Greentarget

Greentarget

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Incumbent law firms have advantage in the battle for clients’ attention, but substantive content creates openings for challenger firms

Chicago, December 2, 2020 – By bringing in-person client interactions to a virtual halt, the COVID-19 pandemic has triggered a digital content explosion as law firms compete for the attention of clients and prospects. A new study of in-house counsel shows that providing substantive, actionable guidance remains the best way to rise above the noise, preserve existing client relationships, and win new ones.

These findings are detailed in the report, “How to Win and Protect Client Relationships in the Age of Remote Engagement,” released today by strategic communications firm Greentarget, legal consultancy Zeughauser Group, and B2B branding agency Right Hat. The August 2020 survey of 75 in-house lawyers, including 37 general counsel, offers important guidance for law firms anticipating an extended period of remote outreach.

The survey’s top findings include:

  • Stick to Substance: 53 percent of respondents say they most want communications from outside counsel that relay substantive legal or business information. And substantive legal or business information is also most likely to generate a response from in-house counsel, especially for incumbent firms. For challenger firms, content that provides actionable guidance is the best route to sparking a conversation.
  • Incumbent Firms Beware! 68 percent of in-house counsel say communication from existing outside counsel is of greatest value, but 31 percent say they place great value on communications from firms introduced to them by friends or colleagues. This suggests a clear opening for challenger firms with the right connections and approach.
  • Pick Up the Phone – to Call or Text: Amid the age of digital communication, in-house lawyers most prefer the simplicity and intimacy of a telephone call or text. Picking up the phone affords outside counsel the chance to check in on a client personally before raising an emerging business or legal issue.
  • Stay Relevant to Be Read or Shared: More than half of in-house lawyers surveyed are willing to give communications from existing law firms (56 percent) and unfamiliar law firms (50 percent) at least a perfunctory read for relevance. Twenty-eight percent go further, saying that they appreciate good content sent from both types of firms, and they forward these communications to peers when appropriate.
  • Perspective Wanted on Pressing Legal and Business Issues: 69 percent of in-house counsel say they want content on COVID-19’s impact on the economy and their businesses; nearly as many (65 percent) want content on business and legal topics not related to COVID-19. When we asked in-house counsel to name issues they’d like to hear about from firms, diversity, equity and inclusion topped the list.
  • Forget Zoom Cocktail Hours: Seeking to fill the vacuum created by the inability to entertain clients, some firms have gotten creative with virtual social events. But virtual entertainment has little appeal for most in-house lawyers; 51 percent of respondents say they simply are not interested, and 40 percent say that they don’t want to engage with law firms in this manner.

“Establishing authority on business issues was challenging even before COVID-19, but the pandemic has forced lawyers and law firms to accelerate their digital literacy,” said John Corey, Greentarget’s founding partner. “At a time when it’s never been easier to project a message to the masses, it is more difficult than ever to really be heard. Leading with substantive, actionable content shows both clients and prospects you have a keen understanding of their challenges – and the insights to help solve them.”

“While the tools we are using to reach clients and prospects may be changing, best practices are not. Effective marketing and business development during the pandemic are still rooted in developing strong relationships with clients – relationships predicated on helping them make good decisions in real time,” said Zeughauser Group partner Norm Rubenstein. “And it’s clear that clients want trusted advisors now more than ever.”

Added Elonide Semmes, president, Right Hat LLC, “Law firms not only need to scrutinize their communications to ensure they contain actionable guidance that is scannable and easy to understand. They need to make sure that their communications feature clear, straightforward business language and compelling design that pulls the reader right to the most important content.”

What Law Firms Should Do

The report concludes with a series of recommendations for breaking through in the age of information overload, particularly given the increased flow of digital communication clients are receiving during the pandemic.

These recommendations start by reminding outside counsel that phone calls and texts are a welcome alternative to email; that evaluating content for its relevance, urgency, novelty and utility will distinguish it from the bulk of what clients are receiving; that all communication to clients and prospects should be customized; that incumbent law firms should avoid complacency; that investing in prospects can differentiate a firm seeking to develop a new relationship, and that bigger and bolder thought leadership projects – like research reports and podcasting – can show clients that a law firm is sensitive to their preferences and priorities.

A full version of the report is available here. For more information, contact Lisa Seidenberg at lseidenberg@greentarget.com or (312) 252-4108.

