• Thought Leadership e book – 12 Experts on the Thought Leadership Challenges of 2012

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    19 Jan 2012

    Two free ebooks on thought leadership

    Hi, I’ve got two great, free thought leadership e books for you.  I don’t even want your name - just go ahead and download them.  All I ask is that if you like them or feel they can add value to others please tweet about them or send your contacts a link to this page.  Thanks, I really appreciate it.

    1.  The first is an ebook with answers to four critical thought leadership questions for 2012 from 12 experts in this field.  The experts include:  Bob Buday, Erica Klein, David Meerman Scott, Jeff Ernst, Rob Leavitt, Britton Manasco, Dana van den Heuvel, Matt Church, Fiona Czerniawska, Dale Bryce, Elizabeth Sosnow, Marte Semb Aasmundsen and me.  Click on this title to get your pdf copy  Challenges facing thought leadership in 2012 – the views from 12 experts
    2. The second is a seven step methodology for arriving at a thought leadership positon.  It is taken from two chapters of my book: “Brand Stand: seven steps to thought leadership” which you can order by clicking on the Brand Stand book icon at the  top right of this page.  In the meantime, to download a pdf of the seven steps, click on this title  Seven steps to thought leadership – START IP eBook_

    Happy reading - I’d be delighted if you have any comments/thoughts for you to share them with me on twitter @thoughtstrategy, on this blog, via a mail cbadings@cannings.net.au or via Linked In.

    Yours in thought leadership.

    Craig Badings

     

     

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  • 9 great ways to avoid being a thought leader

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    17 Jan 2012

    Nine ways you can avoid being a thought leader

    If the word thought leader gives you cold chills, you don’t want the limelight, you don’t want anyone to know about your expertise and you are dead set on hiding your light under a bushel, here are nine ways to go about it…

    1. Don’t say anything new and if you do have new thoughts about your business sector or your niche area of expertise, please do everyone and yourself a favour – keep them to yourself.
    2. Immediately cull any inquisitiveness you have around your clients’ or customers’ issues and challenges.  If you do find out anything valuable, keep it to yourself and don’t do anything about it.
    3. Don’t share any of that latent intellectual property – you cannot afford to have anyone know that you have unique insights to share.
    4. Put away any thoughts of research that could shed some light on topics of interest to your client.  You may stumble across something that vaguely positions you as someone with insight and you can’t afford for that to happen.
    5. Don’t ever scan your competitors to ascertain where the gaps are that you could fill with your expertise and insights.  This is a long, slippery slope to being recognized as something in a thought leadership position.
    6. Never deep dive on an issue or topic of concern to your clients and if you do, make sure no-one knows.  Be extra careful for once you’re labeled as a thought leader it’s very difficult to shake that perception.
    7. Steer clear of packaging your content in any way that vaguely says to the market you have anything new or insightful to share.  Heck, they may turn to you for advice and then what will you do?
    8. Keep a very low social media profile.  If you do have one keep it personal and don’t let on that you’re an expert in anything.
      Remember there’s no digital eraser and you don’t want rumours spreading online that you could have any insights to share.
    9. Finally, it was Andy Warhol who said we will all have our 15 minutes of fame. You face a conundrum.  Make sure your 15 minutes aren’t about your expertise at work – you may need to seek your 15 minutes elsewhere.  It may be that you are the world’s best Mom or Dad but even then be cautioned you can’t write about or speak about it…after all you may find yourself on the speaking circuit or being interviewed on Breakfast TV as the modern day guru on parenting. And we can’t have that now can we?

    If you have any other tips on how to avoid beinga thought leader let me know.  Please download my free e book top right of this page. Follow me on twitter @thoughtstrategy and join me on LinkedIn.

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  • Thought Jacking your way to thought leadership

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    29 Nov 2011

    If you can Newsjack you can thoughtjack for your thought leadership

    I’m thought jacking David Meerman Scott’s latest e book – Newsjacking: How to Inject Your Ideas into a Breaking News Story and Generate Tons of Media Coverage (Wiley).

