Legal Marketing & PR

Companies Want Law Firms to Help Them Increase Revenue and Cut Costs

By Larry Bodine, Esq.

These are turbulent times for corporate clients, which are struggling with management changes, workforce voids caused by layoffs, worries about cost-reduction initiatives and keeping pace with competitors.

This creates an excellent opportunity for professional firms -- including law firms -- to capture their outsourced work by showing companies how to increase revenue growth, decrease operating expenses, and demonstrate their expertise in the client's line of business, according to a new 80-page survey report, "Consulting & Professional Services Firm Hiring by U.S. Middle-Market Companies."

"The ongoing makeover of the business models of many companies is a notable finding in this study," said the author of the report, Mark N. Clemente, Editorial Director of Clemente Communications in Glen Rock, NJ. "In the near-term, companies will be exploring all manner of corporate growth opportunities to transform themselves in an effort to either realize cost-reduction synergies or to support wholesale shifts in strategy. Legal, financial, and strategy experts will invariably be required for those companies pursuing mergers, corporate combinations, and other deal-based growth opportunities," he added.

Clemente is a consultant and author of five books and journal articles on marketing, business communication and corporate development. The research is an X-ray into the factors that cause corporate clients to hire law firms. The study surveyed executives at 250 middle-market companies.

For the rest of the story, visit the LawMarketing Portal at www.lawmarketing.com

The LawMarketing Portal has obtained a $100 discount off the purchase price of the study especially for our readers. Simply visit http://www.clementeonline.com/research_reports.html for further information and how to order your own copy of the report, which has an official price of $495.  LawMarketing Portal readers can buy the report for $395 -- and save $100 -- by using the code LMP2009 when ordering the report.

Full post as published by Larry Bodine's LawMarketing Blog on July 14, 2009 (boomark / email).