About Greentarget

Greentarget is a strategic public relations firm that helps leading law firms, accounting firms, management consulting, real estate and financial services organizations create unique positions of authority through skillful participation in the conversations that matter most to their key stakeholders. With 60 professionals in Chicago, New York, Los Angeles, San Francisco and London, Greentarget combines earned media, research and market intelligence, content and publishing, digital strategy and amplification, and special situations counsel to help clients grow market share, attract leading talent and achieve a higher purpose. For more information, visit www.greentarget.com.

About Zeughauser Group

Zeughauser Group is the firm of choice for legal industry leaders seeking to increase competitive advantage and profitability, enhance market position, and strengthen organizational culture. With partners who have served as former generals counsel and as law firm chairs, managing partners, and chief marketing officers, Zeughauser Group advises clients on strategic planning and growth initiatives, including mergers and acquisitions; on best practices in marketing, branding, and business development; on client feedback programs; and on law firm management and governance, including organizational models and their assessments. For more information, visit www.consultzg.com.

About Right Hat

Right Hat is a leading B2B branding agency that helps law firms develop powerful go-to-market strategies. We are passionate about helping firms inspire buyers to want to learn more. We collaborate closely with our clients to deliver bold ideas and stunning websites, ad campaigns, thought leadership programs and business development tools. For more information, visit www.righthat.com.

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In the months since COVID-19 lockdowns ground in-person client interactions to a virtual halt, law firms have poured their energy, effort and resources into a bevy of content vehicles to stay connected to clients and get noticed by prospects.

For the most part, those clients and prospects are satisfied with what they’ve been getting. Findings from a new survey conducted by Greentarget, legal consultancy Zeughauser Group and B2B branding agency Right Hat reveal that more than two-thirds of in-house lawyers are likely to respond to communications from the firms with which they already work – especially when the communications contain substantive information that’s relevant to their businesses.

But if other firms with no prior relationship to the in-house lawyer or entity can deliver actionable guidance, they can generate responses – and even opportunities.

Explore the complete survey findings in greater detail along with our recommendations for how law firms can strategically align their outreach with client preferences and priorities.

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As a young reporter, I viewed PR professionals as something to work around. At least, that’s how I viewed them when I was feeling charitable.

To be sure, there were PR folks I liked and trusted, but my broader perspective was not uncommon among journalists — and it’s one that remains rooted in some truth. Then as now, there were some PR professionals trying to prevent journalists from doing their jobs. They could make it difficult to get access and candor. They put processes in place that were cumbersome or even ridiculous.

But as a young reporter I didn’t fully appreciate the ways PR professionals could and did help journalists do their jobs. And while journalists and PR professionals are not – and should not be – too cozy, it’s clear that the relationship between public relations and journalism could be important in fighting one of the more pernicious threats of our time: fake news.

Fake news is a common enemy for journalism and PR. It also was the subject of a research report Greentarget released late last month, just a week before voting day in one of the most tumultuous U.S. elections in decades.

The ‘Reality-Based Press’

In a recent column assessing news media efforts of the past four years, the Washington Post’s media columnist Margaret Sullivan used the term “reality-based press” to describe the news media that relies on traditional journalistic principles. It’s troubling that such a term is even necessary – and Sullivan’s not the only one using similar language — but it helps understand Greentarget’s point of view.

While the news media’s record is far from unblemished, the credibility it earns by being right more than it’s wrong and by trying to live up to a set of standards is important. In an era when it’s never been easier to disseminate information, or harder to tell information from misinformation, grounding journalism in reality – by reporting facts that journalists have made every effort to verify and substantiate – is critical for a host of reasons, including the credentialing of media outlets.

Readers, in their capacity as citizens, voters and businesspeople, need to be able to trust what’s reported by these outlets. Their trust is vital to the functioning of our democracy, our market economy and our daily lives. Without reliable information, we can’t make informed decisions about who to vote for, where to invest or, for instance, how to wear a mask to protect against a deadly airborne virus.

For public relations firms like Greentarget, which seek to give thought leaders the opportunity to express their points of view, the existence of a credible, reality-based news media is crucial. Fake news as it’s most aptly defined — false, fabricated or unverifiable stories – creates chaos and has a collective effect of delegitimizing media outlets.

Journalists Look Past (and Before) Trump When it Comes to Fake News

These issues spurred Greentarget to survey journalists. We focused in part on whether a change in Washington would help beat back fake news in the eyes of journalists. We figured that there wasn’t anyone better suited to assess the situation – but the survey results were simultaneously distressing and hopeful.

Journalists were fairly pessimistic about whether a Trump loss would improve things, despite Trump’s unprecedented battles with the news media, marked by consistent accusations of fake news against journalists and relentless misinformation from the president himself. But the journalists rightly pointed out that the roots of fake news predate Trump and predicted that the problems would outlast him.

