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With anti-ESG rhetoric on the rise — and as greenwashing accusations abound — communicating effectively about environmental, social, and governance issues is more challenging than ever.

One piece of the puzzle is the tension between whether a firm is more responsible to its stakeholders or to its shareholders. On one hand, some argue that firms should balance the interests of a company’s stakeholders — employees, customers, and even the environment — against the need to drive bottom line growth. By contrast, those in favor of shareholder primacy assert that firms should prioritize increasing profits above all else.  

Complicating the issue further, the SEC is preparing to release stricter climate impact disclosure requirements for all publicly traded companies. And of course, ESG-related issues will undoubtedly become points of contention and political posturing in the leadup to the 2024 elections.

Given these very real pressures and the risks they present, how should executive leaders at professional services firms respond?

It may be tempting to stay silent. But if you want to be seen as an authority in your industry, you must be someone who is both trusted and heeded. The best way to earn that status is to contribute to a smarter conversation around the issues that matter most to your audience. Here’s what it takes to do that in regard to ESG.

Be Authentic About Your Firm’s Approach to ESG 

It should go without saying that a key part of communicating effectively is to do so from a place of authenticity. After all, one reason organizations come under fire is that their public statements about ESG don’t match up with their organization’s mission, vision, and values — or with their actions. 

To that end, consider your position on ESG through the lens of who you are as a business and what you’re trying to accomplish. It can be helpful to explore questions like:

  • Are we able to make tangible progress on our ESG commitments — and are we reporting on that progress on a regular basis? Even when the numbers or narrative aren’t as positive as we’d like?
  • How might the ESG work we’re doing strengthen and de-risk our business for the long run? Could our ESG commitments contribute to a healthier bottom line?

How Your Commitment to ESG Can Contribute to Business Success

Let’s take a closer look at that last question in particular — and at the false equivalency that’s inherently present in the “stakeholder vs. shareholder” debate. There’s an assumption that deepening your firm’s commitment to ESG will automatically detract from profitability. But the opposite is often true. In fact, making business decisions through the lens of environmental, social, and governance concerns may play an instrumental role in your company’s long-term success.

My colleague Steve DiMattia puts it this way: “Companies with weak ESG performance often find themselves in situations that can lead to a decline in valuation. If a company is cutting corners on safety protocols, harming the environment, or exploiting its workers, there’s a much greater likelihood it’ll eventually be sued, fined, or otherwise penalized, which can negatively impact its stock price.”

Therefore, making an authentic commitment to the causes that matter most to your firm — and talking about those commitments in terms of how they’ll make your company stronger — is an excellent way to frame your ESG narrative.

Embrace Transparent Communication (Even if You Know You’ll Get Backlash)

In a polarized society like ours, there are good reasons to shy away from topics that are known to spark backlash. And there are certainly people who may decry whatever you have to say about ESG. But if your ESG efforts are truly a core part of driving your business forward, communicating transparently is non-negotiable.

The good news is many clients and stakeholders are increasingly seeking ESG-aligned partners. Since they want smart counsel on ESG issues and are looking for partners who walk the talk, it’s only logical to talk about your ESG offerings and commitments with confidence. 

As socially conscious Gen Zers age and become business leaders in their own right, it will become even more paramount for your firm to establish unique positions of authority about ESG. Demonstrating an authentic and transparent position on the issues that matter most to these emerging stakeholders is an essential part of building trust and winning their future business. 

That doesn’t mean you have to talk about ESG-related issues all the time. Nor do you have to publish an official CSR (corporate social responsibility) report each and every year. Rather, look for naturally recurring opportunities to shine light on the progress you’ve made toward your ESG goals. Let your audience know what’s gone well and what steps you still need to take to get where you want to go. And if you’re a publicly traded company, tell a good and true story about how ESG affects your earnings. 

Still uncertain about whether it’s wise to communicate openly and transparently about your firm’s ESG efforts? Perhaps this will assuage your fears. According to The Financial Times, anti-ESG funds are failing to attract investors and assets. Polls show voters aren’t swayed by attacks on sustainable investing options, either. These articles illustrate that, in many cases, the anti-ESG bark is far worse than its bite.

Tailor Your ESG Messaging to Your Primary Stakeholders

Although you’ll need to be mindful of crafting your ESG communications in ways that align with regulatory demands, it’s also important to remember that regulators are not your primary audience. Your clients and employees are. 

