In one of last week’s posts, I talked about inter-generational tension within some law firms and how it can undermine these firms’ succession planning efforts. But as important as it is not to alienate good young talent through something as silly as generational resentment, law firms that are clueless about demographic differences risk an even more damaging effect: alienating good young clients.
Law firm leaders who complain about the values of their Gen-Y lawyers need to remember that there are a lot of Gen-Y clients out there, too. On the corporate side, Millennials are playing key roles in many forward-looking industries like life sciences, biotechnology, new media, offshoring, financial innovations, and more. On the individual side, Millennials are buying houses, drawing up wills, getting married (and divorced) and starting up small businesses. Thanks to their affluent Boomer parents, they’re not short on funds, and there’s more of them out there every year. But if a law firm can’t even relate to its own Millennial lawyers, how can it realistically expect to gain the confidence of Millennial clients?
This isn’t just about Generation Y, though — this crosses all generations and touches on fundamental issues of marketing and client care. Part of really understanding your clients (something every successful firm has to do) is understanding the demographic leanings and preferences with which every client comes equipped — and having understood them, incorporating them into your strategies both for dealing with these clients and for seeking out new ones.
It’s more than just not sending the earnest Boomer to talk up the jaded Gen-X entrepreneur, or leaving the presumptuous Millennial alone with the distant Silent retiree. It’s about crafting a complete range of tactical approaches to clients — talent selection, methods of communication, service delivery vehicles, etc. — designed to increase a particular client’s engagement, comfort level, and resonance with the firm. Obviously, you can’t tell everything about clients from their year of birth, but generational influences are real, and they need to be factored into all manner of communication, from initial marketing efforts to ongoing service delivery.
Susan Cartier Liebel discusses these important points in a post at Build a Solo Practice LLC about generational relations in the law, which in turn refers to a Copyblogger post by James Chartrand that provides a quick-and-dirty summary of generational attributes. The upshot of James’ article is that marketing and publicity materials need to be targeted to customers in part depending on their generational influences. One of the points of Susan’s article is that this is especially true in lawyers’ relations with clients. Both posts make excellent points that lawyers should read and take to heart when framing how they deal with clients and designing the tailored vehicles by which they communicate to them.