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ARTICLE · 22 FEBRUARY 2022

Business Development 101 for Lawyers: Part 3

The final part of this 3 part series continues to discuss the tools that support business development for lawyers.

AustraliaLaw Practice Management

In the final part of this 3 part series, we continue to discuss the tools that support business development.

Background Research

Research is invaluable. It keeps you up-to-date with what is happening in your clients' world and make you sound informed on the issues important to them. Research can inform you on their current priorities and what their needs will be over the short, medium and long term. You can then speak to this in meetings and in tenders and credentials.

Industry Research

There is a plethora of good information on the internet including industry reports, company annual reports and news items. State libraries are also a good source of free industry information. These sources will give you an insight into the industry players, trends, growth rate, basic statistics, current performance, challenges, outlook and more.

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