So rather than worry about coming under fire for communicating about ESG, consider who your audience is and what they care about. What do they need to hear from you? What messages will resonate with them? And how can you tell your ESG story in a way that furthers their commitment to and enthusiasm for your firm? 

For example, we recently worked with a law firm to create a communications platform to reach key stakeholders at a time when the firm was under enormous pressure from special interest groups and anti-ESG lawmakers to abandon its ESG endeavors. This platform enabled the firm to amplify the ESG-related counsel it offers clients and provide insight into how it helps firms navigate the very issues and challenges it was also facing.

Reaching your audience with the messages that matter to them should be the primary goal of all your executive communications strategies.

Don’t Be Afraid To Speak Out About the Issues That Matter to Your Firm

It takes courage to speak your firm’s truth in the face of almost certain criticism and backlash. And since anything you do say is subject to fiscal, regulatory, and political scrutiny, it’s absolutely essential to communicate your messages judiciously and effectively. 

Greentarget can help.

Our consultants know how to objectively assess whether or not your ESG efforts are truly an authentic representation of your firm’s values and actions. We can help you craft succinct and precise messages about why you’re doing what you’re doing. And we’d love to work with you to develop unique perspectives and positions of authority that translate into added value for your clients and other priority stakeholders.

So when you’re ready to cut through the ESG-related noise and advance a smarter, more thoughtful narrative, let’s talk.

About the Executive Positioning Practice

Exemplifying Greentarget’s commitment to being a trusted advisor to clients, Greentarget’s Executive Positioning team provides c-suite executives (managing partners, CEOs, executive committees, and boards) with insights to anticipate, understand and respond to important global and social developments, analyzing key issues that can impact reputation and compel leaders to communicate.

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Your high net worth clients can take their assets anywhere at any time. To attract and retain their business, your firm needs to be positioned to win. 

As an executive in this highly competitive and fragmented landscape, you know there are four essential ingredients to attract registered investment advisors (RIAs) and their clients to your platform:

  • Access to investment alternatives that will yield higher returns
  • High-touch client service 
  • Banking services to complement wealth management services
  • Attention from a broader team who can take over the book of business if and when the lead RIA leaves or retires

But since excellent service and performance are mere table stakes, these four elements might not be enough to achieve and maintain a winning standard. Your wealth managers must offer a fifth fundamental ingredient: authority.

Greentarget is a PR firm serving clients in a variety of professional services industries. As such, we regularly talk to wealth managers about the challenges they’re facing. Here’s a look at what we’ve heard from them — and why we think carving out unique positions of authority is key to transforming your industry challenges into growth opportunities.

Challenge 1: Investor Demographics Are Shifting 

Now more than ever, wealth managers play a personal role in their clients’ lives. As people live longer, face the effects of long-term inflation on their assets’ purchasing power, and experience increasingly fragmented family lives, it’s common for RIAs to become confidantes and friends to the clients they serve. 

In light of this, wealth managers also have the opportunity to become trusted authorities on the issues that matter most to their changing clientele. 

What do we mean by the word authority? As we explain in our Manifesto, authority is different from thought leadership. Whereas thought leaders share ideas, authorities know. They draw on their distinct perspective and proven experience — and then deliver clear, succinct insights that are supported by fact, narrative, and cutting-edge data. 

How could your wealth managers become true authorities who are not just heard, but also heeded and implicitly trusted by clients? Here are a few examples of ways your RIAs could make their mark:

  • Put resources in place to support older women and protect them from manipulation and abuse.
  • Help clients of all ages plan for their post-retirement lives, including navigating the nuances of moving to a continuing care retirement community or otherwise making provisions for future long-term care.
  • Offer business succession planning for family-owned businesses to transfer ownership from one generation to another.
  • Create an avenue to serve HENRYs (high earners, not rich yet) and help them grow their wealth from the ground up.

The world is changing fast. Women in particular are an underserved demographic who need advice specific to their circumstances. And if your firm is not taking steps to carve out unique points of view on the issues that matter to your changing clientele, someone else will. 

Challenge 2: Emerging Technologies Like ChatGPT Threaten Disruption

At first glance, the rise of emerging technologies — especially generative AI — presents a formidable challenge to the wealth management industry. But while it’s true that AI-powered tools like ChatGPT can develop a diversified portfolio in seconds, many clients are reluctant to rely solely on AI-generated recommendations. 

