24 Sep
Chief Marketing Officer (CMO) Dinner, New York Thought Leaders
Posted in Alternative Fee Arrangements, Business Intelligence, Law Firm Marketing, Practice Management by Peter No CommentsThis past week my company, Manzama, had the pleasure of hosting a Chief Marketing Officer Dinner in New York City. The group was an intimate one, approximately 15-18 CMOs from some of the largest law firms in New York. And, while I am not at liberty to discuss specific firms or comments, I would like to share some of the big ideas I heard at the table as various questions were posed to the group as a whole:
(a) Profitability – The expectation is that it’s not just the accounting team’s responsibility to understand matter and client profitability metrics. The responsibility is a collective one, especially in light of the fact that marketing/business development are the first line of defense when it comes to interfacing with client teams and concerns;
(b) Business Intelligence – some firms have re-organized to fold library and other traditionally IT functions into the marketing departments – do we see a trend here as more of these folks are asked to perform business intelligence functions that need to closely align with the firm’s marketing strategies;
(c ) Contract lawyers – growing percentage of firms are using contract lawyers in a number of different contexts.
It’s a rare event to get a group like this together to share thoughts over dinner. In the event this blog entry finds them, I wanted to personally thank each and everyone for their time and interest.
Best,
Peter



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