I picked up an interesting statistic from Daniel D. Morris of the VeraSage Institute, who spoke during today's IOMA audio seminar on Law Firm Pricing. He identified why lawyers lose clients:
1% The client dies 3% The client moves away 5% The client has a friend he prefers 9% The client is lost to a competitor 14% The client is dissatisfied with the service 68% The client believes you don't care about them.
This shows that a good marketing strategy for law firms is to improve client relationships and service.
1:22:12 PM
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