This isn’t surprising when you consider the demographic shifts we’ve discussed already. Clients — especially older audiences — don’t want to be served by an algorithm. They want a personalized touch that only humans can provide, particularly when it comes to managing their wealth. So as AI continues to evolve, wealth managers must strike a delicate balance between automation and personalized service to meet sky-high expectations while remaining efficient and competitive.

In addition to ChatGPT, the proliferation of robo advisors and the digitization of assets further complicates the wealth management landscape. Robo advisors offer a low-cost alternative to traditional wealth management, making it more challenging for human advisors to compete. The digitization of assets, on the other hand, introduces complexities related to security, compliance, and data management. Wealth managers must adapt to these digital advancements by incorporating them into their service offerings, all while ensuring that clients’ assets remain safe and that their financial goals are met.

So how can your wealth managers stay ahead of the technology-related curve? Again, they must become authorities on these issues and solidify a unique point of view that differentiates them from all the other voices clamoring for attention. 

A forward-looking, creative POV on emerging technology and its role in asset management can drive interest and goodwill among current and potential clients.

Challenge 3: Economic and Security Concerns Have Investors on High Alert

As you well know, investors continue to be highly concerned about their assets as a result of the extended period of economic uncertainty we’re all experiencing. Even so, this macro-level financial insecurity and banking industry turmoil comes with an opportunity. 

While big-name brands like Wells Fargo and FTX continue to suffer from the far-flung ramifications of serious reputational crises, your financial services firm has the chance to build a highly respected and trusted reputation. 

To build your growing firm’s brand, your wealth managers must demonstrate:

  • Integrity. Can clients trust that your firm will do the right thing at all times?
  • Stability. Especially in the midst of industry consolidation through mergers and acquisitions, do your clients know your firm is stable? 
  • Security. In an age of cybersecurity attacks, phishing schemes, and scams galore, is your asset custody platform strong and impenetrable? 
  • High-touch service. Since big-name wealth management firms struggle to offer proactive, intentional communication, are there ways you can position your firm to stand out by offering ultra-personalized, excellent service?

You may not be able to build the kind of solid, unimpeachable brand reputation JP Morgan enjoys overnight. But with time and intentional, proven PR strategies, you can create a name for your firm that becomes synonymous with integrity and excellence.  

Invest in PR to Position Your Wealth Management Firm for Success 

Trust is the currency on which your firm is built. So when it comes to staying ahead of the competition in an industry like yours, positioning your wealth managers as trusted authorities becomes its own kind of ROI.

But in your fast-moving industry, it can already feel challenging to keep up with the daily demands of managing the assets of high-net-worth clients. Establishing and articulating unique positions of authority via owned media and earned media channels is unlikely to rise to the top of your wealth managers’ priority lists — unless they have expert help. 


That’s where Greentarget comes in. We’ve worked with hundreds of professional services firms to build their brand, hone authoritative positions, and overcome their particular industry challenges. We’d love to help you, too. So let’s talk.

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No matter what business you’re in, everyone’s talking about the promise—and peril—of artificial intelligence.

But as executives weigh the efficiency of AI against cybersecurity and other risks, they must remember one key fact: AI is also a communications challenge.

Meeting that challenge requires balancing the need for transparency and guidance with the agility and flexibility necessary to keep pace with a swiftly evolving technology. This is especially important for leaders at professional services firms, whose reputations can depend on providing authoritative counsel on emerging issues like generative AI—which, unlike traditional AI, uses unsupervised models to create new content and data.

In what follows, we’ll assess the current AI landscape for professional services firms and map out the communications obstacles (and opportunities) those organizations may encounter as the technology advances.

AI in Professional Services: New Opportunities, New Concerns

From legal to consulting and accounting firms, professional services providers are tapping into the power of AI to help speed workflows, improve efficiency, and generate data-driven insights.

Internally, our law firm clients have already been using AI and machine learning for functions like eDiscovery—and some are now testing out generative AI in content creation (e.g., job postings, social media posts, document production). Consultants and accountants are using it for everything from predictive analytics to automation of back-office functions and more. At the same time, these firms are also bringing AI into in client-facing offerings: consulting on legal and operational risks related to the technology, helping organizations adopt AI themselves, and/or deploying it to improve client processes and services.

