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EACD Regional Debate

How to survive in a
professional services firm?
Agenda


 The firm:    - where do we come from
               - who we are and
               - what we do?

 The people: how to deal with lawyers?

 The brand:   how to create & maintain a strong brand?

 The proof:   how to demonstrate it all?
The firm: where do we come from?

 Loyens & Loeff started in 2000 following a merger of:
    the tax lawyers of Loyens & Volkmaars and
    part of the attorneys and civil law notaries of Loeff Claeys
     Verbeke.

 Roots of the firm go back to the beginning of the 20th century

 First firm in the Benelux where attorneys, tax lawyers and civil law
  notaries offer their services on a large scale in an integrated way

 Loyens & Loeff has set a new standard in the legal and tax world
Leading in the Benelux


   The only true Benelux firm, with offices in

     •   Amsterdam
     •   Rotterdam
     •   Brussels
     •   Luxembourg
     •   Arnhem
     •   Eindhoven

   Innovative solutions for international companies and
    investors in the Netherlands, Belgium and Luxembourg
International Offices & Network

   International offices in the world’s major financial centres

   Europe                       Outside Europe
      Frankfurt                    Aruba
      Geneva                       Curacao
      London                       Dubai
      Paris                        New York
      Zürich                       Singapore
                                    Tokyo

   Specialists in cross-border transactions and advice

   Excellent and long-standing working relationships with the best
    firms around the world

   Country region specialists in the Benelux
Key figures

                                  Total staff: 1.517   (30 April 2010)

 Total turnover 2009
    EUR 284 mln                   Steady growth in number of fee-earners
                                    • Tax lawyers 399                       Turnover per group
     Geographical turnover
          in € mln                  • Attorneys 366                     130
                                                                                 in € mln
                                                                                              31
                                                                        46%                  11%
23
8%
                                    • Civil Law Notaries – 106
                                    • Advisers: 12
                         261
                         92%
                                  Academic Profile                       Attorneys
                                                                                                123
     Outside Benelux                                                                            43%
     Benelux                        • 15 professors                       Tax lawyers
                                                                           Civil law notaries


                                    • 22 doctoral candidates
                                    • 27 lecturers
The people: How to deal with lawyers?

 Question: why are lawyers often disappointed in marketing people and
  why do marketing teams feel cut out?
 Answer: mismatch between the types of people
 Conclusion: Lawyers are from Mars, Marketing people are from Mercury


 Punishment for Mercurians: live with lawyers on Mars
 Mars: a forbidden environment, because admitting faults, showing
weakness or     apologizing is something a lawyer simply does not do
 Solution: create a lasting peace between Martians and Mercurians for
effective marketing
Lasting peace is based on


   Mutual trust
   Understanding differences and difficulties
   Communications between the two sides
   Coherent strategy based on mutual respect and common goals
What do Martians value?


Mars = the god of war
   power
   competency
   efficiency
   achievement
   prove themselves
   ability to achieve results
   success and accomplishment
What do Martians want?

 billable hours
 left alone (by Mercurians)


Why? Time spent on marketing means less time for billable hours!


Goal in life: to accumulate as many billable hours as possible!


If a Mercurian can demonstrate that he or she can help achieving this
goal, Martians will lend support
Key Martian attributes

 brains of the law firm
 see small picture
 help = sign of weakness
 Martians respect other Martians
 pessimists
 words vs. pictures
 publicity shy, don't trust others (especially the press)
 know all
 poor communicators
 talks more than listens
Martian proverbs


 Mercurians are motivated and empowered when they feel useful,
  needed and cherished

 Being a Martian means never having to say sorry!
What do Mercurians want:


Mercury = the inventor of the alphabet,
          ingenious, eloquent, persuasive,
          divining the future (in Greek: Hermes)
 a salary
 to be of use to the Martians
 value: love, communications, relationships and branded stationery!
 communications of primary importance
 big picture people
 value activity
Mercurian proverbs


 To admire a Martian is to regard him/her with wonder, delight and
  approval. When Martians feel admired, they feel secure enough
  to shine and confident enough to grab new business

 A Martian primarily needs to be encouraged by a Mercurian. A
  Mercurian's encouraging attitude gives hope and courage to a
  Martian by expressing confidence in his/her abilities and
  character.
Key Mercurian attributes

 arms & legs & mouth of the law firm
 see the whole picture
 want help? just ask!
 trust everyone (especially the press!)
 results vs. process
 optimists
 pictures vs. words
 like people, not things
 all publicity = good
 most pleased when actively engaged
 like noise
How can lawyers and marketing people
               pro actively create new biz together?


