Legal Marketing & PR

Another Firm Increasing Rather Than Decreasing Marketing Budget

By Tom Kane

In a post last month, I mentioned one Texas law firm that actually admitted it was increasing its budget for marketing, rather than decreasing it. Definitely not the trend, I can tell ya. But smart.

Now we hear about a number of firms in the Philadelphia area that will be refocusing, and possibly redirecting their business development efforts, but will not likely be cutting their marketing budgets either, according to an article that appears online in the New York Lawyer (free subscription required).

The comments of Stephen Madva, chairman of Montgomery McCracken Walker & Rhoads, particularly got my attention, and not just because my wife worked at the firm a few years back. What he had to say was that his firm is “absolutely not” going to cut back on marketing, and actually plans to increase it, according to the article.

He said “This is not the time, in my mind, to cut back on marketing…we have to stay top-of-mind with our clients and be out in the community and represent markets as much as possible.” He concluded, “This is not the time to hunker down, it’s time to get our visibility out there.”

Double “amen” to that!

Full post as published by Legal Marketing Blog on January 05, 2009 (boomark / email).