For professional services organizations, it’s not only an efficiency play—it’s also a business imperative, one that clients are increasingly demanding as they look to lower outside spend and operational costs. As one GC told us, “Law firms should be figuring out how they’re going to use AI tools to help their clients rather than sticking their heads in the sand and saying it would be inappropriate for us to use them.”

It tracks, then, that in a recent survey by our client Womble Bond Dickinson, only 13% of executives (including those from professional services firms) said that they are not investing in AI or are unsure; over half are already making investments or plan to do so in the next year. Asked about key obstacles around the use of AI, respondents cited issues including ethical concerns, a lack of understanding about AI, legal risks, costs, and a lack of qualified personnel.

But these aren’t the only concerns for professional services firms. Some GCs want their outside counsel to use ChatGPT to lower billable costs, while firm leaders are worried about the impact of generative AI on training the next generation of talent. The evolving regulatory environment also poses potential issues, though as a new Littler survey notes, most employers have not changed their AI usage as a result.

Key Executive Positioning Challenges

As demonstrated by the above, professional services firms, like other businesses, are moving forward with AI despite widespread risk and uncertainty.

Communication from the top—be it internal policies and guidance or external stakeholder communications (e.g., with vendors, clients, investors, talent, etc.)—is therefore critical. Yet only 37% of the HR professionals and in-house counsel that Littler surveyed report providing policies or guidance to employees on the proper use of AI tools in the workplace. The majority are also underutilizing AI vendors or outside counsel to assess risk.

Clearly, there’s room for improvement. As we learned during the pandemic, moments of flux demand proactive, transparent, and authentic communication. Better to overcommunicate, even if you don’t have all the answers, than leave stakeholders guessing.

Here are a few questions executive communicators should be asking themselves when it comes to AI:

  • Cyber/privacy risk. Do you have a communications plan in place as part of a broader cyber incident response strategy? How are you communicating to external stakeholders about the steps you’re taking to safeguard their data and privacy with new AI tools? How are you delivering guidance to those using AI tools within your organization?
  • Policies. Do you have a usage policy for generative AI (and/or other AI tools)? Are you effectively communicating that to your employees in a way that balances brevity, support for employees, and risk mitigation? Is there a steady cadence of communications to ensure these policies are implemented?
  • Talent. As AI use stokes fears about job displacement—one Goldman Sachs study says generative AI could automate almost half of legal tasks—how are you communicating to current and prospective employees about how AI tools can help them in their work? How are you ensuring effective interpersonal communication between mentors and mentees as technologies like AI continue to throw up obstacles to in-person connections?
  • Operations. Given the range of different functions AI will impact across your business, are you convening the right group of people to make these communications decisions? Who should be involved, and when? Is there a process in place to communicate quickly and with flexibility?
  • Business goals. Perhaps most importantly, are you proactively articulating the value of AI to your employees, clients, and other stakeholders (e.g., how it might cut down on costs or free up bandwidth for more creative or substantive work)? How does it align with your overarching business objectives?

When it Comes to Communicating About AI, There’s No Time Like the Present

AI will change the nature of professional services work. But how your clients, employees, and other stakeholders react to these changes is up to you. Proactive, transparent, and authentic communications—utilizing clear, consistent, focus-group-tested messaging—can build trust in moments of flux and uncertainty.

Now is the time to get started. Learn more about how Greentarget can help by clicking here.

About the Executive Positioning Practice Exemplifying Greentarget’s commitment to being a trusted advisor to clients, Greentarget’s Executive Positioning team provides c-suite executives (managing partners, CEOs, executive committees, and boards) with insights to anticipate, understand and respond to important global and social developments, analyzing key issues that can impact reputation and compel leaders to communicate.

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If you’re struggling to know how your firm should speak out about current world events, you’re not alone. I’m a leader in the PR and communication field who advises clients on how to communicate about difficult, tense, uncomfortable situations every day. And even I find it challenging to find the exact words to address a situation as terrible and complex as the one that’s unfolding in Israel and Gaza.

One thing is certain. Professional services firms need to know how to communicate effectively and authentically about issues that matter to their employees, clients, and stakeholders. This is important all the time, not just when heartbreaking headlines and images capture our collective attention. 

