Neil Barrow
Neil Barrow EnabledBD
Business Development Foundations for B2B Law Firms
Business Development Foundations for B2B Law Firms

During this session, participants will go from How do I grow my business intentionally? to Now I have some homework to start planning for growth. We will discuss ideal client profiles, how to plan your activities, understanding your client journey, and how firm leadership can enable other partners' success.

Topics covered include: Law Practice Management
Agenda:
  • Intro
    • What is BD?
    • Mindset

  • BD Foundations
    • Ideal client profile
    • Messaging

  • BD Activities That Don’t Suck
    • Clients
    • Referral sources
    • Prospects
    • Associations/conferences/events

  • Client Journey
    • Consult to the why, not the how
    • Typical journey explored
    • Challenges and opps

  • Firm Leadership
    • Individual BD Plans
    • Practice areas/industry groups
    • BD/pipeline meetings
    • Tracking

  • Close
    • Tips for homework today
    • Q&A
Duration of this webinar: 60 minutes
Originally broadcast: March 07, 2025 11:00 AM PT
Webinar Highlights

This webinar is divided into section summaries, which you can scan for key points and then dive into the sections that interest you the most.

Introduction
Neil aims to provide a framework for business development that is not overwhelming, emphasizing trust and loyalty in client relationships. He shares his core values and services, including a business development sprint to help firms thrive, and stresses the importance of understanding client needs.
Business Development Mindset
Neil discusses the importance of understanding client data to focus business development efforts effectively. He emphasizes the need to generate meaningful conversations and become a trusted advisor rather than focusing solely on sales. Neil outlines the agenda, including business development mindsets, foundational frameworks, and the client journey. He highlights the significance of referrals as the primary source of new business and the need to proactively deepen relationships. Neil shares insights from a law firm experience, illustrating the importance of building trust and overcoming obstacles in business development.
Client Data and Ideal Client Profile
Neil stresses the importance of client data in identifying where to focus business development efforts. He explains the concept of the ideal client profile, which involves identifying commonalities among clients to tailor messaging effectively. Neil encourages focusing on a few high-quality clients rather than many lukewarm ones. He discusses the importance of understanding client relationships and referral sources to generate more referrals. Neil advises on categorizing clients into tiers based on relationship strength and aligning messaging with client needs and competitive differentiation.
Building Relationships and Messaging
Neil emphasizes the importance of building relationships and crafting specific messaging for ideal clients. He advises on starting business development with a simple mindset and provides book recommendations for further learning. Neil discusses the importance of engaging with existing networks and communities to build relationships. Neil outlines the steps to create a business development plan, focusing on client development, referral sources, and brand building.
Developing Business Plans
Neil explains how to craft a client development plan by focusing on relationship strength, services, and profitability. He advises on tiering clients based on relationship strength and setting activities to deepen these relationships. Neil highlights the importance of identifying referral sources and setting goals for engagement with them. He discusses the creation of a prospective client development plan based on the ideal client profile. Neil emphasizes the importance of brand building through associations, conferences, and online presence.
Client Journey and Consulting Approach
Neil discusses the client journey, emphasizing the importance of pre-meeting research and discovery meetings. He advises on consulting rather than selling, focusing on understanding client problems and providing recommendations. Neil highlights the importance of asking hard questions and avoiding barriers in the client journey. He shares insights on presenting pricing and value effectively to potential clients. Neil encourages reviewing approaches and integrating new questions into practice to improve client interactions.
Execution and Accountability
Neil outlines the steps to execute a business development plan, emphasizing enablement and accountability. He advises on setting realistic goals and building activities around clients, referral sources, and brand development. Neil highlights the importance of group meetings for accountability and creating a culture of growth within firms. He discusses the role of leadership in fostering professional development and integrating business development into annual reviews. Neil concludes by summarizing the key points of the webinar and encourages connecting on LinkedIn for further engagement.

Please note this AI-generated summary provides a general overview of the webinar but may not capture all details, nuances, or the exact words of the speaker. For complete accuracy, please refer to the original webinar recording.

Speaker
Neil Barrow
Neil Barrow Founder
EnabledBD

Neil Barrow is the founder of EnabledBD, which builds better business development functions for professional, financial, and consulting service firms, and UndergroundBD, an online community for business development professionals looking for clarity around upskilling and community support. Read More ›

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