Exhibit 6 Developing a Target Market Prospect List
| Library | Building Rainmakers: The Definitive Guide to Business Development for Lawyers (ABA) (2016 Ed.) |
(This form has been generously provided by the LawVision Group.)
Getting Organized/Identifying Targets
This step of the sales process can take some time but once it's completed, it's only necessary to update the information on a regular basis (annually). When developing a target list of specific identified prospects for building/strengthening your and the firm's brand, here is a useful guideline to follow. Start by creating a spreadsheet that has the following columns:
Name of company, address, web site URL and phone number Name of decision-maker(s); CFO and GC if applicable A column for each quarter of the year One last column for Next Steps...
(1) Understand Demonstrable Experience—where are our individual/ collective strengths
(a) For litigators, is there specific opposing counsel that attorneys/ firm has success against—if so, set up alerts on those attorneys/ firms, and pursue the companies they are initiating legal action against(2) Identify the potential market—common characteristics may include the following (and can also be a combination of some of the following):
(b) What are we known for that our perceived (market-centric) experience can sell for us?
(c) What strengths/experience do we have that the market may not know us for? For these areas, we'll need to rely more on our experience, pricing, and the market opportunity.
• Number of employees
• Industry segment (e.g., Oil & Gas;
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