But here’s the reality that comes into stark relief at times like this. When leadership and communications teams lack diversity of race, religion, gender, sexual orientation, experience, and opinion, it’s incredibly difficult to craft a full picture of any given situation. Without a holistic point of view, you’re more likely to alienate your audience than contribute to a smart, informed conversation.

It’s not enough to wait for sensitive issues to arise to begin — or renew — a sustained commitment to DEI at your firm. Here’s what to bear in mind as you work toward strengthening that commitment.

An Authentic Commitment to DEI Is Good for Business  

There’s plenty of empirical evidence supporting the business case for diversity, equity, and inclusion. For example, McKinsey’s “Diversity Wins: Why Inclusion Matters” report found that:

  • Companies with high levels of gender diversity on their executive teams were 25 percent more likely to experience above-average profitability than peer companies in 2019, up from 21 percent and 15 percent in previous studies.
  • Companies with high levels of ethnic diversity on their executive teams outperformed those with low levels by 36 percent in terms of profitability in 2019, slightly up from 33 percent and 35 percent in previous years. 

Perhaps even more compelling, McKinsey discovered that DEI “laggards” — those in the bottom quartile of diverse representation — are more likely to underperform median industry profitability measures by 40 percent. 

Looking Beyond DEI Metrics

However, as HBR argues, “increasing diversity does not, by itself, increase effectiveness; what matters is how an organization harnesses diversity, and whether it’s willing to reshape its power structure (emphasis mine).

In other words, it’s not enough to merely take action to boost your diversity numbers. Your audience and stakeholders want and need to see an authentic commitment to DEI — one that extends to every aspect of your organization. Case in point: prospective employees (especially members of Gen Z) are looking for evidence that your DEI efforts are genuine. And you’re likely being asked about DEI in RFP processes as well. 

To compete for talent and clientele, you need more than a performative “check-the-box” mentality. To make strides, your firm must make a real and concerted effort to listen to and learn from those with diverse heritages, experiences, and outlooks. 

In the article referenced above, HBR calls this the “learning-and-effectiveness paradigm.” The authors argue that “cultivating a learning orientation toward diversity—one in which people draw on their experiences as members of particular identity groups to reconceive tasks, products, business processes, and organizational norms—enables companies to increase their effectiveness.”

This transformative approach is the best way to position your firm for the future. And it’s an essential part of equipping your organization to communicate effectively about the issues that matter most to your audience.

Staying Silent Calls Your Firm’s Authority Into Question 

When people groups are violently and hatefully targeted, other members of that group need to know their friends, colleagues, and employers stand with them. 

Your firm’s silence can speak louder than words. And that silence is particularly noteworthy if your employees, clients, and community stakeholders look to you as a trusted authority and advisor. If your firm abstains from discourse, your lack of participation in active, important, timely conversations might make your audience wonder what you stand for. 

That was and is true for Muslim Americans who have faced anti-Islamic rhetoric and prejudice post-9/11.

It was and is true for the Black community in the wake of George Floyd’s murder – and so many others before and after his.

It was and is true for the Asian community when acts of violence against Chinese, Korean, and Japanese Americans increased during the pandemic.

It was and is true for members of the LGBTQIA+ community, who face discrimination and vitriol in schools and in the workplace.

And it was and is true for Jewish people, especially in light of the extreme violence and terror recently unleashed by Hamas.

When you participate skillfully in the conversations that matter, you can reinforce your authority and strengthen your firm’s relationship with your audience. 

You’ll greatly increase your chances of getting your messaging right when your leadership and communications teams are made up of people with diverse ethnicities, genders, and points of view. Still, saying something — even if it’s imperfect and requires later clarification (like this internal memo from Progressive CEO Tricia Griffith) — is far better than saying nothing at all.  

Acknowledging Your Personal Biases Opens the Door for Deeper Connection 

Communicating effectively about difficult issues requires humility and openness. After all, we all come to the table with our own personal biases and ways of looking at the world. That’s not inherently a bad thing. But it’s crucial to acknowledge those biases and intentionally set them aside in order to learn from the people around us and develop a broader point of view. 

The situation in Israel and Gaza is a salient example. The terrorist attacks by Hamas and the ensuing images of war impact different individuals in profoundly different ways. Some have religious and cultural ties to Israel, and the violence against their people stirs up reminders of Hitler’s reign of terror leading up to and culminating with the Holocaust. Those with personal connections to Palestine are challenging us to confront the underlying humanitarian crisis in the Gaza Strip while considering the ways in which Israel’s response to Hamas affects countless civilians. 

