New Client Pipeline Assessment

New Client Pipeline

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Instructions For Use:

1. Enter your name above

2. Select the number next to each statement that best describes how that statement defines you, as the owner of your law firm.

New Client Pipeline

20%

Qualified Lead Generation

Law Firm Qualified Lead Generation Assessment

1. Diversity of Lead Sources

a. The firm relies on fewer than three lead-generating methods.
b. The firm employs three or more distinct lead-generation methods.
c. The firm actively manages and tests multiple lead-generation sources, always exploring new avenues to enhance our pipeline.

2. Exploration of New Lead Sources

a. Due to negative experiences with overpromising marketing companies, the firm has become cautious about pursuing new lead-generation opportunities.
b. The firm is proactive, frequently seeking out and trying new lead sources.
c. We're open to every promising lead source but commit only after rigorous testing to ensure its effectiveness.

3. Social Media Engagement

a. I'm not fond of social media, avoid it personally, and haven't integrated it into our firm's promotional activities.
b. I make efforts to post on the firm's social media, but its impact remains unclear.
c. We have a well-defined social media strategy, focusing on growth through targeted, relevant content tailored to our ideal audience.

4. Content Creation Strategy

a. We don't actively produce content for our audience.
b. We sporadically create content when time permits, without a consistent plan.
c. Our content creation is methodical, with scheduled sessions dedicated to crafting targeted material for specific platforms.

5. Marketing Strategy Review

a. We infrequently review or discuss our marketing and advertising strategies.
b. We conduct weekly meetings to discuss marketing initiatives.
c. Our team has weekly strategic meetings with our marketing director and engages in monthly reviews with vendors to assess marketing effectiveness.

6. Advertising Copy

a. We rarely get involved with writing advertising copy. When we do advertise, we tend to look around at what all other law firms are using and do something similar.
b. We rely on our vendors to create our advertising copy and give feedback when asked.
c. We work with professional copywriters to create compelling copy that helps to optimize our advertising performance.

7. Client Avatar

a. Any idea of who our ideal client is comes from my gut.
b. We have created a client avatar that we believe matches our client demographic.
c. We have studied our past client data, accessed industry data, tested sales copy and advertising and now have a clearly defined client avatar for each of our practice areas.

8. Lead Magnets

a. I don’t know what a lead magnet is.
b. We have a book that we give away if a prospect requests it.
c. We actively develop and market new lead magnets that our prospects perceive as valuable to increase the number of new leads we generate per our ad spend.

9. List Purchasing

a. We don’t purchase lists of our target demographic.
b. We only purchase lists of our target demographic if we intend to use direct mail
c. We regularly purchase lists of our target demographic and use them in several aspects of our marketing strategy.

10. Referral Development System

a. Referrals come to the firm because I do good work for my clients and we have been in business a long time.
b. We receive referrals from clients and other professionals and we do our best to track who sends us referrals and be sure to say thank you.
c. We have a referral development system designed to maximize the number of referrals we receive from our clients and other professionals alike. We actively communicate with our existing list reminding them that we accept referrals. And we have curated a list of existing and potential referral partners that we actively communicate with.

New Client Pipeline

40%

Lead Tracking

Lead Management and Insights Assessment

1. Data Storage of Leads

a. Our firm does not record details of leads unless they schedule an appointment.
b. We log essential contact details (email and phone) of all leads, irrespective of their status.
c. Comprehensive data on all leads, including email, phone, address, and additional contact points, is stored, regularly updated, and audited for accuracy.

2. Non-Qualified Leads Analysis

a. Unqualified leads are not distinguished or documented.
b. We keep records of non-qualified leads, but the data might have inconsistencies.
c. The firm precisely categorizes and tracks non-qualified leads, tracing them back to specific advertising sources.

3. Call Source Tracking

a. Only vendor-provided tracking numbers are in use.
b. We have multiple tracking phone numbers, but their management can be chaotic.
c. All our tracking numbers are organized, enabling us to attribute lead sources down to specific ads and platforms.

