4 Tips For Marketing Your Bankruptcy Practice With Craigslist

Marketing your bankruptcy practice is never easy, online or offline.  No matter what the world thinks, our margins are small when it comes to operating our law firms.  Every dollar out must have a positive impact on the bottom line or it’s wasted.

In the past I’ve talked about using Craigslist for legal marketing purposes, and it seems as if it’s a hot topic.  Given the fact that there’s so much competition in the field right now, this is a good time to revisit the zero-cost marketing game that is Craigslist.

Here, then are my 4 Tips For Marketing Your Bankruptcy Practice With Craigslist:

1.  Choose Your Headlines Wisely. In reviewing the ads showing up at the top of the section today, you can easily see that none of the headlines really grab you by the throat and force you to take notice:

Craigslist Headlines

In fact … well, there are no headlines.  Huge mistake.

Remember, people who read ads scan them for what looks the most interesting.  You need to ask a provocative question, tantalize the reader, or make a bold promise that will encourage them to click on the ad.  If they don’t click, they don’t call.  Period.

2.  Format Your Ads For Greater Effect. Sure, you can use Craigslist as a purely text-based medium.  In fact, it’s just like the old classified ads that lawyers used to buy in the newspapers and Pennysaver papers.  But did you know you can easily use a graphic ad for your Craigslist posting?  Check this one out:

Marketing A Bankruptcy Law Office With Craigslist

The ad could be improved but the fact remains that this one is a heck of a lot more effective than a straight text ad, seen here:

Boston Bankruptcy Lawyer On Craigslist

Does this ad work?  I’m not sure (I don’t know the lawyer who posted it) but I’m going to guess that it’s not nearly as effective as what the first firm did.  Just think – for a few hundred dollars you could get yourself not one, but a number of professionally-designed graphic ads to really make your firm stand out.

3.  Remember that it’s not about you. As with any type of legal marketing, the focus should always be on the prospective client.  Most lawyers suffer from an overabundance of “I” and “we” – and that fails to answer the key question of, “What’s in it for me?”  Phrase your ad in a way that answers this critical question for greater effectiveness.

4.  Make A Non-Threatening Call To Action. Your prospective clients want nothing less than to come to your office to talk about bankruptcy.  Going to a lawyer is scary, and making a bankruptcy consultation appointment isn’t going to happen until they actually make a decision to file.  Craigslist visitors tend to be more in the information-gathering phase, so a call to action that involves a lead generation piece is going to be most effective.

Have you advertised on Craigslist for your bankruptcy practice?  What’s worked for you?  Sound off in the comments below!

Toggl: Track Your Billable Time Easily (And Free!)

Managing a bankruptcy law office requires the ability to keep track of where time is being spent, by whom, and on which matters. For many bankruptcy lawyers, however, time tracking is costly and difficult. There are a bunch of programs out there to help lawyers track time, but they’re all cumbersome and cost money.

You already know I hate to spend money unless it’s for an awesome reason.

About two years ago I was looking for a simple and quick way to track my time.  I didn’t feel like shelling out a bunch of money for a full-featured case management system (I was using Basecamp at the time for my case management, and it didn’t have a real-time application), and even a program like Time And Chaos seemed like overkill.

All I wanted was something I could click to start and click to stop.  I wanted to get reports showing my progress, and I wanted to be able to print out a PDF for my fee applications.  It had to be free, too.

Too much to ask, I thought.  Then I found Toggl.  And over two years later, it’s better than ever.

Toggl is an online time tracker that tracks the number of billable hours you spend on a client project.  In real-time.

Once you register (for free), create a new project for a new client, and “toggl” the on button. Toggl starts tracking the time spent in real-time, right in the web browser.  You can even download an application to your Mac or PC and the data will automatically sync with the web server. Hit stop when you’re done.

Toggl will put together reports – PDF or CSV – for invoicing your clients.  Beyond that, the system lets you look at your time in graphical format.  How much time you’ve billed each day, week, month, etc.  Which days were most productive, least, and stuff like that.

Bottom line?  It’s awesome.

The application is free for up to 5 timekeepers on your team, and the cost is modest for bigger groups.  So go check it out and see if it suits your needs.

Remodeling The Bankruptcy Law Practice

Managing a bankruptcy practice is hard work.  You’re working with clients, bringing in new business, and doing the heavy lifting.  Starting a bankruptcy practice is also difficult, and for different reasons.  But what if you need to start a bankruptcy practice while managing the existing one?  In other word, re-creating a law firm from within?

I’m in the process of arranging to have some work done in my apartment.  We moved in about 12 years ago at a time when we really had no business getting a mortgage in the first place.  With little money behind us and just starting out, my wife (then girlfriend) and I opted to take the place as-is.  And though it was decent enough at the time, the years have taken their toll on our corner of the world.

