behavior and to make it OK to talk about change. You also need to communicate that some reactions to change are not healthy for the tam and not tolerable.
Manage Your Health
Before an airplane takes off, the attendant gives the safety speech, “In the event of decompression, an air mask will fall from the ceiling, providing oxygen. Put the mask on yourself first, and then help your companions.” Before you can help others you need to take care of yourself. Good leadership is tied to good health and exercise. People are more likely to follow a leader that is in good physical, mental and emotional health. Take time to recharge once in a while. Going 100 miles per hour 24/7 will lead to unproductively in the long run. Find ways for you and your team to take a break and have some fun once in a while.
Have Vision
Despite what some law firm leaders are saying to their firms, survival is not a vision. You need to have a compelling, inspiring vision of the future that motivates people to reach beyond what they think they are capable and willing to do. People are willing to undergo a lot of stress, work and pain to achieve a common, challenging goal that benefits everyone. Your job is to articulate your vision and a plan that clearly illustrates how your team will get there together. Everyone on the team needs to understand their role on the team and how their efforts will help the team fulfill its vision. What's your vision?
These are indeed challenging times for law firms. Strong leaders can take advantage of the recession to build a strong team, initiate structural and cultural change and deepen one's own leadership skills. As economist Paul Romer said, “A crisis is a terrible thing to waste.”
Mark Beese is President of Leadership for Lawyers, a consultancy focused on helping lawyers become stronger leaders and business developers. Find him on the Web at www.leadershipforlawyers.com. He blogs at www.leadershipforlawyers.typepad.com.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?