    The premise of David’s new book is how to piggyback and take advantage of the momentum of a breaking news story for you or your company by injecting a fresh perspective in real time.  I must admit having been in the PR industry for 22 years, newsjacking isn’t really new but David has put a new slant on it and articulated it very well.

    How thought leaders can thoughtjack

    Thought leaders should take a lesson out of David’s book because if you can Newsjack you can thoughtjack and here are four ways how to do it:

    1. Scan the media - for ideas that play to your thought leadership platform and react if you believe there is a significant wave of sentiment or media focus
    2. Track trends - in social media, mainstream and trade press for early identification of any new, developing trends and integrate these into your thought leadership campaign
    3. Do they care- research the trends with your target audiences to find out whether they care about them and how they will influence their business
    4. Get to market – use all relevant channels at your disposal to get your new thought leadership insights to market.

    David Meerman Scott on thought leadership

    But before you do take our thought leadership to market, in fact before you even start, take heed of what David had to say when I interviewed him about thought leadership and content for this blog:

    “The problem is that most organizations create content about their stupid products. What people need to realize is that nobody cares about your products (except you).  What people do care about are themselves and ways to solve their problems.

    “People also like to be entertained and to share in something remarkable. In order to have people talk about you and your ideas, you must resist the urge to hype your products and services. And you must resist the urge to “control the message. Create something interesting that will be talked about online.”  David Meerman Scott.

    There are two critical points in what David has to say above.  The first is that people care about themselves and ways to solve their problems.  The second is that you should create something interesting that will be talked about.

    If you have followed the four thoughtjacking points above you should be able to tick both boxes.

     

    Feel free to download my e book at the top right of this page.  I’d welcome you to follow me on twitter @thoughtstrategy and
    join me on
    LinkedIn.

     

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  • BOOZ TAKES OUT TOP THOUGHT LEADERSHIP RANKING

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    25 Aug 2011

    Every year White Space ranks professional services firms in terms of their thought leadership presence.  Fiona Czerniawska, who I interviewed for this blog earlier this year, is one of the global authorities on thought leadership, particularly in the management consultancy space. 

    White Space is a subscriber-based web service for anyone interested in thought leadership.  They offer qualitative and quantitative evaluation of more than 18,000 pieces of thought leadership from about 25 leading consulting firms. 

    They rate consulting firms’ thought leadership twice a year, in July and in January/February. 

    Thought leadership ranking criteria

    What I find interesting and what is a valuable lesson for any firm interested in thought leadership, are the criteria Fiona uses to rank thought leadership at these firms.

    A single ranking criteria is way too narrow and limiting and as Fiona says:  “It tends to mask the fact that firms tend to be good at different things.”  So instead she has come up with four different quality criteria:   

    • Differentiation – the originality or distinctiveness of thought leadership conclusions 
    • Resilience – the depth of thinking and/or extent of evident research    
    • Appeal – the extent to which clients will perceive the material to be relevant to their specific circumstances
    • Appropriate commercialisation – the likelihood the material will encourage the audience to take action.

    Good thought leadership campaigns should…

    When one dissects these criteria they reflect exactly what a good thought leadership campaign should comprise i.e.

    • It should differentiate you from the competition
    • It should show deep, empirical research to back up your experience, interpretation and opinion
    • It should absolutely be client centric – in fact you should have first researched the client’s issues and challenges now and into the future
    • It should singularly aim to achieve something with your clients or prospects e.g. to get in front of the boards of the top 100 listed companies.

    The thought leadership rankings

    Fiona’s rankings show that the group of firms at the top end has not changed dramatically.  Booz&company is just ahead of what Fiona has labelled “ a resurgent Boston Consulting Group” whose position went from 6 to 2.

    The reason for their resurgence?  White Space says that it is not only because of some of their excellent material but also because they managed to weed out or avoid poorer-quality material.

    Another firm that moved up the rankings was Accenture which moved from eight to six. 

    Besides the names already mentioned, other names that cropped up across the four criteria included:  McKinsey, IBM, Roland Berger, PwC, Right Management, Hay Group, E&Y and KPMG

    White Space is a subscriber-based web service for anyone interested in thought leadership.  They offer qualitative and quantitative evaluation of more than 18,000 pieces of thought leadership from about 25 leading consulting firms. 