As leaders, the more information we have about how our employees and clients are experiencing world events, the better positioned we are to build deeper connections with them. We can’t unravel 75+ years of conflict in the region — but we can offer empathy, compassion, and solidarity. And we can provide resources that support our people where they are. 

To do that, we first have to look at these issues through multiple lenses and invite deeper discourse on subjects that are hard to talk about.

Don’t Shy Away From DEI — Now’s the Time To Dig Deeper 

As a leader at a professional services firm, you have a responsibility to participate thoughtfully in the conversations that matter most. The only way to do that effectively is to embrace diversity, equity, and inclusion in a full-hearted way. 

To that end, now is the ideal time to recommit to strengthening your firm’s DEI initiatives. Challenge personal biases. Work toward reshaping your firm’s norms, hiring, and power structures. Commit to continuous learning. 
And remember: If you need guidance about how your firm should communicate about global and social issues, just reach out. We’d love to help.

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As industry leaders and senior professionals look for sophisticated guidance on influential and complex topics, they are increasingly turning to podcasts as a quick way to absorb timely information. In fact, 43% of U.S. decision-makers regularly listen to podcasts for business-related news and thought leadership. Yet few are leveraging this growing medium to reach them.

Only a third of B2B content marketers have used podcasts within the last year, for example. And, according to Greentarget’s 2022 State of Digital & Content Marketing Report, C-Suite executives and in-house counsel rank podcasts at the bottom of the content they prefer to consume, indicating a significant lack of elevated and engaging content.

This should be a wake-up call for professional service firm marketers, especially as the influence of podcasts can often be stronger than other media channels. According to the Pew Research Center, 36% of podcast listeners have tried a lifestyle change because of a podcast they listened to, and more than half have followed the social media account of a podcast or its host. At Greentarget we’ve seen this firsthand, spearheading podcast campaigns that have reached thousands of executives and sparked impressive engagement across LinkedIn and Twitter.

As the number of podcast listeners grows, it’s critical that professional service organizations seize the opportunity. When used in tandem with a solid digital media strategy, podcasts can spur conversations between key decision-makers, drive up the number of visitors to companies’ owned channels, and generate new business development.

Below, we outline a few benefits—and how marketers can achieve them.

Drive Organic Traffic to Owned Media Channels

To some extent, podcasts are self-selecting. By choosing to play your podcast, listeners have already raised their hands to say that your content’s subject matter is what they are interested in. It should come as no surprise then that 80% percent of people who start a podcast listen to most or all of the episode.

That increased focus gives professional service organizations the opportunity to steer listeners to other relevant owned content on their website. For instance, Greentarget has been able to craft bylines and owned blog content based on several conversations that podcast hosts have had with their guests.

And because that content is more likely to coincide with their interests, it can be valuable tool in driving newsletter subscriptions, report downloads and organic traffic. Once you have drawn listeners into your marketing pipeline, they are more likely to reach out and enlist your services.

Reach an Audience That Matches Your Target Demographic

Research shows that most podcast listeners are educated, tech-savvy, affluent and diverse, and the medium is known for reaching on-the-go professionals of all ages. While the majority of monthly podcast listeners are between the ages of 12 and 34, 43% of monthly podcast listeners are aged 35-54—an increase from 39% in 2021. These segments of the U.S. population largely align with the demographics of professional services organizations, meaning a podcast has greater potential to reach them over traditional media channels.

What’s more, podcasting is quickly becoming a global medium. Monthly downloads for podcasts around the world ballooned by millions in the first quarter of 2023, and experts anticipate the number of podcast listeners will reach over 500 million by 2024. As reaching a global audience becomes increasingly important for growing professional service organizations that work across borders, podcasting can help overcome the regional limits of traditional news outlets.

Position Authorities as Authentic and Trustworthy

According to the Edelman Trust Barometer, consumers trust business more than any other institution globally. Listeners trust industry leaders who weigh in on important issues. As organizations face increased scrutiny around the credibility of the information they produce, podcasts offer a way to deliver those perspectives in an authentic, believable way. The nature of the medium enables thought leaders to showcase not only their knowledge but their personalities and unique voices.

