Transform Your Marketing Function into a Growth Engine℠
A personal injury firm in a very competitive, large metropolitan area was once a market leader but had experienced a dramatic decline in signed cases over the past 2 years, forcing a cut in legal staff and a reduction in other costs. The firm owner was convinced the decline was driven by outdated marketing practices. Their marketing investment was not generating the returns they once enjoyed.
We placed an experienced CMO on the leadership team with the goal of accelerating growth and restoring the firm to a market leadership position over the course of 9 months.
The assigned CMO implemented our proven approach, the Marketing Transformation Flywheel, to lead the creation of a custom, scalable marketing function to accelerate growth of the firm. This involved a thorough assessment and audit of existing marketing practices, customized strategy development, build/execution of their marketing funnel, and optimization of performance to deliver accelerated growth.
This phase identified gaps and opportunities across the marketing function and necessary optimizations across existing marketing channels. This also provided the foundation of their custom strategy for marketing. This work included:
This phase was guided by our assessment and audit and was specifically designed to support the growth goals of the firm. These included:
This phase focused on the development of a tactical plan for rapid execution. This included:
This phase was focused on the analysis of marketing performance and the optimization across all channels.
This personal injury firm saw a sharp upward trend in cases per month, with signed cases increasing from 61 cases per month in month two to 175 cases per month in month nine – an acceleration of more than 2.5 times. This was not achieved by increasing marketing spend, but by shifting spend to more modernized and effective marketing channels, campaigns, and executions.
This law firm case study shows an effective turnaround. The firm has been returned to a market leadership position after nine months. A new internal/external marketing team organization was also implemented and our CMO continued working with the firm in a mentoring/advisory role to ensure momentum continues.