    Please download my free e book top right of this page.  Follow me on twitter @thoughtstrategy and join me on LinkedIn.

     

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  • Thought leadership model missing one critical piece

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    20 Jun 2011

    One critical piece missing from this thought leadership model

    One critical piece missing from this thought leadership model

    I really like Shane Gibson’s thought leadership model pictured above. 

    It’s simple yet has some good depth to its structure.  In particular I like the inner circle elements of creator, contributor and networker.  However, like any model there are always gaps.  The glaring one for me in this model (no offence Shane – if you had to add everything it would lose the point) is the lack of reference or focus on the client/target audience.

    Why? Because thought leadership without a focus on your end audience is not going to deliver the  business outcomes you want.

    Thought leadership has to be a business tool

     

    Every thought leadership campaign should have a customer/client focus and should have specific outcomes and therefore measurements that can be applied.

    Creating great content is not good enough.

    Curating awesome content is not good enough.

    Making your content look great is a waste of effort time and money.

    In fact don’t bother wasting your time unless there is a very specific client focus around your thought leadership content and it has at its centre the need to address the issues and challenges your audience face now and into the future.

    Thought leadership requires research

     

    Before you start your thought leadership campaign you can save yourself and lot of time and effort by first researching your audience, their issues, their current and future challenges.

    It is this sort of research that will uncover your thought leadership opportunity and the ability, as Shane’s one segment so aptly describes, to have ‘relevant, engaging conversations.’

    We should not forget that rule no1 of any thought leadership campaign is that it should first and foremost be a business driver with measurable outcomes.

    I would love to hear your thoughts.  Please download my free e book top right of this page.  Follow me on twitter @thoughtstrategy and join me on LinkedIn.

           

     

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  • The 9 fundamentals of thought leadership

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    5 Apr 2011

    The nine fundamentals to thought leadership

    The nine fundamentals to thought leadership

    Here are the nine fundamentals to being a thought leader:

    1.)    Research your target audience – identify the challenges and issues they face in their daily lives/businesses. This is the most important clue and driver of your thought leadership direction.

     

    2.)    What do you want to be famous for? – Identify what area you want to own in your sector or industry. Focus on where your areas of expertise lie and analyse how you can you build an even deeper understanding backed by empirical data and always remember to focus it on your clients’ needs.

     

    3.)    Scan your competitors – are they doing anything in that space? If they are, don’t bother competing rather find a new space you can own.

     

    4.)    Deep dive – once you’ve identified the space you want to own it is important to go really deep into that area with evidence based research – opinions and using other people’s content certainly won’t cut it if you truly want to position yourself as a thought leader.

     

    5.)    Set objectives and kpis for your campaign – it needs to support and underpin some solid business objectives and it needs to be measured so that improvements can b made and it can be recalibrated along the way.

     

    6.)    Say something new – if you don’t your so-called thought leadership point of view will realistically only amount to another piece of content and there is a lot of content out there. This is about differentiating yourself from your competitors and positioning yourselves as the trusted advisors or ‘go to’ experts in your field.

     

    7.)    Thought leadership champions – Identify and involve your thought leadership champions from the beginning – someone has to own this and act as your spokesperson and preferably someone senior so that you gain the business traction and senior backing you need in order for it to be a success.

     

    8.)    Leverage and packaging – cleverly package your content across every touch point of your target audience and prospects.   There is a lot written about content management, content marketing, content curation.  Call it what you will, the point is read the material it will give you some good ideas on how to leverage your content and take it to market.

     

    9.)    Make it part of your culture – there are many well known brands out there such as McKinsey, Deloitte, Booz & Company who have thought leadership ingrained in their culture.  They manage it as an important part of their business and the ROI on their thought leadership campaigns have been fantastic as a result.

     

    Let me know if you have any other fundamental steps you think I should add.

