Do law firms have marketing departments?

Even though most law-firms have resorted to their in-house staff for their marketing, the endeavors have not been in vain. There are higher flexibility alternatives but the basic framework has done just fine for the most part.

How much do law firms spend on marketing?

According to research that was carried out in 2018, law firms spent about 2% of their revenue on business development and marketing. This totaled to just $19,000 for every $1 million in revenue.

Why does a law firm need marketing?

After referrals and recommendations from friends and family, online searches are the most common means of finding a law firm. 70% of law firms have gained new clients through their website. 96% of people seeking legal information or advice look online first.

Journey to $100 Million

Podcast

How Rich Dad Poor Dad Is Starting To Affect Our Investment Strategy

Episode #853

Just recently, Erik started listening to two finance books by Robert Kiyosaki. This topic for today’s episode is not necessarily in direct correlation with the normal things being talked about on Journey to $100 Million podcasts, but in the Journey to $100 Million, it needs money, the capital to make it happen.

And so, Erik shared how Robert Kiyosaki’s books influenced Erik and Kevin’s investment strategy for Array Digital. He also talks about this one investment ‘ trend’ (even Tesla’s investing in it!) they recently get into to ‘preserve’ their money.

May 17, 2021

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About The Hosts

Erik J. Olson is an award-winning digital marketer & entrepreneur. The Founder & CEO of Array Digital, he is also the host of the Journey to $100 Million Flash Briefing and daily podcast, and the organizer of the Marketers Anonymous monthly meetups.

Kevin Daisey is an award-winning digital marketer & entrepreneur. He started his first company when he was just 23, and is the Founder & CMO of Array Digital. Kevin is the also the co-host of the Journey to $100 Million Flash Briefing and daily podcast, and the co-organizer of the Marketers Anonymous monthly meetups.