In today’s competitive landscape for contingency fee law firms, investing in law firm brand marketing is an essential catalyst for law firm growth – one that requires time, commitment, consistency and persistence.
For over 31 years, Glen Lerner, founding partner at Lerner and Rowe Injury Attorneys & Lerner and Rowe Law Group, has consistently invested profits back into marketing his law firm and building its brand. According to Glen, “This takes a lot of intestinal fortitude. We started at $10,000 a month; within 3 to 4 months, we were up to $20,000 a month. Within another 3 to 4 months from that, we were up to $40,000 a month. Every cent we made we put back into the business.”
As a result of Glen’s commitment to investing in law firm brand building, Lerner & Rowe has become one of the country’s premier personal injury firms, expanding their reach to multiple states across the United States.
What are 4 Keys for Investing in Law Firm Brand Marketing?
- Brand building takes time – there are no get rich quick schemes
- Commit to investing profits back into marketing
- Run your law firm like a business – stick to the fundamentals
- Never give up – keep fighting
Watch this 2-minute video for more insight into how Lerner & Rowe has run its law firm like a business, focusing on business fundamentals and investing in brand marketing for long-term success and law firm growth.
Lawyers traditionally struggle with balancing their client work and the pressure of building a financially sound law firm. It is increasingly important for lawyers to understand how the right financing techniques can help alleviate some of their pain points.
As attorneys experience success in building up a practice, an important consideration is how to grow the law firm from a disparate group of attorneys to building up an integrated law firm.
Financing Solutions Tailored to Your Law Firm's Needs
Discover how leading contingency fee law firms are succeeding with financing solutions from Esquire Bank. Learn how your law firm can leverage its contingent case inventory to gain access to capital so you can invest in key business areas and drive sustainable law firm growth.
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