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  • The secret questions of successful thought leaders

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    30 Mar 2011

     

    The four secret questions for effective thought leadership

    The four secret questions for effective thought leadership

     

    Good thought leaders or thought leadership campaigns should ask four key questions before they even start:

     

     

    1.      Where do we get most of our business and what are their key issues/challenges?

     

    Without this knowledge your thought leadership position is much like shooting in the dark in terms of whether it will have the desired impact on your targets.

    2.      What knowledge/expertise do I/we have that we can research further to deliver something of real value to address these issues/challenges?

    You want your thought leadership position to enable you to play to your expertise and showcase this and your thinking in your chosen space.  Wherever that knowledge or intellectual property can inform your thought leadership point of view, use it wisely.

    3.      For what do I/we want to be known/famous?

    When your ideal client base says that is the firm/person who has incredible insights into x.  What is that x?  What is it you want to be famous for?

    4.      How do I/we best leverage our thought leadership content to share it with our market?

    Many thought leadership campaigns I have seen are not leveraged to their full extent.  Once you have identified your point of view, make sure you apply a sound, strategic content management strategy to your thought leadership property.  Are you squeezing every element of your content across every touch point your target audiences?

    How you answer these four questions is critical to your thought leadership point of view and how you take it to market.

    Thought leadership must have a business objective

    However, there is one, űber thought leadership question that remains.  It is the glue that should bind and guide your whole campaign:

    “What are our business objectives for this thought leadership campaign?”

    This should underpin everything you do.  Without a business objective or objectives your campaign isn’t measureable and you will probably have difficulty eliciting the commitment from senior executives.

    I can’t stress this enough – your thought leadership needs to be drive very clear business objectives in order to gain the credence and top-level commitment it requires to succeed.

    It can be as simple and focused as:  “We want to gain one-on-one access to the CFOs of the top 200 listed companies.”

    Alternatively, you can have two or three objectives.  My view is that if you have more than three you are probably spreading your objectives to thin.

    Your objectives should:

    ·        Be singular in focus

    ·        Be easy to measure

    ·        Rally everyone around it

    Get these fundamentals right and you give yourself every chance of success for your thought leadership campaign.

    Good luck.  Let me know if you have any other questions you think should be framed up front to help guide your campaign. 

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  • Thought leadership insights from global expert

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    17 Mar 2011

    fiona20czerniawska

    Fiona Czerniawska shares her insights on thought leadership

    For this interview on thought leadership, I had the privilege of interviewing Fiona Czerniawska, one of the foremost global authorities on thought leadership, particularly in the management consultancy space.  There are few people who understand as much about thought leadership as Fiona.  She is the co-founder of Source, a company specialising in researching the consulting industry www.sourceforconsulting.com .  She has authored numerous management reports, books and articles.

     

    I would urge you to visit her site and join up to her thought leadership newsletter White Space http://www.sourceforconsulting.com/whitespace/ . White Space is a subscriber-based web service which provides detailed analysis of the thought leadership of around 30 leading global consulting firms.She is also the Director of the Management Consultancies Association’s Think Tank, she is a Programme Director for the Centre of Management Development at London Business School, and also lectures at Kingston Business School in London and Haarlem School of Advanced Management Studies in Holland.

     Trends in thought leadership

    1.      Fiona your firm White Space does an exhaustive annual analysis of the thought leadership material of around 30 leading global consulting firms.  What trends have you seen emerging in this field from the leaders in the thought leadership space?

    The overall quality of thought leadership in 2010 slipped a bit – at least in our opinion. We think there were two main reasons for this.  The first is that many firms cut their thought leadership and research budgets during the recession and the cracks this opened up really began to show in the latter half of the year.  Thankfully that particular trend seems to being reversed.  The second reason is to do with the way in which people are publishing their material: we’ll all have noticed a plethora of new formats, including Twitter, videos, podcasts and design-your-own graphs.  But these share a common challenge which is that you have less space to say things and I think consulting firms are struggling with the transition from back-breaking flagship reports to a pithier, more opinionated style.  A five-minute video shouldn’t be a balding man in a grey suit reading the executive summary, but someone saying something memorable and thought-provoking, as well as fast.  This type of thought leadership should be like the tip of an iceberg, with the underlying research below the waterline, but it often becomes an excuse for not doing the research in the first place – and that shows.