Journalists were adamant that fake news negatively impacts journalism and largely feel that fake news is more dangerous than no news. But the journalists we surveyed also were clear that they thought they should be the ones to fight fake news – that despite the brutal job losses and financial hits to the news media over the past 15 years, journalism remained the best antidote.

Journalists Inspiring … PR Professionals?

In some ways, their gumption is inspiring, because it indicates that journalists simply refuse to give up despite the challenges they face. But considering public sentiment – Gallup reported in September that six in 10 Americans have little or no trust in the media – good faith efforts by journalists to turn the tide simply might not be enough.

Most of the reporters and editors we surveyed said fighting fake news shouldn’t be the responsibility of the government, perhaps not surprising given journalists’ ingrained devotion to the First Amendment. But other parties, including digital platforms like Facebook and Google, which have extraordinary power to disseminate information, could play a huge role. Interestingly, 56 percent of the journalists we surveyed pointed to social media as the single greatest threat regarding fake news distribution.

That made us wonder if public relations could play a role. Some research has revealed passivity among PR practitioners in addressing fake news. In light of our survey results and current events, we at Greentarget simply, but vigorously, reject that approach.

What PR Can (and Should) Do

There are ways our industry can and should help. That’s why as part of the report and separately we’re releasing the pledge below as part of our commitment to fighting fake news – and we hope other PR professionals will abide by it as well.

Some of the pledge has been part of Greentarget’s ethos since our founding – and we believe our work to provide reporters with credible sources who can help make sense of what’s going on helps journalists regain the credibility that is essential to combatting fake news. But we’re choosing this moment to formalize our thinking – and we’re going a step further by committing to working toward broader media literacy. That includes working with a group of Chicago high school students in 2021 to help them understand the fundamentals of public relations – and how to identify fake news.

Our research report is indicative of our organization’s commitment and its evolving thinking. Journalists might feel like the responsibility of fighting fake news rests solely on their shoulders. But given the stakes – not only for our industry but, more importantly, for our democracy – it’s time for the PR industry to step up.

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How do you capture history as it happens? When the coronavirus pandemic’s full effects became clear in March, History Factory began its COVID-19 Corporate Memory Project to capture Corporate America’s reaction in real-time and provide insight into how other organizations are responding to the crisis.

In this episode of Authority Figures, host Aaron Schoenherr and History Factory Managing Director Jason Dressel discuss the COVID-19 Corporate Memory project, rising above the noise of standard thought leadership, and how every organization will have its COVID moment.

Aaron and Jason will discuss which organizations are communicating effectively during the pandemic. But they’ll also discuss how technology continues to change corporate history efforts. 

Episode Highlights

1:30 – Jason discusses his background and introduces History Factory.

2:31 – A deep dive into the COVID-19 Memory Project and what Jason and his team discovered.

5:49 – Aaron asks Jason to elaborate on the connection between authority and organizational responses to social issues.

7:16 – Challenges in creating the COVID-19 Memory Project and capturing the nation’s definitive moments as they happened. 

8:48 – Jason explains how an organization’s history supports its own notion of authority. 

10:25 – Examples of organizations that have exhibited authority amid the COVID-19 pandemic and social unrest. 

13:30 – Jason describes how every organization will have its “COVID moment.”

15:21 – The role digital archives played in creating the COVID-19 Memory Project. 

16:42 – How technology has impacted responses to 2020’s major events versus those of the past. 

17:39 – Jason reflects on the powerful impact a tangible document holds in a digital world and provides first-hand examples.

21:25 – Aaron and Jason discuss how organizations and leaders have effectively expressed authority in their actions.

Subscribe to Authority Figures on Apple Podcasts or wherever you get your podcasts.

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New research by communications firm Greentarget examines fakes news’ effect and origins, prescribes action for preserving the integrity and value of journalism.

Chicago, October 27, 2020 – A polarized media environment and cries of “fake news” – often from the highest levels of government – that greet publication of even the most rigorous reporting have eroded journalists’ hope for their profession’s future, according to a new study released today by strategic communications firm Greentarget.

The outcome of the November election won’t change that outlook, the journalists who took the survey say – but at the same time, they firmly believe journalists themselves are in the best position to fight the threat of fake news.