4. Landing Page Utilization & Analysis

a. Landing pages aren't a part of our strategy.
b. Dedicated landing pages exist, but their conversion metrics aren't monitored.
c. Each of our landing pages is equipped with tracking, and performance metrics are reviewed monthly.

5. Phone Number Type Analysis

a. We don't classify the type of phone numbers provided by leads.
b. We gauge phone types based on successful or failed text message deliveries.
c. Our system identifies phone types, and we frequently refine our database using third-party tools for accuracy.

6. Lead Communication Preferences

a. We rarely explore our leads' preferred communication channels.
b. If a lead originates from a social media channel, we may utilize that for subsequent interactions.
c. We strive to discern and leverage the communication preferences of our leads, ensuring enhanced engagement.

7. Marketing Expenditure Oversight

a. We lack a systematic approach to monitor our marketing expenditures.
b. Our marketing expenses are tracked and compared to our planned budget.
c. Detailed tracking correlates our marketing spend with lead sources and campaigns, enabling insights into the ROI of each initiative.

8. Financial Analysis of Leads

a. We don't calculate our Cost Per Lead or Cost Per Client Acquisition.
b. We possess a general understanding of our Cost Per Lead and Client Acquisition expenses.
c. We utilize sophisticated tools, backed by thorough manual audits, to derive precise metrics for our Cost Per Lead and Client Acquisition.

9. Systematic Lead Tracking

a. We operate without a dedicated lead tracking system.
b. Spreadsheets serve as our primary tool for lead and outcome documentation.
c. A sophisticated CRM integrates with or complements our management tools, ensuring data is continually updated and reconciled.

10. Lead Outcome Profiling

a. Outcomes post initial lead capture are not tracked.
b. We monitor the progression of each lead – from initial capture, through appointment scheduling to firm engagement.
c. Detailed tracking traces each lead's journey, segmented by lead source, providing insights on appointments, shows, engagement, and retention metrics, all accessible via real-time dashboards.

New Client Pipeline

60%

Intake Process

Lead Intake and Engagement Assessment

1. Handling New Lead Phone Calls

a. Typically, me or my secretary answer when a new lead calls our firm.
b. All employees, including myself, receive new lead calls simultaneously, and whoever is available attends to them.
c. A specialized appointment-setting team is exclusively assigned to manage all incoming calls from new leads.

2. Email Responses to New Leads

a. New lead emails are typically responded to by me or the specific team member I direct them to.
b. New lead emails are sent to a collective distribution list, and the available team member attends to them.
c. New lead emails are automatically processed by our CRM, initiating an immediate communication cycle. Leads are then systematically routed to the appointment-setting team.

3. Lead Response Time

a. We don't actively monitor the duration taken to communicate with a new lead.
b. We prioritize immediate engagement with new leads, striving for a maximum response time of one hour during regular business hours.
c. Our system is designed for instantaneous engagement with all new leads, ensuring immediate communication.

4. Text Messaging Integration

a. Our firm does not employ text messaging for new lead communication.
b. Autoresponder text messages are our primary mode of communication with new leads.
c. Our firm leverages both artificial intelligence and the appointment-setting team for dynamic text messaging with new leads.

5. Appointment Setter Role Management

a. We don't employ specialized appointment setters.
b. Our appointment setters often do more than just set appointments.
c. We have dedicated appointment setters who, when not busy, support other functions like customer service or account management.

6. Hiring Strategy for Appointment Setters

a. We don't follow a specific strategy to recruit appointment setters.
b. Although we hire dedicated appointment setters, managing them can sometimes be challenging.
c. We have an established, efficient hiring process tailored for appointment setters, supported by systems to distinguish high-performing recruits from others.

7. Standardization of Lead Calls

a. There's no uniform approach or script when a new lead calls our firm.
b. While no script is used, all team members are prepared to engage with new leads over the phone.
c. A detailed script and methodology are in place for every new lead call, and only specialized appointment setters, proficient in the procedure, handle these calls.