Generate Networking Opportunities

Authorities also stand to make personal connections with the wide variety of industry experts featured on their show. This can open up better networking opportunities, and in some cases, lead to a beneficial partnership between organizations.

Take our podcast partnership with Berkeley Research Group (BRG) , for instance. Through the firm’s Insights from the Top podcast, host Dr. David Teece was able to build strong relationships with law firm leaders in the U.K. and as far as South Africa. Other podcast hosts at the firm have appeared as guests on podcasts hosted by close acquaintances, and vice versa.  

A Small Investment Can Yield Big Rewards

Creating a podcast takes little in the way of capital investment. Nowadays, a hundred-dollar microphone, earbuds, a quiet room and simple software are enough to produce a high-quality listening experience for your podcast audience. And now that the pandemic has habituated listeners to the audio quality you might expect in a Zoom call, the bar to entry is lower than ever.

Best Podcasting Practices

If you’re convinced that podcasting might work for your professional services organization, here are a few rules of thumb that will guide you on your journey to launching your very own podcast series.

  • Stay the course: Since anyone can throw their hat into the podcasting ring, it can take more than a few one-off episodes to rise above the noise and gain a diverse and dedicated following. This is often why more than three in four podcasters give up on a show within 12 months of launch. So, it’s important that professional service organizations make a long-term commitment to a podcast with the expectation that they are unlikely to garner a substantial following in the first few months. The most influential professional services podcasts out there today—The McKinsey Podcast, Deloitte’s Global Insights, you name it—invested significant time and resources before gaining traction.
  • Integrate podcasting into a holistic communications plan: Podcasts can be repurposed in the creation of other content that can be shared across different platforms, such as infographics, blogs and newsletters. Conversely, podcast episodes can center around insights and findings outlined in other forms of content, e.g., research reports, whitepapers, etc. Professional services firms should use these strategies to extend the shelf-lifeand expand the reachof existing content.
  • Be candid: Podcasts bridge the gap between informal, authentic communication and measured thought leadership. Since a podcast can always be edited after a recording session takes place, authorities and their guests can—and should—speak frankly about today’s most pressing issues. They can rest assured that they will always get the right message across to their audience—even if it’s in the editing room.

There Has Never Been a Better Time to Dive into This Growing Medium

As stakeholders continue to shift from traditional to owned media channels for their information, it’s crucial that professional services firms evolve alongside them. In our hyper-saturated media landscape, people are often bombarded with opinion-based content—from the moment they sit down at their work desks to when they nod off to sleep, phone in hand.

Podcasts offer an unusual respite from this barrage of information. They are played in the car, at the gym, or on an evening walk. And because a listener gets to decide what they listen to, they are more open to the views expressed on a podcast than say, an algorithmically curated TikTok video or an op-ed shared by a colleague on Facebook.

With over three million active podcasts out there and counting, professional service organizations can’t afford to ignore this rising—and very personal—content medium.Greentarget knows how to develop a podcast from front-to-back. Whether it involves pre-episode storyboarding, audio production or digital promotion, we have the tools to position any podcast for success—so let us help you jump into this frequently overlooked medium.

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As Western law firms that spent years growing their footprints in China either exit or retrench, the reason global firm Dentons cited for doing so stands out for its directness.

In a memo to clients, Dentons said it ended its tie-up with Beijing Dacheng Law Offices “in response to an evolving regulatory environment for Chinese law firms in China—including new mandates and requirements relating to data privacy, cybersecurity, capital control and governance.”

As conditions in China become increasingly challenging, how a firm communicates a decision to withdraw need not be left to the last minute – indeed, firms should have plans in place now, especially as the prospect of greater conflict in the region looms. The unlawful Russian invasion of Ukraine and Hamas’ more recent incursions into Israel signal the importance of having risk management and corresponding communications plans in hand before the next geopolitical crisis, which many believe will be Chinese President Xi Jinping’s inevitable attempt to take Taiwan.

The pullback among foreign law firms is the latest evidence that the Chinese government’s heightened focus on national security and related geopolitical tensions is impacting the ability of professional services firms to do business there. The Big Four auditing giants have also shut down legal affiliations with local firms in China, according to Law.com. Meanwhile, Chinese authorities earlier this year probed operations at China offices consulting firms Bain & Company and Mintz Group, and detentions of foreign executives are adding further chill to the business climate.