Fake News 2020, a research project conducted in July, August and September 2020, queried more than 100 journalists, half of whom have worked in the profession for more than 20 years. The report addresses the origins and definition of fake news, as well as potential remedies for its creation and dissemination. And it shows that despite President Donald Trump’s relentless attacks on the press, journalists don’t expect broader improvement if Joe Biden wins next month’s presidential election.

“These survey results are significant because they gauge the sentiment of a broad swath of professional journalists at a crucial moment in history,” said John E. Corey, founding partner of Greentarget. “We work with some of the most talented and experienced  journalists in the world on a daily basis – and even we were taken aback by the level of pessimism and the lack of clarity around how to address and ultimately correct the growing prevalence of mis- and disinformation.”

“That was part of the reason why we went beyond simply reporting these results and conclude our report with actionable guidance that everyone in the news ecosystem –journalism schools and think tanks, public relations practitioners and newsrooms – can and should embrace. We did this because we understand the critical role journalism plays in the healthy functioning of democracy and the free market.”

Fake News 2020’s Top Findings

  • Fake News Has Hurt Journalism: 80 percent of respondents strongly believe fake news has negatively impacted their profession, and 14 percent say they somewhat believe that it has. Further, the journalists surveyed say fake news fosters multiple prejudices and distorts the public’s understanding of current events.
  • Don’t Expect It to Get Better Under Biden: One in four respondents say Trump has had a significantly negative impact on journalism. But just 46 percent feel optimistic about journalism’s future under a new president, and 43 percent say they are indifferent on the question. The survey, conducted when it was clear that Biden would oppose Trump in November, clearly indicates that after years of attacks on journalists’ credibility and a steady erosion in trust, a sense of fatalism has settled in.
  • Journalists Still Want to Fight the Good Fight: Despite their pessimism, journalists surveyed believe they (reporters, editors and news councils or journalism organizations) are best positioned to vet fake news and identify misleading information. Only 12 percent think the government should call out fake news. Relatedly, only about four in 10 support or strongly support using the law to curb fake news.
  • Fake News Remains Difficult to Define: Part of the problem is that fake news can mean different things to different people – even journalists. About a third of our respondents say fake news is disinformation (false information knowingly spread with the intent to deceive), while another third say it is misinformation (false or misleading information spread by those who believe it to be true). Twenty-two percent equate fake news with propaganda.

 How to Combat the Fake News Epidemic

The report concludes by laying out a series of actions PR professionals can take to fight fake news. The measures include supporting reporters and editors, stressing ethics and transparency, putting the audience first and broadly advocating against fake news.

Greentarget pledges to follow these steps and encourages other PR practitioners to do the same.

“Long before fake news was part of the common vernacular, the principles of journalism – and the role they play in contributing to smarter, richer and more balanced conversations – have been fundamental to our business,” said Lisa Seidenberg, Greentarget’s vice president for media relations. “We know how important journalism is in our work to help organizations establish unique positions of authority, and we encourage all PR professionals and influential voices in the news ecosystem to support rigorous, responsible journalism. The success of our work depends on the steady flow of reliable information and stemming the tide of fake news is good for our industry and, more broadly, our society.”

A full version of Fake News 2020 is available here. For more information, contact Lisa Seidenberg at lseidenberg@greentarget.com or (312) 252-4108.

About Greentarget

Greentarget is a strategic public relations firm that helps leading law firms, accounting firms, management consulting, real estate and financial services organizations create unique positions of authority through skillful participation in the conversations that matter most to their key stakeholders. With 60 professionals in Chicago, New York, Los Angeles, San Francisco and London, Greentarget combines earned media, research and market intelligence, content and publishing, digital strategy and amplification, and special situations counsel to help clients grow market share, attract leading talent and achieve a higher purpose. For more information, visit www.greentarget.com.

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In the lead up to one of the most anticipated elections in generations, Greentarget surveyed more than 100 journalists to learn more about the growing problem of fake news. The resulting report addresses fake news’ origin and causes, its worst and most chilling effects and how journalists think it’s affecting their profession and the public at large.

“I [work hard] trying to be as accurate and fair as possible,” one of the journalists told us, “and someone wants to wave their hand, dismissing something because they choose not to believe it.”

It’s clear that part of the problem is the murkiness of the term itself. Still, fake news is something journalists believe they and their colleagues are best positioned to fight — and that they don’t strongly support government action. It also shows that journalists don’t believe that the problem of fake news will improve based on the outcome of the 2020 presidential election – and that fake news has been a growing problem for several years.

In concluding this first-of-its-kind report, Greentarget offers suggestions on how PR professionals can help journalism – given its value in establishing true positions of authority and to both a free market and a functioning society.

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