8. Self-Schedule Appointments

a. We don’t have the ability for our prospects to self-schedule an appointment.
b. We have software that integrates with our calendar or our clients and our prospects to schedule appointments..
c. We utilize our self-scheduling software in a way to maximizes its performance. On the thank you page of our all our lead generation funnels and on our immediate follow-up communication via text and email to a new lead.

9. Performance Review of Appointment Setters

a. We lack a formal mechanism to evaluate our appointment-setting team.
b. While we have an appointment-setting team, we don’t consistently record or review their interactions for quality assurance.
c. Our team undergoes routine scrutiny, including mystery shopping, and their text and phone interactions are recorded and analyzed weekly.

10. Training and Development for Lead Conversion to Appointments

a. We don’t possess a specialized appointment-setting team to be trained.
b. We sporadically train our team on lead management and appointment setting.
c. Our appointment-setting team undergoes training sessions twice per week that include role-plays and reviews of their performance metrics and scorecards.

New Client Pipeline

80%

Sales Process

Consultation and Sales Strategy Assessment

1. Conduct of Initial Consultations

a. I personally handle all the initial consultations.
b. I share the consultations with the other attorney(s) in the office. In addition, we individually manage casework.
c. All initial consultations are systematically managed by a designated attorney or non-attorney salesperson.

2. Purpose of the Consultation

a. I perceive the consultation mainly as an avenue for delivering legal advice.
b. While I offer legal advice during the consult, I recognize the simultaneous goal of securing a new client.
c. My primary objective during the initial consultation is to retain the new client so that we can provide effective legal counsel.

3. Consultation Approach

a. I approach consultations flexibly, adjusting my strategy for each individual prospect.
b. I adhere to a semi-structured format during consultations, but it depends on the situation.
c. I strictly follow a sales structure and script for every consultation, ensuring consistency and efficacy.

4. Initial Consultation Retainer

a. Our stance is that prospects should feel no pressure and should decide post-consultation whether to retain our services.
b. We hope the prospect will choose to retain our services during the consultation, but we don't actively pursue this outcome.
c. We strategize to make the consultation a decisive moment for prospects, aiming to secure their commitment to retain the firm and we expect to use all ethical means to do so.

5. Discussion of Financial Commitment

a. I don’t like talking about our fees, I believe it makes me and the prospect uncomfortable.
b. We believe the fee is an important milestone in the decision-making process and we do inform the prospect of the fee during the consultation.
c. We refer to our fees as an investment. We believe the client is receiving the better part of the agreement.

6. Collection Practices During The Initial Consultation

a. We purposefully don’t look to retain the prospect during the initial consultation, so we don’t collect fees at that point.
b. During the initial consultation, once the client has agreed to retain the firm, we send clients the fee agreement and a payment link, allowing them to finalize at their convenience.
c. Our objective is to finalize the payment for our services during the initial consultation itself.

7. Inspection of Sales Process Reports

a. We don’t inspect the sales process by report.
b. We have access to the sale process data but we only review it reactively.
c. We review our sales process data on a daily basis. If you woke me from a dead sleep at 2 AM, I could tell you our close rate from the day before.

8. Training to Improve Closure Rates

a. There's no specific training regimen to enhance our closure rates during consultations.
b. Initial training is provided to our consultation personnel but we rarely have ongoing training, inspection, and scoring regarding the initial consultation.
c. We engage in a comprehensive and ongoing training program, involving weekly coaching, routine consultation evaluations, and consistent query resolution.

9. Post-consultation Engagement Strategy

a. Prospects not retained post-consultation aren't actively pursued due to a lack of a structured follow-up system.
b. There's an intent to reconnect with non-retained prospects post-consultation, but the execution is inconsistent due to resource constraints.
c. For prospects not immediately retained, a deliberate follow-up appointment is scheduled during the initial consultation itself.

10. Satisfaction Guarantee

a. We don’t offer a guarantee to our potential clients.
b. We’re open to offering a guarantee but we’re concerned about our ability to guarantee our services, the outcome, and what the bar association would say about it.
c. We use our satisfaction guarantee to increase conversion during the initial consultation and to allow the clients a risk-free way to experience what it’s like to do business with our firm...