Specifically, the wood floors need to be re-done.  12 years and a dog have conspired against out (once) lovely floor.  Now it looks like something out of a haunted house.  No choice, we need to get the floors sanded and polished.

Suddenly our lives are turned inside out.  Boxes to be packed, stuff to be moved around, dust curtains to be installed.

But life will go on.  It will be inconvenient but we know that once it’s all done we won’t have to worry about dodging splinters when we walk through the living room.

I always talk about new marketing and practice management ideas for the law firm; most of it comes from running a profitable bankruptcy law firm, which is my perspective as a consumer bankruptcy lawyer.  But how do you implement new ideas and strategies without destroying what may otherwise be a fully-functioning practice?

It’s a question I’ve been thinking about quite a bit lately.  After all, most bankruptcy lawyers are solos or in small firms and don’t have the luxury of ripping out half the practice at a time and leaving the rest undisturbed.  If you’re shutting down, you’re done.  With the transactional nature of consumer bankruptcy work, that’s not an option.

Change needs to come in small bits and pieces, not all at once.  Want to go to an electronic faxing method, scrapping the fax machine entirely?  Open the new account with MaxEMail (my preferred vendor), eFax, or whatever service you choose.  Test it out for a week by forwarding your existing fax number.  Then, after you’ve made sure it works, you can start giving out the new number to clients.  Keep the old one forwarding for a year; then you can disconnect it.

Employees taking too much time off?  Need new policies?  Draft up the manual and pass it around for review and comments.  Let it sink in for a few weeks.  Then, after you’ve made sure everyone’s seen it, announce an effective date a month int the future.  Announce the date and send out periodic emails to staffers to remind them.

Thinking about a virtual assistant to help with the bankruptcy petition drafting?  Find someone you like, train them and give them one petition.  Just one.  Review it, file it, and then give them a second to handle.  Don’t fire your existing paralegal until the virtual assistant has done enough for you to know that he or she is reliable and capable.

See, it’s all a question of transition.  If you make these enormous and jarring changes they’re bound to backfire on you.  You don’t need to move out of the house to get the floors refinished, you can do it room by room.  It takes more time to get done, but you won’t need to worry about being homeless.  The rest of the house will continue to chug along even while the work continues.

Photo courtesy of isnoop.

Starting A Bankruptcy Law Practice – What’s The First Step?

1914076277_059bddaa68_mLots of lawyers are thinking about starting a bankruptcy law practice.  After all, the news keeps telling us how the economy’s in free fall and that people are in worse shape than ever before (at least, worse than they’ve been in a long, long while).

But what’s the first step?

Do you need to know bankruptcy law?  The best computer software?  The right organizations to join?  The perfect books to buy?

Sure, that’s all important – but it isn’t the very first thing to do.

The first thing – absolute, positive Step One – is to make sure you’re cut out for it when thinking about starting a bankruptcy practice.  Know thyself and all that.

You need to know how to market your bankruptcy practice.  Because if you’ve got all the knowledge but no clients then it’s all an academic exercise.  And I’m morally opposed to exercise (though I’m starting to go to the gym, it’s because I feel the creaks in my bones and not because I’m so in love with it).

You can put up an ad, a website, produce a fancy TV and radio commercial, dress up in a suit and play the part.  But unless you attain an understanding of your own motives those legal marketing efforts will ring hollow with your prospects.  And if it isn’t genuine, it isn’t going to work.

Let’s take a step back.

Have you ever gone into a store and been approached by a really good salesperson?  He knows all about the product, the specs, the bells-and-whistles.  He gives you his speech, works out the price, and pretty much does everything right.  Yet when it comes time to open your wallet you stop and decide against it.

Something just isn’t right.  The sales pitch is good, but you’re just not feeling it.  You can sniff the bulls**t, and accordingly take a step back.

Other times, you can walk into a store and meet a salesperson who may not do everything right – he may not know everything about the product, maybe his pricing is a little high, his tie is undone, whatever.  But there’s SOMETHING about this salesperson that just . . . clicks.

He gets you.  He understands your needs, and seems genuinely interested in getting you what you want.  Bingo, he gets the sale.

Same thing here.  If you start a bankruptcy law practice but don’t personally believe in using bankruptcy as a solution and a tool for financial rehabilitation, you’re not going to be genuine.  You may talk the talk well enough, but you’re not going to be able to walk the walk.

Maybe you’ll do OK for awhile, but your prospects will smell it – just like a dog smells fear.  Your marketing will fail at that core level, and your consultations won’t ring true.  They may not be able to put their finger on it, but they’ll know something isn’t right.  And you’ll lose the client to someone else.

Don’t be a bankruptcy lawyer for the money.  Don’t be a bankruptcy lawyer because it’s the latest, hottest trend.  Don’t do it because the bottom fell out of your real estate practice, or because your business has dried up.

Sounds all “new age, touchy-feely,” I know.  But if you can’t get behind something 100%, if your heart isn’t in it, all the other stuff won’t save you.

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