    Content and thought leadership

     2.      There’s a lot written these days about marketing content but what’s your view that content alone doesn’t make you a thought leader?   

    I’d agree, but with some caveats.  I honestly don’t think you can beat good content: that’s easy to forget because so much of the content we do see isn’t that good.  If you look back at the block-buster management ideas of the past, they were all based on serious research, not a sudden brainwave or luck.  I don’t believe in eureka moments except those that emerge from deeper-than-deep content.  That being said, I do think that innovation in thought leadership will come from the way this content is assembled and disseminated.  I’m watching McKinsey’s What Matters micro-site with interest and I know that other firms are looking at this issue too. 

    Thought leadership quantity vs quality

    3.      You talk about four factors likely to attract a client’s attention as appeal, differentiation, practical application and quality of thinking but do you think the volume of thought leadership these firms produce these days means they are having to be more creative with the way it is packaged?

    These four factors relate to the quality of a firm’s output and that’s independent of quality (although, almost inevitably, a firm that decides to increase the quantity of its material takes a hit on quality).  It’s tempting to say that quantity should never matter but it does: if you produce one piece of thought leadership on, say, strategy in the banking sector, but your competitor produces 20, then there’s a fair chance that you’ll get shouted down, however great your piece is.  Quantity also sends a not-so-subliminal message to clients about how much a firm specialises in a particular area.  However, I think firms could indeed be more creative about the way they package their content.  In particular, I’d like to seem more “bundling” (putting related articles, in a mix of different formats, together in the same place); better recommendations (suggesting articles I might find of interest); and, please, please, please, better search engines.  It’s incredibly frustrating to put a keyword in but not be able to sort the results by date or filter them.

    Thought leadership as a term

    4.      The term thought leadership is bandied about quite loosely do you think the term itself is dated and if so are there better terms to encapsulate thought leadership?

    Like all jargon (the first book I wrote was on business language… ), “thought leadership” has its uses.  People – at least consultants – know what it refers to means and broadly understand what’s involved even if they might quibble about its exact meaning.  The trouble is that it’s an inherently arrogant term that set itself up for a fall: it’s an old joke that most thought leadership is really thought “followship.”  And of course the even bigger problem is that no one, certainly not us, has a better term.

    Thought leadership – a growing discipline

    5.      Are you seeing signs that thought leadership is becoming a discipline in its own right?  Are there any examples of it being split in terms of resourcing and manpower from the traditional marketing and corporate communication roles?

    We’re certainly seeing this more – and I think that’s the right thing to do.  If you ask clients what influences their choice of consulting firm, they almost always cite personal recommendations, case studies and thought leadership, but these components have an impact in different ways and at different times.  A personal recommendation is very much about which firm to use for a specific piece of work, but case studies and thought leadership are important at an earlier stage in the thinking process.  Long before they reach the point when they decide to hire a consulting firm, clients need evidence that it makes sense to invest time and effort in an idea or problem they’ve been mulling over – and case studies and thought leadership can provide this.  In other words, done well the latter help stimulate demand for consulting in general even if they don’t convert into a sale for a specific firm.  That’s why it makes sense to view these functions separately – but of course you can go too far in the opposite direction and it’s important for marketing, corporate comms and thought leadership to plan and act in unison.

    The client’s view on thought leadership

    6.      What are clients of the firms you analyse saying about the thought leadership material they receive?   

    They have mixed reactions, depending on the subject-matter and their position.  Overall, clients dismiss most thought leadership simply because it’s not relevant to them.  There’s a lesson in this about ensuring all material is focused on as tight a group of clients as possible, otherwise – a bit like infections treated with antibiotics – they become resistant!  Where it is relevant, views are much more positive: indeed, it’s quite clear that producing good thought leadership is, in many senior managers’ eye, a fundamental characteristic of a certain type of established, high-class consulting.

    Thought leadership case study

    7.      What’s the best thought leadership campaign you’ve seen and why?

    The BBC’s A History of the World in 100 Objects.  Not exactly a conventional programme, but it gives us a clear sense and standard about what can be achieved when you mix great content with an intelligent use of new media.  It should be required listening for all marketing departments.