7 steps programme:

 macro economic analysis
 analysis of the (legal) market
 evaluation of market opportunity
 matching strengths and resources to market needs
 identifying and targeting key clients, decision makers, prospects
 relaying the message
 getting the business:
    • sales pitch
    • follow-up
Combining this with an instinctive
                          approach you get:

 To be innovative you have to:

 observe
 orient
 decide
 attack
Recent trend in marketing management: being involved in public policy
issues (example: L&L and ‘Commissie Davids’)


The point is to be really close to the action if you want to influence people
which is the essence of a good legal marketing strategy
The proof: lots of awards
www.loyensloeff.com


Amsterdam    Arnhem     Brussels
Eindhoven Luxembourg        Rotterdam


Aruba   Curacao     Dubai   Frankfurt   Geneva    London
New York    Paris   Singapore   Tokyo    Zurich

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Surviving in a Professional Services Firm

  • 1. Share the knowledge... EACD Regional Debate How to survive in a professional services firm?
  • 2. Agenda  The firm: - where do we come from - who we are and - what we do?  The people: how to deal with lawyers?  The brand: how to create & maintain a strong brand?  The proof: how to demonstrate it all?
  • 3. The firm: where do we come from?  Loyens & Loeff started in 2000 following a merger of:  the tax lawyers of Loyens & Volkmaars and  part of the attorneys and civil law notaries of Loeff Claeys Verbeke.  Roots of the firm go back to the beginning of the 20th century  First firm in the Benelux where attorneys, tax lawyers and civil law notaries offer their services on a large scale in an integrated way  Loyens & Loeff has set a new standard in the legal and tax world
  • 4. Leading in the Benelux  The only true Benelux firm, with offices in • Amsterdam • Rotterdam • Brussels • Luxembourg • Arnhem • Eindhoven  Innovative solutions for international companies and investors in the Netherlands, Belgium and Luxembourg
  • 5. International Offices & Network  International offices in the world’s major financial centres  Europe  Outside Europe  Frankfurt  Aruba  Geneva  Curacao  London  Dubai  Paris  New York  Zürich  Singapore  Tokyo  Specialists in cross-border transactions and advice  Excellent and long-standing working relationships with the best firms around the world  Country region specialists in the Benelux
  • 6. Key figures  Total staff: 1.517 (30 April 2010) Total turnover 2009 EUR 284 mln  Steady growth in number of fee-earners • Tax lawyers 399 Turnover per group Geographical turnover in € mln • Attorneys 366 130 in € mln 31 46% 11% 23 8% • Civil Law Notaries – 106 • Advisers: 12 261 92%  Academic Profile Attorneys 123 Outside Benelux 43% Benelux • 15 professors Tax lawyers Civil law notaries • 22 doctoral candidates • 27 lecturers
  • 7. The people: How to deal with lawyers?  Question: why are lawyers often disappointed in marketing people and why do marketing teams feel cut out?  Answer: mismatch between the types of people  Conclusion: Lawyers are from Mars, Marketing people are from Mercury  Punishment for Mercurians: live with lawyers on Mars  Mars: a forbidden environment, because admitting faults, showing weakness or apologizing is something a lawyer simply does not do  Solution: create a lasting peace between Martians and Mercurians for effective marketing
  • 8. Lasting peace is based on  Mutual trust  Understanding differences and difficulties  Communications between the two sides  Coherent strategy based on mutual respect and common goals
  • 9. What do Martians value? Mars = the god of war  power  competency  efficiency  achievement  prove themselves  ability to achieve results  success and accomplishment
  • 10. What do Martians want?  billable hours  left alone (by Mercurians) Why? Time spent on marketing means less time for billable hours! Goal in life: to accumulate as many billable hours as possible! If a Mercurian can demonstrate that he or she can help achieving this goal, Martians will lend support
  • 11. Key Martian attributes  brains of the law firm  see small picture  help = sign of weakness  Martians respect other Martians  pessimists  words vs. pictures  publicity shy, don't trust others (especially the press)  know all  poor communicators  talks more than listens
  • 12. Martian proverbs  Mercurians are motivated and empowered when they feel useful, needed and cherished  Being a Martian means never having to say sorry!
  • 13. What do Mercurians want: Mercury = the inventor of the alphabet, ingenious, eloquent, persuasive, divining the future (in Greek: Hermes)  a salary  to be of use to the Martians  value: love, communications, relationships and branded stationery!  communications of primary importance  big picture people  value activity
  • 14. Mercurian proverbs  To admire a Martian is to regard him/her with wonder, delight and approval. When Martians feel admired, they feel secure enough to shine and confident enough to grab new business  A Martian primarily needs to be encouraged by a Mercurian. A Mercurian's encouraging attitude gives hope and courage to a Martian by expressing confidence in his/her abilities and character.
  • 15. Key Mercurian attributes  arms & legs & mouth of the law firm  see the whole picture  want help? just ask!  trust everyone (especially the press!)  results vs. process  optimists  pictures vs. words  like people, not things  all publicity = good  most pleased when actively engaged  like noise
  • 16. How can lawyers and marketing people pro actively create new biz together? 7 steps programme:  macro economic analysis  analysis of the (legal) market  evaluation of market opportunity  matching strengths and resources to market needs  identifying and targeting key clients, decision makers, prospects  relaying the message  getting the business: • sales pitch • follow-up
  • 17. Combining this with an instinctive approach you get:  To be innovative you have to:  observe  orient  decide  attack Recent trend in marketing management: being involved in public policy issues (example: L&L and ‘Commissie Davids’) The point is to be really close to the action if you want to influence people which is the essence of a good legal marketing strategy
  • 18. The proof: lots of awards
  • 19. www.loyensloeff.com Amsterdam Arnhem Brussels Eindhoven Luxembourg Rotterdam Aruba Curacao Dubai Frankfurt Geneva London New York Paris Singapore Tokyo Zurich