BarbriSFCourseDetails

Course Details

This CLE course will provide law firms with practical advice and best practices when responding to an RFP for legal services. The panel will discuss what scores best in an RFP response and how to manage an efficient and effective RFP response process at your law firm. The presentation will cover key topics that legal departments are focusing on in RFPs such as diversity, project management, technology, and pricing. The panel will also discuss key steps in the internal response process that should be implemented so that your final product highlights your competitive advantages over your peer firms.

Faculty

Description

The emergence and evolution of legal operations, combined with a global pandemic, has led to more legal spending optimization initiatives by corporate counsel. Issuing an RFP to current and potential legal service providers is becoming a common practice across the legal landscape that is impacting law firms of all sizes.

RFPs can be a great opportunity to retain and potentially expand the work law firms do for a client, or they can be a nightmare where you can lose a client altogether or end up with a pricing model that kills your bottom line. Firms must have a strategy in place to respond to an RFP that allows the attorney and the marketing department to collaborate on a winning response in a short time frame.

Listen as our authoritative panel guides lawyers on successfully responding to an RFP for a preferred panel or specific legal matters. The panel will provide best practices for a concise and cohesive response that will address how you can solve the legal department's issues with supporting evidence of the benefits of choosing your firm.

Outline

  1. Setting up your response strategy with marketing
  2. Developing a theme and value proposition
  3. Customizing the response to the client's business and industry
  4. Incorporating a strategic pricing proposal
  5. Providing solutions to the issues driving the RFP

Benefits

The panel will review these and other issues:

  • Insight into how RFPs are being used by legal departments
  • Tips on how to draft answers that score well
  • How to incorporate storytelling into your RFP response
  • An understanding of what legal departments are looking for in regards to diversity, legal expertise, technology, and other key areas