New Client Pipeline

100%

Unconverted Lead Pipeline and Out of Pipeline

Law Firm Unconverted Leads and Out of Pipeline Assessment

1. Lead Nurturing Strategy

a. Little to no follow-up actions are taken if a lead doesn't convert.
b. We attempt to re-engage unconverted leads, but the consistency and methodology are unclear.
c. We've instituted a comprehensive re-engagement strategy, encompassing multiple communication channels, to nurture and convert hesitant leads and follow up with them for as long as it takes.

2. Email Outreach System

a. Email communication to leads typically originates from myself or an assistant.
b. We utilize a CRM for automating email outreach to unconverted leads.
c. Our CRM not only automates email campaigns but also measures monthly effectiveness, and we maintain the email list rigorously to ensure optimal reach and impact.

3. Engaging Lost Opportunities

a. Outbound calls to re-engage unconverted leads aren't a part of our strategy.
b. An existing team member, alongside other duties, is tasked with making outbound calls to unconverted leads.
c. We have a dedicated outreach team with a structured approach and schedule exclusively for re-engaging unconverted leads.

4. Measure Set Rate As A Percentage (Initial Consultations Set divided by Qualified Leads)

a. We don’t keep track of how many qualified leads we receive, hence we couldn’t calculate this percentage.
b. We can likely access that data, but it’s not something we review regularly
c. We realize this piece of data reveals how well our firm is managing our intake system and we maintain daily records of our set rate and review the data weekly with the appointment-setting team in order to ensure we remain on track.

5. Measure Show Rate As A Percentage (Initial Consultations That Show divided by Appointments Set)

a. We don’t measure the show rate, we do pay attention to that data set
b. We could determine that number with some effort, but it’s not something we do regularly.
c. We realize this piece of data reveals how well our firm is managing our appointment reminder system as well as our intake script and we maintain daily records of our show rate and review the data weekly with the appointment setting team in order to ensure we remain on track

6. Measure Hire Rate As A Percentage (New Client Retentions divided by Qualified Appointments That Show)

a. We don’t measure the hire rate, we do pay attention to that data set
b. We could determine that number with some effort, but it’s not something we do regularly.
c. We realize this piece of data reveals how well our firm is managing our sales system and we maintain daily records of our hire rate and review the data weekly with the sales team in order to ensure we remain on track

7. Lead To New Client Rate (New Client Retentions divided by Total Qualified Leads)

a. We don’t keep track of how many qualified leads we receive, hence we couldn’t calculate this percentage.
b. We could determine that number with some effort, but it’s not something we do regularly.
c. We realize this piece of data reveals how well our firm is managing our lead conversion system as a whole and we maintain monthly records of our lead to new client rates and review the data monthly with the entire lead conversion team to identify potential problems before they happen.

8. Converting Unconverted Qualified Leads

a. If a potential new client doesn’t retain our firm, we do nothing to communicate with them. We’re not going to chase them.
b. If a potential new client doesn’t retain our firm, we will send some emails, and someone will likely call them at least once, but not much more than that.
c. We have a robust system to communicate with every unconverted qualified lead and we follow up with that lead until they buy, die, or unsubscribe.

9. Forms of Communication To Follow-up With Unconverted Qualified Leads

a. We don’t follow-up with unconverted leads
b. We will, at most, use email and the phone to follow up with unconverted qualified leads
c. We utilize whatever forms of communication are available to us to follow up with qualified leads including but not limited to, email, live phone calls, text messaging, voicemail drops, direct mail, and social media direct messaging.

10. New Clients Derived From Unconverted Qualified Leads

a. It’s likely no new clients come from unconverted qualified leads as we don’t chase those prospective new clients
b. We do receive new client from our unconverted qualified leads and we could identify that number but it’s not a data set we pay attention to
c. More than 50% of our new clients are generated from our unconverted qualified lead list follow-up campaigns

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