Jun 19, 2014
3 Reasons Why Law Firms Should Be Active on Social Media
Research conducted by Good2BSocial finds that a majority of law firms understand importance of social media but are reluctant to engage clients with it. On the other hands, top law firms in the US and UK found direct correlations between social media use and client success. As search and social become the go-to methods of finding and sharing information, law firms are slowly recognizing the business advantages of creating content to locate and engage prospects. At Business Development Institute’s recent “Social Media Marketing Summit for Law Firms,” legal experts and content marketing thought leaders discussed the importance of social media as a tool for law firms to get discovered, build credibility, and ultimately generate business.
“It should be the job of every lawyer to be active and engaging on social media,” says Guy Alvarez, chief engagement officer at Good2BSocial. The nature of the industry is changing and large, well-established law firms are facing serious competition from the smaller firms who are using technology to generate greater awareness for their brands and gain more clients. Additionally, law firms that are active on channels that law students frequently access such as Twitter, Facebook, and Instagram have a competitive advantage in recruiting top-tier talent. As discussed at the summit, here are three reasons why law firms should be active on social media:
Social media is a discovery tool
According to Leslie Prizant, general counsel for CarePoint Health, “Content is key but searchability and how easy it is to navigate a website is more important.” In today’s digital environment a strong web presence gives brands an air of credibility, a crucial component to the legal industry which is founded on principles of trust. But searchability is contingent upon several factors, including the quality of content a brand creates and how it is disseminated. Solely relying on owned channels such as the company website, blog, and social media pages to spread awareness limits the reach of messages to existing followers and does not continuously acquire new audiences and influencers. This is where the importance of multi-channel distribution comes in to build credibility and generate greater brand awareness.
“The currency of a law firm is intellectual capital” says Andrew Meranus, regional vice president at PR Newswire, in reference to the importance of content creation and distribution for law firms. Distributing content through a mix of owned, earned, and paid media channels establishes legal expertise and affords brands the opportunity to be heard among new audiences and get noticed by influencers looking for expert sources. Major firms including White & Case and Fenwick West are utilizing wire distribution to promote branded content and drive traffic back to their company websites. Amplification of messages, which must be highly relevant, compelling, timely, and consistent, is what seeds social interactions and drives discoverability for the brand.
Social media is a credibility tool
“We need to be human on social media,” asserts Alvarez, “people hire lawyers not law firms.” Social tools and practices are becoming an important part of criteria that potential clients use when choosing a firm to do business with. Social intelligence tools can help monitor topics of interest and business pain points that are relevant clients and prospects, which helps firms provide the solutions that stay ahead of trends and build their credibility.
Social media is a business acquisition tool
Hans Haglund chief business development and marketing officer at Blank Rome LLP explains that the connection between your firm’s social media strategy and business development strategy is critical. A business development analysis by Blank Rome LLP shows that efficient use of social media increases lead generation and profitability for law firms, with a lead to conversion rate of around 10 percent. It is important to note that conversions are heavily dependent upon good content that is formatted for consumption on social, is shareable, and drives traffic to company website.
Some best practices for law firms who want to create content and engage on social media include:
- Legal messages need to be specifically targeted to relevant audiences. Email blasts and folders with collateral are antiquated marketing methods in the digital age, but powerful content with proper context is effective.
- Get rid of legal jargon. Most readers are business people and they need to be able to understand the information you are providing.
- Make it easy for your clients and targets to share your content by including social share buttons on blog posts, your web site, and client memos.
- Use multimedia and share relevant content. “Visual is an emerging and very important type of content that should be used whenever possible” Alvarez recommends. Instead of a text-heavy blog post, you can create a visual representation of legal processes through infographics. Additionally, Alvarez emphasizes the value of producing videos even if they aren’t of high production quality. For example, videos taken of legal reps speaking at conferences will still be effective because audiences are more interested in the substance of that content rather than the production value.
- Breaker larger pieces of content into smaller pieces. There is a use for longer format but it should not be focus on social media.
- Include a call to action with each piece of content. Longer form pieces should be a value added piece for lead generation, with full-length PDFs and blog posts available for download in exchange for contact information.
- Use keywords people are searching for. If the content is out there, make sure it is available to the people who are actively seeking this information.
- Distribute content across multiple channels. Your digital footprint is a major factor in establishing credibility, expertise, and growing your audience.
For more insight on PR and marketing for law firms, click to view the latest blog post “Legal PR and Marketing: A Behind the Scenes Look” on Profnet Connect.
Author Shannon Ramlochan is the Content Marketing Coordinator at PR Newswire. Follow her on twitter @sramloch.