The goal of market positioning is to gain a sales advantage over your competitors. It can be done by occupying a distinct place in the minds of buyers. Indeed, well-positioned brands grow faster and have bigger profit margins than poorly positioned ones.
Good market positioning benefits any brand, including law firms. However, getting your positioning requires considering lots of difficult questions. For example, which market segments to target and which ones to give over to the competition.
Answering these questions is especially difficult for law firms. For instance, many of them have a consensus-driven culture and serve different client types. However, law firms just need to use the right approach when facing the problem. To help firms achieve proper market positioning, they need to know about the flavors of positioning:
Law firm market positioning comes in three flavors:
The first challenge for any law firm is to determine which of these three flavors is the best fit.