    The future of thought leadership

    8.      What is your view on where thought leadership is heading over the next five years?

    I like to think that it will become a serious battleground for really good ideas.  I may be laughed at for this on the quite reasonable grounds that (a) clients value small-scale insights more than grandiose conceptual models and (b) the extent to which thought leadership is – or can be – a crucible for innovation is questionable.  But I do get frustrated by the lack of ambitious in much thought leadership.  There are some big and interesting questions about business that never seem to get debated – and it would be good to think that some of these will start to be discussed.  The prerequisites to this, and I suspect to upping the overall quality of thought leadership, are investment and collaboration.  I can’t believe we won’t see more money going into thought leadership in the future, as it’s clear that it is one of the few marketing activities which can differentiate a firm.  And I also think consulting firms will realise that they have to work with people (clients and other consultants) outside the boundaries of their firms for inspiration.

    If you have any comments on Fiona’s points of view I’d love to hear from you – also don’t forget to sign up for Fiona’s newsletter here http://www.sourceforconsulting.com/whitespace/

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  • Einstein’s great insight for thought leadership

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    11 Mar 2011

    Einstein offers great insights for thought leaders

    Einstein offers great insights for thought leaders

    In a guest post on Problogger,  

    http://tiny.cc/mfjhz  Graham Phoenix of Male eXperience talks about rogue bloggers and there are some delightful insights and some inherent tips for thought leaders.

    In particular, Albert Einstein’s quote stands out like a beacon for any person or business wanting to be a thought leader:  “Great spirits have always encountered violent opposition from mediocre minds. The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”
    —Albert Einstein.

    Thought leaders don’ play it safe

    Merely playing safe is not going to help you as a thought leader and is a sure-fire path to mediocrity and obscurity.  To this end Corbett Barr, from Think Traffic in Graham’s post had this to say:  “I’m saying you have to look fear in the eye, realize that fear is hiding some of your richest potential material, punch fear in the face and take whatever it was hiding from you and put that in your writing.”

    The same applies to you if you want to be a thought leader.  It is indeed a tough challenge for many corporations but there are also many who get it right – think Virgin, IBM, Deloitte, Booze & Company and Apple to mention a few.

    What should your thought leadership be doing?

    Your thought leadership position should:

    ·         Challenge and raise questions in your field of expertise around new thinking and new ways of doing things

    ·         Stretch your clients to think “What if?”

    ·         Frame the debate and create conversations

    ·         Provide new insights to a particular topic area/sector/area of expertise, and most importantly;

    ·         Hone in on the challenges and issues your clients or your targets face now and into the future.

    By doing this you will be taking a leaf out of Einstein’s book and choosing to express your opinions courageously and honestly.

     

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  • Law firms lag thought leadership landscape

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    4 Mar 2011

    Law firms and thought leadership

    Law firms and thought leadership

    I had the privilege of speaking at the 4th (Legal) Managing Partners Conference at Sanctuary Cove on the Queensland Gold Coast in Australia this weekend.  The topic “What do you want to be famous for?”  The angle I took on how you get there – thought leadership of course.

     

     

     

    Thought leadership in the legal industry

    The interesting part of the talk was what I discovered during my research and information gathering phase in the weeks preceding the presentation.  I spoke to some of the heads of communication at some Australia’s largest law firms about their views on thought leadership in the Australian legal industry.  This was followed by some desktop research on what six of the leading global legal firms are doing online with their thought leadership properties.    The six included Allen & Overy, Baker & McKenzie, Skadden, Linklaters, Clifford Chance and Freshfields.

    The legal industry spokespeople were unanimous that thought leadership across Australian legal firms is still in its infancy.  While there are some great pockets of thought leadership it is generally ad hoc and not a lot of time or resources are spent on it.  Contrastingly when I explored the global big six law firm, or Magic Circle firms as they are known, they seem, based on my online observations anyway, to be well on their way with their thought leadership properties.

    Australian legal firms and thought leadership

    Before I touch on the Magic Circle firms I want to illustrate what is happening in the thought leadership space for the legal industry down under.