As one anonymous Dentons partner told The American Lawyer, “It wasn’t really a corrosion of our relationship [with Dacheng]. It’s more that it’s become impossible to serve our clients properly, those that have China links.”

Worsening Economic and Geopolitical Conditions Raise the Communications Stakes

The changes global law firms made to their Chinese platforms in 2023 are part of a longer-term trend. The number of foreign law firm offices in China has been in decline for five consecutive years, falling by 16% to 205 as of the end of 2022, according to Chinese Ministry of Justice data, with U.S.-based firms leading the withdrawal. More firms will likely be queueing up behind Dentons and others heading for the exits as China’s economic downturn deepens, limiting business opportunities while trade tensions slow cross-border investments.

These developments come as heightened tensions between China and Taiwan once again fan speculation around a possible Chinese invasion. Affluent Taiwanese are transferring wealth abroad or shifting money into portable assets. Multinational companies are taking force majeure clauses one step further and inserting provisions into contracts specifically tied to China-Taiwan tensions. Meanwhile, America’s military and political leadership are discussing deterrence and timelines of a possible Chinese invasion amid growing economic and diplomatic pressure.

Coupling these conditions with the increasingly aggressive Chinese regulatory stance toward foreign firms, leaders of professional services organizations must consider the possibility that a conflict in Taiwan could further compromise their business and compel them to communicate their position on Chinese aggression – operationally and philosophically – with clients, employees, regulators, and the public.

Recall the weeks following Russia’s invasion of Ukraine. Hundreds of global companies shut down Russian operations within a few days. Professional services firms were slower to react than other organizations and their responses varied widely—from resigning clients based in Russia to taking no action at all, perhaps reflecting the difficulty of giving up work when it can be done from anywhere. 

Given the difference in the size of the Chinese and Russian economies and levels of foreign direct investment, we would expect even greater difficulty unwinding from China than from Russia despite China’s lackluster economic outlook. The International Monetary Fund last year ranked China the third most prominent destination for foreign direct investment, totaling $3.6 trillion in 2021. (This doesn’t count Hong Kong, which received another $1.9 trillion.) Russia isn’t even in the top 10.

As we saw after the invasion of Ukraine, intensifying Chinese aggression toward Taiwan would likely be followed by swift international condemnation and calls for Western firms to withdraw or to limit activities that could be said to support the regime. Other complications, from head-butting between the Chinese and U.S. militaries to stepped-up regulatory actions against foreign firms operating in China, could elicit similar responses, highlighting the need for firm leaders to be prepared for such eventualities.

In a Volatile World, Organizations Need a Proactive Communications Strategy

It is critical that firms have a clear framework for whether and how to respond to such crises, beyond the compulsory need to communicate regarding local staff who may be in harm’s way.  As a starting point, we recommend the process we developed to help leaders decide whether and how to respond to social and political issues since the murder of George Floyd. 

The Conference Board is aligned with our process. It recommends considering the issue’s alignment with the following:

  • Your organization’s core values
  • The requirements and expectations of internal and stakeholders
  • The connection between the issue and business
  • The significance of the issue to society
  • The incremental impact your organization may have

Firms should choose how prominent a leadership role they wish to play and be transparent with stakeholders about the criteria and process they employed in deciding whether and how to respond. (Firms structured as vereins, with members and affiliates in different parts of the world, should take note of this last point.)

And as consulting giant McKinsey points out, you should also consider adjusting your corporate narrative with an eye to shifting geopolitical risks. If you have an early handle on how you would respond if a specific crisis occurred, consider whether that is aligned with how the firm talks about itself today. If that narrative conflicts with your anticipated position, shifting your narrative early can avoid confusion among internal and external stakeholders down the road. 

Engaging with us in a rigorous scenario planning process can bring significant clarity. That’s especially the case if the process is conducted before the crisis occurs and urgency overtakes the opportunity to be thoughtful. We’ve helped clients navigate the invasion of Ukraine, the repeal of Roe v Wade, and the Oct. 7 attacks on Israel. Reach out if we can help you, too.

About the Executive Positioning Practice Exemplifying Greentarget’s commitment to being a trusted advisor to clients, Greentarget’s Executive Positioning team provides c-suite executives (managing partners, CEOs, executive committees, and boards) with insights to anticipate, understand and respond to important global and social developments, analyzing key issues that can impact reputation and compel leaders to communicate.

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