Three Client-Development Rules for Your First Three Years of Practice
Although somewhat intuitive, I wish I better understood three basic “rules” of client development in my first three years of practice.
1. Bringing in Business Does Not Happen Overnight
Although you might get lucky and bring in business after one chance meeting, it’s more likely that you’ll need to foster a relationship over many months, even years, before someone is willing and able to send you business. You may spend many hours networking before finding the type of event and audience that best suits you and then many more developing relationships and earning the trust of potential clients. Even then, it may be a while before the potential client has a new matter that they might look to you for support. And depending on your firm’s stance, you may not get any “credit” for the hours you spend networking. You may still be expected to meet your billable hour requirement, leaving little room in your schedule for much else. It may be hard to find balance.
2. Having a Client Base Gives You Leverage
If you successfully bring in a decent amount of business, you will have the leverage to negotiate with your firm. They will not want you to leave the firm and take the clients with you. Meeting or exceeding your billable hour requirement is unlikely to give you the same level of leverage.
3. Everyone You Meet Could Be a Client
Nearly any interaction—from the sidelines of the soccer field to the line at the grocery store—could be the start of a client relationship. If you’re serious about client development, try to always be “on.” Make a good first impression and expect that you’ll see them again.
If I’d realized these things earlier, I probably would have developed a business or left private practice sooner. Either way, I would have struggled and stressed less.
–C. Nicole Sullivan, New Jersey