    This probably best illustrated by snatches of the conversations I held with four of the leading communication professionals across Australia’s leading law firms.

    “It’s unsophisticated; we’re not nearly there yet.”

    “Partners often have competing interests.”

    “Our partners are more like media champions than thought leaders.”

    “Most lawyers are reticent to stick their necks out.”

    “We worry about upsetting clients.”

    “It’s a time issue – the billable hour is king.”

    “I don’t think the partners have seen the benefit of thought leadership yet.”

    “There’s a feeling we’re giving our intellectual property away.”

    Thought leadership is a growing trend in Australian law firms

    It wasn’t all bad though, there were some positives.  For example, there were a number of comments which indicated that thought leadership is growing and becoming more of a recognised marketing and communications tool.  These included:

    “Thought leadership is starting to seep through the firm.”

    “The legal market is changing rapidly, there is increasing competition globally and locally and we will have to differentiate.”

    “There is a golden opportunity to use older partners to drive our thought leadership efforts.”

    “We’ve seen some fantastic benefits using our website for our thought leadership content.”

    A mixed bag but some really positive noises for thought leadership around the corner.       

    The Magic Circle and thought leadership

    I need to preface this by saying that my analysis is only based on quick desktop analysis of the Magic Circle firms thought leadership properties online and it is therefore limited by what I could find on their websites.

    That said, all six had great content unfortunately I didn’t have the time to explore whether this content was genuine thought leading content – I am a firm believer that content alone does not make you a thought leader.

    Here’s my quick summary of the six firms websites I visited:

    ·        Linklaters– have “Year in Review”and “The Year to Come” which summarises major developments in English law and expectations for the new year.  They also have Hot Topics which hosts papers across wide ranging issues.

    ·        Freshfields– have what they call “Briefings” which are papers on various issues.  They also have a separate microsite called Mobile Matters site which discusses all things mobile.  It is one of the best examples of legal practice thought leadership I have seen.  In addition, they have collaborated with The Economist Intelligence Unit to report on the opportunities and risks in Africa for the extractives industry.

    Some great thought leadership from these two firms but there was something nagging me when I viewed these sites and it is probably best illustrated by a quote from an interview I conducted last year with Ken Blanchard.  Ken is the author of over 50 books including “The one minute manager” and he said: “You can have the greatest, most innovative thoughts in the world but if nobody hears about them they’re worth squat.”  

    And therein lies the issue with the two firms I have just mentioned – I had to search and sift through layers to find their thought leadership material.

    Make your thought leadership stand out on your web

    The following firms had their thought leadership front and centre on their web sites.

    ·        Clifford Chance – great scrolling content blocks, big and bold across the front page.  They also have a very impressive webinar series covering numerous topics and featuring panels and interviews with third parties.  In fact they label it their thought leadership impetus.  The topics include, among others: remuneration reform in the financial services industry, trends in M&A, cross border tactics in takeovers and inbound investment in China.    

    ·        Allen & Overy– slap bang on their front page they have something called Insights.  What’s great is that when you click into this you can search by topic, by country, by practice area or merely enter a search term and it will kick out all their content on that. They’ve made it very easy.

    ·        Skadden– on their home page they have big and bold their “2011 Insights”, an annual issue of critical legal issues its clients will face in the year ahead across key areas such as governance, M&A, Capital Markets, Corporate Restructuring, Financial Regulation and Global Litigation to mention a few.

    ·        Baker & McKenzie- front of centre of their home page they have a large title block “one step ahead of Dodd Frank”.  For me though the coup de grace is that the first button top left on their home page is something called “Supporting your business”.  I love it!  This is not the typical me language you find on website i.e.  “About Us” “Our services” “Who we are”, rather it’s all about you the client and your business.

    What’s more, they have heaps of great, useful content and very easy to find – they even have a whole International negotiating handbook on their site chapter by chapter.

    I would have loved to have the time to find out more about how these firms use their thought leadership material with their clients and in other forums but another time for that.

    The wonderful thing is about all this content online is what it is doing for their Google rankings – I just hope they are optimising it accordingly.

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